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EVERYTHING YOU NEED TO KNOW ABOUT THE FIDEOCOSMICO

What is a fideocosmico and why you may need one? If you don’t have the Mexican nationality but want to buy a house to live or to invest in Mexico, you need to know what a fideocosmico is, why is it mandatory to have one to buy a property in the “restricted zone” of Mexico (we will explain you what it means later) and obviously what are costs that come with it.

 

WHAT IS A FIDEOCOSMICO

To put it simply, the fideocosmico is a bank trust. There are three party involved in the bank trust:

  • The bank
  • The seller
  • The buyer

The buyer, which becomes the owner of the bank trust, has all the rights about the property. Which means that he can rent it, sell it, or modify it.

The bank is the trustee, who is working for the buyer. The bank holds the title but has no right to make any decision about the property.

The seller is the Mexican Government.

You also need to know that the Bank Trusts are active for 50 years and are renewable after that. Do not be confused, this is NOT a “lease”.  A small annual fee must be paid annually to the bank holding the trust. Finally, the buyer designates a substitute beneficiary, who becomes the beneficiary in the case of death (this makes inheritance much easier

 

 

WHAT IS THE RESTRICTED ZONE

The restricted zone is defined in the Mexican constitution by the following limits:

  • Within 50 kilometers (33 miles) from all the Mexican coastline
  • 100 kilometers from any borders of the Mexican territory

WHAT ARE THE COSTS

The initial cost to establish a bank trust is approximately $2000-$2500* USD and this fee is part of your closing costs. Your real estate attorney works with the bank to set up the trust prior to closing. There is a yearly fee of $500-$700* USD that is paid to the bank.

Now, a little history on the origin of the fideicomiso. Legal ownership of real estate in Mexico for foreigners comes from the Foreign Investment Law that was approved by President Luis Echeverria in 1971. It became law in 1973.

The Foreign Investment Law of 1973 allowed a different treatment of real estate within and outside the Restricted Zone. Foreigners can own land outside the RZ without the need of a trust.

The investment trust program was very successful, and in 1989, the Mexican government signed into law the ability for foreigners to have successive extensions of the trust thorough a simple application process when time for expiration of the original trust period came due.

In 1994, the new Foreign Investment Law allowed a beneficiary to have a trust for 50 years, with the application for extension or renewal still intact.

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Why should you invest at Tulum and Playa del Carmen

TULUM

Both cities are a must on the Riviera Maya. Tulum is best known for its Mayan fortress overlooking the Caribbean Sea and Playa Del Carmen is best known for its festivals and nightlife.

But why choose one over the other? The choice is not easy but we will try to understand why these two cities, very different, are both so attractive.

 

This ultra trendy place dominates the Yucatan coast with its legendary fortress and keeps intact its charm of a small New Age village. It is one of the 111 “Pueblos Magicos”. It is one of the best places in Mexico and is recognized worldwide.

 

One of the most important sites in Tulum are its Mayan ruins, located on a cliff facing the Caribbean Sea; with its warm, starry nights and clear, turquoise waters, it is the only archaeological site on the seashore. It is the most photogenic site in the region and perhaps in the whole country.

 

Despite the strong interest in Tulum, the town retains a traditional appearance, taking care to preserve its vegetation in order to be an authentic city while offering high-standard comfort.

 

Investing in Tulum remains very attractive due to its growing real estate market. Indeed, the city, which attracts more than a million visitors a year, is internationally renowned for its white sandy beaches and clear, warm water. Tulum has quickly become a favourite destination for eco-chic travellers, fashionistas and discerning tourists looking for something away from the big destinations. If you buy with the intention of renting when you are not there you are guaranteed an annual return of around 8-14%. The growth in value appreciation for real estate investors in Tulum is also around 8% to 14% a year and is more than that for beachfront properties.”

 

In addition, the tourism market on the Riviera Maya is growing year after year. In fact, over the last decade, tourism figures have shown a strong and constant upward trend. There are no signs of a slowdown on the horizon, quite the opposite in fact. Occupancy rates throughout the Mayan Riviera have been steadily increasing, with an annual average of around 85% to 90%, and all future infrastructure projects planned by the state and the government will contribute to the growth of tourism. This means that this is an opportune time to invest in real estate in Tulum and enjoy unbeatable rental income. It is also a way to diversify your financial portfolio with an attractive real estate investment.

