PV’s History: Fishing Village to a World Class Tourist Destination

The rich heritage and history are just a few reasons why Puerto Vallarta is a favorite vacation destination in Mexico. Puerto Vallarta has become very popular and tourism is thriving. Puerto Vallarta’s origins have a lot to do with its close proximity to valuable mining centers in the Sierra region. In addition, the beautiful Bay of Banderas along with the Ameca River agricultural valley have contributed to the history and development of Puerto Vallarta over the years. Do you live in Villa La Estancia in Riviera Nayarit and want to learn more about your hometown? If so, continue to read below to learn more about PV’s history, and how today it is a hot spot for international tourists.

PV’s History: Fishing Village to a World Class Tourist Destination

Before the nineteenth century, there isn’t much-documented information about Puerto Vallarta’s history. Archaeologists have found evidence that Aztatlan people inhabited this area around 580 BC. Centuries later in 1524, the Spanish invaded the area which led the native people and the Spanish colonizers to battle. The battle was very large and it occurred between Hernan Cortes and up to 20,000 native Indians. Ultimately, Hernan Cortez won the battle which led to the Ameca Valley being controlled by Spain. The valley was later renamed Banderas, because of the vibrant and colorful flags that the native Indians carried with them when they were battling. Puerto Vallarta appeared on the maps and with sailing logs as a safe place for the Manila Galleon trade. The Banderas Bay beaches and the Banderas Valley were places that ships that could go to during their travels when they were seeking refuge or a replace to restock supplies. Also, Puerto Vallarta was an area where any smuggled goods could be sent forward inland to towns that were located near Mascota, so they could avoid customs that were located in San Blas, Nayarit.

Puerto Vallarta: The Transformation

Puerto Vallarta went through a major transformation during the sixties and seventies. With this transformation, the town was converted from a small fishing village into a world class tourist destination that it is today. The federal government of Mexico started off by resolving disputes with old properties that had stopped developing for most of the twentieth century. There were numerous communal lands that was converted into land that became privately owned. In addition, in 1973 revenue from land trust sales were used to assist the city to grow even more.

Puerto Vallarta: The Night of the Iguana Legend

Another major element about the history of Puerto Vallarta’s surrounds the filming of the “The Night of the Iguana” movie in 1964. The movie was directed by John Huston, an American director, and the movie was filmed in Mismaloya which is a small beach village just south of Puerto Vallarta,. The media in the United States covered the affair between Elizabeth Taylor (actress) and Richard Burton (actor) who were the two stars of the movie. The media news reported all the fights and lover’s quarrels that the two stars had during filming, and the media attention actually helped put Puerto Vallarta on the map for tourists in the United States who were intrigued by the drama.

Puerto Vallarta: Improvements with Transportation

Another aspect that played an important role in Puerto Vallarta’s history is that the Mexican government began investing in transportation to and from Puerto Vallarta in the late 1960’s which made it much easier for tourists to visit. The Puerto Vallarta International Airport was constructed, then ground transportation was also improved, so automobile traffic could be increased to the city as well. Also, on June 1st, 1970, the El Salado wharf was inaugurated, which made Puerto Vallarta the first harbor town in Mexico. Today, the cruise ship terminal is actually located where the El Salado wharf was initially developed, and Puerto Vallarta was officially designated as a city in 1968. The federal and state government in Mexico helped make Puerto Vallarta a tourist destination. In the 1970’s, hotel and resort development started to increase, and currently there are more than fifty 5-star and 4-star hotels and resorts in the area. Over the last several decades, tourism has significantly increased in Puerto Vallarta, and there are numerous expat communities with residents from Europe, Canada, and the United States purchasing Mexican real estate or buying a second home in the area.

Puerto Vallarta: Modern Day

Today, Puerto Vallarta has economic wealth due to its perfect climate, natural scenery, breathtaking beaches, and rich heritage. Back in the early eighties, the peso was devalued which made PV a super deal for foreigners visiting the area. In the early nineties, a federal Agrarian Law was put into place that allowed foreigners to own ejido land via bank trusts. More land and properties were able to be sold, which led to increased development and construction in private homes, resorts, and condos. Puerto Vallarta’s growth was on the rise again, which allowed many foreigners to invest in real estate in Puerto Vallarta. Today, tourists who want a great vacation that they can afford come to Puerto Vallarta because it is still reasonably priced.

