Vorá

Vorá

Available :

Phase 1

-

Ready to move in

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Property details
Prices and Availability
From: MX $ 1 990 000
informations
Temozon Norte, Merida, Yucatan, Mexico
12 units available / 27 total units
Property type: condo
1 bed unit available

Delivery date :

Ready to move in

HOA Fees :

MX $ 2650 / month

Property Description

It is a complex that consists of 27 exclusive apartments located in Temozón Norte, Yucatán, an area of high capital gains due to its constant growth. It is located less than 10 minutes from hospitals, shopping centers and universities first level. Likewise, you can have an easy access to the peripheral ring, as well as other main avenues of the city. Each department has spaces perfectly distributed, luxury finishes and ideal lighting so you can enjoy of a comfortable and pleasant stay.

Phases & Delivery

Phase 1 : Ready to move in

Amenities

Features

Controlled Access
Gated Community
Internet
Water Softener System
Closing in pesos
Outdoor parking

Amenities

Garden
Coworking Space
Lounge Area
Reception Desk/Lobby
HOA Fees :
MX $ 2650 / month

Payment Plans

Option 1
At Signing20 %
During Construction-
At Delivery80 %
At Deeding-
Discount-

Development

Construction progress

July 2024

Phase 1 - Delivery in July 2024

May 2024

Phase 2 - Delivery in May 2024

April 2024

Phase 3 - Delivery in April 2024

March 2024

Phase 4 - Delivery in March 2024

February 2024

Phase 5 - Delivery in February 2024

January 2024

Phase 6 - Delivery in January 2024

November 2023

Phase 7 - Delivery in November 2023

Finishings

Points of Interest

Airport
Mérida International Airport (MID)
14.3 km
Train Station
Mayan Train - Teya Mérida
17.7 km
Bus Station
ADO Altabrisa
5.9 km
Hospital
CHRISTUS MUGUERZA Hospital Faro del Mayab
2.4 km
Public Beach
Cancunito
14.3 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.

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.