Punta Mita Answers Key Questions About Mexico’s Hot Real Estate Market

Punta Mita Answers Key Ques­tions About Mexico’s Hot Real Estate Market

Wednes­day April 12, 7:47 am ET

Upscale Resort Com­mu­nity Cap­i­tal­izes on Grow­ing Trend; Team of Real Estate Experts Makes Pur­chas­ing Resort Homes a Con­ve­nient, Per­son­al­ized Process

PUNTA MITA, Mex­ico, April 12 /PRNewswire/ — With a wealth of rich cul­ture and his­tory, com­bined with a pic­turesque set­ting, Mex­ico is quickly becom­ing the most sought-after oppor­tu­nity for resort real estate. The lux­u­ri­ous gated com­mu­nity of Punta Mita has risen to the occa­sion and grown into the posi­tion of a much whispered-about des­ti­na­tion among those in the know.

“Resort real estate pur­chases in the U.S. have been on the rise for the past few years, but some are start­ing to won­der if the mar­ket has peaked,” said Lynne Bairstow, Mar­ket­ing Direc­tor for DINE, the devel­oper of Punta Mita. “Savvy buy­ers are start­ing to look beyond the U.S. bor­der for new real estate options. Mex­ico, and Punta Mita specif­i­cally, are the ideal option for resort home ownership.”

Accord­ing to Bairstow, sev­eral fac­tors have played an inte­gral role in Punta Mita’s pop­u­lar­ity within the real estate com­mu­nity, including:

* Prox­im­ity and easy access. Punta Mita is served by the Puerto Val­larta
Inter­na­tional Air­port (28 miles), with hun­dreds of reg­u­larly sched­uled
non-stop flights from top gate­ways in the United States. There are also
facil­i­ties for pri­vate air­craft adja­cent to the airport.

* Pris­tine acreage and ocean­front prop­erty on vir­gin beaches

* Mexico’s polit­i­cal and eco­nomic stability

* Excel­lent val­ues com­pared to Cal­i­for­nia, Hawaii and the Caribbean

While the area of Los Cabos has been an accepted and pop­u­lar own­er­ship des­ti­na­tion for North Amer­i­can buy­ers in recent years, atten­tion is now shift­ing to Punta Mita, Mexico’s newest and most exclu­sive lux­ury des­ti­na­tion, one that has much to offer buy­ers. Today, over 95% of Punta Mita’s own­ers are American.

“Punta Mita has exploded onto the scene for many rea­sons, pri­mar­ily because of the excel­lent val­ues offered in a lux­u­ri­ous, gated, ocean­front com­mu­nity,” said Bairstow.
In order to make the buy­ing process as clear and under­stand­able as pos­si­ble, the Punta Mita Prop­er­ties team is expert in all of the pro­ce­dures involv­ing the pur­chase of real estate in Mex­ico by non-nationals. This includes:

* Fide­icomiso. Since 1973, for­eign­ers have been able to pur­chase coastal
and bor­der prop­er­ties through a fide­icomiso, which works much like a
trust in the U.S. The bank holds the legal title to the prop­erty, with
all rights and priv­i­leges of own­er­ship (includ­ing use and enjoy­ment)
held by the Trust beneficiary.

* Title Insur­ance. All Punta Mita prop­er­ties come with title insur­ance
issued by Stew­art Title.

* Real Estate Taxes. Real estate taxes in Mex­ico have tra­di­tion­ally been
much lower than in the U.S., par­tially because they have never been
con­sid­ered a source of gov­ern­men­tal revenue.

* Financ­ing. Com­pa­nies such as C.S. Finan­cial, GE Cap­i­tal, First Cap­i­tal
Mort­gage and oth­ers have recently added loans for Mex­i­can prop­er­ties to
their ser­vices.

With a wide selec­tion of own­er­ship options — includ­ing con­do­mini­ums (start­ing at $575,000), town homes, vil­las and lux­ury beach­front estate lots (priced up to $5 mil­lion) — invest­ment in this hot des­ti­na­tion offers options for every­one. To make resort home own­er­ship even more appeal­ing, full prop­erty man­age­ment, rental and res­i­den­tial concierge ser­vices are avail­able though Punta Mita Properties.

Punta Mita was cho­sen as the first Latin Amer­i­can loca­tion for the pres­ti­gious Four Sea­sons Resort (1999). By early 2008, there will be a St. Regis Resort & Res­i­dences, as well as the Chopra Cen­ter & Spa at Port For­tuna. A recent pur­chase by Strate­gic Hotels & Resorts will bring 70 hill­side hotel suites, a spa, restau­rant, pool and retail area with direct Pacific Ocean views adja­cent to the Four Sea­sons Resort, also owned by Strategic.

Top-notch resort ameni­ties include a Jack Nick­laus Sig­na­ture Golf Course, with a sec­ond Nick­laus sig­na­ture course under devel­op­ment (early 2008; a third course will be added in the future). A pri­vate Res­i­dents’ Beach Club, with two more to be ready for 2008: the Kukuri Beach Club and the St. Regis Res­i­dents’ Beach Club. Addi­tional ameni­ties under devel­op­ment include a yacht pier, expanded Ten­nis Cen­ter and eques­trian facility.

Boast­ing an infra­struc­ture held to U.S. stan­dards, Punta Mita fea­tures a secure water sup­ply, on-site med­ical cen­ter, fiber optic cable phone ser­vice, eco­log­i­cally sound waste­water treat­ment plant and more.

All this, and the com­mu­nity is still early in its devel­op­ment cycle, which equals many addi­tional oppor­tu­ni­ties for investors.

Ques­tions regard­ing own­er­ship, taxes, lia­bil­i­ties, expenses and more are answered expertly and quickly at Punta Mita Prop­er­ties. Call us toll-free at (888) 647‑0979 and visit our web­site at http://www.puntamita.com.mx for a glimpse of par­adise on earth.

About Punta Mita

This master-planned resort and res­i­den­tial com­mu­nity boasts 1,500 acres on a penin­sula sur­rounded on three sides by white sand beaches. Gated and low– den­sity, the devel­op­ment was planned and designed in accor­dance with the high­est qual­ity of inter­na­tional real estate devel­op­ment and envi­ron­men­tal stan­dards. Cur­rently home to a Four Sea­sons Resort, a Jack Nick­laus Sig­na­ture Golf Course and var­i­ous res­i­den­tial homes, a St. Regis Resort & Res­i­dences is cur­rently under devel­op­ment, slated to open in early 2008. The mas­ter design calls for up to four lux­ury bou­tique hotels, a vari­ety of exclu­sive res­i­dences and estate lots. Three cham­pi­onship golf courses, a ten­nis cen­ter, beach clubs, spa and well­ness cen­ter, yacht pier and a small com­mer­cial vil­lage will com­plete this exclu­sive com­mu­nity. DINE, Mexico’s pre­mier real estate devel­op­ment com­pany and a sub­sidiary of DESC, is the owner and devel­oper of Punta Mita. DESC is one of Mexico’s largest cor­po­ra­tions with inter­ests in four highly impor­tant busi­ness sectors.