This article was based around PV’s history, fishing village to a world class tourist destination. Are you interested in buying real estate in Puerto Vallarta now? If you are, then you should check out Villa La Estancia in Riviera Nayarit, a quiet and tranquil PV neighborhood located on Banderas Bay. Our private beachfront residences are solidly constructed and no attention to detail has been spared. Visit our property today for a tour, and soon you could be living the Puerto Vallarta lifestyle with your dream second home in paradise.

Puerto Vallarta: Dream Vacation Homes

Did you know that Puerto Vallarta is a top destination for second homes or vacation homes for expats? A recent online survey showed that Canadians rank Puerto Vallarta as their preferred location to own a dream vacation home. Using statistics gathered from Google searches, results showed that Mexico is the top choice for Canadians that want to purchase a second property abroad. In addition to Canadians, Americans and Europeans are also big investors in owning second homes in the area as more and more individuals and families are buying Puerto Vallarta real estate. Read below to learn more about Puerto Vallarta real estate, and why investing in a home at Villa la Estancia in neighboring Riviera Nayarit may be right for you.

Mexican Real Estate

Puerto Vallarta is experiencing a ton of growth and new construction as more and more people want to live in the area. Riviera Nayarit is an ideal location close to the excitement of the city, but with its own sense of privacy and security. While it is still a buyer’s market right now, and real estate prices are quite reasonable when compared with similar properties in the United States or Canada, trends indicate that real estate prices are on the rise. You can never tell how long great investment opportunities will last. If you are considering an investment in Puerto Vallarta real estate yourself, consider Villa la Estancia in Riviera Nayarit as a great choice. Remember, don’t hesitate too long as these high quality and sought after luxury properties will be scooped up fast by savvy buyers in the know.

Best Destinations for Buying a Dream Home

Since Mexico is expected to remain a top destination for a second home for foreigners, Puerto Vallarta and Riviera Nayarit are becoming more popular each day. Did you know that the area is currently the most popular destination in the country with nearly 3000 monthly Google searches? That number is twice as many searches that were completed on the next popular destination which is Playa del Carmen. Cabo San Lucas was the third most sought after destination, and Mérida was the fourth choice. Cancun rounded out as the 5th most popular location for a second home for foreigners.

Many Activities and Attractions

Why do so many people want to live in Puerto Vallarta and Riviera Nayarit? Besides the wonderful weather and climate, the area is also known for the endless amount of cultural and outdoor activities. Old Town Puerto Vallarta is an ideal mix of small town charm with big city attractions nearby such as great shopping and quality restaurants. It isn’t hard to find something fun to do day or night. With water sports such as kayaking, snorkeling and surfing, outdoor lovers will never get bored. Everyone will agree that the pleasant weather and miles of gorgeous beaches make living in PV a true paradise. Art and culture aficionados will be thrilled by the thriving art scene in Puerto Vallarta, and in the neighboring town of Bucerias in Riviera Nayarit. Home to many fabulous art galleries, Villa la Estancia homeowners will love looking for unique and beautiful local art to furnish their new dream vacation home.

Buy Real Estate at Villa la Estancia in Riviera Nayarit

Are you lucky enough to be ready to invest in Mexican real estate in the Puerto Vallarta area? If so, look no further than the luxury real estate residences at Villa la Estancia in Riviera Nayarit. Villa la Estancia in Riviera Nayarit real estate is situated on one of the most beautiful and private beaches in all of Banderas Bay with gorgeous ocean and Sierra Madre jungle views. With wonderful on site amenities, services and security, it is ideal for a second dream vacation home. Full and fractional ownership options are available so you can find the perfect fit for your investment. Villa la Estancia in Riviera Nayarit real estate is a great value for your money thanks to its quality construction and perfect location close to Puerto Vallarta, yet ideal for those who prefer a quiet home to live in. Gorgeous on site pools, fine dining restaurants, and an incredible spa and fitness center, Villa la Estancia is a great choice for Riviera Nayarit and Puerto Vallarta investors.

Ready to learn more and see what beachfront residences we have at Villa la Estancia that are currently available for sale right now? Visit our Villa la Estancia website today, and you can schedule an in-person tour to view our amazing property for yourself. Start living your best life now and see what you’ve been missing!

