Sonia Diaz Mexico

Buying Real Estate

It is usually better to rent first prior to buying. If you need a referral to a trustworthy realtor in San Miguel de Allende, please email me and I’ll be happy to share an excellent resource ( Sonia@SoniaDiazMexico.com ). We can also supply renters and property insurance for anywhere in Mexico. Pay attention to the colonia where the... Read More

Selling Real Estate

Listings in gringo areas work in a similar fashion to north of the border, however, there is no official Multiple Listing Service (MLS) so multiple agencies may list your house for sale on their websites. What you will primarily find is the agent you choose and their office will end up showing your house the... Read More

Capital gains and currencies

Mexico applies a capital gains tax on residential property of 25% on the gross sales value of the transaction without any deductions OR between 1.92% and 35% on the value of the gain (purchase costs less allowable exemptions and deductions). A one-off exemption is available under Article 92, Fraction XIX a) of Mexican Income Tax Law that reduces... Read More

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