Five Great Second Home Markets – Riviera Nayarit

While city living certainly has its perks and many people spend a large portion of their year nestled in their luxury apartments and high-rises, there’s something special about leaving the urban life behind and curling up in one of the following highlighted places where having a second home allows for lifestyle like no other.

Punta de Mita peninsula - Riviera Nayarit, Pacific Mexico

Whether you’re looking for a part time second home or even just a vacation spot to call your own whenever you feel like stepping away from city life for a while, there’s no shortage of options. In a recent list compiled by the International Property Journal, ten markets were examined based on relevant factors such as uniqueness, affordability, physical and financial security, and the opportunity for capital appreciation. The goal of their research was to “spotlight markets that combine a variety of factors, not serve as niches like the best jungle locale or the best golf course market.”

The list was based on the definition of “second home” strictly as vacation properties and getaway spots, “which left off Paris, Barcelona, and other urban centers where many people own second homes, but may not use them strictly as vacation getaway properties.” Preference was given to places that were away from strips of hotel towers and feature a mixture of isolation and resources that make “an idea second home market, the ability to generate rental income and snorkel in warm waters without fear of getting run over by a cruise ship.” Good thinking.

Here are a few great spots taken from the list of destinations that not only represent a major investment opportunities, but also promise exclusive escape with riches and adventure.

RIVIERA NAYARIT, Mexico

While the International Property Journal is quick to know that Mexico is in fact experience “waves of violence and upheaval,” they rebuttal by simply noting that “that’s the way it always is in Mexico.” That aside, the area north of Puerto Vallarta is highlighted due to its recent “mini-explosion” of luxury home development. There is a master-planned area on Punta Mita that is anchored by a Four Seasons and a St. Regis which offers A-list, gated community lifestyle. “Further up the coast a variety of projects are going up along a route of white-sand beaches, surfer spots and small fishing towns. Best of all, the starting point is Puerto Vallarta, one of Mexico’s classic, romantic old cities.”

http://www.hauteliving.com/blog/national/five-great-second-home-markets/