An unprecedented inversion equivalent to over 20,000 million USD is presently taking place in Mexico’s real estate sector, stated Mexican Association of Professional Real Estate Agents (AMPI) National President, Antonio Hanna Grayeb, during his opening statement at the recent International Real Estate Summit that took place in Nuevo Vallarta, Riviera Nayarit last weekend. This and other important selling points served to empower the enthusiastic community of real estate professionals and investors that travelled to the successful event from other cities in Mexico and the United States.
The Summit heralded prosperous times for national and international investors, while highlighting emerging market trends and opportunities present in master planned resort communities, as well as luxury beachfront properties in Puerto Vallarta, Riviera Nayarit and other important beachfront destinations in Mexico.
Hanna Grayeb also talked about the work AMPI is presently undertaking lobbying the Mexican senate to modify Article 27 of Mexico’s Constitution, which would allow international investors to purchase real estate locally without the need of a fideicomiso, and working with the Tourism Secretary to promote real estate, or “second home” tourism.
Other important selling points for real estate professionals and potential investors interested in Mexico were shared by AMPI National Vice-President, Gustavo Solares Campo, including the following:
- Its privileged location, just south of the United States, allows Mexico to be supplier of both services and manufacturers to the neighboring country.
- Mexico’s biodiversity —fifth in the world— along with almost 7,000 miles of coastline is strategically significant, along with its climatic range.
- Mexico’s beach destinations are sought after by vacationers, worldwide. In addition, Mexico features 25 eco-touristic destinations and 15 colonial cities.
- Featuring 186 different museums, Mexico City is the second city in the world with most, next to first place, London, England.
- 20 industrial harbors throughout the country provide access to importation and exportation of goods, which can be transported through the country’s 76,000-mile highway system.
- Mexico is one of the largest vehicle producers, worldwide.
- In terms of tourism, Mexico is the tenth most popular country in the world.
AMPI features an increasing membership of over 3,000 associates throughout Mexico. Constantly looking for ways to improve and expand their services, the organization also announced that the next International Summit will take place in San Miguel de Allende, Guanajuato.
On May 26th, Villa La Estancia was the proud host to 10 of the top brokers in the Banderas Bay area. They enjoyed a very special breakfast in their 4 diamond restaurant, La Casona, with an exquisite buffet prepared exclusively for friends and colleagues.
During breakfast, Nilo Lucas, Sales director for Villa La Estancia, gave a quick general introduction to Villa La Estancia followed by a question and answer session led by Cristina de la Rosa, Senior Sales Associate. The theme of the breakfast was “Villa La Estancia, an intelligent investment”. Among the many topics covered where: income potential from the rental program; equity at time of resale; how to retire and live in half of the apartment while renting the other half as a luxury hotel suite (lock-off feature available in most villas); what is the difference between Fractional and Full ownership, and the 0% developer financing plan offered (no pre-approval or loan fees).
Also on the agenda was the advantages to Realtors who sell a property at Villa La Estancia. Nilo explained the policy for registering a broker/sales person’s potential buyer stating that “we do all the selling and the broker gets a full commission”, and introduced a specially priced nightly rental rate policy for a luxury villa that brokers and sales associates can offer their overseas clients to stay at the complex while they search for real estate property in the Bay area.
After breakfast the attendees had the opportunity to explore the exclusive collection of 2 and 3 bedrooms villas, the spacious oceanfront residences and penthouses. For more information about Villa La Estancia and the special programs the have for realtors visit www.villalaestanciaresidences.com or call (322) 297-5560.
The Mexican Association of Professional Real Estate Agents (A.M.P.I.), has announced its plans for its fifth International Resort Real Estate Summit. The Summit will be held in Nuevo Vallarta, Riviera Nayarit, at the Paradise Village Resort this June 25th to 27th of 2015.
The 2015 A.M.P.I. International Real Estate Summit (A.I.R.E.S.), will highlight the emerging market trends and opportunities present in both master planned resort communities, as well as luxury beach front properties in areas of Mexico such as Cancun, Riviera Maya, Los Cabos and Puerto Vallarta. Special keynote speakers will be present during conferences and panel discussions, to share their expertise, covering various subjects relative to the international market, such as the many baby boomer investments in San Miguel de Allende and other retirement havens, as well as other key topics such as Eco resort development, medical/health tourism, investment in Canada, and procedures for international transactions and investments.
