Once the construction completes the developer in Mexico needs to have a “condominium regime” established and registered at the local Public Registry of land. There can be also construction linked payment or monthly payment plans. The process usually requires a booking amount ranging from $5,000 up to $10,000 USD to be paid beforehand. This Condominium regime defines the private realestate areas, the common realestate areas and the rules governing the use and holding of both areas. A feature of Mexico realestate market is for purchasers to buy Mexican land “off the plan”, [...]
Malibu Real Estate
Information is deemed reliable but not guaranteed.