How To GuideInvesting in Mexico How to Invest in Mexican Real Estate: A Smarter Choice Than Stocks, Bonds, and Savings by Brent May April 17, 2024 written by Brent May Mexico has emerged as a premier destination for savvy real estate investors, offering stability, growth, and attractive opportunities compared to traditional investment vehicles like stocks, bonds, and savings accounts. With its burgeoning tourism industry, growing economy, and unique cultural allure, Mexico presents a compelling case for diversifying your portfolio with strategic Mexican real estate investments. In this article, we’ll explore four of Mexico’s top emerging real estate markets – Huatulco, Puerto Escondido, Yucatan State, and Mazatlán – highlighting the reasons why investing in Mexican property is a smarter choice than stocks, bonds, and savings. Why Mexican Real Estate Investment is a Better Choice Real estate has long been touted as a reliable path to building wealth, and this rings especially true when it comes to investing in Mexico’s dynamic property markets. Unlike the volatility of stocks and the meager returns of bonds and savings accounts, Mexican real estate offers a unique combination of stability, cash flow, and long-term appreciation potential. One of the key advantages of Mexican real estate investment is its relative stability compared to the stock market. While stocks can fluctuate wildly based on economic conditions, political uncertainty, and investor sentiment, real estate values in Mexico’s emerging markets have demonstrated consistent growth over time. This stability allows investors to weather economic storms with more confidence, knowing that their property holdings are less vulnerable to sudden downturns. Generating Consistent Cash Flow with Mexican Real Estate Investment Moreover, Mexican real estate can provide a steady stream of rental income, something that stocks and bonds simply cannot match. By purchasing a property in a desirable tourist destination or a thriving metropolitan area, investors can generate reliable cash flow from short-term or long-term rentals, diversifying their income sources and reducing their reliance on unpredictable financial markets. The wealth-building power of Mexican real estate also extends beyond rental income. As property values appreciate over time, investors can benefit from significant equity growth, further strengthening their portfolio and laying the foundation for long-term financial security. This equity can be leveraged for future investments or used to fund other financial goals, such as retirement or education. Why Mexican Real Estate Investment Outpaces Stocks, Bonds, and Savings When compared to the minuscule interest rates offered by savings accounts and certificates of deposit (CDs), the returns from Mexican real estate investments become even more compelling. In a low-yield environment, parking your money in a savings account can actually result in a loss of purchasing power due to inflation. Real estate, on the other hand, has the potential to deliver higher returns and preserve the value of your hard-earned savings. Read more about Investing Wisely in Mexico: Exploring Mexico’s Top Emerging Real Estate Markets. Huatulco: An Emerging Gem for Mexican Real Estate Investment Nestled along the sunny Pacific coast of Oaxaca, Huatulco has emerged as one of Mexico’s most captivating real estate destinations. This master-planned destination has stunning beaches, world-class eco-tourism attractions, and a quality infrastructure including potable water systems and acres of green space within town limits. The strong rental demand in Huatulco is a key draw for real estate investors. With its alluring mix of natural beauty, luxury amenities, and cultural experiences, the region attracts a steady flow of tourists, both short-term and long-term, who are seeking high-quality accommodation. By investing in a beachfront condo or a secluded villa, investors can tap into this lucrative market and generate consistent cash flow. Puerto Escondido: The Next Big Thing for Mexican Real Estate Investment Once a sleepy surf town, Puerto Escondido has emerged as a hub for remote workers, digital nomads, and eco-conscious travelers seeking a laid-back yet active coastal lifestyle. This transformation has fueled a surge in demand for vacation rentals and longer-term accommodations, creating a compelling investment opportunity for savvy real estate investors. By owning a property in Puerto Escondido, investors can capitalize on the growing influx of visitors drawn to the town’s unique blend of natural beauty, outdoor adventures, and modern amenities. With the recent opening of the new highway linking the Oaxaca Riviera with Oaxaca City in under 3 hours (when before the trip was 7 hours!), tourism is hotter than ever. As Puerto Escondido’s reputation and infrastructure continue to develop, property values in the region are experiencing robust appreciation, offering the potential for substantial capital gains down the line. Yucatan State: A Cultural Oasis with Endless Opportunities Yucatan state, with its rich Mayan heritage, colonial architecture, and modern conveniences, has become a magnet for discerning investors seeking to diversify their real estate portfolios. From the charming city of Merida to the laid-back charm of Progreso and its coastline, the Yucatan offers a diverse array of investment opportunities catering to a wide range of preferences and budgets. One of the key draws of investing in the Yucatan is the strong rental demand, particularly for luxury properties, villas, and vacation rentals. As the region attracts a steady influx of tourists, digital nomads, and retirees seeking to immerse themselves in the unique natural and cultural environment of the Yucatan, investors can capitalize on this demand by offering high-quality accommodations that cater to the discerning traveler. Beyond the rental potential, the Yucatan also presents opportunities for value-add investments, such as participation in master-planned communities that are poised to benefit from the region’s ongoing development and infrastructure improvements. Read more about what’s happening in and around Progreso: https://mexicoliving.com/meet-progreso-where-yucatans-public-private-infrastructure-investment-is-soaring/ Mazatlán: A Revitalized Pacific Gem with Affordable Luxury Once known as a sleepy fishing town, Mazatlán has undergone a remarkable transformation, emerging as a vibrant destination renowned for its world-class golf courses, gourmet dining, and luxurious real estate offerings. For investors seeking to capitalize on this revitalization, Mazatlán presents a unique opportunity to acquire premier properties at relatively affordable prices, especially when compared to other coastal markets in Mexico and abroad. The rental potential in Mazatlán is particularly enticing, as the city’s growing reputation as a premier tourism hub has driven strong demand for high-quality vacation rentals and longer-term accommodations. By investing in a beachfront condo, a golf course villa, or a mixed-use development, investors can generate consistent cash flow and benefit from the city’s continued growth and development. Furthermore, the potential for capital appreciation in Mazatlán’s real estate market is substantial. As the city continues to attract more visitors and residents, property values are expected to rise steadily, offering investors the opportunity to realize significant gains on their investments over the long term. Get to know more about Mazatlán’s economic growth here: https://mexicoliving.com/the-economic-forces-behind-mazatlans-real-estate-renaissance/ In a world of volatile financial markets and low-yielding savings accounts, investing in Mexican real estate stands out as a savvier choice for building wealth and diversifying your portfolio. Whether you’re drawn to the pristine beaches of Huatulco, the laid-back charm of Puerto Escondido, the cultural richness of the Yucatan, or the affordable luxury of Mazatlán, Mexico’s emerging real estate markets present a compelling opportunity to capitalize on the country’s growth and stability. By leveraging the stability, cash flow, and appreciation potential of Mexican real estate, you can outpace the returns of stocks, bonds, and savings, all while enjoying the unique lifestyle and investment benefits that this captivating country has to offer. Take the first step towards diversifying your portfolio and securing your financial future through strategic Mexican real estate investments. Contact our agents to talk about your investment goals. April 17, 2024 0 comment 0 FacebookTwitterPinterestEmail
Investing in Mexico Discover the Costa Chica de Oaxaca by Brent May April 12, 2024 written by Brent May Discover the Costa Chica de Oaxaca! Along the sun-drenched Pacific coast of Mexico, the Oaxacan Riviera runs from Salina Cruz to the state of Guerrero. Nestled at its heart, you’ll discover the Costa Chica de Oaxaca. This incredible stretch of shoreline offers a glimpse into the authentic and laid-back charm of Oaxaca’s coastal communities. Stretching from the secret beach of La Boquilla, passing through the bohemian hub of Zipolite, to the expansive beach of La Ventanilla, the Costa Chica de Oaxaca is a hidden paradise waiting to be explored. The beaches here are unique. La Boquilla, La Mina, and Estacahuite beckon with their pristine sands, protected bays, and high, swaying palms. Further along, the dramatic Punta Cometa provides a stunning vantage point to feel the energy of the Oaxacan coast. Delving deeper into this off-the-beaten-path oasis, you’ll discover the unique small towns that dot the landscape. Puerto Angel, a quaint fishing village, and Zipolite, a renowned hub of hippie-chic culture, offer a glimpse into the region’s diverse community and laid-back, slow-paced way of life. Venture a little further to explore the authenticity of Mazunte with its Rinconcito beach, family-oriented San Agustinillo, and La Ventanilla with its wildlife-filled laguna and endless shoreline. Amid this natural beauty, a new wave of thoughtfully planned real estate developments is emerging. They offer discerning buyers the chance to call the captivating coastline of the Costa Chica de Oaxaca home. Villas Biznaga in La Mina: Discover the Art of Slow Living on the Oaxacan Riviera! Villas Biznaga is a thoughtfully planned community featuring 20 premium villas. Set amidst serene, natural surroundings, Villas Biznaga designs offer harmonious living spaces and outdoor havens. Panoramic coastal vistas, featuring 2 and 3 bedrooms, private plunge pools, and inviting terraces. Homeowners receive the benefit of constructing their homes directly with the builder without added developer markup. Overlooking La Mina Beach and Bay, this clifftop community is meticulously designed with a low-density plan. Villas Biznaga seamlessly integrate indoor and outdoor living. Discover the Costa Chica de Oaxaca here. Villas Biznaga celebrate the natural beauty of the Oaxacan coastline and its oceanfront location. Situated halfway between Huatulco and Puerto Escondido, Villas Biznaga offers unobstructed views of the majestic Pacific Ocean. Immerse yourself in a community that encourages mindfulness, self-care, and a deeper connection with the natural world. View Villas Biznaga listings here: www.mexicoliving.com/developments/villas-biznaga/ Pelicanos, the Essence of the Costa Chica de Oaxaca: Discover Coastal Elegance in Playa Aragón, Oaxaca Embark on a journey of coastal living at Pelicanos, an exquisite development that graces the stunning Oaxacan coast. Revel in breathtaking views, with the beach just a leisurely stroll away. Pelicanos has easy access to the charming towns of Mazunte, San Agustinillo, and Zipolite. Nestled along the captivating cliffs that overlook the expansive Pacific Ocean, Pelicanos presents a collection of 4 villas that redefine elevated coastal living. These thoughtfully designed residences feature 2 bedrooms and 2.5 bathrooms, complemented by inviting terraces, a refreshing pool, and even a private plunge pool off the primary bedroom. Don’t miss the opportunity to immerse yourself in the enchantment of Pelicanos—your idyllic coastal sanctuary. View Pelicanos listings here: www.mexicoliving.com/developments/pelicanos/www.mexicoliving.com/developments/pelicanos/ Viewpoint: Imagine Waking Up to Endless Ocean Vistas in Puerto Angel, Oaxaca Viewpoint Puerto Angel offers the best of both worlds. Old meets new, with the luxury of a modern Canadian-built development set beside small beach villages. Located in Puerto Angel and coupled with miles of powdery, secluded beaches, you will see why the Costa Chica de Oaxaca is fast becoming the next great destination. Enjoy the sound of waves crashing on the rocks below while you sip your morning coffee in your new oceanfront condo, surrounded by the natural beauty of the Oaxacan coast. See Viewpoint listings here: www.mexicoliving.com/developments/viewpoint-puerto-angel/ Discover the Costa Chica de Oaxaca, a hidden gem waiting to be explored along the sunny Oaxacan Riviera on the Pacific coast of Mexico. Explore the pristine beaches, charming coastal towns, and thoughtfully planned real estate developments that offer a chance to call this captivating coastline home. April 12, 2024 0 comment 0 FacebookTwitterPinterestEmail
