Riviera Nayarit Banderas Bay

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Destinations, FAQ, Full Ownership, Real Estate

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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by VLEAdminRE,
Destinations

Health Benefits of Swimming in the Ocean

The inviting waters of the sea are enjoyed by many people of all ages and persuasions across the world these days, but did you know that the practice of soaking, swimming, and bathing in sea water as a method of beautification and health maintenance is thousands of years old? It is! In fact, the practice dates back to the times of ancient Greece!

It seems the Grecians knew what they were about, as well; certain studies have shown that sea water can be good for your skin and hair as well as your nerves and circulation! Of course, while the Grecians like to bath in warm sea water in tubs or pools, we tend to enjoy it at source, so to speak, these days.

Here are some of the health benefits you can look forward to when you purchase property on Banderas Bay, Mexico.

  • Boost Your Immune System by swimming in the ocean

Thanks to the natural blend of salts, minerals such as magnesium, vitamins, amino acids, living microorganisms, and trace elements to be found in seawater it can be great for many things. This includes our immune systems; the sea can have antibiotic and antibacterial properties which keep us healthy, and swimming in these waters can open your pores to flush out toxins. Better yet, the sea air is full of negatively charged ions which can improve your immunity when they attach to your lungs.

  • Better circulation

Amongst other health benefits, swimming in the ocean can improve your circulation, and it’s not just about the exercise; the waters themselves may improve your circulation by causing your heart, veins, arteries, and capillaries to carry oxygen rich blood from your heart throughout your body at an increased rate. Seawater therapy consists of swimming or bathing in warm sea water in order to restore essential minerals that have been lost to stress, toxins, and unhealthy living.

  • General well-being

Many people turn to the waters of the ocean for its overall well-being and health benefits; swimming in warm seawater may help your body to combat conditions like arthritis, bronchitis, inflammatory disease, and many miscellaneous aches and pain. In fact, because seawater is magnesium rich it can also help to lower stress and lull you to sleep by calming nerves and irritability.

  • Beautify your Skin

As well as health benefits, swimming in the ocean can improve your skin. The magnesium in seawater can also help to moisturize your skin and reduce flaws in its appearance. You may see a reduction in redness, roughness, and uneven skin tone if you regularly bathe in sea water.

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by VLEAdminRE,
Full Ownership, Real Estate, Residences, Riviera Nayarit

Invest in Peace, Rest and Real Estate in Banderas Bay

Those in the know understand that in order to be financially strong and secure you should invest when you can, and few investments are so secure and tangible in the long term as real estate. After all, the term “bricks and mortar” has become a byword for stable and secure investment for a reason!

Invest in peace, rest and real estate

When you invest in a property in a vacation hotspot you get rental and growth potential, but also a place which can nurture your health and happiness as well as your wallet! Bitcoins and the stock exchange may promise big rewards quickly (or big losses!), but they cannot bring the joy that a vacation home will;

What’s the point of owning a second home and investing in real estate?

A second home can support you with rental income, provide rest and relaxation as a vacation pad, and is a long-term investment which can safeguard your future. If you want all the benefits with less of the responsibilities you can always go for fractional ownership when you purchase a property at Villa La Estancia real estate.

Why invest in Real Estate in Puerto Vallarta and Banderas Bay

Why Puerto Vallarta and Banderas Bay? Well, this is one of Mexico’s premier vacation hotspots, but it is less busy and sprawling, perhaps, than Cancun. During the world financial crisis real estate prices slumped, but the market is now recovering; this is the perfect time to buy in this area.

The city itself has much to offer; during snowbird season there are plenty of budget charter flights, and it’s within easy reach of an International airport which offers direct flights to big US and Canadian cities. Your family and friends could easily visit you when you stay in your Puerto Vallarta home, and such proximity will up the potential vacation rent you can expect to garner.

The thriving expat community and many different activities and sights are a draw for tourists from across the globe, and will make your own stays in any home you buy wonderful. You can expect to find theatre, gourmet food festivals, whale watching, Spanish lessons, writing groups and, of course, wonderful weather all year long!

Invest in peace, rest and real estate at Villa La Estancia

If you decide to go with full or fractional ownership at Villa La Estancia Riviera Nayarit, you can be sure that you’re investing in rest, relaxation, and tranquility! This is the privileges of home ownership combined seamlessly with luxury resort living! When you own a Villa La Estancia residence, known as villas, you can enjoy gourmet dining, multileveled, pools jacuzzis, and of course all the natural wonders that can be found in the surrounding areas.

A second home Villa La Estancia Riviera Nayarit is a real estate investment that pays in more ways than one!

by VLEAdminRE,
FAQ, Fractional Vacation Ownership, Full Ownership, Residences, Riviera Nayarit

Interesting Facts about Banderas Bay

Banderas Bay is one of the most stunning and desirable vacation spots in Mexico, and there is no doubt that Puerto Vallarta and Riviera Nayarit provides the best base from which to sample all the delights of this region. If you read on you’ll find out some really interesting facts about Banderas Bay with which to impress your friends when you get together again.

