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Puerto Vallarta Sculptures on the boardwalk - Nostalgia
Destinations, Real Estate, Residences

The Malecon – A Stunning Boardwalk in Puerto Vallarta

Puerto Vallarta, Mexico boasts an amazing feature that is beloved by many people including locals and visitors: The Malecon. This famous boardwalk has a beautiful view of the ocean overlooking Banderas Bay, and it is a mile long. It makes up a wall which protects the many restaurants, shops, and bars from Banderas Bay and the Pacific Ocean. The Malecon is considered to be the focus of the downtown section of Puerto Vallarta and is enjoyed by locals and tourists everyday of the year. When you become an owner at Villa la Estancia Residences, a Sunday stroll on the Malecon will become part of you personal story too. Just think, you can look out to sea and watch the sunset without getting sand in your shoes.

Anyone who visits Puerto Vallarta should definitely visit to the Malecon, and it is one place that you will return to time and again. You can never tire of the Malecom. There are several restaurants, shops, bars, and nightclubs as well as other attractions. It is possible to see the sun set as you eat your dinner on the boardwalk or walk hand in hand with an ice cream or frozen yogurt. Banderas Bay’s Malecon is surely one of the best places to view a sunset, second only to the comfort of your own balcony at Villa La Estancia Residences.

2011 Renovations

If you haven’t visiting Puerto Vallarta in a few years, then you might be interested to know that in 2011, there were renovations done to the Malecon, which has made it all the more beautiful. Pedestrians can now enjoy an even better experience at this locale, with beautiful surroundings of tropical plants, palm trees, and bugambilia. The indigenous tribes of this area also are honoured with artwork on the streets to represent sacred Huichol symbols. They depict nature, the cosmos, and animals. This is a wonderful sight to behold.

Art and Theater

Speaking of art, there are sculptures all along the boardwalk that have been created mainly by the local Mexican artists. You might wish to go on a guided English-speaking tour to learn more about the sculptures, which tell you a lot about the artistic heritage of Nayarit and Jalisco states in Mexico. You can request additional information at Galeria Pacifico. Free performances are held at the outdoor amphitheatre that is near Our Lady of Guadalupe church and the plaza. Street performers, merchants, and artisans entertain and sell their items at this location.

The New Pier on Los Muertos Beach

Travel towards Old Town and you will also find a brand new pier, from where you can go on a water taxis to travel to idyllic beaches which may only be accessed by boat.

by VLEAdminRE,
FAQ, Real Estate, Riviera Nayarit

Can Foreigners Buy Real Estate in Mexico?

Foreigners can easily buy real estate in Mexico, and many people from the United States, Canada and Europe have done so without any problems. There are certain restrictions that apply, which can be simply resolved but which should be taken into consideration so there are no surprises.

Restricted Zone for Foreigners Buying Real Estate in Mexico

The ‘restricted zone’ in Mexico for foreigners buying real estate is designated up to 62 miles from the borders and up to 31 miles from the coast. What this means is that foreigners are not allowed to hold the direct titles to land and property in these areas. So how do foreigners buy real estate in Mexico’s beach destinations? Well, that is where Mexico’s “fideicomiso” comes in to save the day. Essential the fideicomiso is a bank trust that holds the title of the land on your behalf in order to comply with constitutional restrictions.

Background to Fideicomiso

Since 1917, in response to the Mexican Revolution when the Mexican Constitution stated that all foreigners were prohibited from holding any ‘fee simple’ titles on property located in the restricted zones, it has not been possible for foreigners to buy property without a fideicomiso. In an attempt to avoid scams in the 1970s where foreigners would have to “borrow the names” of Mexican nationals to open their businesses, Mexico’s Foreign Investment Laws began allowing corporations to own the titles on properties in the restricted zones, but titles for residential properties were still restricted.

Nowadays, Mexican banks support a law that now lets foreigners own and enjoy any property in the restricted zones legally. Foreigners can purchase the property without just being an investor under a fideicomiso trust.

How does fideicomiso work?

The Mexican fideicomiso will permit non-citizens of Mexico to purchase real estate in the restricted zone if they allow the bank to be the trust holder of the property. The Mexican banks would be the Fiduciary of the property or the trustee. The trustee will take the title of the property and hold it to meet all laws governed by the constitution in Mexico. The trustee is not allowed to sell the property, because you are still the owner. You are the beneficiary of the property, and you hold all rights to the property. The bank and trustee just holds the title of the property, so everything is legal.

There is a fee that you will pay to the Fiduciary Bank for the trustee contract, which is usually somewhere in the region of $500 USD per year and you may also be responsible for any maintenance fees and land taxes. As the beneficiary of the property, you own all rights to the property in the restricted zones, and you can sell the property anytime, remodel, and even rent out the property. The Fiduciary Bank has to follow Mexico’s laws, and they cannot sell the property unless they have written consent by you, the beneficiary and owner.

How useful was this article? Do you have any questions or doubts?

Please leave your question in the comments box.

by VLEAdminRE,
FAQ

FAQ: Can I sell my Villa La Estancia Residence share in the future?

Yes, you may resell your fractional shares or full ownership at Villa La Estancia Residences just like any general real estate sale.

The residences you buy at Villa La Estancia Residences are fully deeded for both full and fractional ownership. When purchasing fractional shares, you will receive the deeds for your fraction, which you can sell at a later stage, if you should so wish.

Typically, resale shares are listed with a local real estate broker, who will promote the sale of your share the same way they promote any other property for sale. You may also sell your Villa La Estancia share privately by advertising in publications, newspapers or on the Internet at free real estate listing sites. You set the price and are in control of the sale, just like any other property sale.