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Riviera Nayarit Real Estate Tips

Are you interested in owning Riviera Nayarit real estate? Just north of beautiful Puerto Vallarta in Jalisco, lies the up and coming state of Riviera Nayarit where you can find the luxurious Villa La Estancia. With many great Riviera Nayarit real estate options available for those individuals dreaming of a vacation home at the beach, Riviera Nayarit real estate could be in your future. Read below to learn how you can find the perfect Riviera Nayarit real estate property at Villa La Estancia.

Time To Buy?

In Riviera Nayarit and Puerto Vallarta, it is well known that there is a high season and low season that drives the tourism industry. High season is considered the cooler months between November through April. Low season in Puerto Vallarta and Riviera Nayarit is considered the hot and humid months between May and October. The seasonal tourism trends can have an effect on Riviera Nayarit real estate prices as well. With the increased demand and traffic that occurs during the high season months, the best time to buy could be at the end of high season or during low season. There will be less qualified buyers physically in town at that time that could be potential competition against you for a Riviera Nayarit real estate property that you want to buy. Less buyers means it will be easier to find the home of your dreams. In addition, many Riviera Nayarit real estate owners travel during the low season when temps are soaring, so more properties will be vacant which makes it easier to schedule multiple viewings in a short period of time.

Find An Experience Realtor

Anytime you are in the market for a new home, an experienced and reputable realtor is an invaluable resource to guide you through the purchase process. With Riviera Nayarit real estate, realtors can help maneuver the somewhat complicated process of buying a home in another country. Experienced Riviera Nayarit real estate agents will know the available properties that fit your search criteria, and they can help you securing financing if needed. Especially with the complications of having purchase contracts in Spanish, it is crucial to have a trustworthy and honest Riviera Nayarit real estate agent working with you. At Villa La Estancia, we have professional and motivated in-house brokers that can help you with your search to find the perfect residence right for you. Make sure to ask for referrals, and do your homework to ensure you only enlist the services of a qualified realtor.

Consider Your Riviera Nayarit Real Estate Budget

One of the most important considerations when buying a Riviera Nayarit real estate property is to make sure you create a budget. In Mexico, most properties are paid for in cash instead of obtaining a mortgage loan. It can be difficult to obtain financing in Mexico, and the interest rates are significantly higher than typical mortgage loans in the United States or Canada. Because of this, it helps if you are able to buy a property with cash if you want to make a Riviera Nayarit real estate investment. If that is not an option, luxury Riviera Nayarit real estate properties such as ours at Villa La Estancia in Nuevo Vallarta are pleased to be able to offer in-house developer financing. This is hard to find in Mexico, so a great option for those individuals who want the best, but can use a little help with their cash flow. We at Villa la Estancia is dedicated to making your homeowner dreams come true.

No matter what type of Riviera Nayarit real estate you choose, make sure you use a great realtor, buy at the right time, and adhere to your budget so that you do not overextend yourself and ruin your Mexico beach home dreams. Contact us at Villa la Estancia today by visiting www.villalaestanciarealestate.com. We are ready and willing to help you in your home search so you can start making incredible life memories now.

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Villa La Estancia: Mexican Dream Home

Are you a frequent visitor to the beautiful Riviera Nayarit and are considering investing in a dream home? Banderas Bay is home to some of the most breathtaking beaches and lush vegetation in all of Mexico making it a perfect locale for a Mexican dream home. Not sure which real estate development is ideal for your Mexican dream home? Look no further than Villa La Estancia which is located in the serene Nuevo Vallarta area in Riviera Nayarit.

Best location in Banderas Bay

While the quaint town of Puerto Vallarta is an amazing place to visit, many people prefer the more laid back and peaceful location of Nuevo Vallarta which is just a short drive north from Puerto Vallarta. Villa La Estancia is located in the middle of the Banderas Bay so you have great access to Puerto Vallarta in the south, and Punta Mita to the north. Exceptional climate and beautiful beaches make Villa La Estancia an ideal real estate investment for snowbirds who dream of escaping cold winters up north. What better place to relax and enjoy the small things in life than in your cozy, yet luxurious dream home at Villa La Estancia? Villa La Estancia provides the best modern conveniences, as well as creating a relaxing, tranquil paradise environment where you can de-stress and allow yourself to appreciate each moment. Villa La Estancia is an ideal investment opportunity for individuals who adore the natural beauty of Banderas Bay, and want a home base so they can regularly enjoy its many attractions. More and more individuals are investing in Banderas Bay and in Villa La Estancia, so take a moment and plan for your future now….wait too long and you may miss out on your chance to call Villa La Estancia your Mexican dream home!

