State of the Market
: As the high-season ends and we look back at what transpired from November until April, we’ve seen the market go from one of denial to acceptance.
Lost in Vallarta? Have We Gots Maps for You!
: When Google released Maps (its free online mapping service) to the masses in 2005, no one could have foreseen how – just a few years later – we’d become so reliant on this technology.
5 Tips to Help Sell Your Property Faster
: There is no question that in many areas properties are currently on the market longer. As a seller, this slow-down means there is more competition for a limited pool of potential buyers.
: The new offices of Pinnacle Properties exude the feeling of relaxing at home on the balcony, via a beautiful showroom with amazing views that capture your attention the moment you step inside.
Leaving the Dream in Good Hands
: The taxi is waiting. The drapes are drawn and the door double-locked, but a pang of anxiety persists. After all, you’re leaving your special dream dwelling by the bay to fly north, while the pounding surf continues to spray the patio doors, and the balcony plants bake in the Vallarta sun.
Puerta al Mar
: On Camarones Beach just a stone’s throw away from the Malecón in downtown Puerto Vallarta, rises Puerta al Mar, the new boutique-style luxury condominium development designed by Architect Jose Francisco Gomez.
Deck 12, Overlooking the Maritime Terminal
: Imagine sitting on your private balcony with an evening cocktail in hand while watching a magnificent cruise ship slowly sail out into the sunset.
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 into becoming familiar with the “closing procedure” however very little time is spent on understanding what on-going obligations exist after the property has been purchased.
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 income tax obtained in the sale of primary residences. The reason they did this was principally to close loops holes that allowed the upper class to avoid paying taxes on any homes they owned.
: Los Amores is a master-planned residential development designed to provide, in a unique environment, different options to best accommodate most demanding needs. This development offers six condominium options (A-F) and two villa options (Capricho and Deseo), within a secure and gated community, with amenities and features designed so owners can spend quality time with friends and family in a fun, relaxed and enjoyable way.
: Las Vistas offers the opportunity to own a luxury condo nestled in the jungle on the top of colonia 5 de Diciembre with a spectacular view of the bay, beautiful sunsets and endless city lights of Puerto Vallarta. Developer Carlos Vazquez continues to reach new heights in design and quality, offering an attractive floor plan with top-of-the-line finishes throughout.
Costa Vallarta Real Estate Trends 2008-2009
: I’ve been writing these articles for the past five years — five exceptional years, where the real estate market experienced rapid growth, appreciation and demand. In last year’s article, I reported that a downturn seemed to be approaching. Today, while updating and writing this report, there is no doubt that the market has slowed and the USA is most likely in recession.
The Value of Real Estate to Our Community
: When most people think of real estate as an industry, it brings up images of tracts of single family homes, large commercial and condominium towers and shopping malls. But are there benefits other than providing housing, office space and shopping opportunities?
Puerto Vallarta Real Estate Conference 2006
: In March of this year, Producciones Viva held a real estate conference at the Sheraton Hotel for realtors, developers and the public interested in real estate investment in Mexico. Below is a summary of some of the sessions that took place.
Puerto Vallarta: A Real Estate Success Story
: What we can establish as being “a success”? Well, in 2000 Puerto Vallarta had roughly $50 million in resort real estate sales (“resort real estate” is defined as real estate purchased primarily by retirees or second-home purchasers). There were rarely homes selling for more than $1 million and few large real estate developments.
: Situated in the prestigious El Tigre golf development in Paradise Village, Nuevo Vallarta, only 10 minutes from the airport, and 20 minutes from downtown Puerto Vallarta. El Tigre offers a professional golf course with a magnificent Mexican club house, a world-class spa with social and full sports facilities, and a private luxurious beach club.
Letting Someone Else Do the Chores: An Overview of Labor Laws for Domestic Employees in Mexico
: Cooking without having to do the dishes or even not cooking at all! A beautiful garden without the weeding! The availability of reasonable domestic help makes all this possible for most North Americans living in Vallarta, but be aware that the casual arrangement you make with Maria to straighten up your condo three days a week is a binding legal contract.
Doing Your Homework
: If you are reading this, chances are that you have a vested interest in real estate in the Vallarta region. You are most likely a buyer or a seller (or both) or a professional involved in the industry, and you need sources of clear and current information about the state of the market.
Best Place to Retire?
: During the past 15 years, International Living magazine has calculated its Annual Global Retirement Index; a resource intended to assist retirees and future retirees in evaluating and comparing the world’s most popular retirement destinations. It is based on a number of criteria, giving various weights to each, depending on its importance to retirees.
Buying Real Estate in Mexico
: It is a common misconception that foreigners cannot own real estate in Mexico, but the reality is that they can. It is perfectly legal for a foreigner or foreign corporation to acquire any type of real estate, holding the property as a direct owner, with the exception of properties located in the Restricted Zone.