Tag Archives: mexico real estate

Study: Words in Listing Ads Can Boost Sales Price

The words that real estate professionals choose to describe a property in listing ads could potentially result in the home selling for a premium, suggests an analysis that looks at listing descriptions and their effect on sales price and probability of sale. For example, property descriptor words in listing ads, like granite countertops and wood-burning fireplace, can help net higher sales prices.

Study: Words in Listing Ads Can Boost Sales Price

Study: Words in Listing Ads Can Boost Sales Price

Researcher Bennie Waller, a professor of finance and real estate at Longwood University in Farmville, Va., found that each property characteristic mentioned in a listing increases the sale price by just under 1 percent and it’s probability of selling by, on average, 9.2 percent.

“That means a listing with 15 additional property characteristics sells for roughly a 13.5 percent price premium,” says Waller, who excluded standard features in his analysis, such as bedrooms. Waller and his co-authors examined more than 16,300 transactions between March 2000 and February 2009 from a south central Virginia MLS. read more »

Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing

 

Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing
Jason Oliva-August 25, 2014

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Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing.

A popular tourist spot, beachfront real estate and a newly converted resort hotel adds up to what developers say will give luxury senior housing in the U.S. a run for its money south of the border.

Those are the ingredients for Front Beach Retirement Mexico, a Mexican development company that sees opportunity in targeting American and Canadian seniors looking to retire in Mexico, particularly the widely popular tourist town of Puerto Vallarta.

Through an agreement with the Las Palmas Hotel, Puerto Vallarta-based Front Beach Retirement converted the 225 rooms of the all-inclusive hotel into an independent and assisted living community, Front Beach Puerto Vallarta.

“We’re offering a buffet-style of living,” says Front Beach Retirement and Mexico Assisted Living Marketing Director Joshua Ketner. “Rather than convert rooms into apartments, we left them at resort-style living.”

Though the company declined to disclose costs associated with the senior housing transformation, Ketner—who previously worked for A Place for Mom and as a caregiver at Aegis Living—told SHN that the overall spending on the conversion was minimal, as many of the rooms and accessibility features, such as hand rails, were already in place. The main cost, he says, was to convert a room into a doctor’s office.

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Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing.

The community embraces its hospitality roots, offering amenities like housekeeping services, two swimming pools, various dining venues, large common areas, direct beach access, a Tiki Bar and Internet accessibility.

Where the campus caters to its senior clientele becomes apparent with medical alert systems in every room, daily activities programming, transportation to medical appointments, wheelchair accessibility and 24-hour care provided by on-site nurses as caregivers and a resident physician who also lives within the community.

Aside from the seaside real estate and all the resort-style amenities included, the biggest draws for the Puerto Vallarta community are its lower price points on monthly rent and healthcare, says Ketner.

For $3,000 a month, residents at the Puerto Vallarta community can enjoy rooms with panoramic views of the Pacific Ocean, as well as utilities such as air conditioning, electricity and water that are included in the rent. For double occupancy rooms, the monthly rent is $4,600.

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Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing.

In the U.S., the costs for assisted living are considerably more expensive at $3,500 per month, according to the 2014 Genworth Cost of Care Survey. While this figure signals a 1.45% increase in the last year, costs for assisted living have grown 4.29% annually on a five-year basis—the highest of all long-term care settings recorded by Genworth.

A unique feature of the community is that it doesn’t restrict its age-50 and up cliente to a one-month stay minimum.

In another attempt to target those “snowbird” vacationers heading for warmer weather during their retirement years, Front Beach also offers one-week stays at $780 for single occupancy and $1,100 for doubles. Additionally, a two-week stay runs $1,509 for a single and $2,140 for a double room.

Still in its early stages of operations, with a grand opening slated in the next couple of weeks, Front Beach Puerto Vallarta has seen about 10 leads looking to move in come September so far.

“There’s quite the misconception of Mexico, but the economy is growing and there is a large middle class here,” says Ketner. “It’ll just take more time getting people accustomed to the idea, and us a few months to figure out what our niches are.”

http://seniorhousingnews.com/2014/08/25/mexico-developers-selling-cheaper-alternative-u-s-luxury-senior-housing/

Written by Jason Oliva

 

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Read more about the Baja style of living: http://www.bajarealestategroup.net/

The 10 Best Places to Retire in Mexico

 

The 10 Best Places to Retire in Mexico
January 15, 2014

Below is an unbiased look at the best places in Mexico to retire – with real pros and cons – to help you make an informed decision as to which best meets your needs, interests and ambitions.

