When the Mexican constitution was written, it specifically prohibited any foreign investor to buy land within 62 miles of any national border or within 31 miles of the ocean. The Mexican constitution was initially drafted to protect the loss of land, which resulted in the restricted zone. Mexico then created the bank trust or fideicomiso…
In the last eight years, Yucatan state’s real estate growth has averaged 2.5 percent annually.
The U.S. dollar is gaining on Mexico’s peso again, and foreign property buyers have noticed.
The couple from New Jersey has lived in many countries, but feel at home here. They are interested in opening a bed and breakfast in the Centro, and they bought a property to do just that.
A New Jersey couple with a $450,000 budget wants to start a bed-and-breakfast in Mérida. That’s the plot line of a “House Hunters International” that airs next week.
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