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New rules in Mexico may limit cash payments for real estate

Mexico is developing rules that would cap the amount of cash that can used to buy real estate, Finance Minister Carlos Urzua said on Friday, part of a push to reduce the use of physical currency in a country rife with money laundering and corruption. Urzua, speaking at a banking convention in the resort town...
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credit score

At What Age Can You Ignore Your Credit Score?

At some point, you’ll buy your last car and refinance your last mortgage. Surely then you can stop worrying about your credit scores. Well, not really, although there are situations when credit scores shouldn’t be anyone’s main concern. Let’s start with some reasons why credit scores still matter, even when you don’t plan to borrow...
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Get more bookings at your vacation rental

If you’re thinking of listing your home as a vacation rental, have a listen to what travelers say makes a space inviting and welcoming, and what’s a turnoff. For starters, amenities and cleanliness matter. “I would have loved better sheets and towels as well as decent soap and amenities,” says Carol VanderKloot of New York,...
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Should you pay off mortgage before you retire?

Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, and the payments can get more difficult to manage on fixed incomes. But retiring a mortgage before you retire isn’t always possible. Financial planners recommend creating a Plan B to ensure you don’t wind up house...
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5 tips for moving out on your own for the first time (and hopefully last)

If you are already at that age (or already feel the call) to leave your parents’ home and find your own space, first: congratulations, well done!; Second, if you feel worried, nerves or fear, it’s only natural. You are not alone. Thinking about how difficult and significant this process is, we have thought of some tips...
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The most expensive land in the world for sale?

Well, it may not be the most expensive in the world, but it is the most expensive land that has been commercialized in the city of Los Angeles, in the United States. Its price: one-billion dollars! To buy this land known as “The Mountain” and have the opportunity to build a super luxury development, you...
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U.S. Green Building Council announces the return to Mexico City in 2019

The U.S. Green Building Council ( USGBC ) announces that Greenbuild, the world’s largest green building conference experience, is returning to México City June 18-19, 2019 and taking place at the Hilton Mexico City Reforma. Greenbuild Mexico will be held in conjunction with SUMe Sustentabilidad para México A.C. ( SUMe ) and offer a forum...
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Are millennials in Mexico planning on buying real estate?

A poll “Mexican millennials and housing, what do they want and how do they want to live?” Conducted by Vivanuncios revealed that 42% of young Mexicans returned to their parents’ homes when they decided to become independent for the first time: 37% because they lost their jobs; 32% because they didn’t have the economic resources;...
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3D printed houses

3D printed houses are a thing… and affordable

Having a roof over your head is one of the basic needs of being human, but over 1-billion people in the world do not have it according to a report from the Ross Center for Sustainable Cities of the World Resources Institute. To try to solve this serious reality in some of the poorest cities...
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real estate blog

How long should you wait before lowering the price of your home?

There is your house, waiting for a buyer! It’s been a few months now and it’s starting to look a little … desperate. Then you consider reducing the sale price: on the one hand, you know that this would mean depriving you of several thousand dollars (or pesos), but not doing so could mean the...
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Experts restore what might be oldest house in Mexico

The plain, one-story stone-linteled structure sat hidden in plain sight for hundreds of years behind generations of street vendors hawking goods from stands outside its thick old walls. But experts have now concluded the building at 25 Manzanares Street is the oldest house in Mexico City, and one of the oldest in all of North...
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Devaluation of the peso is attracting foreigners to Mexico real estate

The strength of the dollar against the peso is the main reason for foreigners buying real estate in Mexico right now. In 2016 and 2017 the number of closed sales to foreigners rose to 1,105 on an annual average. From 2008 to 2015 it was 663 on average, according to information obtained through a Transparency...
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