Monday, February 22, 2010

New Condo Development in Puerto Cancun

Mexico is regarded as one of the best retirement and tourist destination for North Americans. Many cities and towns in Mexico have been on high infrastructure growth trajectory which means retirees from USA and Canada can expect not only beautiful locales, a sunny climate but also world class facilities and amenities.

For retires and investors alike, Mexico Real Estate market represents an opportunity not only of living in luxury and warm weather but also invest in one of the most lucrative real estate market. A Popular tourist destination - Cancun right now is holding the best growth possibilities. Recently, Maioris Group International – one of the big real estate developers held the grand opening of Maioris Tower luxury residential complex. It is situated in the heart of Puerto Cancun, alongside the Caribbean Sea. Cancun Port is considered to be one of the most sought after and largest real estate developments in the Mexican Caribbean with 2km of virgin beach and a 300-berth marina. It also boasts of an 18-hole golf course designed by Tom Weiskopf. Cancun Port is divided into an exclusive area for villas and apartment buildings. It has a beach club, shopping area, hotel area and marina.

The Maioris Tower residential complex is a 20-storey building with spectacular views of the Caribbean Sea and Isla Mujeres. It has ninety two - 2, 3 and 4-bedroom luxury apartments, ranging from 182 sq m to 350 sq m, 6 single-floor 413 sq m penthouses, and a triple penthouse of over 900 sq m with a private swimming pool.

This shows increased confidence of the real estate developers in the potential growth of Cancun Real Estate. Despite the global economic turmoil in 2009, the group moved ahead with the development confident that Cancun region will show positive long term results.

This condo development is an ideal investment for both real estate investors and retires.

Cancun and the state of Quintana Roo currently shows a strong level of support from committed investors and, in terms of real estate, Cancun will fair better than other cities in the Caribbean, not to mention many U.S. real estate destinations.

Over the last few years, Cancun has been a preferred destination for real estate developers as it is an established tourist destination which is strategically located in the State of Quintana Roo which also has Cozumel and Playa del Carmen. Cancun has an international airport which means better connectivity with the rest of the world. Cancun has also become an international business and travel hub.

Realty Executives Mexican Caribbean offers many investment oportunities like Cancun Real Estate, Beachfront Condos, Homes, Rental Villas, Apartments etc. If you have any questions or advise regarding Real Estate in Cancun, Feel free to contact Tom Budniak for the best deals in Mexico Real Estate.

Monday, February 15, 2010

Title : Puerto Vallarta a Real Estate Destination for Golf Lovers



Puerto Vallarta Mexico real estate always offered something extra special. Be it its old world charm or beautiful natural settings or art & music, Puerto Vallarta never fails to enchant its lovers. Puerto Vallarta also has a thriving water sports and adventure to keep those young at heart completely engaged. For golfers, courses designed by Jack Nicklaus and Tom Weiskopf among the 7 championship layouts in the area are Boons. Puerto Vallarta 's climate makes golf a year-round option.


And now to make, Puerto Vallarta Real Estate region much more exciting for golf lovers, Jack Nicklaus inaugurated second signature golf course in Punta Mita. A large and excited crowd of golf lovers gathered on November 16 to see golfing legend Jack Nicklaus inaugurate his second signature golf course in the famous Punta Mita resort community, located just 28 miles north of Puerto Vallarta. According to Andres Rossetto, managing director of Punta Mita resort development, “Mr. Nicklaus has created another masterpiece for Punta Mita, enhancing the overall experience for guests and homeowners and completing our transformation into one of Mexico 's greatest golf destinations”. He added - “Punta Mita is all about luxury and exclusivity, and having two private Nicklaus Signature Courses is an amenity you won't find in any other resort community in Mexico.”


“You would be hard-pressed to ask for a more beautiful backdrop for a golf course than Punta Mita,” stated course designer Jack Nicklaus. “To be given spectacular oceanfront land as a canvas not once, but twice, here at Punta Mita is exciting for a designer, and it reflects a commitment from ownership to provide a memorable golf experience. I'm confident people are going to enjoy the challenge and beauty of this golf course, as well as the incredible scenery.”


Punta Mita's first Nicklaus Signature Course is Pacifico, which opened 10 years ago. The par-72 course (7,104 yards) offers spectacular scenery with eight beachside holes. Golf course's salient feature is the one-of-a-kind alternate Hole 3B, called Tail of the Whale. Players tee off from the shore to the hole 199 yards away on a natural island in the Pacific Ocean . At low tide, a submerged stone path to the green becomes passable.


Puerto Vallarta has been a one of the favorite destination for Mexico Real Estate Investment as it offers world class facilities, amenities and infrastructure. Now, with the opening of this new golf course, Puerto Vallarta real estate region has another feather in its cap.


Realty Executives Costa Vallarta offers many investment oportunities like Puerto Vallarta Real Estate, Beachfront Condos, Rental Villas, Apartments in Mexico. Feel free to contact Tom Budniak or advise regarding Puerto Vallarta Real Estate for the best deals in Mexico Real Estate.

