La Region | Land for sale for Sale in Merida

Home

Mexico

Merida

La Region

Available :

Phase 1

Ready to move in

Earliest Delivery: Ready to move in

Compare

1/8

Video

Property details

Prices and Availability

From: MX $ 1 051 360

Merida, Yucatan, Mexico

56 lots available / 107 total lots

Property type: land

Delivery date :

Ready to move in

HOA Fees :

MX $ 3500 / month

Property Description

FALL IN LOVE WITH LIFE AND LIVE THE QUIETNESS. MERIDA IS FOR YOU.

Located in Merida, the capital of Yucatan, which brings togetherthe perfect balance between
nature and urbanization, between tradition and modernity. One of the safest cities in Latin
America to live, do business and enjoy life. A few minutes away from the fine sandy beaches and

crystalline waters found along the coast. The city that is on the lips of the world for its exponential development, offers a wide variety of cultural events, museums, galleries, gastronomy, among many attarctions, and most importantly, it is always present it culture and tradition.

ENJOY THE FRESH AIR, THE BLUE SKIES AND LIVE A LIFE OF QUIETNESS AND SERENITY. MÉRIDA CAN GIVE YOU THAT AND MORE, AN ENVIRONMENT AND A SPACE FOR YOU TO BREATHE YOUR FREEDOM.

Phases & Delivery

Phase 1 : Ready to move in

Amenities

Features

Closing in pesos

Amenities

Gym

Hammock

Kids Club

Paddle Court

Playground Area

Pool

Snack Bar

Soccer Field

Yoga Lounge

HOA Fees :

See Unit

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

January 2024

Phase 4 - Delivery in January 2024

May 2023

Phase 5 - Delivery in May 2023

Points of Interest

Airport

Mérida International Airport (MID)

21.5 km

Train Station

Mayan Train - Teya Mérida

29.1 km

Bus Station

ADO Caucel City

8.4 km

Hospital

CHRISTUS MUGUERZA Hospital Faro del Mayab

14.0 km

Public Beach

Puerto Chelem

17.0 km

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.

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.