Condominiums
Total sold new and resale were a value of USD 431,248,048.
This was 73% of sales volume for 2022 with average sales price per condo up 17% higher to USD 415,8621.
Houses
Total sold new and resale were a value of USD 155,595,848.
This was also 73% of sales...
Foreigners (non-Mexican) can purchase real estate in Mexico. They may directly own rural or urban land in the interior of Mexico with certain limitations on specific agricultural tracts.
In the restricted protected zone, a Trust Deed is used. These protected areas include 100 kilometers along all-natural borders, 50 kilometers...
We now have many new condos, and more are being built. The demand continues as foreigners look for ways to have a primary or second home on a beach in North America.
Never has it been more important to know the laws on condominium ownership. Please learn the ones...
With the current world situation, ethics are needed more than ever before.
AMPI Real Estate Ethical Practices
What does the AMPI (the National Association of Real Estate Professionals) Code of Ethics say about the loyalty and obligation of a real estate professional to his local organization and his colleagues?
The real...
In this report, we see the sold activity from January 1 - December 10, 2023.
Condos, Homes, Land
Jalisco With 1,795 Active Condos for Sale, with 642 Under Contract Pending to Close. Sold through December 10 are 578 units. Sales volume is USD 244,493,768, with an average sales price of $423,000,...
The other night, I was at dinner with clients, now friends, after several years of buying property in Puerto Vallarta.
The subject came up of money laundering. How much laundering is in the world right now. Here is some information from my research about this pervasive worldwide practice.
There...
USA
Net listing is illegal in many states in the USA because it represents a conflict of interest between the agent and the seller. The net listing agreement gives the agent an incentive to sell the property for as low as possible, rather than getting the best possible price for...
In September 2022, the NOM Regulation 247 became a regulation to require immediate use by developers of the consumer protection laws in Mexico. The laws had become legal years before 2022, but legislature realized they were not being followed by the developers of preconstruction condominiums and homes. For your...
The laws for consumer protection are the reason for the new NOM regulation telling the developers of new construction to register their purchase offers for approval from COFECO, the consumer protection agency for Mexico.
Projects still in selling mode before September 19, 2022, are using their same contract as...