So writes “Johnny Punish” (www.JohnnyPunish.com) in edited excerpts from his article written originally as an exclusive for www.munKNEE.com (Your Key to Making Money!) and under the title The Top 10 Places to Live and Retire in Mexico and the reasons why. Note: this paragraph must be included in any re-posting to avoid copyright infringement.

The 10 Best Places to Retire in Mexico

The 10 Best Places to Retire in Mexico

Punish goes on to say:

In the process of putting together this comprehensive report I have consulted with highly experienced ex-pats who have lived and/or live in the places that I rate here so, without further wait, here’s the top 10 places to live and retire in Mexico and the reasons why:

1. Lake Chapala, Jalisco
2. Ensenada, Baja California
3. San Miguel de Allende, Guanajuato
4. Guadalajara, Jalisco
5. Merida, Yucatan
6. Riviera Maya, Quintana Roo
7. Mazatlan, Sinaloa
8. Puerto Vallarta, Jalisco
9. La Paz, Baja California
10. San Cristobal de las Casas Chiapas

1. Lake Chapala, Jalisco (Winner)

According to Kristina Morgan of Focus on Mexico, “Of all the places in Mexico I have been, none can quite compare with Lake Chapala. There’s something about this place that just seems…magical and, as corny as it sounds, that’s the word I hear people use to describe Lake Chapala time and again. Lake Chapala gets into your heart and becomes home. It’s like stepping back 50-70 years here regarding the simpler lifestyle, culture and values. When I’m here I feel like I can be me, like I can breathe a little more freely and be the person I want to be and this is a sentiment expressed by most everyone who has ever been here or lives here”.

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10 Best Wine Travel Destinations 2014

 

Valle de Guadalupe/Baja California, Mexico
—Michael Shachner

Valle de Guadalupe/Baja California, Mexico

What’s that, they make wine in Mexico? Indeed, they do—have for centuries—and not just sacramental wine and plonk. In the northern reaches of Baja California, along Route 3 in the Guadalupe Valley, the quality of wine has risen over the past two decades. Wineries here have teamed up with chefs and hoteliers to create Baja’s very own Ruta del Vino (wine route). Less than two hours from San Diego, the Valle de Guadalupe, anchored by the city of Ensenada, has moved past its Tequila-and-Tecate roots to ones based on the grape. Head south of the border for a wine-and-travel experience you won’t forget. —Michael Shachner

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Talks Of Ownership Laws in Mexico Generate Surge in Real Estate Sales

Changes to foreign ownership laws in Mexico expected to generate a surge in sales
The historical amendment to Mexican Constitutions´ 27th Article, has stirred the interest in   properties along the Baja Riviera, as evidenced by the surge of real-estate activity along the Northern Baja Coast. “We have seen an important increase in the number of inquiries by potential clients since discussion about the reform hit international media outlets”, said Maday Valdenegro, Sales Manager at Santa Barbara in Bajamar.

Manlio Fabio Beltrones - Mexican Federal Senator

Manlio Fabio Beltrones – Mexican Federal Senator

The amendment to article 27 was approved by the Mexican Senate on April 23rd, “but it still needs to be approved by a majority of Congresses of each of the States in Mexico for a reform of the law to be final”, noted   Javier Troncoso, an Attorney at Law based in Los Cabos

The reform would now allow foreigners to acquire real estate within the “Restricted Zone” (100 kilometers wide from the borders and 50 kilometers wide from the coastal shores).

“Historically, once an amendment has passed in the Mexican Senate, the State Congresses have approved it. An amendment to the Law of Foreign Ownership would still be needed”, added Troncoso. read more »

Huge Dolphin Pod at Calafia Condos – Baja Real Estate Group

 

Calafia Condos Resort & Villas. The area sits on a privileged location that is a window to an assortment of marine wild life, from sea lions, seals, seagulls to dolphins, whales and even orcas.


This video is a common sight for the residents at Calafia Condos, a pod of a couple of hundred or so of long-beaked dolphins working together in a coordinated hunting dance to encircle fish that ends up in a spectacular feast where even the seagulls and pelicans join in.

Enjoy the video.


For more information on Calafia Condos and Baja real estate please visit http://www.bajarealestategroup.net

Rosarito Beach Hotel Enjoying Second Consecutive Record-Breaking Summer

Rosarito Beach Hotel Enjoying Second Consecutive Record-Breaking Summer
By Ron Raposa

ROSARITO BEACH, BAJA CALIFORNIA, MEXICO—Following its busiest summer ever in 2012, the Rosarito Beach Hotel & Resort is enjoying an even busier season this year, with overall season-to-season occupancy up 20 percent.

