Cancun, Mexico never fails to surprise it's admirers. Be it's beautiful beaches or best of Mexico Real Estate. Cancun not only boasts of natural scenic beauty but also marvellous man made structures. Cancun's stunning beaches must be seen to be believed: silky smooth sugar-white sand, lapped by the turquoise and emerald waters of the Caribbean. Now, you also can have a luxurious abode in this paradise. The latest in it's offering is LAHIA “OCEAN LAGUNA RESIDENCES + SPA” , is a full ownership residential condominium complex with Gran Turismo quality and services. Lahia will be a jewel in the crown of the Cancun Real Estate market.
It boasts of 140 m of Caribbean Mexico Beachfront. Five Towers with 166 apartments. 10 Exclusive 2-level penthouses. There are 8 luxurious villas. It has large common areas that have gardens, lawns, children games, tennis courts, swimming pool, private streets, Palapa Bar, Outdoor reception area, Spa, Sky rom, 232 parking slots and security controlled access.
The high standard of construction and architectural quality ensures that building will withstand winds up to 300 Kph. The windows used are certifies to withstand 250 kph using tempered and/or layered glass. The complex is protected by a reinforced concrete containment wall with deep pile foundation running along the entire ocean front of the property. To minimize the risk of flood damage the parking area is located above street level. Similarly, the lobby, swimming pools abd gardens are protected from any type of flooding since they are located 6-7 m above sea level. The buildings are also equipped with emergency power generator for common areas. Each level is equipped with Fire hoses and extinguishers. All the buidlings are completely secure with controlled, 24 hr security throughout the year. All apartments are linked through Intercom.
Lahia has 5 Towers :-
Tower 1 “Agua”
Contains two apartment types per floor, the “01” “Breeze” Category (12 apartments), and the “02” “Wind” Category (10 apartments). There is also a two level villa on the lower floor and 2 two-level penthouses on the topmost floors, in addition to common areas.
Tower 2 “Mar”
Contains two apartments types per floor, the “01” and “02” “Breeze” Category ( 24 apartments ), also contains 2 to floor villas on the ground floor and 2 penthouses on the topmost floors, in addition to common areas.
Tower 3 “Fuego”
Contains two apartment types per floor the “01” and “02” “Breeze” Category ( 24 apartments ), There is also 2 two-floor villas on the ground floor and 2 two-floor pehthouses on the topmost floors, in addition to common areas.
Tower 4 “Aire”
Contains two apartment types per floor, the “01” “Mist” Category ( 12 apartments), and the “02” “Cloud” Category ( 12 apartments ). There is also 2 two-floor villas on the ground floor and 2 two-floor penthouses on the topmost floors, in addition to common areas.
Tower 5 “Tierra”
Contains two apartment types per floor, the “01” “Mist” Category ( 12 apartments ), and the “02” “Cloud” Category ( 12 apartments ). There is also 2 two-floor villas on the ground floor and 2 two-floor penthouses on the topmost floors, in addition to common areas.
Lahia has the following types of Apartments :-
1) “Wind” Category - 206 m 2 (Agua and Mar. Towers ). 3 bedrooms 2 Bathrooms, Kitchen , Living Room, Dining Room, Terrace, Laundry Area, Help's room or den.
2) “Breeze” Category - 232 m 2 (Agua, Mar and Fuego Towers ),243 m 2 (Fuego, Tower, Levels 4 and 5), 3 Bedrooms, 3 Bathrooms, Kitchen, Living Room, Dining Room, Terrace, Laundry Area, Help's room or den.
3) “Cloud” Category - 264 m 2 ( Aire Tower , Levels 3 through 9 and 15), 287 m 2 ( Aire Tower , Levels 10 through 14), 264 m 2 ( Tierra Tower , Levels 3 and 6 through 15),277 m 2 ( Tierra Tower , Levels 4 and 5),3 Bedrooms, 3 Bathrooms, Kitchen, Living Room, Dining Room, Terrace, Laundry Area, Help's room or den.
4) “Mist” Category - 292 m 2 ( Aire Tower , Level 3 through 9 and 15), 292 m 2 ( Tierra, Levels 3 and 6 through 15 ), 303 m 2 ( Tierra Tower , Levels 4 and 5 ), 309 m 2 ( Tierra Tower , levels 10 through 14 ), 3 Bedrooms, 3 Bathrooms, Kitchen, Living Room, Dining Room, Terrace, Family Room, Laundry Area, Help's Room or den.
All units have Built-in kitchen cabinets with a granite counter, neutral color; includes grill, extractor and a sink. Bathrooms have Ceramic toilet and sink in white. Travertine type marble countertop, beige or similar color, includes faucets and shower accessories. Sliding aluminum shower door with tempered glass and white colored ceramic tiles on shower walls. Closets are Modular type made of mahogany or similar pressed wood, varnish or acrylic finish, with shelf and hanger tube, one chest with drawers and shelves for each closet, no doors. Laundry Area is 30 x 30 cm floor tiles white or clear colored ceramic floor tiles. Includes basin and gas fired water heater.
