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
A joint venture between locally based Connell & Associates and Thomas Title & Escrow (headquartered in Dallas, Texas), has created a new escrow company to service the local region, as well as, all of Latin America. The primary objective of TLA Services is to provide best-in-class escrow services to help their clients safely and securely navigate the often complicated world of commercial and residential transactions.
TLA offers procurement escrow services for many types of transactions, such as the payment of notary and government fees in business transactions, attorney fees, contractors, bank trust fees, property taxes and other annual fees, insurance policies and the management and supervision of accounts collectables/receivables.
The demand for a secure manner to compensate third parties in Mexico and Latin America has increased, in part, as a result of legal and regulatory changes regarding foreign investment. TLA, as an intermediary, allows an efficient and secure mechanism to ensure that contracting parties receive the benefit of what they bargained for. They help their clients navigate cultural, financial and practical issues involved that can arise when doing business in Mexico or Latin America, or especially, in a foreign language.
TLA is a U.S.-based company which states that they provide U.S.-style escrow services to settle transactions with safety, security and flexibility. Clients’ escrowed funds are held in U.S. bank accounts which is insured by the Federal Deposit Insurance Corporation (FDIC), and their affiliates are licensed and regulated by multiple regulatory agencies in several U.S. states. TLA also provides a layer of additional security to ensure sensitive bank account information in international transactions is secure.
For more information visit www.tlaservices.com.
In late January the Giddings family held an open house at Ocho Cascadas, an awarding winning architectural icon situated on the hillside above Vallarta, within the enclave of Conchas Chinas, to announce their new plans for this idyllic project. Built by the family patriarch, Edward Giddings, in the late seventies, it has been a favorite vacation getaway for a fortunate few for more than thirty years. Giddings himself was an award-winning California architect who came to Mexico many years ago and left behind beautiful architectural masterpieces in both Vallarta and Los Cabos.
Ocho Cascadas is built around a cascading waterfall that begins at the roof and flows through each villa until reaching the bottom villa. Situated high above the town, it offers panoramic, spectacular views from all units.
And now it is available to others who may wish to have something very special in Vallarta that they can call home, as the property’s nine villas have been “fractionalized”, so you can buy the amount of time and ownership you need, or only need.
For more information regarding Ocho Cascadas and its new ownership program, call (322) 221-5278 or visit www.ochocascadas.com
