Investing in Riviera Maya real estate can be a rewarding venture, but buyers must be aware of the hidden costs and considerations to avoid surprises and maximize their returns.
1. Closing Costs
Closing costs in Mexico can range from 5% to 7%…
The state government has introduced Quintana Roo’s new environmental reform. This requires all real estate developments to submit an Environmental Impact Statement (EIS). This measure, aimed at curbing irregular urban growth, ensures that new and existing properties meet environmental standards. By making…
The Congress of the State of Quintana Roo recently approved a package of fiscal reforms in 2024 that amend, repeal, and add various provisions to the state's legal framework. Of course, this will impact the real estate market in the Riviera Maya.…
Investing in real estate in Mexico requires a detailed understanding of the legal and tax aspects that govern these types of transactions.
From a legal standpoint, it is essential to conduct thorough due diligence before any purchase. This includes verifying the legal…