MEXICO Law and Practice Contributed by: Roberto Cannizzo, Carlo Cannizzo, Stefano Amato and Mauricio Moreno-Rey, Cannizzo
Cannizzo Moliere 39, 11th Floor Col Polanco Miguel Hidalgo CP 11560 Ciudad de México México Tel: +52 55 5279 5998 Email: ccannizzo@cannizzo.com.mx Web: www.cannizzo.com.mx
1. General 1.1 Main Sources of Law
• the Federal Antitrust Law; and • federal, state and municipal zoning and planning provisions. 1.2 Main Market Trends and Deals Over the past year, Mexico’s real estate market has slowed due to elevated interest rates and broader macroeconomic uncertainty, affecting leasing, com - mercial acquisitions, mortgages and construction. However, the residential and industrial segments have remained resilient, with investors seeing the sector as a safe haven. Market analysts estimate the market could reach approximately USD250 billion, with pro - jected annual growth of 5–7% over the next five years, driven by expanding industrial activity, urbanisation and sustained foreign investment. Nearshoring continues to drive strong demand for industrial space in Mexico, attracting international companies seeking supply chain resilience and prox - imity to the US market. According to the Mexican Association of Private Industrial Parks ( Asociación Mexicana de Parques Industriales Privados – AMPIP), investment in industrial parks is expected to reach approximately USD5.8 billion in 2026. Mexico current - ly hosts around 477 industrial parks, supporting nearly 4,000 companies and 3.7 million jobs, with continued expansion expected through the development of new industrial parks across key manufacturing regions. Foreign investment remains strong. Among recent transactions in the hospitality sector, some stand out, including Hyatt´s acquisition of Playa Hotels & Resorts and Playa’s subsequent sale of its 15 resorts for approximately USD2 billion in late 2025. The indus -
Mexico comprises 31 states and Mexico City. The Federal Constitution outlines the matters in which the Federal Congress is authorised to approve laws. Matters not expressly delegated to the Congress are considered reserved for each state. Consequently, the laws governing real estate and property ownership vary depending on the jurisdiction in which the prop - erty is located. In corporate combinations (ie, mergers, purchase of shares) or trusts, typically the General Law of Com - mercial Companies, the Commercial Code and, in some cases, the Stock Market Law are applicable. Parties are free to choose the court with subject-mat - ter jurisdiction, provided certain requirements are met. The main laws applicable to real estate transactions, depending on the value and nature of the transaction, are as follows: • the Federal Constitution; • the Civil Code and tax laws of the state where the real estate is located; • the Agrarian Law; • the Income Tax Law and the VAT Law; • the Code of Commerce; • the Foreign Investment Law; • the General Law of Commercial Companies; • the Stock Market Law; • the General Law of Ecological Balance and Envi - ronmental Protection; • the General Law of Securities and Credit Transac - tions;
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