How To GuideLiving in Mexico How To Conserve Water in Your Home in Mexico: Practical Tips for Sustainable Living by Andrea Titzer April 10, 2024 written by Andrea Titzer Water scarcity is a global issue affecting nations worldwide, including Mexico. Conserving water has become a critical necessity everywhere. Whether you’re a long-time resident or new to living in Mexico, adopting water-saving habits in your home can make a real difference in preserving this precious natural resource. In this comprehensive guide, we’ll explore practical strategies tailored to Mexican households to address water conservation and to promote sustainable water use. Understanding Mexico’s Water Systems Mexico relies heavily on aquifers, rivers, and reservoirs to meet its water needs. Surface water sources, such as rivers and lakes, provide a substantial portion of Mexico’s freshwater supply supporting agriculture, industry, and urban centers. Mexico is one of the world’s top users of groundwater, with aquifers serving as a vital water source for agriculture, drinking water, and industrial processes. Mexico’s water infrastructure includes dams, reservoirs, and treatment plants designed to capture, store, and distribute water. CONAGUA La Comisión Nacional del Agua or the National Water Commission is a decentralized administrative agency of the SEMARNAT, la Secretaría de Medio Ambiente y Recursos Naturales or the Ministry of the Environment and Natural Resources, created in 1989, whose responsibility is to manage, regulate, control and protect Mexico’s national waters. Individuals do not often come into contact with CONAGUA. Communities and municipalities often work with the agency for permits. Local Water Infrastructure Agencies As an individual or homeowner, you will be in contact with the agency that maintains the local water infrastructure. For example, FONATUR in Huatulco, Administración de Agua Potable y Alcantarillado in Puerto Escondido or Junta Municipal de Agua Potable y Alcantarillado in Mazatlán. You can find out who is in charge of the water infrastructure in your town with a quick internet search, “agua potable (insert community and state).” Saving Water in Mexico Conserving water in Mexico requires a collective effort at the individual, community, and governmental levels. Mexico’s federal government has provided federal aid to companies in some states that lower their water consumption. Different communities and municipalities manage water distribution at local levels and adjust water access accordingly. Here are some practical tips for saving water on a household level: Fix Leaks Leaks are silent water wasters, often unnoticed until they result in higher bills or water damage. Regularly check faucets, toilets, and irrigation systems for leaks and promptly repair them. Utilize the services of a plumber if needed, ensuring all fixtures and pipes are in good condition. You can check for a slow leak in the toilet by adding food coloring to the water in the tank. If the colored water appears in the toilet bowl, it means there is a leak that needs to be fixed. Install Water-Efficient Fixtures One of the easiest ways to save water at home is by upgrading to more efficient plumbing fixtures. Look for WaterSense-labeled showerheads, faucets, and toilets that use at least 20% less water than standard models. These fixtures are widely available across Mexico and can significantly cut your daily water usage. You can also seek out certified eco-friendly products endorsed by CONAGUA (National Water Commission) for reliability and effectiveness. For example, replacing an older showerhead that uses 10 liters per minute with a WaterSense model that uses only 6 liters per minute can save you over 5,000 liters of water per year, just from your daily showers. Energy-certified washing machines use about 25% less energy and 33% less water than other types of washing machines. Consider retrofitting older plumbing systems with flow restrictors and pressure regulators to optimize water pressure and minimize wastage. Consider purchasing water-saving supplies from local hardware stores and home improvement centers. If you can’t find them locally, you will find a range of online retailers specializing in eco-friendly products. You can also order energy-saving appliances and supplies from Amazon and Home Depot. See our article, A How To Guide for Online Shopping in Mexico to know more. Report Leaks Vigilance in identifying and reporting public water leaks is essential. In many cases, leaks go unnoticed for extended periods, resulting in significant water loss. Each state and sometimes community in Mexico has its entity responsible for managing water resources, making it crucial for residents to familiarize themselves with local water authorities and reporting procedures. A quick internet search including “reportar fugas de agua (insert your city and state)” will quickly give you the contact. Store Water To mitigate the impact of water scarcity, consider investing in water storage solutions like tinacos or cisterns. These containers allow households to store water for future use, providing a buffer during periods of shortage. Rotoplas water storage tanks are popular choices in Mexico, offering durable and reliable solutions for storing clean water. Monitoring water levels and scheduling refills ensures a steady supply, even during interruptions in