Mexican Banks Healthy: AFTER the 1994 peso crash, the risk of Mexico’s difficulties spilling over into America was considered so great that the Clinton administration helped bail out its southern neighbour.
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.
By John Youden.
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.
By John Youden.
Real Estate Market Update 2008: Realtors, developers, potential buyers and sellers, all are looking at the local real estate market these days. So far, there have been few signs of any considerable change in the market that would give them a better idea about how things may go in 2008, especially when considering what is currently happening north of the border.
By John Youden.
Letting Someone Else Do the Chores: 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.
By Ricky Arce.
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.
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.
Vacation Home Options: With today’s evolving vacation home market, consumers are faced with an increasingly diverse marketplace and options in leisure travel, according to the American Resort Development Association (ARDA). To select the vacation home best suited to their lifestyle needs and vacation dreams, consumers must educate themselves about the market terminology and ownership options, and assess their vacation preferences, travel goals and budget.
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.