Abundance of Attractions and Activities

Riviera Nayarit is well known for having a multitude of beach and outdoor activities for every type of traveler. With 7 world class golf courses in the Banderas Bay area, including the home of the 2002 EMC World Cup, golf lovers will be thrilled at the easy access to many golf courses. Do you love whale watching? There is no place better than whale watching in the Banderas Bay between the months of December and March. Want to get in on the action of city life in downtown Puerto Vallarta? There are many city, food and tequila tours in Puerto Vallarta to keep your appetite satisfied. Have you ever tried horseback riding on the beach? Well, you can now in the small town of Bucerias just minutes from Villa La Estancia. Ocean lovers can also enjoy snorkeling and scuba diving all year round as well. Get into nature with an exhilarating hike to a waterfall down south near Colomitos, or sit back and sip a fruity cocktail as you take in the sunset on an evening cruise in the majestic Banderas Bay. The majestic night lights of Puerto Vallarta’s romantic old town and pier will take your breath away.

Award-Winning Style

Villa La Estancia is a luxury, hacienda-style property perfect for those who want high-end quality and top-notch services, mixed in with the Mexican charm they love so much. Villa La Estancia is the recipient of the Four Diamonds award for excellence, and you can appreciate the elegance of Villa La Estancia which is evident in every detail of the resort from furnishings, to finishes to the beautifully landscaped grounds.

Restaurants and Spa

In addition to great amenities and spacious suites, Villa La Estancia has a world-class spa on site so you can pamper yourself as you deserve. The European style Tatewari Spa will let you truly relax and you can enjoy a variety of spa services from massages, pedicures, facials and so forth. There are two excellent restaurants available on site at Villa La Estancia. La Casona is an elegant steakhouse that serves hearty prime cuts along with its stunningly beautiful ocean views. Sit back and enjoy your meal with your family or friends and toast a glass of wine to the good life. When you’re in the mood for casual, Villa La Estancia’s poolside Parrilla Restaurant can bring your burgers, sandwiches, wraps, and Mexican seafood ceviches right to your lounge chair so you can work on your tan all day long. Lastly, if you find yourself so enamored by your spacious suite at Villa La Estancia, room service is just a quick call away so you can have breakfast (or lunch or dinner!) in bed. The choice is yours.

Villa La Estancia in Riviera Nayarit is the Mexican dream home you have been searching for…visit https://rivieranayarit.villalaestanciarealestate.com/ today to see what you’ve been missing!

Read this before you Buy Real Estate in Banderas Bay

If you are planning on purchasing real estate in Banderas Bay, there are a number of procedures and considerations that are worth reading up on to ensure a smooth experience. The following are some of the things you should know before you buy real estate in Banderas Bay.

Closing process when you buy real estate in Banderas Bay

The closing process to buy real estate in Banderas Bay is a little lengthy. It takes between 30-45 days to ensure all of your paperwork and escrow accounts are set up. The process must be carried out by a local public notary in Banderas Bay. The buyer pays the closing costs while the seller pays the capital gains taxes and real estate fees. Buyers and sellers do not need to be present at closing because both can be represented by their Sales Associate via a power of attorney.

Property Taxes for real estate in Banderas Bay

You can expect very low property taxes compared to USA and Canada when you buy real estate in Banderas Bay. The rate is usually around 0.08% of the assessed value and is known as ‘Predial’ in Spanish. House taxes should be paid yearly.

Insurance

Mexico has all the needed insurance for your property including liability, damage, property, and earthquake insurances. These are all available at low costs.

Property Managers

After you have bought a property in Banderas Bay, you might want to choose a property manager to look after your place. Especially if you will be away from your home for any length of time. As a second home homeowner in Banderas Bay, considering a property management company will be necessary, unless you have friends or family who can help you out.

