Punta Mita Answers Key Questions About Mexico's Hot Real Estate Market
Upscale Resort Community Capitalizes on Growing Trend; Team of Real Estate
Experts Makes Purchasing Resort Homes a Convenient, Personalized Process
PUNTA MITA, Mexico, April 12 -- With a wealth of rich
culture and history, combined with a picturesque setting, Mexico is quickly
becoming the most sought-after opportunity for resort real estate. The
luxurious gated community of Punta Mita has risen to the occasion and grown
into the position of a much whispered-about destination among those in the
know.
"Resort real estate purchases in the U.S. have been on the rise for the
past few years, but some are starting to wonder if the market has peaked,"
said Lynne Bairstow, Marketing Director for DINE, the developer of Punta
Mita. "Savvy buyers are starting to look beyond the U.S. border for new
real estate options. Mexico, and Punta Mita specifically, are the ideal
option for resort home ownership."
According to Bairstow, several factors have played an integral role in
Punta Mita's popularity within the real estate community, including:
* Proximity and easy access. Punta Mita is served by the Puerto Vallarta
International Airport (28 miles), with hundreds of regularly scheduled
non-stop flights from top gateways in the United States. There are also
facilities for private aircraft adjacent to the airport.
* Pristine acreage and oceanfront property on virgin beaches
* Mexico's political and economic stability
* Excellent values compared to California, Hawaii and the Caribbean
While the area of Los Cabos has been an accepted and popular ownership
destination for North American buyers in recent years, attention is now
shifting to Punta Mita, Mexico's newest and most exclusive luxury
destination, one that has much to offer buyers. Today, over 95% of Punta
Mita's owners are American.
"Punta Mita has exploded onto the scene for many reasons, primarily
because of the excellent values offered in a luxurious, gated, oceanfront
community," said Bairstow.
In order to make the buying process as clear and understandable as
possible, the Punta Mita Properties team is expert in all of the procedures
involving the purchase of real estate in Mexico by non-nationals. This
includes:
* Fideicomiso. Since 1973, foreigners have been able to purchase coastal
and border properties through a fideicomiso, which works much like a
trust in the U.S. The bank holds the legal title to the property, with
all rights and privileges of ownership (including use and enjoyment)
held by the Trust beneficiary.
* Title Insurance. All Punta Mita properties come with title insurance
issued by Stewart Title.
* Real Estate Taxes. Real estate taxes in Mexico have traditionally been
much lower than in the U.S., partially because they have never been
considered a source of governmental revenue.
* Financing. Companies such as C.S. Financial, GE Capital, First Capital
Mortgage and others have recently added loans for Mexican properties to
their services.
With a wide selection of ownership options -- including condominiums
(starting at $575,000), town homes, villas and luxury beachfront estate
lots (priced up to $5 million) -- investment in this hot destination offers
options for everyone. To make resort home ownership even more appealing,
full property management, rental and residential concierge services are
available though Punta Mita Properties.
Punta Mita was chosen as the first Latin American location for the
prestigious Four Seasons Resort (1999). By early 2008, there will be a St.
Regis Resort & Residences, as well as the Chopra Center & Spa at Port
Fortuna. A recent purchase by Strategic Hotels & Resorts will bring 70
hillside hotel suites, a spa, restaurant, pool and retail area with direct
Pacific Ocean views adjacent to the Four Seasons Resort, also owned by
Strategic.
Top-notch resort amenities include a Jack Nicklaus Signature Golf
Course, with a second Nicklaus signature course under development (early
2008; a third course will be added in the future). A private Residents'
Beach Club, with two more to be ready for 2008: the Kukuri Beach Club and
the St. Regis Residents' Beach Club. Additional amenities under development
include a yacht pier, expanded Tennis Center and equestrian facility.
Boasting an infrastructure held to U.S. standards, Punta Mita features
a secure water supply, on-site medical center, fiber optic cable phone
service, ecologically sound wastewater treatment plant and more.
All this, and the community is still early in its development cycle,
which equals many additional opportunities for investors.
Questions regarding ownership, taxes, liabilities, expenses and more
are answered expertly and quickly at Punta Mita Properties. Call us
toll-free at (888) 647-0979 and visit our website at
http://www.puntamita.com.mx for a glimpse of paradise on earth.
About Punta Mita
This master-planned resort and residential community boasts 1,500 acres
on a peninsula surrounded on three sides by white sand beaches. Gated and
low- density, the development was planned and designed in accordance with
the highest quality of international real estate development and
environmental standards. Currently home to a Four Seasons Resort, a Jack
Nicklaus Signature Golf Course and various residential homes, a St. Regis
Resort & Residences is currently under development, slated to open in early
2008. The master design calls for up to four luxury boutique hotels, a
variety of exclusive residences and estate lots. Three championship golf
courses, a tennis center, beach clubs, spa and wellness center, yacht pier
and a small commercial village will complete this exclusive community.
DINE, Mexico's premier real estate development company and a subsidiary of
DESC, is the owner and developer of Punta Mita. DESC is one of Mexico's
largest corporations with interests in four highly important business
sectors.
SOURCE Punta Mita Properties, Mexico
Web Site: http://www.puntamita.com.mx
