Mexico

For a foreign national looking to sell real estate in Mexico, the process can be navigated effectively and independently with the right preparation and understanding. By acquainting yourself with the necessary legal steps and heeding key advice, you can facilitate a smooth and successful property transaction without necessarily engaging a real estate agent. Key Steps to Selling Your Mexican...

When a US citizen or resident sells property located in Mexico, the Internal Revenue Service (IRS) mandates that this transaction be reported. This is because the US tax system operates on the principle of taxing its citizens and residents on their worldwide income, which inherently includes any capital gains realized from the sale of foreign real estate. The amount of tax owed is determined by the...

When you decide to sell your residential property in Mexico, it's essential to be aware of the various expenses, taxes, and potential allowances that will factor into the transaction. While buyers typically shoulder the majority of the 'closing costs' associated with purchasing property in Mexico (which can range from 5% to 10% of the sale price), sellers also have specific financial obligations to...

Selling your property in Mexico without a real estate agent is definitely achievable, offering you direct control over the process. However, a thorough understanding of the local procedures and strict adherence to legal requirements are essential for a seamless and successful transaction. This detailed guide provides a step-by-step approach to selling your Mexican property independently. Establish...

Thinking of buying or selling property in Mexico? In today's rapidly globalizing world, the digital sphere offers immense opportunities to connect with potential property buyers not just locally, but from all corners of the globe. Selling your property in Mexico independently can be both empowering and economically beneficial, but it requires a keen understanding of how to leverage digital marketing to...

Mexico Property Market Outlook for 2024: Resiliency, Diversification, and Global Appeal Mexico's vibrant economy, rich cultural heritage, and strategic location have long made it a popular destination for foreign investment, including in the real estate sector. As the country navigates a complex global economic landscape, its property market remains resilient and poised for continued growth in...

Thinking about buying or selling overseas property this year? Now that you're ready to get out there and start making your overseas relocation intentions a reality, it's important that you... maybe get a second house/investment property... This is an excellent opportunity to take a step back and assess the current state of the global real estate market.     What kind of price reductions...

Valencia has been chosen as the greatest city in the world for expats. This year, 11,970 expats from around the world participated in a survey to determine which cities were the best for international residents to live in. The results placed Valencia, Spain, ahead of other global cities such as Dubai and Mexico City. The city polled 171 different peoples from 181 different countries.   Quality...

Mexico has surpassed China as the United States' most important trading partner because of its closeness to U.S. markets, its advanced infrastructure, its access to ports for worldwide distribution, and its highly trained, well-educated workforce. The U.S.'s greatest trading partner in 2019 was Mexico, with a total value of USD614.5 billion in bilateral commerce and USD144 billion in bilateral,...

Everybody knows that you don't have to stick close to home to buy or own property anymore , not after checking out the greatest international real estate websites. Many people looking to diversify their holdings or take advantage of the Golden Visa schemes that certain nations use to entice foreign investment view investing in the offshore industry as a promising option. When you factor in the typical...