Centro Internacional de Convenciones de Cancún
Blvd. Kukulkan KM 9 Piso 1 Oficina: 01
Zona Hotelera CP 77500
Cancun, Quintana Roo, México
Campo Magno
Campo Magno
Available :
Phase 1
-
Ready to move in
Earliest Delivery: Ready to move in
Compare
1/23
Property details
Prices and Availability
From: MX $ 2 855 358
Merida, Yucatan, Mexico
20 lots available / 86 total lots
Property type: land
Delivery date :
Ready to move in
HOA Fees :
MX $ 4500 / month
Property Description
Merida, ranked as the second safest city in the Americas and one of the safest in the world, has proven to be one of the fastest growing cities in the republic in the last 10 years, thanks to its excellent quality of life and economic potential, has generated national and transnational companies to set their eyes on the Yucatan capital.
Its strategic location, close to ports and access roads, gives it great commercial importance. All this is reflected in the city’s infrastructure and its state economy. It is a reference of peace, tranquility and security. The streets of Merida shine with the colorful facades of colonial architecture, but it is also steeped in Mayan history.
HERE THE QUALITY OF LIFE IS DIFFERENT; BEING A STATE WITH HIGH SAFETY STANDARTS, PEOPLE SPENDS THEIR DAYS WITHOUT CONCERNS.
CAMPO MAGNO BORN WITH THE PURPOSE OF SYNTHESIZING ALL THAT IS BEATIFUL AND EXCEPTIONAL ABOUT MEXICAN IDENTITY, A CONCEPT THAT COME TO LIVE IN A RESIDENCIAL AREA DESIGNED FOR THE WELL-BEING OF YOUR FAMILY
Phases & Delivery
Phase 1 : Ready to move in
Amenities
Features
Pet Friendly
Outdoor parking
Closing in pesos
Amenities
Coworking Space
Dog Park
Event Room
Gym
Kids Club
Massage Room
Paddle Court
Playground Area
Pool
Reception Desk/Lobby
Restaurant
Sauna
Snack Bar
Soccer Field
Terrace
HOA Fees :
MX $ 4500 / month
Development
Construction progress
October 2024
Phase 1 - Delivery in October 2024
July 2024
Phase 2 - Delivery in July 2024
May 2024
Phase 3 - Delivery in May 2024
February 2024
Phase 4 - Delivery in February 2024
January 2024
Phase 5 - Delivery in January 2024
Points of Interest
Airport
Mérida International Airport (MID)
23.3 km
Train Station
Mayan Train - Teya Mérida
24.3 km
Bus Station
ADO Caucel City
12.7 km
Hospital
CHRISTUS MUGUERZA Hospital Faro del Mayab
10.1 km
Public Beach
Cancunito
15.9 km
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Frequently Asked Questions
Can a foreigner own real estate in Mexico?
Absolutely! The key distinction in the buying process is the use of a trust or fideicomiso. It is required to acquire property or land in the Restricted Zone. The restrcited zone is 100 km from the border with another country and 50km from the coastline.
What is the restricted zone?
100 km from national borders and 50 km from the coastline.
What is a Fideicomiso?
It is a trust system ownership sanctioned by the Mexican government and secured by the Central Bank of Mexico.
In very simple terms, the foreign buyer is the beneficiary of that trust.
It is 50-year perpetually renewable and transferable bank trust.
The beneficiary of the trust has ALL the rights commonly enjoyed by a Mexican owner (use, sell, lease, etc)
It means irrevocable and absolute ownership rights to the property; the bank CANNOT sell the property without written consent of the beneficiary. The Mexican Bank Trust only holds the property title for the beneficiary but doesn't have any rights over the property.
It is important to mention that a lot of Mexican nationals go for a trust based ownership as it clearly states the beneficiaries in case of death.
In very simple terms, the foreign buyer is the beneficiary of that trust.
It is 50-year perpetually renewable and transferable bank trust.
The beneficiary of the trust has ALL the rights commonly enjoyed by a Mexican owner (use, sell, lease, etc)
It means irrevocable and absolute ownership rights to the property; the bank CANNOT sell the property without written consent of the beneficiary. The Mexican Bank Trust only holds the property title for the beneficiary but doesn't have any rights over the property.
It is important to mention that a lot of Mexican nationals go for a trust based ownership as it clearly states the beneficiaries in case of death.
Why is the use of a trust required?
In the 1917 Mexican Constitution, foreign ownership was forbidden in the Restricted zone because of Mexico's long history of land ownership dominated by foreigners (article 27). In 1973, a series of foreign investment laws were implemented as the Mexican government saw that foreign investment could have a positive impact on the economy. As a result of the relaxation of the laws on foreign investment, the trust system was created in 1993. Overall, it was much easier to create a trust system for foreign ownership than completely changing the Mexican Constitution.
Our mission is to provide superior service to our clients by facilitating the buying process in Mexico, ensuring that their property needs are met and investing in that which brings the greatest rate of return.
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