A.M.P.I. is looking forward to an exciting year of professional growth within the industry and boasts an ever-climbing membership of over 3,000 associates throughout Mexico. You can find more information about the A.M.P.I. Summit at www.ampisummit.com
Antonio Hánna Grayeb, national president for Mexico’s Real Estate Professionals Association (AMPI) presided over the swearing-in ceremony for the local chapter presidents in Puerto Vallarta, Riviera Nayarit and Compostela: Harriet Murray, Jonathon Smart and Juan José Martínez, respectively.
Hánna Grayeb was joined by the organization’s vice-president, Gustavo Solares Campos, and by AMPI Riviera Nayarit vice-president Fabian O’rourke, who welcomed those present at the ceremony. Jorge Villanueva Hernández, president for the Puerto Vallarta and Banderas Bay Business Association, served as witness.
The National President took the opportunity to address the membership and share that the organization’s national council is working on three specific goals for the current year: positioning of the AMPI brand, seek congress approval of the federal real estate license, and updating the organization’s “Green Book”. In addition, he mentioned the AMPI SUMMIT, a major event to take place in Riviera Nayarit, among the organization’s keystone events for the current year. It is expected that these events will allow for constant evolution and positioning of the organization’s brand, by encouraging new chapters, such as Compostela, to partner with Puerto Vallarta and Riviera Nayarit, as they fulfill their goals.
The Elengorn Realtors sales team was delighted to host the Zenith Grand Showroom Opening inside their real estate office (corner of Venustiano Carranza and Constitucion) in the heart of the Romantic Zone of Puerto Vallarta. The completed showroom displays the quality features of the new construction at Zenith Condominiums. Buyers can see the finishes of the kitchen, bathroom and flooring with Granite countertops, soft close cabinetry and accessories. The clients, colleagues, realtors, designers and friends in attendance were treated to a delicious spread laid on by Kashi Sushi, wine from VinoMika and waiter service from Eventos Vallarta.
The sales are in full swing with well over 25% already sold. Still available are 1 bed 1 bath, 1 bed 2 bath units from 900 sq ft and starting from $157,250 USD and 2 bed units at 1650 sq ft from $330,650 USD. The beautifully designed complex from architect Paulo Rojo (who brought us Marival, V399, V177, VConchasChinas) and Developer CRAGSA (Azul, PlayaSeis, Diagonal, Punta Arena) boasts a charming common rooftop with 360 degree views, infinity pool, gym, BBQ, bar and relaxing seating. Zenith has underground parking, elevator and on site administration.
The monthly fees are $40 pesos per square meter and include water, gas and common areas. For more information visit www.zenithpv.com
Nicole Martin, formerly known as Realtor 365, is back and better than ever! Nicole, resident of Puerto Vallarta since 1989 just took on position as Signature Residences Real Estate Director at Garza Blanca Preserve. Besides full time options and spectacular two level penthouses, Nicole is very excited to offer a unique product to the South Shore and its residents’ growing needs of “more for less” resulting in a new fractional ownership offering!
The concept is very simple: Garza Blanca brings unrelated parties together to co-own a second home, similar to what friends and relatives have done on their own, for decades. Residences in this program are divided into fractions of 1/12 (4 weeks) per year, for life. For more information please contact Nicole Martin at (322) 176-0728, mobile phone (322) 137-3972 or visit www.garzablancaresidences.com
This past Wednesday, March 25th a party at the most pure Spanish style was held in Isla Palmares Condominiums Development, inside El Tigre Golf Course, a great night in which friends and personalities of the local real estate business community gathered together. The excuse, the great success of sales and marketing of this great project in such a short time since the re-launch.
With exquisite Barcelona Tapas appetizers, live music, giveaways and an attendance of over thirty agencies of Puerto Vallarta and Banderas Bay, the Spanish Night left the crowd delighted. Among the agencies that were present that night are Applegate Realtors, Global Real Estate Group Vallarta, OceanKey, Paradise Village Real Estate, Lemmus Mexico Resort Real Estate, Vertice Real Estate & Associates, Zamilpa Realtors and Prudential.