Rosarito Beach Hotel Enjoying Second Consecutive Record-Breaking Summer

Rosarito Beach Hotel Enjoying Second Consecutive Record-Breaking Summer

Year-to-year occupancy was up 25 percent on both major holiday weekends, Memorial Day and July 4th. For the summer overall, occupancy is up 20 percent, including a 20 percent increase in U.S. visitors, who accounted for 88 percent of hotel guests on Memorial Day weekend.

The two strong summer seasons, the busiest time of the year in the seaside resort city, follow several years of low occupancy brought on in part by concerns about violence involving organized crime groups in Mexico.

“Rosarito and Baja are safe and welcoming for our visitors and residents, perhaps more so than ever,” said hotel owner and former Mayor Hugo Torres. “Work done by state tourism and the Baja Image Committee has helped greatly in making more people aware of that.”
“While the number of visitors from Mexico never declined, we’re now seeing our U.S. friends return because of the improved safety perception,” said Mr. Torres, who also is chairmen of the Baja Image Committee, a public and private partnership.
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Casa Piedra: Luxury Mexico Real Estate in Rosarito Beach

Casa Piedra in the privacy of the oceanfront community of Las Gaviotas

Nestled along the Baja Coast, a mere 1 hour from downtown San Diego, is the exclusive oceanfront hamlet of Las Gaviotas in Rosarito Beach. For over thirty years this Baja community has set the standard for coastal living in the Northern Baja corridor. A secure community with exemplary amenities, Las Gaviotas is home to the most esteemed estates on the Baja Coast.

Casa Piedra represents the pinnacle of this oceanfront village. Located on the prestigious south end of the community this property, built to exacting standards in 2002 by famed architect Roberto Moreno, is being offered for the first time to the discerning buyer.
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This Sure Beats California…

Originally posted on InternationalLiving.com | By Patti Morrow

Margit Gantt wanted to find a more fulfilling lifestyle than the one she had in California. She was looking for great weather every day…somewhere she could get more for her money.

"Ensenada, Mexico feels like California did years ago"

“Ensenada, Mexico feels like California did years ago”

She and her husband Patrick knew where they wanted to be. They often vacationed in the seaside community of Ensenada, Mexico. “The feeling here is like California years ago,” said Margit. “It’s different and familiar at the same time. That’s what we love about it.”

Ensenada is on the Pacific coast of the Mexico’s Baja California peninsula. Even though the population is approaching 400,000, it still maintains small-town charm.

In 1989, the Gantts took the plunge and decided they were staying. They never regretted it.

“It’s a thousand ti mes better,” said Margit.

“California is so overcrowded now, a bit of a circus, and people aren’t a community. It’s different here. Even strangers still greet each other on the street.”

The Gantts tried out several locations before settling on their current home—a three-bedroom hillside villa with panoramic views of Ensenada Bay, the city, and the mountains.
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Mexico, to attract U.S. retirees, may ease limits on landownership

By Tim Johnson
McClatchy Foreign Staff

For the first time in nearly a century, lawmakers are moving to allow non-Mexicans to buy coastal real estate and hold the deeds to it, without having to set up bank trusts or find silent Mexican partners.

Ocean Front Real Estate in Mexico

Ocean Front Real Estate in Mexico

Proponents of the change say it pushes Mexico toward the modern era, and is a sign of ebbing nationalism under President Enrique Pena Nieto. They say it will help Mexico compete with Southern U.S. states and tropical Central America for U.S. retirees seeking spots in the sun and by the sea.

The proposed amendment to the Mexican Constitution sailed through the Chamber of Deputies on a 356-119 vote April 23, and is now before the Senate.

But opponents are still rallying, charging in a petition campaign that the change may condemn Mexicans to saying goodbye to ocean views.

“If just one of every 20 U.S. millionaires buys a house with 22 meters (72 feet) of beachfront, no Mexican will see the sea again,” the petition drive says, drawing on the nation’s historic allergy to foreign ownership of its resources.

The allergy has its roots in land grabs in the 19th and 20th centuries. After the 1917 Mexican revolution, legislators who drafted the nation’s constitution, fearing a new invasion by land or sea, barred foreigners from owning land within 31 miles of the coast or 62 miles of any border. Those strips of territory became known as the restricted zones. read more »