 

In addition, the future of Tulum is promising as there are plans to build an international airport in Tulum and a railway network along the Mayan Riviera. These two projects would change the real estate market in Tulum and the evolution of prices.

 

 

PLAYA DEL CARMEN

Playa del Carmen is one of the favourite holiday destinations for tourists, especially in summer, according to Trip Advisor, because it is an idyllic place located in the heart of the Riviera Maya with fine white sand and turquoise waters, you will always find a hammock and a parasol to sunbathe and rest, especially on the edge of the town which offers the most quiet beach areas.

If you prefer action, in Playa del Carmen you will find nautical activities such as windsurfing, jet-skiing, kayaking or diving in the impressive Mayan coral reef. Great Mexican and international jazz musicians offer concerts every year. The beauty of the beaches and the many activities that Playa del Carmen has to offer will keep you coming back.

 

Playa del Carmen is different from Tulum, it’s a larger city, with nearly 300,000 inhabitants and has upscale restaurants, shopping malls, cinemas and especially the “Quinta Avenida”. The Quinta avenida is the most touristic place in the city where you can find a multitude of shops and it is also the ideal place to have a drink in a warm atmosphere. Of course, Playa Del Carmen is not really similar to Tulum, but it’s just as pleasant. The Quinta is full of people!

 

Investing in Playa Del Carmen is very attractive because it is the fastest growing city in all of Latin America. Over the last ten years Playa del Carmen has enjoyed a huge growth spurt in all areas – commercial, residential, retail and services. New condominium developments are typically sold during construction, as eager investors seek to enter the market as quickly as possible. For this reason, most of the condos for sale in Playa Del Carmen have appreciated before their completion. In addition Playa del Carmen is considered the epicenter of the Riviera Maya with its services, commercial, housing and entertainment sectors.

 

In addition, the tourism market on the Riviera Maya is growing year after year. In fact, over the last decade the tourism figures show a strong and constant upward trend. There are no signs of a slowdown on the horizon, quite the opposite in fact. Occupancy rates throughout the Mayan Riviera have been steadily increasing, with an annual average of around 85% to 90%, and all future infrastructure projects planned by the State and the government will contribute to the growth of tourism. This means that this is an opportune time to invest in real estate in Tulum and enjoy unbeatable rental income. It is also a way to diversify your financial portfolio with an attractive real estate investment.

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Riviera Maya “The Paradise” what to do? And how to settle in?

I. What is the Riviera Maya ? 

The Riviera Maya is a tourist area located along the Caribbean Sea in the state of Quintana Roo in Mexico. Geographically it extends along the coast for a distance of 130 km from the city of Puerto Morelos in the north to the city of Punta Allen in the south. The name was created in the early 1990s with the strategic development of this tourist destination, its hotel infrastructure and various attractions designed for foreign and Mexican tourists. This region is characterized by its paradisiacal beaches, ancestral Mayan temples, as well as its jungle and numerous caves that can be visited. Its splendor makes it today the most visited place in Mexico but also one of the most requested in all Latin America. On the other hand, the climate of the Riviera Maya is typically tropical, with more than 250 days of sunshine a year and an average temperature of 24°C.

view of a beach at Riviera Maya
view of a beach at Riviera Maya

 

II. The touristic places of Riviera Maya

– Tulum : On a cliff overlooking the Caribbean Sea, the ruins of the ancient Mayan city of Tulum are admirably preserved. It is the only Mayan city built in front of the sea and one of the few that has been fortified. You can also enjoy the impressive view of the sea, as well as swim in the many cenotes and underground rivers of Tulum.

– Xcaret : Xcaret is an ecopark dedicated to the conservation of nature and the enhancement of the archaeological heritage. The activities are multiple and varied, from swimming in the underground river to swimming with the dolphins and the magnificent show that takes place every night. The park is located 15 minutes by car from downtown Playa Del Carmen.

– Chichen Itza : Chichen Itza is an ancient Mayan city located between Valladolid and Merida in the Yucatan Peninsula, Mexico. Chichen Itza was probably the main religious center of the Yucatan in the 10th century and today remains one of the most important and most visited archaeological sites in the region. The site was classified as a World Heritage Site by UNESCO in 1988, and was voted one of the New Seven Wonders of the World on July 7, 2007.

– Rio Secreto is a wonderful cenote route with a guide who leads small groups of visitors through its maze. Although the Riviera Maya is full of underground routes, the experience at Rio Secreto is still unique. It is an authentic place compared to other parks in the area. After a transfer in a van, a short walk through the jungle and a Mayan ceremony, visitors enter a network of magnificent underwater caves.

