Foreign Buyers to stick with Fideicomisos

Click to Read the Full Ruling

There was a proposal in 2013 which would abolish the necessity of a fideicomiso for buyers wishing to own property in Mexico's Restricted Zones. This proposal was passed by the lower house of the Federal Congress. The upper house has voted against this proposal, essentially killing the prospects of its adoption.

The proposed change was seen as a way to further encourage foreign investment by eliminating the costs associated with a fideicomiso. However, those of you who have taken our weekly workshops know that a trust is a great way to own foreign property in any country, as it eliminates any probate issues for heirs to your property in the event of the property owner´s death. (If you didn't know that from our workshops, then come by! We have one each and every Wednesday from December - April!)



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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.

Elections for Alcade Held Yesterday

Elections were held yesterday for the position of Puerto Morelos Alcade, most equivalent to the position of 'mayor'.

I am not clear why the elections were held at the end of December, as normally they are mid-summer, but nonetheless they were held yesterday.

Leonel Eustaquio Medina Mendoza (the purple candidate) was certified as the winner of the election, and the Toma de Protesta (swearing in ceremony) is scheduled for December 29th.

Interesting tidbit: This news article reports that 39% of the Puerto Morelos population, 2595 people, voted. (A pretty dismal percentage.) However, this means that the population of Puerto Morelos is officially estimated at 6650. Does that seem right to you? I feel it might be closer to 8000-9000. What do you think??

Those of you who received this post via email, some embedded items -- like videos -- cannot be seen. You will need to click the title of the blog to be taken directly to the post to view the full content.

Twitter and Facebook Readers can view the original post and leave comments at: PuertoMorelosBlog.com.

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.

July 1st: Mexico's Presidential Elections

As with any election season anywhere on the planet, one can hardly get around during these days without being bombarded by political signs. Mexico is no exception and the contest is in its final stretch.

On July 1st, Mexico will elect another President who will serve a 6 year term. (Presidents cannot run for re-election.)

Smartly, campaigning in Mexico is limited to 3 months. This year, there are 2 scheduled debates (a 3rd might be possible) prior to the elections.  Coming from a land of endless campaigning and debating, this is rather refreshing.

While I have lots of opinions on the upcoming election, I am not a voting citizen. So, I'll keep them to myself. But, if you have been following, you'll know that this year's election cycle has been interesting and has awakened a lot of voices that had been silent.

On July 1st, Mexico will decide its next leader. I think this election, potentially, a pivotal moment in Mexico's long history.

At the very least, here's to hoping the campaigns return to remove the signage when it's all over.



Twitter and Facebook Readers can view the original post and leave comments at: PuertoMorelosBlog.com.

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.

Former Delegado, José Manuel García Salas (PRI), wins Puerto Morelos Mayoral Election

José Manuel García Salas from the PRI Party has won yesterday's Puerto Morelos Mayoral Election with 1382 votes.

José Manuel García Salas ("Manolo") was Puerto Morelos Delegado in 2005 and 2008.

Twitter and Facebook Readers can view the original post and leave comments at: PuertoMorelosBlog.com.

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.

Elections on Sunday for Mayor

Our first Puerto Morelos Mayoral Elections are this Sunday.  Stock up on your beverages!  The stores won't be selling alcohol this weekend!

This post by Puerto Morelian, Mary Jordan, sums up electoral activities perfectly!


Twitter and Facebook Readers can view the original post and leave comments at: PuertoMorelosBlog.com.

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.

Encouraging Words from Mexican President Calderon

Calderon commented on the status and motive of Mexico's commitment to combating drug trafficking, as well as tackling the Economic Crisis.  It's an interesting perspective.  Read article here.

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