municipal water service. Using your stored water brings you present to how much water your household actually uses as you monitor to be sure your water supply lasts as long as possible. Harvest Rainwater Take advantage of Mexico’s rainy season by implementing a rainwater harvesting system. Harnessing rainwater offers a sustainable source of water for household use. Rainwater collection systems, ranging from simple barrels to an underground cistern, capture and store rainwater for various purposes. By collecting rainwater, households can reduce reliance on municipal water supplies and conserve resources. Xeriscape Landscaping Adopt xeriscaping principles to create water-efficient landscapes that require minimal or no irrigation. Choose native plants adapted to local climate conditions, which are naturally resilient, slow-growing and drought-tolerant. Choose plants like agave, yucca, and bougainvillea that thrive in Mexico’s arid climate. You can also incorporate hardscaping elements like gravel, stone, and mulch to further minimize the need for watering. Adopt Personal Water-Efficient Practices Implement personal water-saving measures such as shortening shower time, Challenge yourself to keep showers under 5 minutes, and you could save up to 40 liters of water per person, per day. Installing a shower timer or playing a 5-minute playlist can help you stay on track. Turn off the water as you brush your teeth and use a bowl of water while shaving. This small behavior change can save you 15-20 liters per day. Be sure to run full loads in the dishwasher and washing machine. Use Greywater for Irrigation Greywater is the waste water from sinks, showers, and washing machines that can be reused for irrigation rather than going down the drain. Installing a simple greywater system allows you to divert this water to your garden, lawn, or indoor plants. Or just capturs water as the shower heats up in a bucket or other container and use it to water plants, flush toilets, or for household cleaning. You can also catch shower water to water plants and wash floors. Wash dishes in a basin in the sink and then use to water plants. Not only does this reduce your overall water usage, but it also provides nutrients for your plants. Just be sure to use biodegradable, low-sodium soaps to avoid harming your greenery. Read more: How To Make Your Vacation Property Eco-Friendly Educate and Raise Awareness One of the most important steps in reducing household water usage is raising awareness and buy-in from everyone who lives with you. Educate your family, tenants, or housemates on the importance of water conservation and your specific water-saving initiatives. Promote water conservation awareness with friends and neighbors, workplace, and community. Organize workshops, distribute educational materials, and engage in outreach activities to empower others with knowledge and practical solutions. Create conversations with neighbors about how we can save water. Advocate for sustainable water management practices and support initiatives that prioritize water conservation and protection. Putting it All Together Implementing even a few of these water-saving strategies in your Mexican home can have a significant impact. By making conservation a daily habit, you’ll not only reduce your personal water footprint but also contribute to the long-term sustainability of this vital resource for future generations. April 10, 2024 0 comment 0 FacebookTwitterPinterestEmail
How To Guide How to Permanently Import Your Vehicle to Mexico by Brent May April 3, 2024 written by Brent May This article covers how to permanently import your vehicle to Mexico. For the sake of clarity, this article is referring to the procedures required for all of the areas south of the border areas. Special rules apply to those areas. Check your Mexican consulate for details. Provided your vehicle is 8-9 years old, you have permanent resident status in Mexico and you want to get Mexican plates for your car, you may be able to permanently import your car. Here’s how. Temporarily or Permanently Import? Which is for you? There are two ways to import your foreign-plated vehicle into Mexico. You may temporarily import your vehicle to Mexico or permanently import your vehicle to Mexico. Which of these procedures you decide to do will depend on your immigration status. If you are a permanent resident, residente permanente, you will want to either permanently import your vehicle to Mexico or buy a vehicle in Mexico. To read more about temporarily importing your vehicle, check out our article here: How to Import Your Car to Mexico. How to Permanently Import Your Vehicle to Mexico If you plan on permanently importing your car, you may import a vehicle with a capacity for up to 15 passengers. Requirements and custom duties will depend on the age, model and paperwork available for your car. Generally, the vehicle must have been manufactured in North America. You know this with the VIN. The first digit of the VIN, Vehicle Registration Number, must be somewhere between 1 and 5. 1, 4 and 5 signifies a vehicle made in the U.S., 2 in Canada and 3 in Mexico. How much does it cost to import a vehicle? You will pay an import tax depending on the age of the vehicle. For example, if the vehicle is between 8 and 9 years old, it is subject to a 10% import tax on the value, (if you can get a certificate of origin, the import tax will be 0%), you will pay 16% VAT or IVA in Spanish, 0.8% customs fee and an additional custom agent’s fee. We recommend contacting the agent well in advance to check on the requirements for your vehicle’s specifications. Who is an agente aduanal? You are required by law to hire a licensed customs agent or agente aduanal to handle this process for you. You can find an agent by searching online for “agencia aduanal importación de autos” or “agente aduanal import car Mexico.” We recommend consulting with your customs agent before starting the process. Since used cars are significantly cheaper in the U.S. than in Mexico, we might imagine that it is cost-efficient to import a used car. This may not always be the case. The customs agent can give you an estimated cost because taxes and other costs vary depending on the vehicle. Call or email them for a