[BUYING AND SELLING REAL ESTATE IN MEXICO] 167
KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER MEXICAN LAW
Preface Martínez, Algaba, De Haro y Curiel, S.C. (“ MAHC ”) and Martínez Berlanga Abogados, S.C. (“ MBA ”) are law firms in Mexico with recognized trajectory, based in Mexico City and Monterrey, committed to provide the highest standard of professional legal counsel and representation. MAHC was established in 1969 and is comprised of a highly experienced and qualified team of professionals in the diverse areas of law practiced by the firm. MAHC is reputed to be one of the few law firms in Mexico that offers first class litigation services, encompassing virtually every aspect of commercial, civil and administrative legal procedures, including domestic and international arbitration, as well as a consulting legal area to prevent risks in matters related to corporate, financial, banking, regulatory, restructurings, real estate, energy and communications, designing and implementing strategies to promptly and efficiently address, mitigate and neutralize risks and crisis. MBA, established in 2006, is comprised by professionals with high experience and standards in providing quality and personal legal services in general corporate matters, restructurings, financial matters, corporate finance, mergers and acquisitions, joint- ventures, commercial matters, contractual relationships, cross border transactions, real estate, local and cross border trust structures and testamentary successions, as well as regulatory matters. These combination of practice areas and fields of expertise allow our firms to render enhanced legal advice, a result of the synergy and collective experience of our trial and consultant lawyers that grants our clients a competitive
advantage hard to match by any law firm in Mexico. I. Real Estate General Overview The real estate business in Mexico has been increasingly growing during the last decades to the point that now it is considered as a serious, viable and promising economic activity among both Mexicans and foreigners. This growth has developed in a more dynamic and secure economic sector in our country. However, in some respects it is still a growing business, in which real estate agents are not yet required to be licensed and real estate professional organizations are not as regulated as in other countries. Investors now can find a variety of specialized agents and corporations that provide tailor- made services, ideal for foreign investors that seek to buy or sell real estate in the country. These services are highly recommended specially for those not familiar with the local real estate regulations and the Spanish language. Recently the real estate market in Mexico is booming due to the recent “near shoring” phenomenon (nearshoring can be described as a strategy in which a company moves all or part of its production closer to the final consumer, reducing costs and avoiding logistical setbacks. In the last couple of years, many businesses around the world have started to look at this as an alternative, primarily to avoid supply chain issues) that has surged and has given Mexico a great opportunity to attract foreign investment of facilities that are looking for more secure places to manufacture goods or provide services and be close to the big consumer markets. Being so close to the USA and having a big network of international trade agreements have placed Mexico in such a privilege situation.
ILN Real Estate Group – Buying and Selling Real Estate Series
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