Sunday, October 20, 2013

Keeping on Top of Mexico's Evolving Investment Climate

As members of AMPI (Mexico's Professional Real Estate Association), we are big supporters - for obvious reasons - of continuing education in order to provide the best services for our clients.

Over the summer, Laura Lecchi, was certified in Condominium Administration.

Last Thursday, I attended a workshop on Fideicomisos. For any of you wondering if they are going to get rid of the Fideicomiso, my best guess is not any time soon.

On Friday, Kim and I attended the Real Estate Business Summit Cancun 2013. We learned about new
transparency laws affecting real estate transactions, the status of a new Real Estate Law for the state of Quintana Roo (Licensing will soon be a requirement, not an option. Yahoo!), and received an update on the progress of the Tax Reform bill that is currently being negotiated in the Federal Congress.

I don't think it is an understatement that if you are interested in investing in Mexico, finding a licensed professional is the safest way to go. Mexico is a developing country, meaning that it is modernizing, evolving, and the rules of the game will change. Finding an agent who is armed with the latest and CORRECT knowledge can save you time, grief, and money!

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Amber Pierce-Schulz is the Broker/Owner of Mayan Riviera Properties, specializing in Puerto Morelos Real Estate and Puerto Morelos Vacation Rentals. We are members of AMPI and Federally Certified Realtors.