The Puerto Vallarta Banderas Bay region of Mexico has become one
of the most coveted places in the world to own real estate. Moreover
with new laws that make it simple and safe for non-Mexicans to own
coastal property (land, homes, condominiums) in Mexico, this trend is just
Banderas Bay (Bahia de Banderas - the Bay of Flags), rests protected by
the Sierra Madre mountains, as the largest natural bay in Mexico.
There are over 40 miles of coastline, most of which is coral sand beachfront
dotted with intimate coves and cliffs.
Puerto Vallarta International Airport is only 3 hours from Los Angeles,
just 4 hours from Chicago, and about an hour and a half from Mexico City.
There are direct flights from many major cities throughout North America.
In fact, in the past few months new flights include budget service from Denver,
Colorado and Las Vegas, Nevada.
Unprecedented growth and development are rapidly taking place in the
Northern part of the bay and beyond. Premiere developments include the world
renowned Four Seasons Resort, Punta Mita; the Rosewood Resort; the Mayan
Palace, Higuera Blanca/Litibu; and a recently announced mega development
project of FONATUR (the Mexican tourist development bank), in Higuera Blanca/Litibu
that will include several world class hotels, an 18 hole PGA golf course,
hundreds of condominiums and private villas and a modern shopping facility.
Mexican, North American, Spanish, French, Italian and more recently Japanese
investors have put their money into the Banderas Bay area and the Bahia de
Banderas municipality. The first group of luxury home owners have typically
come from California, particularly Silicon Valley and Hollywood. However there
is now an influx of buyers from the Midwest and Canada as well, since the
strength of the dollar has come along. Land prices have increased significantly
every year for the past 5, and high price increases are expected to continue
for years to come.
At the moment, Banderas Bay attracts over 3-million tourists per year and
has a population of about 325,000. According to Puerto Vallarta and Banderas
Bay tourism professionals, the number of tourists in the next 20 years will
exceed 6 million per year and the population will more than double in size.
The Mexican government is making the Banderas bay its priority. Electricity,
water treatment, telecommunications, airports, and highways are just some
of the areas being addressed right now.
The average number of sunny days per year is 300. And with an average
yearly temperature of 85 degrees, you can almost always enjoy the great out-of-doors.
The area has seven spectacular golf courses, designed by some of the
world’s top architects, including Jack Nicklaus and Tom Weiskopf. Banderas
Bay has already earned a reputation as a world-class golfer's destination.
With miles of coastline offering lazy days on the beach as well surfing,
snorkeling, parasailing, boating, fishing, kayaking, and whale watching, and
lush tropical jungles providing canopy tours, hiking, camping, horse back
riding and bird watching, Banderas Bay is a destination of unsurpassed beauty.
Savvy investors will look at properties in the Banderas bay area as lucrative
investments, especially during times of global economic uncertainty. While
interest rates and stock dividends dive, land appreciation continues to escalate..
The entire region from Punta de Mita to San Blas has been re-named as the
Riviera Nayarit - The full force of the Mexican government is behind making
this Mexico's premier tourist destination. Before long it could surpass Vallarta
as a tourist destination. Higuera Blanca and Resort Litibu are right in middle
of this new tourism corridor.
While prices continue to rise, comparable properties in other areas of the
world are several times more expensive and often carry enormous property taxes
as well. Just try to buy an oceanfront villa in San Diego for $750,000 USD.
That’s about what you will need for your earnest money alone. And if your
thinking comparing San Diego to Banderas Bay is comparing apples to very
small oranges you have not been to San Diego or Banderas Bay lately! The
differences are rapidly disappearing.
The investment opportunity of a lifetime. Find your place in paradise before
it’s too late!