Terrace have 30 x 30 cm floor tiles color coordinated with the apartment, white whirlpool bath.
Floors have white or beige ceramic tiles. Tiles in main areas of measure 40 x 40 cm, and 30 x 30 cm in bathrooms, closets and service area. Includes baseboard.
Doors are drum type smooth plywood with frame, half wall frames, door locks and natural colored varnish finish. Interior walls and ceilings are made of sheetrock and finished with a single coat of beige or clear colored acrylic vinyl paint. Air Conditioning System is based on one or more compressors/condensers, depending on apartment area, located in the laundry area, hidden ceiling ducts and grills.
The apartment prices start at $ 700,000 up to $ 950,000 USD.
Thursday, July 26, 2007
Monday, July 16, 2007
ISOLA CANCUN (Beach front Condos for sale in Puerto Cancun)
Isola Cancun will be the latest address for High luxury Lifestyle in Cancun. Located 8 minutes from down town Cancun is Isola cancun. This will comprise of 5 towers with 20 storey each. There will be a total of 160 beautiful condominiums, constructed over an area of 190,817 sq.ft.
This ambititous project is in Puerto Cancun, a large residential development located in Bay of Isla Mujeres.
Isola Cancun equipped with all amenities and offers the best in high luxury living. Located on Ocean front, it offers a Tom Weiskopf Championship Resort Golf Course, a private marina, a gated single family residential area, 5 resorts and shopping center.
It has unique arcitecture which ensures that each development has absolute privacy and large facades with spectacular views of cancun city, hotel zone and golf course. Each has a direct elevator service to each department. Isola cancun also has garden areas, 2 infinity pools with jacuzzi, snack bar, tennis court and a spectacular view of the golf course. Sound proof units and the windows can with stand up to 250 mph winds. Germany design and the best of the best.
How to Buy in Isola Cancun :- Pre sales are in effect with only 30% down payment and no other payments until completed. All condo units in Isola Cancun will appreciate to more than 300% in less than 3 years. It has free Title insurance and kitchen apppliances. Realty Executives Mexican Caribbean is providing U.S.Mortgage loans!! It has been 3 weeks into selling and already 42% sold out for the first tower. If you always dreamt of investing in Cancun real Estate then here is your chance to get the most sought out Real Estate in Cancun. Don't waste this golden opportunity.
This ambititous project is in Puerto Cancun, a large residential development located in Bay of Isla Mujeres.
Isola Cancun equipped with all amenities and offers the best in high luxury living. Located on Ocean front, it offers a Tom Weiskopf Championship Resort Golf Course, a private marina, a gated single family residential area, 5 resorts and shopping center.
It has unique arcitecture which ensures that each development has absolute privacy and large facades with spectacular views of cancun city, hotel zone and golf course. Each has a direct elevator service to each department. Isola cancun also has garden areas, 2 infinity pools with jacuzzi, snack bar, tennis court and a spectacular view of the golf course. Sound proof units and the windows can with stand up to 250 mph winds. Germany design and the best of the best.
How to Buy in Isola Cancun :- Pre sales are in effect with only 30% down payment and no other payments until completed. All condo units in Isola Cancun will appreciate to more than 300% in less than 3 years. It has free Title insurance and kitchen apppliances. Realty Executives Mexican Caribbean is providing U.S.Mortgage loans!! It has been 3 weeks into selling and already 42% sold out for the first tower. If you always dreamt of investing in Cancun real Estate then here is your chance to get the most sought out Real Estate in Cancun. Don't waste this golden opportunity.
Wednesday, July 11, 2007
How to buy Mexican real estate using Bank trust, "Fideicomiso"
Mexico Real Estate is always in high demand especially among American citizens. But there are some laws that any foreigner interested in Buying Real Estate in Mexico should be familiar with. Though under Mexican law, foreigners may obtain direct ownership of Mexican property in the interior of Mexico, foreigners cannot acquire direct ownership of residential property within the area 100 kilometers from the border and 50 kilometers from the coastline. This zone in Mexico is known as the "Restricted Zone". But there is an indirect way to purchase and enjoy Mexican property in the restricted zone through a Bank Trust or "Fideicomiso" authorized by the Government of Mexico. Fideicomiso is the legal equivalent of deeded ownership (commonly referred to in the U.S. as fee simple)
Earlier, foreigners were barred from owning Property in Mexico but With the North American Free Trade Agreement beginning January 1, 1994, the Foreign Investment Act of 1993 was passed by the Mexican congress to promote foreign investment into Mexico. This law allowed foreigners to own 100% of the shares of a corporation and purchase property. As a foreigner, you can acquire irrevocable and absolute ownership rights to Property in Mexico through a 50 year, and can be renewed every 50 years indefinitely, perpetually irrevocable and transferable Fideicomiso Trust. This enabled foreigners, as beneficiaries of the trusts, to legally enjoy unrestricted use of land located in the restricted area.
