By Prashant Gopal $500K is the new $1 million Two years ago if we ran this story we would have shown how much home people could buy for $1 million. At the time, thanks to easy credit and lax regulations, people who under normal circumstances could never have afforded a $1 million home were [...]
Mexican coast playground is truly a (snow)birders’ paradise
Accommodations range from plain to perfectly posh Joseph Kula, Special to The Province Published: Sunday, December 14, 2008 R iviera Nayarit (it rhymes with sweet) is for the birds, literally. This 160-kilometre playa-lined playground on Mexico’s north-central coast stretching from Nuevo Vallarta in the south to San Blas in the north draws snowbirds from as far [...]
New Real Estate Law: January 1, 2009
We would like to thank Mitch Keenan for this update on a new law related to selling property in Mexico. Any foreign person (non-Mexican citizen) selling property in Mexico will now be required to have an FM-2 Visa, in addition to electric bills and fidecomiso in their name(s) (as their names appear on their passports [...]
El Encanto – Punta Mita Update
El Encanto has sold out Phase One of its Condo La Vista condominiums and a second release is selling very well. As well, the three Villa El Mirador properties are ready for occupancy, featuring more than 4,000-square-feet of indoor and outdoor living space in a split-level configuration. Also “move in” ready is a Residencia La [...]
The 10 Worst Assumptions of 2008
December 15, 2008 01:39 PM ET | Rick Newman | Permanent Link | Print An old military saying has become popular on Wall Street: “Amateurs study the plan. Professionals study the assumptions.” It’s too bad that nostrum wasn’t in fashion a few years ago, when it seemed as if nothing could go wrong in the [...]
LaSalle: Real estate valuations to fall in ‘09
By Arleen Jacobius Posted: December 16, 2008, 11:01 AM ET Real estate valuations are expected to fall next year, with the low point in the cycle expected in 2010, according to LaSalle Investment Management’s Investment Strategy Annual, a comprehensive survey of global real estate markets. Commercial real estate will decline in value in 2009 as [...]
Thank you to everyone who attended the Second Annual Punta de Mita Foundation Cocktail and Silent Auction event
Dear all, Here is the video link from last Saturday. http://avianaproductions.com/fourseasons/puntademita_found_9dec.html Thank you to everyone who attended the Second Annual Punta de Mita Foundation Cocktail and Silent Auction event. It was wonderful party and great to see everyone enthusiastic about the work that the Foundation has been doing over the past year. In [...]
Use caution before ‘running away’ after retiring
by Wendell Cayton Local columnist Posted December 15, 2008 http://wenatcheeworld.com/article/20081215/BIZ/712159913 If the thought of throwing off the yoke and retiring to an exotic locale where the living is easy and the dollar buys more is enticing, it’s wise to move carefully, keep your dreams in your pocket and your feet on the ground. Our [...]
A Riviera is Born
December 12, 2008 By Mark Jolly Mexico’s new bright star lights up the Pacific coast. view map You might be forgiven for having never heard of Riviera Nayarit, Mexico’s bright young star of the Pacific. For one thing, the 100-mile stretch of coastline didn’t even exist until last year — at least not under its [...]
2008 Puerto Vallarta Film Festival
During November, the annual Puerto Vallarta Film Festival showcases contemporary full-length films and documentaries from North and South America, drawing movie stars and making for some interesting people and movie watching. The Gala Closing Awards ceremony features awards named after Hollywood movers and shakers who have impacted Puerto Vallarta, the John Huston Maverick Awards for [...]
Lending for ultra-luxury Western resorts: dumb, dumb, dumb
As resorts for the wealthy such as Yellowstone Club, Tamarack, and Promontory tumble into insolvency, you have to wonder what the lenders such as Credit Suisse and Lehman Bros. were thinking. Here’s another tale of toxic assets, poor diligence, and no backup plans. By Jonathan Weber If you want a stark example of the kind [...]
Investor Report: Diversify in Mexico
December 5, 2008 By Kenneth R. Harney http://www.homes101.net/news/n4296/ Investors looking to diversify their portfolios into land or rental properties — that are still gaining in market value — ought to look south of the border. But they should focus their shopping on the top “fly in” resort locations in Mexico — and avoid “drive in” [...]
Famous Swimming Pools
Any piece of luxury real estate worth it’s salt will probably have a swimming pool on the property. Inside, outside, or both perhaps. This is a guide to the most luxurious, most insane, most expensive, most photographed, largest – and even the ugliest swimming pools in the World Although this started as a serious look [...]
Foreclosure Bargains in Mexico’s Touristic Communities
· Buyer Tips to Clarify Conventional Wisdom about Distressed Properties Buyers today have been regularly trained by the United States (US) media to be on the lookout for foreclosures as one of the staples of getting a great deal in the current real estate market. Yet buyers taking that conventional wisdom south of the border [...]
Destinations to Watch in 2009
by Christine Sarkis, SmarterTravel.com Staff – December 8, 2008 A destination in the midst of inventing itself. Another preparing for its year in the world spotlight. Cities and regions gearing up for year-long parties. Our top picks for destinations to watch in 2009 are bursting with up-and-coming, you’ve-gotta-see-this attitude. Not only are these destinations [...]
Costa Vallarta Real Estate Regions
Because of its popularity as a tourism destination and second-home real estate market, Puerto Vallarta has outgrown its original borders, with neighboring towns now neighborhoods of Vallarta. And real estate opportunities are no longer limited to within Banderas Bay but stretch up and down the northern and southern coastlines. The entire region, commonly referred to [...]
Capital Gains Tax (ISR) on the Sale of Homes in Mexico
This is a subject that everyone wants to know about and everyone wants to find a way to legally avoid. In an effort to keep you up to date, the following is the “cliff note” version of what you need to understand. In 2007 the Mexican government modified the rules pertaining to the exemption of [...]
Thank you to everyone who attended the Second Annual Punta de Mita Foundation Cocktail and Silent Auction event.
Dear all, Thank you to everyone who attended the Second Annual Punta de Mita Foundation Cocktail and Silent Auction event. It was wonderful party and great to see everyone enthusiastic about the work that the Foundation has been doing over the past year. In keeping with the theme of the beautiful setting atop Hotel Des Artistes and [...]
Now that I have Bought Property in Mexico, What do I have to do to Keep Everything Current?
For a foreigner, buying property in Mexico is a new and different experience. Most foreigners spend time researching the procedure of buying property, setting up a trust or a corporation and becoming familiar with the different permits and costs required to close on a property transaction in Mexico. A lot of effort is put [...]
Casa Tortugas – New to the North shore Puerto Vallarta vacation rental market
Casa Tortugas is the first oceanfront villa of the gated community called Punta Tortugas in the master planned development of Costa Banderas twenty, minutes north of Puerto Vallarta. Just steps from the beach at the foot of the property, Casa Tortugas enjoys spectacular views across its private swimming pool, terraces and landscaped gardens to the [...]
Puerto Vallarta Weekend News & Upcoming Events
If you want to stay on top of all of the latest Puerto Vallarta news and learn what you can expect during the coming week, be sure to watch The Weekend Beat every Sunday morning right here on BanderasNews. Hosted by William Michael, this weekly Puerto Vallarta video news report provides a brief overview of [...]
Road to Mismaloya – The Panoramic Route
By Jesús de Avila – December 2008 During the past two months, I have had to do the Puerto Vallarta – Boca de Tomatlán – Puerto Vallarta route twice a week, experiencing feelings that inspired me into writing and sharing this brief review, with the main purpose of luring you into programming some specific time [...]
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