Wednesday, February 3, 2010

Thinking of Retiring in Mexico?



Mexico has always fascinated Americans. Many Americans toy with the idea of retiring to Mexico all their lives and many of them do take the plunge. As the cost of living in USA is increasing every day and standard of living Mexico improving, more people are opting to retire permanently to Mexico. A retirement destination with sunny climate, beautiful beaches, friendly people, good medical care facilities, stable government, booming economy and world class real estate – Mexico is all this and more. The best part is that one can retire in Mexico and lead a very comfortable life for very less as compared to USA. Retiring to Mexico is not as complex as people think. In fact, Mexico is retirement friendly.


The Mexican authorities offer attractive benefits like a special visa and inexpensive health care for expats who come to Mexico attracted by the warm weather and white beaches. The “rentista” is a special type of non-working visa available to retirees 51 and older. To obtain a “rentista”, an expat needs to provide a letter from the bank or social security administration confirming that he/she receives a certain minimum income each month. Expat Retirees are also eligible for IMSS, medical insurance system. MSS stands for Instituto Mexicano del Seguro Social. It's a Mexican social security plan that costs $200 per year and covers medical, dental, and vision care. IMSS gives you complete coverage including prescription meds except for certain preexisting conditions that have varying time periods before they are covered.


To encourage retirees to buy Mexico Real Estate, Mexican government has made buying property in Mexico for foreigners a simple process. Non-Mexicans can obtain direct ownership of property in the interior of Mexico. However, foreigners cannot own property outright within the restricted zone i.e. property in Mexico within 50 miles of the coast or 100 miles of a national border. Foreigner needs to set up a Mexican corporation which will technically own the land or a beneficial trust called a fideicomiso.


While buying Real Estate in Mexico, an expat make sure to contact a reputable real estate agent to help you get your corporation or trust established in right order. Since, there is no real estate license system for selling and buying property in Mexico, meaning that anyone can be a real estate agent whether or not they are familiar with the intricacies of laws and procedures. Before purchasing property in Mexico, research real estate companies and choose one only after evaluating their experience, references and communication skills.


Since property taxes in Mexico known as Predial is substantial lower in Mexico as compared to USA, buying Mexico real estate makes more sense than ever. You need to pay taxes only on slated sale price every year even if the property's value increases.


The manifold benefits to retirees such as cheap luxury condos, affordable healthcare system, breathtaking beauty, relaxed atmosphere and rich culture are just what expats look for and get in Mexico. If you're contemplating about retiring and purchasing home in Mexico, you're in for an exciting journey.



Realty Executives Mexican Caribbean offers many investment oportunities like Mexico Real Estate, Beachfront Condos, Rental Villas, Apartments etc. If you have any questions or advise regarding Mexico Real Estate, Feel free to contact Tom Budniak of Mexico Realty Executives for the best deals in Mexico Real Estate.


Tuesday, February 2, 2010

Title : Mexico Real Estate Investing - How to go about it?




When it comes to Mexico Real Estate investing, there are options galore. But before taking any step, the prospective Mexico Real Estate investor needs to understand the buying process, the inherent risks and the return on income he can expect. The first step is to select the destination according to your budget, lifestyle, weather, infrastructure and family needs. Are you buying Mexico property as an investment or do you intend stay there. If you are buying as an investment option, which you can selloff when the price of your Mexico condo appreciates or rent it out for regular income stream, then you need to research all the factors, trends, the growth prospects, local economy, tourism and infrastructure development. All these factors have bearings on the value of a property. If you buying property for personal use then it's possible that you have already selected the destination.



Once you have finalized the city or town where you will be buying your Mexican property, then search for people who know the area well. Ask your friends who may have some experience with that area. Research on internet – there are many forums and internet communities where you can get valuable and unbiased information. You can find people on forum which have taken plunge just like you and have gained experience by hit and trial method. You can learn from their experiences and avoid making same mistakes. For any real estate transaction, a good, trustworthy real estate agent is very important. Find a realtor who has complete knowledge regarding the locality and the all the legalities regarding purchasing Real Estate in Mexico. A Mexico real estate agent will also give inputs regarding Mexican lawyer, escrow companies, mortgage companies, bank trustees, public notary etc. Shortlist few realtors and fix meetings with them. Try to gauge their knowledge, experience and commitment to their clients. If possible try to speak to their earlier customers. Check their testimonials.



After the real estate agent has been finalized, the important job of selecting the property to buy has to be started. You should let your realtor know your budget range, locality preferences, amenities you need and type of house. Mexico has everything – from high rise condos to colonial style homes. A real estate agent should be able to present to you a wide range of properties according to your tastes. Once you get the list, visit the properties, check all amenities and inspect the property thoroughly.



Once, due diligence is completed, then you can go ahead and start with other formalities and complete your real estate transaction



Realty Executives Mexican Caribbean offers many investment oportunities like Mexico Real Estate, Beachfront Condos, Rental Villas, Apartments etc. If you have any questions or advise regarding Mexico Real Estate, Feel free to contact Tom Budniak of Mexico Realty Executives for the best deals in Mexico Real Estate.