Financing

Real estate transactions in Mexico are usually paid in full. Mortgages for foreigners are only available if you are a permanent resident working and paying taxes in Mexico. If you need extra financial aid, you might want to consider some sources back home like equity loans, second mortgages, personal lines of credit, among others. Otherwise, you will be expected to pay in full.

Rental Potential

One of the advantages, when you buy real estate in Banderas Bay, is that you can expect good rental potential. Quality properties in Banderas Bay are competitively priced. You can expect to rent your property as well as good hotels with an average occupancy of 60-80% annually. Take note that Banderas Bay enjoys a very strong rental market for both homes and condos.

Equity

Short-term property speculation is not a concept readily applied to the Mexican real estate market; but if you own in the most desired tourist areas, you will certainly see a rise in property values. Most buyers who have purchased real estate in Banderas Bay usually want to enjoy their property as a vacation home.

Are you getting a good deal?

Definitely yes! When you compare what your money could buy, in relative terms, with the housing market outside of Banderas Bay, you can assure of getting a good deal. Make sure you have considered the following factors like local beauty, ambiance, safety, cost of living, and life goals.

Maintenance

Don’t forget to calculate a budget to maintain your property in Banderas Bay. You should consider general wear and tear, roof tiles and plumbing etc. You also need to pay any maintenance fees on common areas, if applicable. Common area maintenance and security is usually handled by each building’s Condominium Owners Association.

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Booming Real Estate Market in Puerto Vallarta for 2018

With so much uncertainty going on in the world, many people are flocking to Mexico to invest south of the border. 2018 looks to be a great year for real estate market in Puerto Vallarta and Banderas Bay. Find out why.

Buyer’s Market

It’s a buyers’ market right now in Puerto Vallarta and Banderas Bay; and 2018 looks like it will continue the trend. You will find a host of great quality, high value properties available for purchase.

US Dollar

The US dollar has a big bang for its buck against the peso right now. When purchasing property in Mexico, you will find you can afford something much more luxurious. The exchange rate will certainly be in your favor when spending US or Canadia dollars as well as Euros.

Quality of life

Speaking of dollars, the quality of life in Mexico is very appealing. Domestic staff is affordable, handymen are abundant and services and product are very reasonably priced allowing you to live at a more luxurious level than that you are accustomed to.

Buy to rent

If you are not ready to move for the 365 days a year, you can market your property easily on sites like AirBnB and VRBO or local rental agencies. This brings in a nice income that can help pay expenses like maintenance fees or a mortgage if you have one.

For all budgets

For all budgets there is a property to suit! Build a house; buy a small house or mansion, loft-like condo? low rise high rise, on the beach, off the beach. We have it all in the Bay of Banderas. A good real estate professional will show you all the options.

Happy investing!

Key Parties in Buying Mexican Real Estate at the Beach

When non-Mexican nationals buy Mexican real estate at the beach there are four key parties involved in the process in addition to the buyer. Buying Mexican real estate at the beach means that you will be purchasing within the restricted zone that is applicable when the property is within 50 km of the beaches and borders of the country. While it is still totally possible for foreigners to purchase Mexican real estate at the beach within the restricted zone, it requires an extra step, as you will see explained below.

Key parties in Buying Mexican Real Estate at the Beach

● A realtor (optional)
● Buyer’s Attorney (optional)
● Fideicomiso Bank trust (obligatory for foreigners)
● A Notary (obligatory)

A realtor for buying Mexican real estate at the beach

The real estate company offers much needed support and guidance when it comes to finding and buying your home, but also when it comes to the processes, laws, and regulations of real estate in Mexico. Each and every country has it’s own process when it comes to buying property so it never hurts to have the help of experienced and knowledgeable individuals. Nevertheless, using a realtor is not essential and you may well find a property for sale by other means.

Buyer’s attorney

Like using a realtor for buying Mexican real estate at the beach, hiring a buyer’s attorney is not essential, though very reassuring and useful. An attorney will represent and protect you in all legal dealings. In this case they can draw up contracts and reviews the terms and conditions of the sale as well as providing advice. However, only a licensed Mexican attorney should provide such advice as foreign attorneys are not licensed to practice law in Mexico and will not be qualified to provide you with advice on these matters. An attorney may also help you save money as they will be aware of the standard costs and fees and will be able to work to get you the best prices at each stage.

