A question most of our clients make is how to buy a property in Playa del Carmen? How easy/difficult is it? We’re here to help, take a look at our quick (but effective) guide, and if you have further questions, contact us! Set up a budget We all have dreams, but in Real Estate, beingContinue reading “How to Buy a Property in Playa del Carmen”
Author Archives: teresaproperty
Playa del Carmen & Puerto Aventuras Reactivate After COVID-19 Lockdown
After the announcement of the change to the orange color of the epidemiological traffic light, which implies the gradual economic reactivation in tourist and leisure activities, the municipal president of Solidaridad, Laura Beristain Navarrete, reported that some businesses and offices can open to 30% of their capacity , applying the corresponding hygiene and safety protocols.Continue reading “Playa del Carmen & Puerto Aventuras Reactivate After COVID-19 Lockdown”
Bank Trust in Mexico: What Is It and How Does It Work?
The Mexican bank trust is an instrument commonly used for non-Mexican nationals, such as U.S. citizens and Canadians, to purchase coastal land in Mexico. This bank trust in Mexico is known as a “fideicomiso”. Most people use the term “bank trust” simply because it is easier to pronounce than fideicomiso, but when talking in Spanish, youContinue reading “Bank Trust in Mexico: What Is It and How Does It Work?”
Acquisition Tax in Playa del Carmen, Update 2020
When purchasing property, there are some added costs during closing that you should consider. One of them is the acquisition tax or transfer tax. This is, in Spanish, “Impuesto Sobre Adquisiciones de Bienes Inmuebles” This tax went from 2% to 3% as of January 2020. The acquisition tax is calculated on the assessed value ofContinue reading “Acquisition Tax in Playa del Carmen, Update 2020”