A Rising Tide of Property Investment in Punta de Mita.

puntamita secondhomesA Rising Tide of Property Investment in Punta de Mita
Laura Latham – The New York Times
July 29, 2016

The Punta Mita develolpment, established 15 years ago, has several hundred residences and two Jack Nicklaus-designed golf courses, along with hotels, beach clubs and restaurants. (Photo: Punta Mita Resort)

Punta de Mita, Nayarit, Mexico – Interest in this small corner of Mexico by one of the world’s richest men has helped attract an influx of wealthy investors.

In 2014, Cascade Investment, the private investment firm of Bill Gates, the Microsoft co-founder, bought 19.5 hectares, or 48 acres, of undeveloped beachfront land and the Four Seasons hotel site in Punta Mita, a gated residential resort on the Riviera Nayarit, 40 minutes north of the town of Puerto Vallarta. The cost was reported to be $200 million.

“Bill Gates buying land in the area has had a real impact,” said Aaron Fisher, the sales director at Punta Sayulita, another residential development on the Riviera Nayarit. “We needed high-end clients and now they’re coming.”

The purchase was seen as an endorsement of the region’s potential, and the ripple effect has begun to reach surrounding communities. These include Sayulita, a charming, bustling town with a stretch of beach, ideal surf conditions and warren of small streets.

The town has been a draw for watersport enthusiasts and those wanting a more bohemian lifestyle for several decades. But a new wave of cosmopolitan, higher-spending residents has begun to roll in. “Buyers are primarily American, or from Mexico and Canada,” Mr. Fisher said. “In particular the Pacific Northwest. There’s a big tech contingent but also financiers and media people.”

Properties in this region of Mexico are usually priced in United States dollars. Building lots around town are available from $80,000. Small one- or two-bedroom homes start at $130,000, and upmarket two-bedroom apartments in purpose-built blocks start at about $250,000. Hillside villas on large plots with the best views are priced from about $800,000.

Though foreigners cannot directly own property within 30 miles of Mexico’s coast, they can buy via a Fideicomiso, in which a property title is held in trust by a bank. Individuals named as beneficiaries of the trust have full ownership rights.

The rise in popularity of the Riviera Nayarit is also driven by the growth of the much larger Pacific coast resort town of Puerto Vallarta as a vacation destination and the expansion of the local airport to allow more international traffic.

In addition to Mr. Gates, executives from tech companies like Apple and Yahoo have also bought property in the area.

What Mr. Gates intends to do with his Punta Mita real estate is not yet known.

Read the full New York Times article.

Official announcement of new Puerto Bahía tourist centre.

Develan-640x330Official announcement of new Puerto Bahía tourist centre.
July 25, 2016 Area Local News

On Friday, July 22, 2016 the Grupo Autofin Monterrey inaugurated the Grand Sirenis Matlali Hills Resort & Spa, which is perched on a mountain in La Cruz de Huanacaxtle, Riviera Nayarit. During the event they also announced a new beach development that will complement this marvelous resort, giving the audience details of what will become the Puerto Bahía tourist center.

Armando Véjar Cortés, President and Managing Director of the Grupo Autofin Monterrey, and Enrique de la Madrid Cordero, Mexico’s Secretary of Tourism, were on hand to deliver the plaque that made the inauguration official. Nayarit and Jalisco’s state authorities and businessmen were also in attendance.

This is the first time Grupo Autofin Monterrey has made inroads into the tourism industry. The group chose the Riviera Nayarit thanks to its many natural attractions, as well as its growth as a national and international tourism destination.

Grand Sirenis Matlali was built at a cost of US$100 million and currently offers 170 luxury villas and suites, 109 of them located on the mountainside with ocean views and 61 set in the jungle. It also boasts four gourmet restaurants and snack bar, a spa, beach club, gym, a linear park, a kids club, botanical garden, two pools and two yachts for guests.

The second stage of the Grand Sirenis Matlali will be right on the beach to one side of the Marina Riviera Nayarit in the area where the beach club, Eva Mandarina, is located. The new development will represent an investment of US$28.5 million and is expected to open with 140 suites on December 1, 2017.

Grupo Autofin Monterrey’s future plans for the Puerto Bahía tourist center include several hotels from different chains, residential properties, a golf course, a hospital, a clinic for anti-aging treatments, a school specializing in hospitality and tourism, and a shopping mall, among other amenities and entertainment attractions to be set on 320 hectares in addition to the Grand Sirenis Matlali’s 30.

Day of the Dead overlaps international convention in Puerto Vallarta.

day-of-the-dead-puerto-vallarta-600x330Day of the Dead overlaps international convention in Puerto Vallarta
July 23, 2016 Area Local News

Puerto Vallarta tourism is taking aim at promotions through sharing its Mexican traditions, and Day of the Dead is offering a prime opportunity this year as the city hosts the XII Congress of the Most Beautiful Bays in the World.