price quote. Ask several agencies, compare costs and response times. Then, the agent will give you the list of common paperwork you will provide for the procedure. Once you’ve gone through the process and entered Mexico with your paperwork, you can get your new plates at your Mexico destination. You may be proposed plates in the U.S. or at the border by a customs agent. Know that this is an illegal shortcut. If you’ve gotten this far, go to your destination and get your plates the proper way through el Departamento de Transporte y Vialidad. What if I’ve changed from temporary to permanent residency? If you have switched from Temporary to Permanent Resident status while in Mexico, you may not just change over your vehicle’s status. You must export the car and go through the procedure above to import it again with the proper import status. If your car is illegally in Mexico or will be once you switch from residente temporal to permanente, you can opt for a “Safe Return” procedure. You can get a “Retorno Seguro” from the SAT. This permit will give you 5 days to drive the car out of the country. It can be difficult to permanently import your car because only some cars can be imported. The customs agent will give you the current specifications of vehicles that can be imported. If your car cannot be imported, know that it is easy to buy a car in Mexico. And easy to get plates for your new car in Mexico. To find out all about How to Buy a Car in Mexico, read our article here. Know that rules and regulations can change frequently for this process. Also, regulations around buying a new car can change from one state to another. Do your homework for your geographic area. As always, patience, politeness and a smile are part of what you will need to furnish with your paperwork to make your experience successful. April 3, 2024 0 comment 0 FacebookTwitterPinterestEmail
Mazatlán The Economic Forces Behind Mazatlán’s Real Estate Renaissance by Brent May March 29, 2024 written by Brent May The coastal city of Mazatlán is experiencing a remarkable resurgence in its real estate market, attracting investors and homebuyers alike. This article explores the underlying economic forces that are driving this renaissance and reshaping the city’s urban landscape. Mazatlán’s Economic Landscape Mazatlán boasts a diverse economy supported by key industries such as tourism, agriculture, logistics, tech and manufacturing. However, it’s the tourism sector that has emerged as a primary driver of economic growth. With its miles of beaches, rich culture, and historical colonial center, Mazatlán attracted approximately 5 million visitors in 2023, providing a solid foundation for real estate development. Mazatlan’s Tourism Landscape Mazatlán’s allure as a real estate destination is greatly augmented by its rich tourism scene and many attractions. Nestled along Mexico’s Pacific coast, Mazatlán has miles of beaches and a rich cultural heritage that attract visitors from around the world. Adventure seekers have an array of water sports, from surfing and parasailing to snorkeling and deep-sea fishing. The city’s historic Old Town, with its colonial architecture and colorful markets, offers a glimpse into Mazatlán’s past, while the iconic Malecón promenade provides a scenic backdrop for leisurely strolls and taking in sunsets. From exciting nightlife and world-class dining to festivals celebrating music, art, and cuisine, Mazatlán offers an abundance of experiences that contribute to its appeal as both a tourist destination and a desirable location for continued real estate investment. Infrastructure Development Investments in infrastructure are playing a pivotal role in fueling Mazatlán’s Real Estate Renaissance boom. The city has seen significant improvements in transportation networks, including modernization of roads, expansion of the airport, and enhanced connectivity with major cities across Mexico and beyond. Major urban development projects like Central Park with its Aquarium, construction of the ultramodern Kraken Football Stadium, with a seating capacity of 20,000 and the modernization of the baseball stadium provide important recreational opportunities for residents and visitors. The Gran Acuario Mazatlán “Mar de Corté,” Mexico’s largest aquarium, shows the city’s commitment to celebrating the rich biodiversity of the Sea of Cortez classified a UNESCO World Natural Heritage Site. Mazatlán is also a convention capital and cultural hub with the Mazatlán International Convention Center which hosts an average of 500 events annually. In the Marina Mazatlán neighborhood, anticipation builds for the grand opening of NUS Suites & Plaza commercial center in the second quarter of 2024. Set to house an restaurants, bars, and shops on the ground floor of the Nus Wyndham Garden Suites, this plaza promises to further enrich the city’s cultural and commercial landscape, providing residents and visitors with new experiences and amenities. The port renovation project coupled with the T-MEC freight logistics corridor running from the port of Mazatlán through northern Mexico, Texas and north to Winnipeg are catalysts for development in the area. And, the Space Park will be opening soon. Additionally, developments in utilities and services have contributed to the attractiveness of the city for real estate investors. Government Policies and Incentives Government initiatives have played a crucial role in stimulating real estate development in Mazatlán. By offering tax incentives, streamlining bureaucratic processes, and implementing strategic urban planning policies, local authorities have created a conducive environment for planned investment and growth in the real estate sector. Foreign Investment and Market Integration Mazatlán’s Real Estate Renaissance market has become increasingly integrated with international investors and networks. Foreign buyers, attracted by the city’s affordability and lifestyle appeal, have injected capital into the market, driving demand for luxury properties, vacation homes, and investment opportunities. This integration has brought global attention to Mazatlán as a promising real estate destination. Mazatlán’s stable economy, competitive property prices, and supportive government policies