Search Results - Mexican Americans
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Showing 1 to 2 of 2 Articles matching 'Mexican Americans' in related articles. |
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1. CAN FOREIGNERS REALLY OWN PROPERTY IN MEXICO?
October 26, 2009
Yes, Americans and other foreigners may obtain direct ownership of property in the interior of Mexico. However, under Mexican law, foreigners cannot own property outright within the restricted zone. Instead, a real estate trust must be set up to hold title for the foreigner. Since foreigners are not able to enter into contracts in buy real estate, they must have a bank act on their behalf, much as a trust is use to hold property for minors because they also can not contract. The following is a brief outline of the law regarding such trust, known as "fideicomisos", but potential buyers sh... (read more)
Author: Patty Bell
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2. Yucatan Real Estate to Benefit from Increased Flights
October 22, 2009
Interjet, a relatively new airline in the Mexican market, has recently announced that it is returning to the Yucatan Real Estate area, offering flights to Merida as of October 29th, 2009. For Yucatan Real Estate, this means two things. One is an indication of the confidence in the tourism market - a key factor in the economy and infrastructure development of Mexico Real Estate destinations for North Americans. The other is increased ease of travel within Mexico.
The Secretary of Tourism Development in Yucatan, Juan Jose Martin Pacheco made the announcement in mid-October that Interjet ... (read more)
Author: Thomas Lloyd
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