International Congress of the Most Beautiful Bays of the World will be attended by delegations from 28 countries and 40 bays.

“The aim is to work on the project Day of the Dead Festival, to be held from October 29 to November 2, which we intend to be an anchor for the promotion of Puerto Vallarta because it reflects many of the traditions Mexican and international tourists like to come here and enjoy,” said the head of Public Works of the Municipal Tourism, Eduardo García Joya.

This year’s Day of the Dead festivities will be held in 17 public spaces around the city: 5 de Diciembre, Avenida México, Parque Hidalgo, Malecón, Plaza de Armas, Parque Aquiles Serdán, Los Andadores de Iturbide, Mina and Aldama, Isla Río Cuale, Mercado del Cuale, Parque Lázaro Cárdenas, Calles Insurgentes, Basilio Badillo, Olas Altas, Francisca Rodríguez and Púlpito.

“These spaces will be dressed, decorated with colorful Day of the Dead flowers, altars, giving content with cultural activities, music, movies, plays, interactive games, and talks about the tradition so that people can learn about its significance in Mexico, respect and irony of death, because as Mexicans sometimes we cry and sometimes we laugh in the face of death,” said the official.

This year’s festival will allow Puerto Vallarta to share this tradition with 28 countries attending the International Congress.

Single Story For Sale in Punta el Burro, Punta de Mita

Photo Link
Hidden luxury oasis

•  3,609 sq. m., 10 bath, 7 bdrm single story$5,500,000 USD.
MLS® #36804  

– Designed as a high end destination, this beach front Villa hosts five suites, rooftop apartment, very spacious master suite, each with private bathroom, patio and three with outdoor showers. Guests of the lavish vacation sanctuary quickly find themselves enveloped by the peaceful, private setting – a secret piece of paradise where they focus on “being” instead of “doing.”

The physical space is a luxurious balance of finishes with polished concrete floors, counters and sinks and dark local woodwork. There is a seamless flow from inside to outside created by indoor garden and pond crossed by wooden bridge, outdoor fountains, palm studded patios and lush tropical gardens.

Villa Ananda is located north of Puerto Vallarta in Banderas Bay on the Pacific coast of Mexico. It is less than a three-hour plane ride from Los Angeles and 40 minute drive north from the airport.
In a hidden oasis surrounded by nature is a small private community called Punta Burros; a one-kilometer stretch of white sandy beach, views of Puerto Vallarta, Bay of Banderas and Marieta Islands and spectacular sunsets. Here, Villa Ananda is blessed with a double wide beach front lot in the lovely community.

Villa Ananda was purchased eight years ago, an amazing and successful journey it has been. May the space and energy of Villa Ananda continue to bring light and love into the world with its new owners.

Property information

The children’s 2016 PeeWee Surfing League circuit begins.

5fbe1b52-83ae-4bce-8635-5757c854adf1-660x330The children’s 2016 PeeWee Surfing League circuit begins
July 21, 2016 Area Local News

The children’s 2016 PeeWee Surfing League sports circuit began in the Riviera Nayarit and will include four tournaments, which hope to attract family tourism and promote this amazing sport.

“We had lost touch with an entire generation of young surfers so we’re reactivating these formative categories so we can support them and they could practice more,” said Rogelio Ramos, Competition Director for the PeeWee League. “We also want to promote sports tourism and the awesome waves we have in the Riviera Nayarit.”

There are four competitions in the series, with the next one starting on July 23, 2016 in Sayulita, followed by one in San Blas on July 30th, then San Pancho on August 6th with the final competition back in Sayulita on December 17th.

The first stage took place in Sayulita on June 11, 2016, with the participation of 20 boys and girls from Mexico and the United States.

The categories range from 4-8 years of age (parents or guardians can help the child catch the wave) and 9-12 years of age. Registration and competition runs from 9 a.m. to 2 p.m.

Ramos Shapes and Sunset Bungalows presented this series of competitions which are taking place with the competition formats established by the Nayarit State Surfing Association (ASENAY, by its acronym in Spanish) and backed by the local surfing clubs from each of the host towns, as well as the Riviera Nayarit Convention and Visitors Bureau (CVB), among other sponsors.

President signs new anti-corruption laws.

Presidente-conforman-Sistema-Nacional-Anticorrupcion_MILIMA20160718_0349_11-400x271President signs new anti-corruption laws
And apologizes for the Casa Blanca scandal, admitting he made a mistake

Mexico News Daily | Tuesday, July 19, 2016
President Enrique Peña Nieto yesterday promulgated the secondary laws of the National Anti-Corruption System, making it a day that “will be remembered as the beginning of a new era for democracy and the rule of law.”

