Mexico, D.F. Mexico Biggest City!
Mexico City
Set over 2400m up in its shallow mountain bowl and crammed with over 20 million people (from fewer than five million in 1960), MEXICO CITY is one of the world's most densely populated urban areas, said to receive a thousand immigrants each day from the rest of the country. At times frustrating, the longer you spend there the more rewarding it can become, with unstructured wandering throwing up all sorts of surprises, and in a few days you can get around the main sights and soak up a good deal of the vibrant atmosphere. Despite a certain seediness found amidst the elegance of the new quarters and the genteel decay of the older parts of the city, the capital is nowhere near as intimidating as you might expect. Nonetheless, you may still prefer to take in the city a couple of days at a time, taking off in between to the smaller neighboring colonial cities to recharge. You'll also find the city easier still if you acclimatize to the country first � if at all possible try not to spend too long here when you first arrive.
As you fly in or arrive by bus over the mountains, you'll catch glimpses of Popocat�petl and Ixtacc�huatl, the volcanoes which every visitor used to admire, and which Sybille Bedford, author of a book on Mexico in the early 1950s, described as "Japanese-contoured shapes of pastel blue and porcelain snow, and thin formal curls of smoke afloat in a limpid sky". These days, "Popo" is more often perceived as a threat, with the international press depicting its recent activity as a major menace to the capital. In reality, the volcano is 65km away, and though dust may temporarily close the airport during major outpourings, the city is highly unlikely to get smothered. The volcanoes are now rarely visible from the centre, courtesy of the city's pollution, which compensates by diffracting the light and producing wonderful golden sunsets.
Immigration
Mexico is home to the largest number of U.S. citizens abroad (estimated at one million as of 1999), which represents 1% of the Mexican population and 25% of all U.S. citizens abroad. Throughout the 20th century, the country followed a policy of granting asylum to fellow Latin Americans and Europeans (mostly Spaniards in the 1940s) fleeing political persecution in their home countries.
Real estate in Mexico
The real estate business in Mexico is different from the way that it is conducted in the United States.
Some similarities include a variety of legal formalities (with professionals such as real estate agents generally employed to assist the buyer); taxes need to be paid (but typically less than those in U.S.); legal paperwork will ensure title; and a neutral party such as a title company will handle documentation and monies in order to make the smooth exchange between the parties. Increasingly, U.S. title companies are doing work for U.S. buyers in Mexico.
Prices are often much cheaper than most areas of the U.S., but in many locations, prices of houses and lots are as expensive as the U.S., one example being Mexico City. U.S. banks have begun to give home loans for properties in Mexico, but, so far, not for other Latin American countries.
One important difference from the United States is that each country has rules regarding where foreigners can buy. For example, in Mexico, foreigners cannot buy land or homes within 50 km of the coast or 100 km from a border unless they hold title in a Mexican Corporation or a Fideicomiso (a Mexican trust). There are also different special rules regarding certain types of property: � communally held farm property � can only be sold after a lengthy entitlement process, but that does not prevent them from being offered for sale.
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