Los Muertos Beach

Los Muertos beach is one of the most beloved beaches around Banderas Bay, but many people are a little put off when they realise that the name translates, literally, to The Beach of the Dead. Legend has it that, centuries ago, locals fought off a pirate raid on this beach, and did so with such ferocity that many pirates died on the sands. If you talk to locals in the bars they’ll happily tell you about how many skeletons were found when the first hotels were being built on the beach! Nonetheless, any party you have here is sure to be lively so don’t give Los Muertos the swerve!

Banderas Bay

Banderas Bay is the biggest bay in Mexico, but it’s also one of the deepest and largest bays in the world as a whole! Sitting at over 900 meters it is practically fathomless, and at 42 kilometres wide it is in amongst the 10 largest in the world. The name Banderas, too, has significance as it is based on the Spanish word for flag! It is said that the Spanish Conquistadores, upon arrival, faced 20,000 armed natives with feathered flags, ready to defend their territory!

Las Peñas

The town of Puerto Vallarta, that sites at the heart of Banderas Bay, used to be called Las Peñas, in the 1800s, but was renamed after state governor Ignacio Vallarta in the 1900s.

Source of Income

Today, Puerto Vallarta’s 9 billion peso economy is based most upon tourism and the service industry, but before it became such a hotspot the town was a fishing centre. In those days the main source of revenue for Puerto Vallarta was the export of Corn, Coconuts, Beans, and Bananas to the USA (and, of course, feeding the local market).

The Movie Industry

Many famous faces have graced the shores of Banderas Bay for business and pleasure, and Puerto Vallarta, arguably, became what it is today because of one special movie. The Night of the Iguana, starring Richard Burton, put Puerto Vallarta on the map and the romance of Burton and Elizabeth Taylor made it infamous! This is, arguably, why so many big budget films (like 2011’s Limitless) have been filmed here since. These sands have seen the likes of Robert De Niro and Arnold Schwarzenegger!

Population

In the 1880s Puerto Vallarta had a population of around 1,500 people; today there are over 300, 000 inhabitants in Puerto Vallarta. The population boom was sudden and exponential. In the last 20 years the population has grown by a staggering average of 7.5% each year!

Mariachi Music

If you’ve been to Mexico before you’ll know that this is a culture which loves to party, and mariachi music is a key part of this! The state of Jalisco, where you can find Banderas Bay and Puerto Vallarta, is the epicentre of mariachi and in Puerto Vallarta alone you will find dozens of talented groups. There’s even a kids mariachi band in the city!

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

by VLEAdminRE,
Riviera Nayarit

Sea Turtles in Riviera Nayarit

Banderas Bay and Riviera Nayarit has long been a top tourist destination and locations like Puerto Vallarta and Nuevo Vallarta are the crown jewels, so to speak, of the region. The tourist trade has done wonders for these destinations, making them vibrant and bustling, What is particularly enchanting is the way that the area’s wildlife lives side by side with tourism: sea turtle season being a great example of how a vacation in Riviera Nayarit will have you up close and personal with one of nature’s most beautiful creatures.

Sea Turtles in Riviera Nayarit

Sea Turtles are a beloved and longstanding part of the Riviera Nayarit ecological make-up, but in recent years their numbers have declined. Therefore, for the last thirty years Riviera Nayarit locals, hotels, restaurants and tour companies have been getting together to fight for the survival of the Olive Ridley Sea Turtle, and other similar species.

The beaches of Riviera Nayarit and Puerto Vallarta are host to swathes of turtles every year between July and December, as they ready themselves to bring forth the next generation. Pregnant sea turtles spend hours and hours digging the perfect nest for their eggs, and it’s not uncommon to see a whole group of them waddling about the beach in front of Villa La Estancia Residence in Riviera Nayarit at night during turtle season. It really is quite a sight to see!

Once the turtles deem their nests to be satisfactory, they will lay their eggs, bury them and return to the sea for another year. The cycle begins again when the baby Turtles hatch. Baby Sea Turtles have a rocky start in life; between airborne, landlocked and sea dwelling predators, poachers, and the struggle to even get out of their shells, let alone the danger of being dug up and devoured before hatching. Statistics reckon that 1 in 1000 will make it to adulthood. So you can see that they need all the help they can get.

Helping Sea Turtles in Riviera Nayarit

This is where guests and owners at Villa La Estancia Residences come in and the many dedicated conservationists. It’s very easy to do your bit for the endangered Sea Turtles in Riviera Nayarit while you’re on vacation in Banderas Bay. For a start you can be sure that you don’t interfere with the females while they lay and bury their eggs! You should also report anyone who does to the hotel or to local authorities.

Also, you can support one of the many conservation projects in the city by visiting open days and attending hatchings. Attending turtle releases really is beneficial; research has shown that spectators at such events ward off some of the turtle’s natural predators as well as poachers! Ask the activities team at Villa La Estancia Residences to tell you where the next sea turtle release will be in Riviera Nayarit. You may find there is one planned right outside the hotel.

Nothing makes a vacation truly magical quite like seeing these adorable reptiles scurrying towards the sea for the first time!

by VLEAdminRE,