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Americans and other foreigners may obtain direct ownership
of property in the interior of Mexico. However,
under Mexican law, foreigners cannot own property
outright within the restricted zone. The restricted
zone encompasses all land located within 100 kilometers
(about 62 miles) of any Mexican border, and within
50 kilometers (about 31 miles) of any Mexican
coastline.
There are many options available to buy property in
Puerto Vallarta. There are houses for sale, villas
for sale, condos for sale, and multi-plexes, too. All
of these options make for terrific investments, in addition
to places to live, and are readily available.
The reasons of buying property in Puerto Vallarta
can be financial, but they will largely be a personal
choice. If you are a regular visitor to the country,
perhaps renting
is a waste of money. Perhaps you are considering your
retirement and would like to establish your future residence
as early as possible. In the meantime, you can rent
the property out and have some, if not all, of the expenses
paid for as it waits for your arrival.
If you are a serious candidate to buy house in Puerto
Vallarta , consider the value of the property as
it compares to the surrounding real estate. Consider
also what the long-term outlook for the particular region
is.
Purchasing property in Puerto Vallarta, Mexico
is only slightly different than doing the same in the
United States, but even those small differences can
cause problems if not handled correctly.
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