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- Cozumel Quintana Roo, Mexico
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Looking for the perfect place in paradise? A place that offers something for everyone? The Cancun real estate market is the gem of the Mexican Caribbean.
Cancun is one of the most important cities in Central America and is a very upscale cosmopolitan city. It is divided into two real estate sections: downtown (el centro) and the hotel zone. Although much of downtown is very modern, with high rises and all the services you would expect at home, it still offers a more authentic glimpse of real Mexico in some of the older neighborhoods. The hotel zone glitters with 5 star hotels and luxury high rise condominiums and you will find an array of shopping malls, restaurants and nightclubs.
We’re interested in helping you find your dream home. Therefore, we hand-pick certain projects we can verify that offer the best prices and the best quality. These properties feature 5-star amenities and some of them are walk distance to the beach. Take a look at these projects and contact us if you want more information.
Cancun is one of the most well-known tourist destinations in Mexico. While people are discovering Playa del Carmen, Tulum and other parts of the Riviera Maya, it is unlikely to find someone who hasn’t at least heard of Cancun! Cancun has been bringing tourism to Mexico for a very long time. With tourism comes curiosity and the desire to return or even to stay forever. After seeing Cancun for the first time, many start to think of what it would be like to live here. As a result many Americans and Canadians come to look for Cancun Real Estate. Buying a home or condo in Cancun is ideal for retirement, spending winter days, short vacations, or even just for investment purposes! The great thing about choosing to purchase real estate in Cancun is that your investment will always stay solid. Cancun has remained popular and is continuing to grow to accommodate tourist activity and real estate sales. Check out some of the best properties for sale in the Cancun real estate market. You can find affordable condos and homes in downtown or in the hotel zone. There is also land for sale in Cancun to build a home or start a business.
Cancun is a city blessed with a long stretch of incredible white sand beach. If you are a city lover but love to put your feet in the sand Cancun is where you need to be. Cancun is very comfortable for American and Canadian style living. Many who buy real estate in Cancun feel satisfied with all of the American conveniences that Cancun has to offer. You are surrounded by large shopping malls with recognizable stores and hundreds of international restaurants. There are even major grocery stores which carry your favorite American branded products.
Those looking for Cancun real estate often ask to be in an area where they can connect with other expats. If you are one of those people you have found your destination. Since Cancun is one of the most well known spots, and has been the attraction of Americans and Canadians for years, it is now one of the number one locations for expat living! Perhaps you will be living in another country but it certainly will feel like home.
It is worth mentioning that Cancun is a place for everyone. If you like more of the action and entertainment there is plenty of nightlife for any age as well as new venues to see shows and concerts. If you like something quieter and relaxed you can head out to a nice restaurant or wine bar or see a movie in one of Cancun’s major movie theaters.
Getting around Cancun is easy and cost efficient. Taxis are readily available no matter where you are and the prices are pretty affordable.
If you are interested in Cancun Real Estate and want to know more about what is available; our Top Mexico real estate agents can answer all of your questions and give you great area advice. Contact us today!
While touring properties with your agent, you will want to engage in a conversation about Fideicomisos and FOMC (Foreign Owned Mexican Corporations) to determine which is the best vehicle for you to utilize to hold title. Both have advantages and disadvantages.
The fideicomiso (bank trust) is a trust agreement that you establish with a bank to hold title of the property with you (you and the bank are both named in the title documents). The bank has a fiduciary responsibility to represent your interest in the property.
Advantages of the fideicomiso:
If the title papers, property dimensions and corresponding documentation are not perfect, the bank will not issue the fideicomiso. We will discuss title irregularities in a future segment.
The main disadvantage of the fideicomiso is that it is restricted to hold a property of 2000 square meters or less. (There are exceptions and you can request a permiso for acquiring a fideicomiso that allows for a property larger than 2000 square meters. Another disadvantage of the fideicomiso is that it is limited to one specific property. Sometimes you can put two adjoining properties into the same fideicomiso. But, generally speaking the fideicomiso is only applicable to an individual property.
The FOMC (Foreign Owned Mexican Corporation) is a vehicle that allows foreigners to open a business and work in Mexico. The corporation is a Mexican entity, and as such, has the right to hold title to real estate. An attorney or notario can help to set up your corporation. It is important to know what your goals are in respect to the property, business and type of investment prior to setting up the corporation. Creating the corporation requires a minimum of 2-individuals (stockholders), of any nationality, at least 18-years of age. One of the stockholders will be the managing partner. The managing partner will be required to acquire and maintain a proper visa. Additionally, the corporation is required to make monthly reports to HACIENDA (the Mexican Department of the Treasury) reporting income and expenditures. The reporting needs to be done by a certified accountant.
Advantages of the FOMC:
Disadvantages of the FOMC:
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Cozumel Quintana Roo, Mexico
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All information provided herein has been obtained from sources believed reliable, but may be subject to errors, omissions, change of price, prior sale, or withdrawal without notice. Retreats Luxury Oceanfront Rentals International Real Estate and its affiliates make no representation, warranty or guaranty as to accuracy of any information contained herein. You should consult your advisors for an independent verification of any properties.
For all listings provided by third party : This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2023 Rmoceanfrontrentals Listing Service, All rights reserved.
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