Month: August 2024

If you are considering purchasing a vacation home in Punta de Mita, you will likely have questions about how the real estate process in Mexico works. Our “Explained” series is designed to help educate you about how real estate transactions function in Mexico, so that you can select your dream branded residence at Susurros del Corazón with confidence.

A fideicomiso is used in Mexico to allow foreigners to purchase property in what is known as the “restricted zone” – property that is located within 100km of an international border or within 50km of the coastline. It is a trust structure which allows foreigners to hold property rights in a way that complies with Mexican law, which generally prohibits non-Mexicans from directly owning land in these restricted areas.

With a fideicomiso, the buyer establishes a trust with a Mexican bank acting as the trustee. The foreign buyer, referred to as the “fiduciante,” retains full beneficial use of the property. This means they have the right to occupy, rent, sell, or improve the property as they see fit, while the bank holds the title. The fideicomiso term typically lasts for 50 years and can be renewed indefinitely, providing long-term security for foreign property owners.

The process begins when the buyer and the bank agree on the trust terms, including fees, which can range from $500 to $1,000 annually, plus any initial setup costs. Once the fideicomiso is established, the bank will ensure all legal compliance, making the process smoother for the foreign buyer and ensuring their interests are secured.

One of the main benefits of a fideicomiso is the level of protection it provides foreign investors. The trust structure provides peace of mind, as the property cannot be seized or sold without the owner’s consent. Additionally, the fideicomiso allows for estate planning advantages, as the property can be passed on to heirs without going through probate.

A fideicomiso is an essential tool for foreigners buying real estate in Mexico, providing a secure and legal means to own property in coastal areas like Punta de Mita, while facilitating various ownership rights. Your Susurros del Corazón sales executive can explain more about the fideicomiso process to ensure a successful and easy experience.

Click here to learn more about the incredible lifestyle and investment opportunities found at Susurros del Corazón.

In our most recent article, we discussed the compelling advantages of purchasing a branded residence, particularly in terms of luxury, investment potential, and lifestyle enhancement. Susurros del Corazón is a prime example of the value and desirability of branded residences, enhanced even further by a prime Punta de Mita location – a leading destination on the luxury real estate market in Mexico. 

Real estate in Punta de Mita offers a compelling investment opportunity for those looking to enhance both their portfolio and their lifestyle.  Nestled on the breathtaking Riviera Nayarit coastline, Punta de Mita is famous for gorgeous beaches, vibrant culture, and luxurious amenities, making it an attractive destination for both visitors and real estate investors. 
 
The area has experienced significant growth in real estate demand, driven by its appeal to both domestic and international buyers, particularly those seeking a balance of luxury and vibrant Mexican culture. This diversity not only enhances investment potential but also ensures that there’s something for everyone, meaning Punta de Mita properties shine on the vacation rental market. 
 
Served by the Puerto Vallarta International Airport (PVR) and with recently improved highway access from Guadalajara, Punta de Mita is easily accessible, attracting tourists and new residents alike, permitting for strong return on real estate investment. 
 
The Punta de Mita lifestyle appeal is outstanding, known for excellent year-round weather, outdoor activities like surfing and golfing, and a rich cultural scene with local markets and festivals. The relaxed yet vibrant atmosphere fosters a sense of community, appealing to a wide range of people, from snowbirds to families and young professionals. 

Punta de Mita is an excellent investment choice, combining lifestyle appeal with the promise of future growth, particularly when that investment is enhanced with the exclusivity offered by a branded residence. Contact a Susurros del Corazón sales executive to learn more about current Phase One homes now available and for first access to Phase Two homes coming soon. 

Click here to learn more about the incredible lifestyle and investment opportunities found at Susurros del Corazón.