Is it a good idea to invest in real estate in Quintana Roo?
Investing in real estate is one of the safest, most successful, and profitable ways to increase your money, guarantee your profits in the medium and long term, with the aim of achieving your financial freedom. It is a smart strategy because you will be able to rent the property you acquire or sell it at your convenience.
In Mexico, the real estate market has proven to be one of the strongest and most stable, even in times of crisis, without showing a major impact; one of its great benefits is the increase of value over the years.
Before investing in real estate, you should take into consideration the following factors: location, area, economic outlook, as well as future investment plans, and programs for the growth of the entity.
Let us explain to you why investing in Quintana Roo is a good idea:
Square meter price
- Quintana Roo has the third place in cost per square meter built in the country, this allows you to have greater profitability.
Inflation level
- Despite the economic conditions resulting from the pandemic during 2020, Quintana Roo has kept controlled inflation.
Infrastructure and investment
- The intense activity of the tourism and services sector generates economic conditions that favor the development of Quintana Roo, which translates into better employment opportunities and quality of life for its population.
Regulation and security for the investor
- Laws and regulations have been implemented to regulate the establishment of new industries and provide certainty to national and international investors, leading to a favorable impact on the growth of Quintana Roo, and guaranteeing security and legal transparency.
Business support in Quintana Roo
- The government of Quintana Roo offers loans and financial products to companies that are dedicated to innovation. Programs have been created to streamline the procedures necessary to develop any project, maximizing the value of products and services.
Competitive workforce
- Labor costs in Quintana Roo are low due to migration, a situation that benefits the profitability and productivity of companies, as well as the remuneration and generation of new sources of employment.
Specialized human resources
- Quintana Roo has 15 universities throughout the state geography.
Tourism destination
- Quintana Roo is the main tourist area in Mexico and Latin America and has an influx of more than 12 million national and foreign tourists.
Connectivity
- Quintana Roo’s connectivity is based on three international airports (the second most important airport in México is in Cancun), twelve aerodromes, more than five thousand kilometers of highway, five cruise terminals, and a port for the transportation of massive merchandise.
Forestry sector
- This area has a great potential for exploitation with 9.2 million acres of tropical forests, of which 1.8 million acres have exploitation permits and 531 thousand acres are labeled as a "Green Seal Program".
Quintana Roo is a land of opportunities for investors like you. If you are already looking for options in the Mexican Caribbean, at Defend Abogados we can provide you with legal services and advice in all types of real estate operations; analyzing, designing, structuring, and implementing solutions throughout the value chain of the real estate sector.
To guarantee the legality and validate any of your real estate transactions, it is necessary to verify their urban and registry status, the legal and administrative situation of the property before your acquisition or sale. You must prepare previous contracts and even verify the best strategy of the payment transaction (among other requirements).
Real estate closings cover a wide range of branches of law that directly or indirectly converge in a transaction of this nature, it is not always a sale transaction but there are different operations that derive from the real estate sector, such as leasing itself, donation, among others, so each case must be treated according to its particularities and needs.
To verify the legal status, state the legal situation in which the property is under, and to be able to share legal advice regarding whether or not it is recommended to buy or sell any property, we will require to review and analyze the following documentation:
- A public deed that contains the proof of ownership of the asset subject to the transaction.
- Official identifications of the parties interested.
- General information of those interested or involved in the investment or real estate transaction: age, nationality, occupation, home address, RFC (Federal Taxpayer Registration), CURP (Unique Population Registry Code).
- Updated cadastral certificate of the property.
- Property tax payment of the real estate subject to the investment or transaction.
- A Certificate of Release of Federal Tax Lien.
- Property appraisal prior to the transaction.
The real estate deal close will be finalized until the formalization of the transaction by signing the appropriate legal documentation, either in a public deed passed before the authentication of the corresponding notary public or the contract that adjusts to the particularities of each transaction, duly registered with the Public Registry of the Property and Commerce of the corresponding locality.
We solve and reduce any risk that may emerge in real estate transactions!
At Defend Abogados we are ready to assist you, make your appointment now!
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