The Fideicomiso has couple of advantages of the bank trust. One is avoidance of probate and teh second is transfer tax upon sale of Real Estate in Mexico.
How it works. Upon the purchase of Real Estate in Mexico through a Fideicomiso, the Mexican government issues a permit to a Mexican bank of the buyer's choice. The property Title is then delivered to a Mexican Bank which acts a "Trustee". The Bank then designates the buyers as the beneficiary of the trust. The beneficiary now can use the property. The Beneficiary has the same rights to lease, mortgaging, selling, inheriting, willing and improving the land as any other Real Estate owner in Mexico.
What Does a Bank do? There are selected banks that are authorized by the Mexican government to hold the Real Estate Fideicomiso. The process of getting authorization is very strict. The bank reviews property documents to ensure that they are complete and legal. Remember, you can tarnsfer Fideicomiso to any authorised Bank. The Property bought in Mexico under Fideicomiso cannot be expropriated by Mexican Government except for public purpose. In such cases Mexican Government has to pay market price with any interest accrued.
What does it costs? The costs incurred include:-
1) Permit Fees from Secretary of Foreign Affairs, Mexico
2) Registration fees with National registry, Mexico City
3) Annual Administration fees for the first year (depending on the bank)
4) The Bank acceptance Fees
5) 10% IVA tax
6) Closing costs which include the title search, appraisal fees, notary fees for the deed, tax certificate, filing fees, transfer taxes(2% of the purchase price) and recording fees.
Hope this clears lot of doubts from a prospective Foreigner Buyer interested in Buying Real Estate in Mexico. If you still need a few questions answered about how it works, please call us. We will be happy to go over it personally.
Earlier, foreigners were barred from owning Property in Mexico but With the North American Free Trade Agreement beginning January 1, 1994, the Foreign Investment Act of 1993 was passed by the Mexican congress to promote foreign investment into Mexico. This law allowed foreigners to own 100% of the shares of a corporation and purchase property. As a foreigner, you can acquire irrevocable and absolute ownership rights to Property in Mexico through a 50 year, and can be renewed every 50 years indefinitely, perpetually irrevocable and transferable Fideicomiso Trust. This enabled foreigners, as beneficiaries of the trusts, to legally enjoy unrestricted use of land located in the restricted area.
The Fideicomiso has couple of advantages of the bank trust. One is avoidance of probate and teh second is transfer tax upon sale of Real Estate in Mexico.
How it works. Upon the purchase of Real Estate in Mexico through a Fideicomiso, the Mexican government issues a permit to a Mexican bank of the buyer's choice. The property Title is then delivered to a Mexican Bank which acts a "Trustee". The Bank then designates the buyers as the beneficiary of the trust. The beneficiary now can use the property. The Beneficiary has the same rights to lease, mortgaging, selling, inheriting, willing and improving the land as any other Real Estate owner in Mexico.
What Does a Bank do? There are selected banks that are authorized by the Mexican government to hold the Real Estate Fideicomiso. The process of getting authorization is very strict. The bank reviews property documents to ensure that they are complete and legal. Remember, you can tarnsfer Fideicomiso to any authorised Bank. The Property bought in Mexico under Fideicomiso cannot be expropriated by Mexican Government except for public purpose. In such cases Mexican Government has to pay market price with any interest accrued.
What does it costs? The costs incurred include:-
1) Permit Fees from Secretary of Foreign Affairs, Mexico
2) Registration fees with National registry, Mexico City
3) Annual Administration fees for the first year (depending on the bank)
4) The Bank acceptance Fees
5) 10% IVA tax
6) Closing costs which include the title search, appraisal fees, notary fees for the deed, tax certificate, filing fees, transfer taxes(2% of the purchase price) and recording fees.
Hope this clears lot of doubts from a prospective Foreigner Buyer interested in Buying Real Estate in Mexico. If you still need a few questions answered about how it works, please call us. We will be happy to go over it personally.
