Best Caribbean Realty Riviera Maya. Your Real Estate Solutions.
 
Lic. Jorge Rubio

Buying property


Many potential investors are still not certain about the legality of buying in Mexico. Let me take away some of the myths and give you some facts... In 1989, regulations were passed to “Promote Mexican Investment and Regulate Foreign Investment”. Those regulations also became law and included significant and beneficial changes. The most beneficial change increased the length of the renewable trusts to 50 years. Now foreign owners can extend their trusts for an indefinite number of 50 year terms. The relaxed political environment has given non-Mexicans their first real access to pristine coastal property. As a result of Mexico’s commitment to tourism, and the recent relaxation of its Foreign Investment Law, resort properties in Mexico are expected to develop at a rapid pace. What once may have been seen as a complex form of property ownership is quickly becoming familiar to non-Mexican buyers.

Welcome to Mexico


About Mexico

Officially United Mexican States, republic (1995 est. pop. 93,986,000), 753,665 sq mi (1,952,500 sq km), S North America. It borders on the United States in the north, on the Gulf of Mexico (including its arm, the Bay of Campeche) and the Caribbean Sea in the east, on Belize and Guatemala in the southeast, and on the Pacific Ocean in the south and west. Mexico is divided into 31 states and the Federal District, which includes most of the country's capital and largest city, Mexico City.

Land

Most of Mexico is highland or mountainous and less than 15% of the land is arable; about 25% of the country is forested. Most of the Yucatán peninsula and the Isthmus of Tehuantepec in the southeast is lowland, and there are low-lying strips of land along the Gulf of Mexico, the Pacific Ocean, and the Gulf of California

 In the south the deserts yield to the broad, shallow lakes of a region, comprising the Valley of Mexico, known as the Anáhuac and famous for its rich cultural heritage. South of the Anáhuac, which includes Mexico City, is a chain of extinct volcanoes, including Citlaltépetl , or Orizaba (18,700 ft/5,700 m, the highest point in Mexico), Popocatépetl , and Iztaccihuatl . To the south are jumbled masses of mountains and the Sierra Madre del Sur.

People

The great majority of the population are of mixed Europeans like germas, french, spain and most of all indigenous descent, the official language spoken is spanish, as their first language. Various Dialects are also spoken. Since 1920 the population of Mexico has had a very high rate of growth, almost entirely the result of natural increase; from 1940 to 1990 the population grew from 19.6 million to 81.1 million.

*Columbia Encyclopedia, Sixth Edition, Copyright (c) 2003.

 


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