Punto Chapultepec
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Overview
An iconic 59-floor skyscraper under development on Paseo de la Reforma in Mexico City. It will house a hotel on the lower floors and over 50 luxury residences on the upper floors, with expected completion in 2025.
Building/Community Amenities
No specific amenities listed.
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
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contacto@marhnos.com.mx
Contact DeveloperMention property ID: Punto Chapultepec when contacting.