Cabo San Lucas Real Estate
The real estate business in Cabo San Lucas and
San Jose del Cabo is booming! People coming to Los Cabos on vacation
are falling in love with it and wanting to buy a vacation home of
their own. There are many exciting investment opportunities currently
available to make this dream come true!
Foreigners can own property in Mexico. There was
a law in Mexico that forbad foreigners from owing property within
30 miles of the coastline, known as the restricted zone. This would
have meant that foreign citizens could not own property in Baja
California, including Cabo San Lucas and San Jose del Cabo. This
has now changed and foreigners can now own property in Mexico including
the restricted zone. To purchase a property in the restricted zone,
a Fideicomiso is set up with a Mexican Bank. A Fideicomiso is a
trust set up with a Mexican Bank, who holds the ownership to the
Mexican property on behalf of the foreign owner. The Fideicomiso
or trust, is renewable every 50 years in perpetuity. The foreigner
has full rights of ownership and can use, rent, sell or will their
property as though they owned the property directly.
Home buyers in Mexico can now also enjoy the security
of US Title Insurance and US real estate financing. Everyday it
is getting easier to purchase your dream vacation home in Cabo San
Lucas!
There is an abundance of available vacation homes
for every need and budget. Choose from some of the most exclusive
properties in the world! Let us help find your dream vacation home!
For listings of available Cabo San Lucas and San Jose del Cabo real
estate, please contact
us! |
