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Spanish in Cuernavaca - Mexico
Real Estate

Investing in mexican Real Estate is one of the wisest decision. In effect, prices are going up together with the increasing demand and higher consumer price over the years. Although quoted in mexican pesos, most of transactions are quoted in us dollares as well. This is to prevent from a money devaluation.

The current market situation is indicating that people are more willing to invest in properties which prices are not higher than US$ 150'000. However, rich people are still very demanding in houses from US$ 250'000 and above.

Geographically, interesting places to invest in Real Estate are Cuernavaca, Riviera Maya, Querétaro, and San Miguel de Allende.

There are minor mexican real estate taxes (Previal). In case of buying a house, around 6% will be charged by the state. In case of acquiring a landscape, the purchase tax can be relatively higher ie around 15%.

Another aspect to really consider before to invest in mexican Real Estate is the 20% charged on proceeds from the sale of real estate registered in the name of a foreigner. Mexican people do not pay so extravagant taxes, however they will be charged with the "Impuesto sobre la Renta" if they do only rent their property.