MEXICO CITY (El Universal).— Local deputies clarified that the constitutional reform published yesterday by the head of the Government of Mexico City, Martí Batres, regarding property, has a lock to protect the private property of all the capital’s citizens.
In light of the interpretations and suspicions generated by this issue, PAN deputy Diego Garrido, who was in charge of ruling on this reform in the Constitutional Points Commission of the Second Legislature, explained that in real terms, with the wording approved and published in the Official Gazette, private property is defended and protected.
“As the reform is written, private property is not put at risk,” he said. He recalled that the original proposal put forward by Martí Batres sought to introduce the concept of social property over private property, but the Constitutional Affairs Committee was able to stop this attempt and respect for property was brought into line with what is stated in Article 27 of the Constitution.
“This simply means that all property will always be respected, in accordance with the Constitution; that is, guarantees are given so that private property is always supported, secured and that any neighbor and any citizen has legal certainty that their property cannot be touched by the government for purposes that are clearly not justified,” he said.
At a glance
“Unfounded” controversy
Former deputy Jorge Gaviño stated on social media that the controversy over the reform to Article 3 of the local Constitution is unfounded. “It is clear that its purpose is to provide certainty regarding respect for property, indicating that it must be given in the same terms as Article 27 of the Federal Constitution. There is no regression or violation of rights whatsoever.”
Table of Contents
Table of Contents
#Doubts #controversial #decree #Mexico #City #cleared
2024-09-10 03:29:14
Gentrification in Mexico City
Mexico City’s Property Reform: Separating Fact from Fiction
In recent months, Mexico City has been abuzz with discussions surrounding property reform, sparking concerns among citizens and investors alike. Amidst the ongoing judicial reform debates, there have been whispers about the potential impact of these changes on private property ownership in the capital city. To address these concerns, we delved into the heart of the matter, separating fact from fiction and providing clarity on the implications of this reform.
Protecting Private Property
Local deputies have reassured citizens that the constitutional reform published by the head of the Government of Mexico City, Martí Batres, includes a safeguard to protect the private property of all capital citizens [[1]]. PAN deputy Diego Garrido, who played a crucial role in the Constitutional Points Commission, explained that private property is defended and protected under the approved wording. The reform ensures that private property will always be respected, in accordance with the Mexican Constitution, and that guarantees are in place to support and secure it.
Debunking Misconceptions
Contrary to initial proposals, the concept of social property over private property was thwarted by the Constitutional Affairs Committee, upholding Article 27 of the Constitution. This means that the government cannot arbitrarily seize private property for unsubstantiated reasons, providing legal certainty for homeowners and investors.
Tax Reforms and Housing Crisis
Separately, Mexico City’s Congress introduced an inflation adjustment to the local property tax (impuesto predial) and real estate acquisition tax [[2]]. This move aims to address the city’s housing crisis, which has been exacerbated by the influx of digital nomads [[3]]. The city is considering measures such as building public housing at below-market prices, changing land uses to densify with low-cost housing, and charging a prohibitive tax on foreign property owners.
What This Means for You
the property reform in Mexico City is designed to protect private property, providing a safeguard against government overreach. While concerns about the impact of judicial reform discussions are understandable, it is essential to separate fact from fiction. If you’re considering investing in Mexico City’s real estate market or are a homeowner in the area, rest assured that private property is defended and protected under the current reform.
References:
Mexico City’s Property Reform: Separating Fact from Fiction
In recent months, Mexico City has been abuzz with discussions surrounding property reform, sparking concerns among citizens and investors alike. Amidst the ongoing judicial reform debates, there have been whispers about the potential impact of these changes on private property ownership in the capital city. To address these concerns, we delved into the heart of the matter, separating fact from fiction and providing clarity on the implications of this reform.
Protecting Private Property
Local deputies have reassured citizens that the constitutional reform published by the head of the Government of Mexico City, Martí Batres, includes a safeguard to protect the private property of all capital citizens [[1]]. PAN deputy Diego Garrido, who played a crucial role in the Constitutional Points Commission, explained that private property is defended and protected under the approved wording. The reform ensures that private property will always be respected, in accordance with the Mexican Constitution, and that guarantees are in place to support and secure it.
Debunking Misconceptions
Contrary to initial proposals, the concept of social property over private property was thwarted by the Constitutional Affairs Committee, upholding Article 27 of the Constitution. This means that the government cannot arbitrarily seize private property for unsubstantiated reasons, providing legal certainty for homeowners and investors.
Tax Reforms and Housing Crisis
Separately, Mexico City’s Congress introduced an inflation adjustment to the local property tax (impuesto predial) and real estate acquisition tax [[2]]. This move aims to address the city’s housing crisis, which has been exacerbated by the influx of digital nomads [[3]]. The city is considering measures such as building public housing at below-market prices, changing land uses to densify with low-cost housing, and charging a prohibitive tax on foreign property owners.
What This Means for You
The property reform in Mexico City is designed to protect private property, providing a safeguard against government overreach. While concerns about the impact of judicial reform discussions are understandable, it is essential to separate fact from fiction. If you’re considering investing in Mexico City