Mexican real estate
Mexico Real Estate is always in high demand especially among American citizens. But there are some laws that any foreigner interested in buying Real Estate in Mexico should be familiar with. Though under Mexican law, foreigners may obtain direct ownership of Mexican property in the interior of Mexico, foreigners cannot acquire direct ownership of residential property within the area 100 kilometers from the border and 50 kilometers from the coastline. This zone in Mexico is known as the "Restricted Zone". But there is an indirect way to purchase and enjoy Mexican property in the restricted zone through a Bank Trust or "Fideicomiso" authorized by the Government of Mexico. Fideicomiso is the legal equivalent of deeded ownership (commonly referred to in the U.S. as fee simple)
Earlier, foreigners were barred from owning Property in Mexico but With the North American Free Trade Agreement beginning January 1, 1994, the Foreign Investment Act of 1993 was passed by the Mexican congress to promote foreign investment into Mexico. This law allowed foreigners to own 100% of the shares of a corporation and purchase property. As a foreigner, you can acquire irrevocable and absolute ownership rights to Property in Mexico through a 50 year, and can be renewed every 50 years indefinitely, perpetually irrevocable and transferable Fideicomiso Trust. This enabled foreigners, as beneficiaries of the trusts, to legally enjoy unrestricted use of land located in the restricted area.
The Fideicomiso has couple of advantages of the bank trust. One is avoidance of probate and teh second is transfer tax upon sale of Real Estate in Mexico.
How it works. Upon the purchase of Real Estate in Mexico through a Fideicomiso, the Mexican government issues a permit to a Mexican bank of the buyer's choice. The property Title is then delivered to a Mexican Bank which acts a "Trustee". The Bank then designates the buyers as the beneficiary of the trust. The beneficiary now can use the property. The Beneficiary has the same rights to lease, mortgaging, selling, inheriting, willing and improving the land as any other Real Estate owner in Mexico.
What Does a Bank do? There are selected banks that are authorized by the Mexican government to hold the Real Estate Fideicomiso. The process of getting authorization is very strict. The bank reviews property documents to ensure that they are complete and legal. Remember, you can tarnsfer Fideicomiso to any authorised Bank. The Property bought in Mexico under Fideicomiso cannot be expropriated by Mexican Government except for public purpose. In such cases Mexican Government has to pay market price with any interest accrued.
What does it costs? The costs incurred include:-
1) Permit Fees from Secretary of Foreign Affairs, Mexico
2) Registration fees with National registry, Mexico City
3) Annual Administration fees for the first year (depending on the bank)
4) The Bank acceptance Fees
5) 10% IVA tax
6) Closing costs which include the title search, appraisal fees, notary fees for the deed, tax certificate, filing fees, transfer taxes(2% of the purchase price) and recording fees.
Hope this clears lot of doubts from a prospective Foreigner Buyer interested in buying Real Estate in Mexico. If you still need a few questions answered about how it works, please call us. We will be happy to go over it personally.
Earlier, foreigners were barred from owning Property in Mexico but With the North American Free Trade Agreement beginning January 1, 1994, the Foreign Investment Act of 1993 was passed by the Mexican congress to promote foreign investment into Mexico. This law allowed foreigners to own 100% of the shares of a corporation and purchase property. As a foreigner, you can acquire irrevocable and absolute ownership rights to Property in Mexico through a 50 year, and can be renewed every 50 years indefinitely, perpetually irrevocable and transferable Fideicomiso Trust. This enabled foreigners, as beneficiaries of the trusts, to legally enjoy unrestricted use of land located in the restricted area.
The Fideicomiso has couple of advantages of the bank trust. One is avoidance of probate and teh second is transfer tax upon sale of Real Estate in Mexico.
How it works. Upon the purchase of Real Estate in Mexico through a Fideicomiso, the Mexican government issues a permit to a Mexican bank of the buyer's choice. The property Title is then delivered to a Mexican Bank which acts a "Trustee". The Bank then designates the buyers as the beneficiary of the trust. The beneficiary now can use the property. The Beneficiary has the same rights to lease, mortgaging, selling, inheriting, willing and improving the land as any other Real Estate owner in Mexico.
What Does a Bank do? There are selected banks that are authorized by the Mexican government to hold the Real Estate Fideicomiso. The process of getting authorization is very strict. The bank reviews property documents to ensure that they are complete and legal. Remember, you can tarnsfer Fideicomiso to any authorised Bank. The Property bought in Mexico under Fideicomiso cannot be expropriated by Mexican Government except for public purpose. In such cases Mexican Government has to pay market price with any interest accrued.
What does it costs? The costs incurred include:-
1) Permit Fees from Secretary of Foreign Affairs, Mexico
2) Registration fees with National registry, Mexico City
3) Annual Administration fees for the first year (depending on the bank)
4) The Bank acceptance Fees
5) 10% IVA tax
6) Closing costs which include the title search, appraisal fees, notary fees for the deed, tax certificate, filing fees, transfer taxes(2% of the purchase price) and recording fees.
Hope this clears lot of doubts from a prospective Foreigner Buyer interested in buying Real Estate in Mexico. If you still need a few questions answered about how it works, please call us. We will be happy to go over it personally.
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