– The islands of the Riviera Maya are also well known for the most part with for example Islas Mujeres which is an island in the Caribbean Sea about 13 km from the Yucatan Peninsula. This sublime island is about 7 km long and less than 1 km wide, with a rocky coast and a beautiful white sand beach. There is also Cozumel which is the largest island in the Riviera Maya, a destination with incredible places to visit, theme parks, good restaurants, beach clubs and much more. The island is 21 kilometers long and is surrounded by a large main road that you can take around the island!

 

chichen itza
chichen itza
cave exploration at Riviera Maya
cave exploration at Riviera Maya
sky's view of an island at Rivera Maya
sky’s view of an island at Rivera Maya

III. Why is the Riviera Maya an ideal place to live or invest? 

Moving to the Yucatan Peninsula has many advantages. First of all, the climate in this area is very sunny and warm all year round. As a result, the seasons are not very marked and the Riviera Maya remains a tourist destination all year round.

In addition, Mexico is a country where it is easy to integrate. In fact, Mexicans are generally very educated and good-hearted. They love meeting foreigners and this makes the Yucatan Peninsula a very cosmopolitan region.

In addition, the Riviera Maya includes many ancient cultural sites that attract other forms of tourism than sun tourism. Numerous temples and ruins of Mayan villages are present throughout the region and can be easily visited. It is also possible to meet the Mayan tribes, as many of them still exist in Quintana Roo.

Mexican gastronomy is also a reason to come to Mexico. In fact, Mexican cuisine is recognized worldwide for its specialties that can be found in many countries. As proof, it was registered at UNESCO in 2010, at the same time as that of France!

In addition, the purchasing power in Mexico is attractive and prices are generally lower than in most countries.

On the other hand, real estate investment in the Riviera Maya is very profitable due to the significant growth of the real estate market each year. In fact, the main tourist areas of the Riviera Maya are in constant development and owning a well located apartment in this area is a good investment because the demand is so strong that it is almost totally guaranteed that you can rent your property whenever you want.

house at Riviera Maya
house at Riviera Maya

IV. Century 21 The Agency has excellent properties to live or invest

Our agency is recognized for the quality of its real estate services thanks not only to the strength of our network but also to the relationship with our clients and the quality of the work of our staff.

Century 21 Playa Del Carmen Agency does everything possible to offer you the best properties and has a wide range of accommodations from studios to large villas.

Our long experience makes us a real connoisseur of the market to be able to advise you in the best possible way on your real estate project.

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 Will You Be An Expert In The Real Estate Market?

Real estate investment Playa del Carmen

 Will You Be An Expert In The Real Estate Market? Try These Tips First

Real estate investment Playa del Carmen ,Investing in real estate can be a great way to boost your income and provide a steady revenue stream. However, as with any investment, there are many pitfalls in the real estate market. You need to do your research before you put your hard-earned money at risk. Keep reading for some great advice.Speak with a real estate expert to help you with your plan and see whether or not there are holes in your strategy. This will help you to get a good idea of where you stand. And what you need to do to accomplish your goals. They may tear the plan apart and give you an alternative plan instead.

Remember that reputation is key in this realm of business. Because of this, you should always be honest with clients and stand by the things you say. Your reputation is what will make you a success or will quickly put you out of business.

Always be on time when you set up a meeting with a potential client. This will indicate that you mean business and will show no disrespect to your potential customer. Coming to a meeting late shows that you are unorganized and do not care about your customers, which will cause you to lose them.

Find people who know what they are doing and talk to them. There are many people interested in real estate investing. Business groups are beginning to form in many areas to serve the needs of real estate enthusiasts. There are Real Estate investment Playa del Carmen that you can go to talk to people. Join these groups and learn all that you can.

Do not burnout when you are getting into real estate investing. If you experience some success in the beginning, do not become obsessed with real estate. If you spend all of your time with this business, you will alienate your friends and family and burnout, which can cost a lot of money.

Make sure you have a budget when you invest in real estate that includes how much you’re going to have to pay to fix the home you’re buying up. You don’t want to blow all of your money on getting real estate just to find out that you can’t afford to fix it up.Real estate investment Playa del Carmen

When investing in residential real estate, make sure you know the neighborhood you are buying in. Some neighborhoods offer better resale potential, while others are better for long or short term rentals. By knowing your neighborhood, you can create a smart business plan that nets you the highest potential for future profits.