establish an ideal setting for real estate investments. Demographic Trends Demographic shifts, including an influx of retirees and expats seeking affordable living options and a high quality of life, have further fueled demand for real estate in Mazatlán. As more people recognize the city’s potential as a desirable place to live, work, and invest, the market continues to expand and diversify. Sustainable and Mixed-use Development Mazatlán’s Real Estate Renaissance market focuses on sustainable and mixed-use developments, reflecting a shift towards versatile spaces. Developers are responding to modern preferences by prioritizing eco-friendly features and multifunctional designs. Mixed-use developments combine residential, commercial, and recreational spaces in one, offering convenience and community engagement. These trends cater to the evolving needs of buyers and investors, enhancing the appeal of Mazatlán’s real estate market. Mazatlán’s real estate renaissance continues to thrive, propelled by a convergence of economic drivers such as infrastructure development, supportive government policies, and both foreign and domestic investment. The city presents many opportunities for investors, developers, and homebuyers, as it evolves and expands. Furthermore, with property prices maintaining a steady upward trend in 2024, fueled by growing tourism and ongoing development projects, Mazatlán remains a compelling destination for those looking to capitalize on its thriving real estate market. If you’ve decided on Mazatlan, get in touch with our agents. They listen to your personal needs and requirements and will show you homes that correspond to you! Sure, here’s how you can set it up with emojis: 📞 669 110 3441 ✉️ info@baysidemazatlan.com March 29, 2024 0 comment 0 FacebookTwitterPinterestEmail
How To GuideRelocating to Mexico How to Achieve Work-Life Balance in Mexico: The Leon Family’s Story by Brent May March 27, 2024 written by Brent May Moving to Mexico is a decision many people contemplate for various reasons. Whether it’s seeking a change of pace, a warmer climate, experiencing a new culture and learning a new language or simply a new adventure, the allure of Mexico is undeniable. Today, we catch up with Mike Leon, our Bayside Real Estate agent in Huatulco, who shares his family’s experience five years into their Mexican journey. Childhood Dreams Fulfilled Mike reminisces about his childhood in Toronto, painting a picture of bustling streets and carefree adventures. Now, as a father of two sons, aged 11 and 13, he sees them relishing a similar upbringing in Huatulco. He notes the abundance of activities and the sense of safety that allows his boys to wander freely in town, mirroring his own childhood experiences. Abundant Opportunities In Huatulco, Mike’s sons are thriving, engaging in many activities ranging from soccer to music lessons. The small-town vibe not only fosters a sense of community but also makes these activities more accessible and affordable compared to their Canadian counterparts. Mike emphasizes the quality of teachers and the options available, enabling his sons to explore their interests freely. Family-Centric Lifestyle One of the most significant changes for Mike and his family has been the shift towards a more family-centric lifestyle. With reduced commute times and a slower pace of life, they’ve found themselves spending more quality time together. Designing their lives around their children has led to a better work-life balance and a closer-knit family life. Read Lifestyle Design in Huatulco: One Family’s Life-Changing Story Overcoming Skepticism Initially, the decision to move to Mexico was met with skepticism from some family members, fueled by negative media portrayals. However, visits from loved ones and firsthand experiences have dispelled these fears. Witnessing the Leon family’s thriving lifestyle has even prompted some to follow suit, with one family member purchasing a home in Huatulco. Embracing Adventure Living in Mexico has opened up a world of opportunities for the Leon family. From their new home base, they’ve been able to take impromptu road trips close and far away embracing the spirit of adventure. They have been able to travel extensively while still enjoying the comforts of home in Huatulco. Read more: How To Travel to the Yucatan from Huatulco Read more: How To Visit Chiapas State from Huatulco A Vibrant Community Mike and his wife have found a vibrant community in Huatulco, filled with like-minded individuals and fellow expats. The influx of families post-COVID has only enriched the community, reflecting a broader trend of people prioritizing lifestyle and flexibility over traditional norms. Gratitude and Fulfillment Reflecting on their journey, Mike expresses immense gratitude for the opportunity to live such a fulfilling life in Mexico. The improved quality of life and better health outcomes serve as testaments to their decision to embrace change. As Mike puts it, “Our enjoyment of life is proof of success in changing lifestyles.” The Leon family’s story is just one example of the countless expats who have found a new home and a renewed sense of purpose in Mexico. If you’re considering making the move yourself, mexicoliving.com offers a wealth of practical resources, from visa information to real estate listings. If you’re ready to make Huatulco your new home, get in touch with Mike. He’ll help you find your new family home. 📞 958 124 7049 📷 sellinghuatulco March 27, 2024 0 comment 0 FacebookTwitterPinterestEmail
