FXStreet (Córdoba) - Fitch Ratings has affirmed Mexico at 'BBB+' with a stable outlook.
Among key drivers, Fitch noted proactive response from Mexican government to curb the effects of the decline in oil prices and production, subdued growth in the US and increased international financial volatility along with the implementation of structural reforms and macroeconomic stability.
Over the past couple of decades, an increasing number of foreigners have wanted to invest their hard earned money in Mexico by purchasing a property.
However, most people not only want to own a home in this beautiful country, but they are looking to invest in any of the gorgeous beach towns and cities that Mexico has.
The number of American expats migrating to Mexico has grown exponentially because the costs of living in Mexico for retirees are much lower than those of living in the United States.
A foreigner may acquire rights over real estate in Mexican coastal and border zones through a trust, called Fideicomiso , which is a legal instrument similar to those in the United States.
Through this trust, real estate is administered by a qualified and licensed bank on behalf of the beneficiary of the trust (the owner).
The legal effect of the trust allows the beneficiary to act as the owner of the real estate, and thus, the trust complies with Mexican laws.
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