Peña Nieto said that Mexicans are offended by corruption, which was why his administration set in motion the creation of measures to combat corruption and promote transparency. “I am more than committed to combat corruption, hence the importance of the system,” he said.

The president said his administration will work to eradicate the abuses of those who fail to comply with the law and harm the reputation of millions of public officials who perform honestly and with integrity.

The legislation has been praised and criticized, the latter for failing to include all the measures of a so-called “3-of-3” bill that was created by a citizens’ initiative supported by 600,000 signatures.

During the promulgation ceremony, the president of the Chamber of Deputies and a member of the opposition Democratic Revolution Party, Jesús Zambrano Grijalva, said the system was incomplete because the “3-of-3” bill was not approved in the form it was presented to Congress.

Zambrano offered a positive endorsement of the president for exercising his veto over the 32nd article of the Anti-Corruption System, which would have required all recipients of public funds, including businesses that provide government with services, to make the three-way disclosure of personal assets, tax information and economic interests that gave the “3-of-3” legislation its name.

But at the same time Zambrano lamented that the 29th article — which makes the three-way disclosure discretionary for public officials — wasn’t revised to make it mandatory.

However, despite the inadequacies Zambrano said he was convinced that the new laws represent “a very important and significant first step in the fight against corruption.”

For his part, Roberto Gil Zuarth, president of the Senate and a member of the National Action Party, said that civil society and legislators together have built a set of anti-corruption laws the likes of which “not even Obama has.”

With regard to the 29th article, Gil said that the modifications made to the original proposal gave the entire set of laws “a legal and ethically correct equilibrium.”

“Legal because we must always remember that public officials are citizens with full enjoyment of their rights, and ethically correct because we must also remember that the state is weakened when a public official’s minimum [constitutional] guarantees are curtailed.”

Eduardo Bohórquez, executive director of Transparencia Mexicana and a representative of the social and academic organizations that promoted the “3-of-3” bill, said the fight against corruption and impunity will continue.

He thanked the more than 600,000 citizens who signed their support for the bill, whose intention was to “transform the regime we live in through the institutions.”

Since corruption and impunity harm the democratic life of the country, Bohórquez made a call to “dismantle the networks of corruption that operate at all levels of the government.”

President Peña Nieto also used the occasion to offer an apology for what became known as the Casa Blanca scandal, in which a contractor that had won important government contracts and was run by a friend of the president built a mansion for him and his family.

Peña Nieto apologized for the incident, the story of which broke in the fall of 2014. “I apologize for the Casa Blanca, I made a mistake. A mistake that affected my family and damaged the institution of the presidency,” he said in a report by VICE News, which also said the president was vague about what exactly he was apologizing for.

“The information revealed about the so-called Casa Blanca triggered a lot of indignation. I felt the irritation of Mexicans in my own skin, and I understand it completely. That’s why I am asking for forgiveness with complete humility.”

Source: Milenio (sp), VICE News (en)

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Advanced technology boon to ejido in QR.

Mexico News Daily | Saturday, July 16, 2016
A small ejido with a forestry-based economy in Quintana Roo is making use of advanced technology to become more efficient and to reduce its environmental impact as a result of the initiative of a young accountant.

Javier Blanco always had a vision for helping his small town, Noh-Bec, to grow and prosper.

As a young boy he noticed that since the town didn’t have an accountant, one had to be brought in from elsewhere when needed. The only solution he could see was to become one himself.

Once that need was covered, the young man realized that the town needed internet connectivity, especially since all fiscal procedures must by law be filed online.

After looking for connectivity alternatives that were available for his community, Blanco’s efforts produced the Training Center of Noh-Bec, created with the help of Fundemex, the Entrepreneurial Foundation of Mexico.

The town also obtained the support of Microsoft, which provided the necessary funds to build and equip the center, including computer equipment and software and connectivity infrastructure such as towers and antennas. The company also trained residents in the basics of computer and internet use.

Once the facility was up and running, the logging industry found internet connectivity allowed it to be more productive and efficient. By mapping the forest with GPS data it could engage in better planning and environmental care.

The loggers now tag trees with GPS transceivers for the purpose of locating which and how many trees can be exploited for controlled logging, and to keep track of how many new trees have to be planted to keep the town’s main industry going.

Now that it can control its reforestation measures, it has committed to replant 40,000 new trees for every 800 mahogany trees that are felled. The saplings are not only mahogany, but include chicozapote (Manilkara zapota) and ciricote (Cordia dodecandra).

Just in the last year, the 2,500 inhabitants of Noh-Bec replanted 280,000 trees, which in some 30 years will be ready to be harvested.

The availability of internet has also opened new opportunities for its youths: the Technology Institute of the Maya Zone will offer three higher education career courses, forestry and agronomy engineering and business management, remotely, said Blanco.