Yucatan Meet Progreso: Yucatan’s Public & Private Infrastructure by Brent May March 22, 2024 written by Brent May Progreso is a dynamic, growing town on the coast of the Gulf of Mexico in Yucatan state. Over the past decade, the town has seen significant investment in infrastructure including upgrades and renovations to the pier, the port, the Malecon and surrounding streets and other essential services like water treatment plants. At the same time, Progreso’s real estate market is thriving and offers a range of investment opportunities. The town has seen a steady increase in tourism and port activity over the past decade, which has helped to drive growth in the local economy. The development of new roads, bridges, and public transportation systems has helped to make the town more accessible to residents and attractive to investors. An Historic Shipping Hub and Resort Destination Progreso has undergone a tremendous transformation over the years. As a small fishing village, Progreso came to the forefront of the shipping industry in the mid 1800s and then became a seaside resort destination for wealthy tourists escaping the heat from the city. Hotels and vacation homes were built. Progreso became well-known for its emerald waters and beautiful beaches. Investment in Progreso Government and private investment in Progreso has played a significant role in the growth and development of the town. Over the years, the government has invested in various projects and initiatives aimed at improving the town’s infrastructure, promoting economic development, and enhancing the quality of life for its residents. History of Progreso’s Port The economic base of Progreso is fishing and maritime commerce. Historically, Progreso shipped henequen products, mainly rope and twine made from the agave plant. In the 1960s and 70s, Yucatan’s products began being shipped more by land, drastically reducing Progreso’s port activities. But the port expanded its activity and began shipping honey, henequen artifacts, chewing gum, fish and other articles. In 1999, work began on the fourth stage of the port’s expansion, one of the most important investments in the maritime port sector. This renovation allowed access to larger vessels. Sustained Shipping Growth The federal government is currently investing in the new expansion of the Puerto de Altura de Progreso based on considerable growth over the past decade in maritime traffic. In 2017, the Mexican government recognized Progreso, Yucatán, as one of the most important special economic zones in the entire country. Expansion and modernization works are in progress to increase the depth and width of the navigation channel, which will allow larger cargo ships and cruise ships with greater passenger capacity to dock, which reinforces competitiveness and tourist affluence. Progreso’s Port Expansion The plan to expand the Port Altura in Progreso involves enlarging the port’s platform from 32ha to 72ha. This project will be done in collaboration with the Mexican Navy (SEMAR). Currently, ships with 36,000 to 40,000 tons of cargo can dock; with the improvements, ships that move up to 100 tons will be able to dock. Yucatan registered a movement of eight million 427,275 tons of cargo in 2022, the highest figure reached so far, according to the Mexican Ports Statistical Report of the Ministry of Infrastructure, Communications and Transportation (SICT). Total cargo in 2022 represented an increase of 21.9 % with respect to 2021, which positioned the State in the “Top 5” for growth in the Gulf-Caribbean zone, and at a national level, among the seven entities with the highest volume moved. The cruise ships that arrive now have capacity for 2500 passengers. Once the works are finished, number will increase to up to 8000 passengers. The Great Shipyard Once the works finished, the Italian shipping giant Fincantieri, will create and operate the largest shipyard in America in Progreso. The investment in the first stage is $150 million dollars, which could reach up to $500 million dollars, generating thousands of direct and indirect jobs for the area. Fincantieri has 230 years of history and has built more than seven thousand vessels. The company is listed on the Milan stock exchange and on the Nasdaq in New York. It has geographically diversified businesses, with profits from the construction of cruise ships, warships, submarines, specialized construction and supply ships for electronic systems solutions, as well as software for maritime infrastructure. The Malecon Progreso has dramatically changed in the past few years. Thanks to a dynamic mayor, town council and a dynamic community vibe, Progreso continues to undergo a transformation with an ongoing $250 Million Dollar Federal Investment to improve Progreso´s Urban Infrastructure. The government has provided funding for the development of new hotels, restaurants, and attractions, as well as for marketing campaigns aimed at promoting the town as a tourist destination. These investments have helped to attract more visitors to Progreso, which has provided a boost to the local economy. The Malecon area and surrounding streets have been expanded and modernized. Remodeling of the traditional Malecon was completed in July 2022 along with repaving of 33 kilometers of roads. You’ll find a revitalized esplanade dotted with restaurants, sculptures and bikes for rent. Progreso boasts a mix of Caribbean, colonial and modern architectural styles. It has a beautiful French style City Council building and a curious inland lighthouse. General Infrastructure The government continues to invest in Progreso’s infrastructure. The government has provided funding for the construction of new roads and highways including the Merida- Progreso highway bypass estimated at $70 million dollars, streets and underground wiring, water and sewage systems and the local education system. These investments have helped to improve the quality of life and favored entrepreneurship in Progreso, which has had a positive impact on the town’s economy and overall well-being. Progreso’s Viaduct The elevated viaduct project in Progreso aims to revolutionize mobility in the port town, prioritizing efficiency, intelligence, and sustainability. Enhancements include optimizing entry and exit points, streamlining traffic flow, and reducing environmental impact. Additionally, green spaces, family parks, and a bike lane will be integrated to improve residents’ quality of life and promote a healthier lifestyle. The viaduct, with separate lanes for inbound and outbound traffic, facilitates cargo transport directly from the port to the federal highway, bypassing Progreso. The project also includes significant upgrades to drinking water infrastructure for comprehensive and sustainable community development. Rail Extension Other projects are planned like the 52km extension of the Mayan Train to Poxila-Progreso. This connection aims to enhance shipping conditions from Salina Cruz to Veracruz and