When considering what real estate to purchase, the word “location” should come to mind. However, many people forget to think about all the concerns that are factored into “location”. Find out all the information you can about the neighborhood, such as surrounding home values, crime rates, schools, employment and more.

Many people who are interested in buying and selling real estate join real estate clubs, and you should too! In this venue, you will find a high concentration of people who are interested in the properties you have to offer and/or who have properties on offer that you may really want. This is a great place to network, share your business cards and fliers and promote your business.Real estate investment Playa del Carmen

If you have an investment property, one of the most important things to have is an emergency fund for unexpected repairs or emergencies that might come up on the property. One way you can do this is by putting aside some of the monthly rental money you collect for this purpose.

Be selective in what properties you target. Look for low cost properties that hold wide potential or appeal. Avoid high-maintenance homes with extravagant gardens or swimming pools. Look for commercial properties that could house a number of different businesses with minimal remodeling. Funky floorplans are also something to stay away from.

Now that you have read this article, you should have a better understanding of the real estate game. Use the information that you have just read to make sure that you are able to avoid falling into common real estate traps. With this advice, you can realize a big return on your investment.Real estate investment Playa del Carmen

THE AGENCY

Real estate playa del carmen Mexico

You want to become the owner of one of the best caribbean properties ?

Welcome to The Agency Your secured and simplified solution to buy or invest in the Riviera Maya.

Our multilingual team will provide you exceptional and quick services, with full availability and commitment. Our real estate brokers who have been living here for more than 10 years,Real estate playa del carmen Mexico

will happily help you meet the property that perfectly fits your criteria.

Why should you choose Real estate playa del carmen Mexico ?

SAFETY

investing in a foreign country might be a hard decision to take : but don’t worry, we insure you total transparency and security of your transaction, with safe and trustworthy services.

RESPONSIBILITY

our entrepreneurial policy enables you to enjoy a real estate service that takes care of everything, from the beginning to the signature of the contract, and any further question even after.

CHOICE

you will be able to choose your property among our listing, one of the most important of the Riviera Maya.

AVAILABILITY

we provide you instantaneous communication by phone, email, or throughout our several social media.

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Why invest in the Riviera Maya ?

Why invest in Real estate in Riviera Maya Mexico ?

Playa del Carmen and the Riviera Maya have emerged as the most attractive tourist destinations in Mexico for investment in the real estate sector, with more than 21 thousand appraisals for the purchase of real estate during 2016, a growth of 14.0% annual rate, according to the president of the Colegio de Valuadores de Quintana Roo
Investing in real estate in Riviera Maya is more than just finding a place to call home. Investing in real estate has become increasingly popular over the last fifty years and has become a common investment vehicle.
Although the real estate market has plenty of opportunities for making profits, buying and owning real estate is a lot more complicated than investing in stocks and bonds. We’ll go beyond buying a home and introduce you to the investment in Playa del Carmen and the Riviera Maya.

Today, with the new changes of government, Mexico has promoted the development and growth potential of the country to become a prosperous region, invites business opportunities and leverage models such as safe investment for companies, industries and institutions.

 

Some reasons why Mexico is a leading country in the world …

– Privileged geographical location, because is located between the Atlantic and Pacific Oceans. The country is considered as the gateway to both North America and Latin America.

– Mexico is the 14th largest in the world and second in Latin America economy.

– 14th largest in the world Territory.

– Concentrate rule of law and institutional framework, which provides trust and investment security .

– Has soundness and economic stability.

– It has a wide network of Free Trade Agreements ( FTAs) with 44 countries, connecting it to a global market of over one billion consumers .

– An important infrastructure network in communication and transportation services.

– Is a manufacturing power, 80 % of exports are manufacturing.

– Mexico is opening new opportunities for growth, with the education, energy and hydrocarbon laws.

– It’s a country that invests in growth and economic development, to become a technological, manufacturing, industrial, and excellent quality of life leader.

Mexico is not only one of the most attractive investment destinations in Latin America. And is one of the best investment location worldwide.

If you want more informations about ” investing in the Riviera Maya”, do not hesite to contact us. We got numbers and statistics that can make you confident in the choice of investing in this beautiful region.

THE AGENCY

Real estate playa del carmen Mexico

You want to become the owner of one of the best caribbean properties ?

Welcome to The Agency Your secured and simplified solution to buy or invest in the Riviera Maya.

