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- All Aboard Mexico's High-Speed Future
All Aboard Mexico's High-Speed Future
Trains, spaceports & olympic dreams
This week's news is hotter than a habanero pepper. From Olympic dreams to aerospace ambitions and 3 new train routes announced, Mexico is on the move. ¡Vamos!
📣 Que Paso
🎀 Mexico’s rhythmic gymnastics (aka ribbon dancing) team is making its Olympic debut in Paris. We’re cheering for you, ladies!
🚆 President-elect Sheinbaum revealed plans for 3 new passenger train routes, covering 3,500 kilometers. Get ready to travel from Mexico City to Nuevo Laredo, Mexico City to Querétaro-Guadalajara, and Pachuca to Felipe Angeles International Airport.
🏆️ 3 Mexican cities made Travel + Leisure's 2024 World’s Best Cities. San Miguel de Allende is back on top at #1, Oaxaca shines at #11, and Mexico City secures the #14 spot.
🏺 A small museum in Nashville is returning 255 pre-Columbian artifacts to Mexico, highlighting a move towards repatriation and cultural respect.
🏀 The NBA is bringing the heat (literally) to Mexico City on November 2, during Día de los Muertos, when the Miami Heat plays the Washington Wizards.
🚀 Queretaro is reaching for the stars as Mexico's first aerospace port, promising a boost in aerospace technology and potential space endeavors.
🍎 Your Health Pulse
How Much Does Expat Health Insurance Cost in Mexico?
The last thing you want living in Mexico is to get sick and not be able to afford medical care. Or worse, needing to go back to your passport country to be treated.
If you are already living in Mexico and don’t have health insurance or have a permanent move planned, it may be time to get coverage because it’s more costly than you think.
So how much does expat health insurance cost in Mexico?
🏠 Real Estate Roundup
Buying Real Estate in Mexico for Expats: The SRE Permit
Article by Jeff Kimmel, Kimmel Realty Group
You can buy property anywhere in Mexico (excluding the Restricted Zones) even if your immigration status is that of a tourist. Regardless of your immigration status, all expats must obtain a SRE permit issued by the Ministry of Foreign Affairs before the property’s deed can be put in your name.
When an offer is made and accepted, applying for your SRE permit is one of the first things that you will need to do.
Your attorney or your agent can seek the permit for you, but the application will require your signature.
The SRE permit words are actually written into the deed. The reason for this is that you as a foreign buyer of property must agree to be treated the same as a Mexican citizen with respect to your ownership of the property.
In doing this (related only to your ownership of the property you are buying), you agree not to invoke the protection of your government (e.g. USA or Canada) with regard to the property and your ownership of the property.
If you breach this agreement, you can lose your ownership rights to the property in favor of the Mexican government.
🎉 Vamos! Can’t Miss Events
We’re a week away from the 2024 Olympic Games in Paris. Here’s the lineup of the sport and dates you can watch Mexico compete. ¡Vamos México!
💡 Say It in Spanish
“Estoy perdido.”
Translation: I am lost.
Uttering these words to a friendly local opens the door to a world of assistance, guidance, and perhaps even a delightful conversation about the best hidden gems in the area.