Find Puerto Escondido real estate for sale in the state of Oaxaca, Mexico. Puerto Escondido offers attractive real estate investment opportunities and retirement in Mexico can be a wonderful option. Puerto Escondido is one of the last remaining original fishing villages in Mexico. Puerto Escondido itself did not exist as a modern town until the 1920's, when the owners of the great coffee farms in the foothills decided that the protected bay of this lovely little town made an ideal and convenient port for shippinng coffee and other products of the region.
Puerto Escondido is a traditional Mexican fishing village located
180 miles south of the city of Oaxaca and 70 miles west of Huatulco
Bay in an area known as the Emerald Coast for its magnificent jade-green
waters. The city, which inherited its name from the local rocks known
as Punta Escondida, attracts tourists from all over the world for
its remarkable surfing, natural scenic beauty, extraordinary bays
and pleasant tropical climate.
The Mexican Constitution prohibits direct ownership by foreigners of real estate within 100 kilometers (about 62 miles) of any border, and within 50 kilometers (about 31 miles) of any coastline. In order to permit foreign investment in these areas, the Mexican government has created a trust mechanism (contrato de fideicomiso) in which a bank has title to the property, but a trust beneficiary enjoys the benefits of ownership. The Bank Trust Agreement (contrato de fideicomiso) allows for renewable long term leases that may be sold or enjoyed by your heirs.
A foreigner may be the sole and exclusive stockholder of a Mexican corporation which may hold fee simple title to non-residential property in the prohibited zone. There is a broad definition for "non-residential" property.
American property owners in Mexico should exercise caution when hiring employees to serve in their homes or on vessels moored in Mexico. Several American property owners have faced lengthy lawsuits for failure to comply with Mexican labor laws regarding severance pay and social security benefits.
Learn More About Mexico Real Estate & Business Transactions
From the Arizona Department of Real Estate
For Educational Purposes Only ~ Always Seek Professional Advice