At a pleasant time of the evening Claudio Leone, Managing Director of Domus Vallarta, thanked and acknowledged the great work of his sales team and the important work the Real Estate Agencies have played and who have trusted and contributed to the successful sale of Isla Palmares and so achieving an important goal with happy and satisfied customers. Visit their Facebook Page to see photos of the event.
For more information about Domus Fine Real Estate and Isla Palmares visit www.domusvallarta.com
Once again the third annual Vallarta Real Estate Fair held Saturday March 28th offered many local residents, tourists, buyers and sellers of real estate the information they were looking for.
With a great attendance many visitors to the Fair were thrilled with the information that was available on such topics as available healthcare, insurance, property management and rentals, interior design solutions, title and escrow services, real estate photography, dental care, investment banking in Mexico, accounting and legal services.
With two sessions of conferences participants had the opportunity to ask the professionals about changes in Mexico’s Capital Gains tax laws, Mortgages for the foreign buyer, how to handle Capital Gains tax in the US on the sale of Mexican vacation homes, how to handle rental income in Mexico and the US, and who needs to report foreign bank accounts to the IRS. Also available were professionals to help prepare attendees to successfully rent their vacation homes and explain what pitfalls to look for in property management.
The 2014 Real Estate Market report was also an interesting part of the conferences showing the participants where the Bay of Banderas market was last year and what are the current market trends for 2015. The good news was very well received!
When the local Puerto Vallarta community comes together it is always fun but the opportunity to get important information to help improve Puerto Vallarta lifestyle and make the real estate investment experience satisfying and enjoyable at the same time is fantastic. In case you missed it, check out the image gallery below! For more information visit www.vallartarealestatefair.com
DINE, the master developer of Punta Mita (situated at the northern point of Banderas Bay), and JLL (Jones Lang LaSalle), together have announced a new luxury condominium development called Las Marietas to be situated along the 18th hole of Punta Mita’s Jack Nicklaus Signature Bahia golf course.
The project, so named for its spectacular view of the Marietas Islands that are located just off the coastline of Punta Mita, will encompass 42 residences with three and four bedrooms. Each unit will feature “lock-offs” (ability to separate the unit into two units), dual master suites, infinity-edge plunge pool and ocean and golf views. Three bedroom units have more than 3,000 sq. ft. while the four bedroom units have nearly 4,700 sq. ft. of living, terrace and pool areas. Prices start at $1.2 million USD.
Owners of Las Marietas have full access to the beach club at the St. Regis resort, along with all the benefits, amenities and services of Club Punta Mita, such as the beach clubs, tennis & fitness center, yacht pier, walking trails and the two Jack Nicklaus Signature golf courses. For more information visit www.puntamita.com or call (329) 291-6500
MEXLend, a leader residential mortgage broker in Mexico, recently launched new services and a new website to remain at the forefront in the highly competitive real estate market.
With over 10 years of experience in the market, MEXLend works closely with major financial institutions nationwide to provide access to the best mortgage loans in the country. Based in Puerto Vallarta, MEXLend has the ability to operate successfully in Mexico City, Monterrey, Guadalajara, Guanajuato, Los Cabos, Riviera Maya and Riviera Nayarit, among other destinations.
The new MEXLend website has been designed in a responsive manner based on their renewed corporate image to explain and promote new services available throughout Mexico. One service that has recently been added is the “Developer’s Solution” which allows developers to offer buyers a 10-year loan with a competitive rate of interest.
Developer’s Solution is an option that allows the developer to sell their properties with a pre-construction financing rate of 9.9% for 10 years. MEXLend is the only mortgage that offers this type of financing in the country, and a signing of a sales contract, the builder receives the total purchase price sale.
Also, the co-founders of MEXLend, David Schwendeman and Terence Reilly, have confirmed that their new Simultaneous Seller Carry Back Program being released in the Los Cabos will offer sellers much lower interest rates.
For more information about MEXLend call (322) 222-7377 or visit their new website www.mexlend.com
