Elite Residences – Parque La Mexicana
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Overview
A luxury tower fronting La Mexicana Park in Mexico City's Santa Fe district. The 50+ story building offers large apartments and full concierge services, with delivery in 2025.
Building/Community Amenities
- Balcony / Patio / Terrace
- Business Center / Co-working Space
- City View
- Fitness Center / Gym
- Park
- Parking
- Pool
- Spa / Wellness Center
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Property Ownership Laws: Foreigners can buy property in Mexico, although there are restrictions on owning land within 100 kilometers of the border or 50 kilometers of the coast. In these zones, foreigners must use a bank trust (fideicomiso) to hold the property.
Tax Considerations
Property Taxes
property taxes include a purchase tax (ISAI), typically around 2-4% of the property's value, and an annual property tax (predial), which is relatively low compared to international standards
Transfer Tax
purchase tax (ISAI), typically around 2-4% of the property's value, and an annual property tax (predial), which is relatively low compared to international standards
Inheritance Tax
Capital gains tax is applicable on the sale of a property, generally at a rate of 35% on the profit, although exemptions and deductions may apply
Important Considerations
Restrictions
- Property Ownership Laws: Foreigners can buy property in Mexico, although there are restrictions on owning land within 100 kilometers of the border or 50 kilometers of the coast. In these zones, foreigners must use a bank trust (fideicomiso) to hold the property.
- Foreign Buyer Restrictions: While fideicomiso arrangements allow foreign ownership in restricted zones, outside these areas, foreigners can hold the property directly in their name without additional restrictions.
Required Documents
Financing Options
Financing Options
Financing in Mexico
Mexico offers a variety of property financing options for foreign buyers, making it an attractive market for international real estate investments. With loan-to-value ratios typically ranging from 50% to 70%, foreign buyers can secure competitive mortgage rates through both local banks and developer financing. The country's growing economy, coupled with its popular tourist destinations, makes it an appealing choice for those looking to invest in vacation homes or rental properties. Understanding the financing landscape in Mexico is essential for securing the best terms and maximizing investment potential.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income
- 3Recent bank statements
- 4Credit history report
- 5Mexican bank account
- 6Mexican tax ID number (RFC)
- 7Possibly a Mexican co-signer
Popular Lenders
Contact Information
52) 55 5284 0030
investor@fibradanhos.com.mx
Contact DeveloperMention property ID: Elite Residences – Parque La Mexicana when contacting.