Bosqüa

Bosqüa

Available :

Phase 1

-

Ready to move in

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Property details
Prices and Availability
From: MX $ 2 338 810
informations
Merida, Yucatan, Mexico
5 units available / 21 total units
Property type: condo
1 bed unit available

Delivery date :

Ready to move in

Property Description

Bosqüa is an ecological, sustainable, smart, and profitable development that combines smart homes and apartments designed to generate socially active and peaceful dynamics. It improves the quality of life of its residents through nature and technology, creating a development in an unbeatable location that is a safe and reliable investment.

Phases & Delivery

Phase 1 : Ready to move in

Amenities

Features

Controlled Access
Elevator
Pet Friendly
Security
Smart Home
Solar Panels
Closing in pesos
Rental Management Service
Outdoor parking

Amenities

Bar
Commercial Area
Common Laundry
Concierge
Garden
Pool
Reception Desk/Lobby
Restaurant
Sundeck
Terrace
Yoga Lounge
HOA Fees :
See Unit

Development

Points of Interest

Airport
Mérida International Airport (MID)
8.7 km
Train Station
Mayan Train - Teya Mérida
13.4 km
Bus Station
ADO Terminal Alterna Paseo 60
2.1 km
Hospital
CMA Hospital
2.1 km
Public Beach
Cancunito
14.8 km
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Frequently Asked Questions

Can a foreigner own real estate in Mexico?

Absolutely! The key distinction in the buying process is the use of a trust or fideicomiso. It is required to acquire property or land in the Restricted Zone. The restrcited zone is 100 km from the border with another country and 50km from the coastline.

What is the restricted zone?

100 km from national borders and 50 km from the coastline.

What is a Fideicomiso?

It is a trust system ownership sanctioned by the Mexican government and secured by the Central Bank of Mexico.

In very simple terms, the foreign buyer is the beneficiary of that trust.

It is 50-year perpetually renewable and transferable bank trust.

The beneficiary of the trust has ALL the rights commonly enjoyed by a Mexican owner (use, sell, lease, etc) 

It means irrevocable and absolute ownership rights to the property; the bank CANNOT sell the property without written consent of the beneficiary. The Mexican Bank Trust only holds the property title for the beneficiary but doesn't have any rights over the property.

It is important to mention that a lot of Mexican nationals go for a trust based ownership as it clearly states the beneficiaries in case of death.

Why is the use of a trust required?

In the 1917 Mexican Constitution, foreign ownership was forbidden in the Restricted zone because of Mexico's long history of land ownership dominated by foreigners (article 27). In 1973, a series of foreign investment laws were implemented as the Mexican government saw that foreign investment could have a positive impact on the economy. As a result of the relaxation of the laws on foreign investment, the trust system was created in 1993. Overall, it was much easier to create a trust system for foreign ownership than completely changing the Mexican Constitution.