Our multilingual team will provide you exceptional and quick services, with full availability and commitment. Our real estate brokers who have been living here for more than 10 years,Real estate playa del carmen Mexico

will happily help you meet the property that perfectly fits your criteria.

Why should you choose Real estate playa del carmen Mexico ?

SAFETY

investing in a foreign country might be a hard decision to take : but don’t worry, we insure you total transparency and security of your transaction, with safe and trustworthy services.

RESPONSIBILITY

our entrepreneurial policy enables you to enjoy a real estate service that takes care of everything, from the beginning to the signature of the contract, and any further question even after.

CHOICE

you will be able to choose your property among our listing, one of the most important of the Riviera Maya.

AVAILABILITY

we provide you instantaneous communication by phone, email, or throughout our several social media.

 

 

 

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Playa del Carmen Development

Playa del Carmen Development

Playa del Carmen is the first city in the country to have its Urban Resilience Profile, which the Secretariat of Agrarian, Territorial and Urban Development delivered to the municipal government. It will allow the municipality to continue to develop specific policies for the prevention of natural phenomena risks. The framework of the United Nations organization’s global platform presented the document for Disaster Risk Reduction and developed based on research and studies carried out by the Universidad Mexiquense del Bicentenario in coordination with the municipality.
The Urban Resilience Profile considers aspects such as the choice of the type of trees planted in the city. Or for example, the specifics precautions for the laying of electric lines or data. And especially the management of plant species to favor their planting.

This is just the beginning. The other part is the responsibility given to each of the areas, both Urban Development, Environment, Planning, Public Safety. All of which entail the safety of people, the environment and of the goods and properties of the people.
Although the network of resilient cities already existed in Mexico since July 2016. Playa del Carmen is the first city to have the Urban Resilience Profile.

THE AGENCY

Real estate playa del carmen Mexico

You want to become the owner of one of the best caribbean properties ?

Welcome to The Agency Your secured and simplified solution to buy or invest in the Riviera Maya.

Our multilingual team will provide you exceptional and quick services, with full availability and commitment. Our real estate brokers who have been living here for more than 10 years,Real estate playa del carmen Mexico

will happily help you meet the property that perfectly fits your criteria.

Why should you choose Real estate playa del carmen Mexico ?

SAFETY

investing in a foreign country might be a hard decision to take : but don’t worry, we insure you total transparency and security of your transaction, with safe and trustworthy services.

RESPONSIBILITY

our entrepreneurial policy enables you to enjoy a real estate service that takes care of everything, from the beginning to the signature of the contract, and any further question even after.

CHOICE

you will be able to choose your property among our listing, one of the most important of the Riviera Maya.

AVAILABILITY

we provide you instantaneous communication by phone, email, or throughout our several social media.

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Why do we use a drone

Why the AGENCY Real estate  Playa Del Carmen use Drone

The AGENCY real estate Playa del Carmen use drone, the drone, an innovative solution known for its unprecedented shots in difficult accessible places. Its attractive advantages more and more professionals, including those of real estate.
The AGENCY real estate Playa del Carmen  is the first real estate agency which propose this service. We deeply think the visual is very important on the Internet and on social networks.
With the drone, we obtain aerial views up to 150 meters (authorized limit) with a complete view of the environment. The camera also makes it possible to film hard-to-reach places such as the seaside, cliff or forest properties. We capture images that were previously unattainable, in addition to obtaining innovative visuals that attract the eye. On a minute of video, we can give all important information before even making a pre-visit.

 

The AGENCY real estate

THE AGENCY

Real estate playa del carmen Mexico

You want to become the owner of one of the best caribbean properties ?

Welcome to The Agency Your secured and simplified solution to buy or invest in the Riviera Maya.

Our multilingual team will provide you exceptional and quick services, with full availability and commitment. Our real estate brokers who have been living here for more than 10 years,Real estate playa del carmen Mexico

will happily help you meet the property that perfectly fits your criteria.

Why should you choose Real estate playa del carmen Mexico ?

SAFETY

investing in a foreign country might be a hard decision to take : but don’t worry, we insure you total transparency and security of your transaction, with safe and trustworthy services.

RESPONSIBILITY

our entrepreneurial policy enables you to enjoy a real estate service that takes care of everything, from the beginning to the signature of the contract, and any further question even after.

CHOICE

you will be able to choose your property among our listing, one of the most important of the Riviera Maya.

AVAILABILITY

we provide you instantaneous communication by phone, email, or throughout our several social media.

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