Just like any real estate investment, you can also leave your property in a will, rent it, sell it or simply enjoy it!

by VLEAdminRE,
FAQ

FAQ: Who maintains my property at Villa La Estancia Residences?

When you become a full or fractional owner at Villa La Estancia Residences, you won’t need to worry about repairs and maintenance. Our property manager oversees the maintenance and care of your residence.

For fractional owners at Villa la Estancia Residences, your expense fees cover the cost of ongoing housekeeping, all maintenance, repairs, replacements and wear and tear as required. A professional housekeeper is supervised by the manager, assuring the property is always clean and maintained in a first class condition, as you would expect. Full owners may choose to hire a professional housekeeper through the Villa La Estancia manager or employ someone of your own choosing. Owners and their guests are responsible for any specific substantial damage repair, if incurred during your use of the property.

Landscaping of the gardens and pool maintenance is performed on a regular, scheduled basis by local professionals and is included in your maintenance calculations. Structural maintenance, including painting and repairs, is provided by the appropriate local trade contractors, as and when needed.

We believe that purchasing real estate at Villa La Estancia should be stress free and easy to manage, so that all you have to do is arrive and enjoy paradise.

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

Can I finance my purchase at Villa La Estancia Residences?

One of the advantages of purchasing a residence at Villa La Estancia, whether fractional or full ownership, is that you can benefit from financing from the developer. For a limited time, you can finance your property for up to 10 years, with a typical deposit of 25% of the share price or full real estate value, depending on whether you opt to purchase full or fractional residences.

Most owners, however, will pay cash or opt to pay for their share with equity from their primary residence, using a line of credit. Even so, developer financing is an option to consider, with the intention of making it as easy as possible for you to access your dream property in Mexico.

Financing for your purchase at Villa La Estancia Residence is available for both full and fractional properties.

For more information about how you might finance your purchase at Villa La Estancia Residences, contact the sales team directly for a personalized cost calculation for an residence of your choice by calling 18668437005

by VLEAdminRE,
Destinations, Real Estate, Riviera Nayarit

Mexico Luxury Real Estate in Bucerías, Riviera Nayarit

Mexico luxury real estate in Bucerías, Riviera Nayarit is one of the most attractive lifestyle investments you could make if you are looking for a year-round combination of great climate, wonderful scenery, lavish accommodations and warm people. Luxury real estate in Bucerías is a fabulous opportunity to make Mexico your second home in a totally safe and beautiful part of the country.

Why is Mexico Luxury Real Estate in Bucerías such a great investment?

Bucerias, Riviera Nayarit is one of those destinations on the Pacific Coast of Mexico that provides a relaxed atmosphere and plenty of luxury real estate opportunities to suit the US and Canadian search for quality, luxury and safety. There are many benefits to living in Bucerías, Riviera Nayarit, whether just for the winter season to escape the cold, for a month at a time or permanently. Among such benefits, a warm climate throughout the year is one of main attractions, in addition to Bucerias’ lengthy beach that stretches miles from Nuevo Vallarta to La Cruz to Huanacaxtle.

Bucerias’ stunning natural surroundings has attracted many expats to purchase Mexico luxury real estate in Bucerías, enchanted by the delightful offering of restaurants, bars and farmers’ markets as well as plenty of activities to keep you entertained. Golf, fishing, diving, horseback riding, spas and more are common pastimes among those who invest in luxury real estate in Bucerías.

At Villa La Estancia, you will find a fabulous range of two and three bedroom luxury residences and penthouses on offer for full and fractional real estate purchase. Not only do you enjoy elegantly designed luxury residences with incredible ocean views, but also Four Diamond services at one of the most luxurious hotels and spas in Riviera Nayarit. Real estate opportunities in Mexico, don’t come more comfortable or more elegant than this!

by VLEAdminRE,
FAQ

FAQ. Who is fractional ownership really for?

There is no standard “type” of person who would best benefit from fractional ownership; in fact, fractional properties can suit all kinds of people, from all walks of life, tastes, budgets and vacation preferences. However, there are some key benefits that might suit your particular circumstances more than others.

Fractional property investment is a type of vacation real estate ownership that is ideal if you want to enjoy the advantages of owning a really impressive second home, which is typically of more value than you would be able to afford if you were to buy it on your own. That is, you can buy something really luxurious that would be out of your price range if you were to buy full ownership. Many of us, when we buy second homes, can’t justify spending so much money on a property that we will only use a few weeks every year, and fractional ownership offers a solution to this dilemma.

Fractional real estate ownership means that you buy a fraction of a property’s worth for use during a set period. These dates may or may not change each year, depending on the scheme. For fractional real estate ownership at Villa La Estancia Residences, these periods are 1/8 (6 weeks) or 1/4 (13 weeks) which rotate each year so that you can enjoy different seasons each time you visit your property. Therefore, fractional ownership suits people who do not wish to live permanently in their second home, but who might visit for short or long periods each year.

Fractional properties are also best suited for those people who do not wish to have to worry about their property when they are not using it. Fractional real estate properties like Villa La Estancia Residences come complete with management services and maintenance, secure within an exclusive gated community. Everything is organized for you so that you simply arrive during your scheduled time to enjoy your property.

Most fractional owners are frequent visitors to the resort area, having fallen in love with the destination, but who are not ready to make the leap to move there permanently. These buyers are looking for something to call their own, to share with friends and family, wanting to buy a specific upscale vacation property, not vacation time, but without the responsibilities and costs associated with a wholly owned home.

The great thing about fractional ownership is that it offers a convenient compromise between full ownership real estate and timeshare, where you take a luxurious step on the ladder of second home ownership.

Villa La Estancia Residences fractional ownership

by VLEAdminRE,