Notary

A Notario Publico (Notary) is a licensed Mexican attorney who has been certified by the state and federal governments to act as an unbiased and official representative for the Mexican government. There is no way that you can purchase Mexican real estate at the beach (or anywhere else in Mexico) without the services of a notary. And that goes for both foreigners and Mexican nationals. Notaries in Mexico have similar duties to those performed by Canadian notaries and have great responsibility (more than a notary would in the US, for example). A Notario Publico has to pass stringent exams and is considered a governmental official; their duties include providing strict security when it comes to original records and documents. They record all documents with the Public Registry of Property, and could be held liable in a court of law if something goes seriously wrong! The role of the notary is so important that any real estate transaction not ratified before one (and duly recorded) is considered invalid and unenforceable! In real estate transactions the notary is equally responsible to the buyer and seller, but ultimately works for and answers to the Mexican Government.

Fideicomiso bank trust

Finally, if you want to buy Mexican real estate at the beach you are going to be buying a property within the restricted zone. This means that you will require a Trustee Bank to act as a fideicomiso (trustee) for you. You can choose any established and qualified bank so long as they are registered in Mexico and have a Trust Department; the bank will ensure that the closing is legal and appropriate and will issue a trust for the real estate for your use alone. The bank cannot transfer ownership, change beneficiary rights, or do anything with the property without your written instruction, too, so you can be sure it is totally legitimate and safe. Better yet, Mexican banks have the protection of the government when it comes to warding off bankruptcy; the trust is guaranteed indirectly by the government.

If you buy property in Mexico you’re likely to deal with these four key parties at some point or another.

Top Tips for Finding the Best Real Estate in Puerto Vallarta and Riviera Nayarit

With some simple steps, finding the best real estate in Puerto Vallarta and Riviera Nayarit is easy. Here are some strategies you might want to employ to help you in your quest for a vacation home that is tailored to your needs.

Choose the right time to buy

The end of high season is a great time for finding the best real estate in Puerto Vallarta and Riviera Nayarit as this is the time when most of the expats and snowbirds have gone home for the summer. You will find that real estate agents have more time for you and are more likely to focus on finding you exactly what you want. Furthermore, properties are more likely to be vacant during this time, so you will find scheduling multiple visits to see real estate in one day much easier. You will also get to see the property in the rainy season, which will highlight any leaks or mold problems, as well as issues you might find with regards to airflow.

Get a good real estate agent

It is the job of a good real estate agent to manage expectations and make sure people know exactly what to expect when looking for investment properties in paradise. You also need an agent who can be honest with you about costs and your chances of finding what you want within your budget. Alongside a good real estate agent, you will also want to have a reliable real estate attorney and notary, both of whom a reputable real estate agent can recommend.

Buy Property You Can Afford

Make sure you have the capital to invest in real estate in Puerto Vallarta and Riviera Nayarit. Most properties in Mexico are paid in full rather than using a mortgage, although Mexico’s mortgage lending business is growing steadily. In addition, mortgage interest rates in Mexico are very high. Some high-end properties, like Villa La Estancia Real Estate, offer developer financing, which is a great option. Nevertheless, the best rule of thumb is to buy real estate in Puerto Vallarta and Riviera Nayarit that you can afford.

Consider YOUR expectations

How many times have you been told: “Don’t buy near the beach because properties are more expensive” or “Find real estate out of town, so it’s cheaper!” While you will find real estate in Puerto Vallarta and Riviera Nayarit to be much cheaper in less desirable locations, you might want to reconsider why you want to move to Banderas Bay. If your goal is to live cheaply, then by all means, choose a cheaper neighborhood; however, if your goal is to experience the wonders of this breathtaking location, then choose real estate that matches your expectations. You might also discover that properties by the sea are not out of your reach.

Be realistic

Take into consideration how often you will realistically be able to use your property; how many times a year will you visit. If you are planning to live in your home full time or for long periods, you will need a different kind of property than if you were buying real estate in Puerto Vallarta and Riviera Nayarit as an investment to rent.

For help and guidance navigating the world of real estate in Puerto Vallarta and Riviera Nayarit, call us today on 1 866 843 7005 and we will help you discover the most beautiful beachfront properties on Banderas Bay.

 

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