beyond. Connecting Port Progreso with the industrial zone of Poxila (Uman), Hunucma, and Teya, the railway seeks to significantly cut logistic transportation costs. The logistics hub’s strategic location, just 15km from the Port Progreso container terminal, adds to its appeal. In collaboration with the Ministry of National Defense (SEDENA), Yucatan’s government has donated over 100ha to establish a logistics park, reinforcing the state’s logistics development. Tech Industry In recent years, the government has also invested in Progreso’s technology industry. Yucatan is actively advancing technological innovation through the creation of a Well-being Technology Hub, mirroring the fiscal incentives of the CIIT project’s industrial parks. Spanning 223ha along the Merida-Progreso highway, the hub designates 110ha for the Mayan Train and 60ha for the Yucatan Science and Technology Park. The aim is to attract investments and businesses, particularly in information and communication technology. Proposed plans have been submitted for review to the Ministry of Economy and the Ministry of Finance and Public Credit (SHCP). Progreso offers an excellent opportunity for those looking to invest in real estate in Mexico. One of the key reasons to invest in real estate in Progreso is the city’s stunning location. With its pristine beaches, emerald waters, and surrounding natural scenery, Progreso is a prime destination for a laid-back beach lifestyle or investing in the next real estate hotspot in Mexico. Popularity due to location, climate, community, activities and affordability are increasing demand for rental properties and vacation homes. Progreso is an attractive option if you’re looking to maximize your return on investment. Get in touch with our agents in the Yucatan. They know how to understand your dreams and show you properties that meet your personal requirements. Call: 999 418 4827 Email: info@baysideyucatan.com March 22, 2024 0 comment 0 FacebookTwitterPinterestEmail
Cost of Living in MexicoHow To Guide How to Calculate Your Daily Cost of Living in Mexico by Brent May March 20, 2024 written by Brent May For many considering a move to southern Mexico, the allure of a lower cost of living has long been a primary draw, often rivaled only by the region’s exceptional climate. While it’s undeniable that inflation rates, influenced by post-pandemic factors and Mexico’s flourishing economy, have seen an uptick, there are many reasons beyond affordability to choose Mexico as your new home. As of March 2024, the exchange rate hovers around 17 pesos to 1 US dollar, or 12.50 pesos to 1 Canadian dollar. For those on fixed incomes or diligently managing monthly budgets, the appeal of southern Mexico remains strong, offering a favorable comparison in both cost of living and quality of life against North American or European counterparts. Despite price increases, the region maintains its allure with its exceptional climate, superior food quality, quaint small-town advantages, stunning beaches, diverse recreational opportunities, and a welcoming local community. While expenses vary depending on location and individual lifestyle preferences, southern Mexico often presents significant savings in some areas. In this article, we delve into the actual costs of everyday essentials in southern Oaxaca state, providing insight into budget considerations for those contemplating a move here. Whether you’re drawn by affordability, lifestyle, or cultural immersion, Mexico continues to offer many reasons to call it home. Conversion For the purposes of this article, we’ll use a couple different online sources as well as a basic currency convertor to demonstrate costs in US dollars. As most Canadians are aware, you can add 25% to 30% to calculate prices in Canadian dollars. Of course there will be regular fluctuations in the conversion from pesos as national currencies take regular rises and dips, but this should give you a general idea of what to expect when considering a budget. Tiendas Something else to note is that if you settle into a smaller community in southern Mexico, you will likely end up doing a lot of your regular shopping at smaller family-owned tiendas and specialty shops. Prices in these places will likely be a bit higher than if you were to settle in Huatulco or Puerto Escondido, for example, where you have access to larger, national-chain stores like Chedraui and Soriana. These kinds of stores basically offer “one-stop shopping”, where you can purchase groceries, but also a wide range of other goods, from housewares and clothing to appliances and motor oil. Markets On the other hand, most small towns in Mexico have at least one dedicated market day, where vendors set up temporary booths and sell all kinds of produce at good prices. Part of the fun of living in Mexico is to explore what your community has to offer, visit various shops and markets, and find your favorites. Measurements For Americans, it should be noted that Mexico uses the metric system for weights and measurements. One kilogram converts to 2.2 pounds, while 1 litre is just over ¼ of a US gallon. Daily Food Costs in Mexico You’ll get up in the morning to yet another beautiful, sunny day and want to put on the coffee. When it comes to water, most people have drinking water delivered to their homes in 20 litre (or 5 gallon) plastic bottles called a garrafon. To buy a new full bottle costs $2.50 US, but afterward you simply exchange the empty bottle for a full one for the cost of around $2.00. You can find excellent coffee in specialty shops in southern Mexico, and can expect to pay around $9.00 for a kilo. If you add milk and/or sugar, a litre of 1% milk is $1.59 while a 600-gram bag of sugar is roughly the same. For breakfast, you can find a loaf of freshly baked artisanal bread for $5.00 or sliced commercial bread for $2.25, a small jar of jam will set you back about $1.50 while a single stick of butter also runs about the same. If you’re the kind of person who likes to bake their own bread, 1 kilo of wheat flour is around $1.00. A dozen eggs will set you back $2.72, while a 250-gram package of smoked bacon (10 slices) is around $4.00 If you enjoy fresh fruit in the morning (one of the many perks of living in Mexico) a kilo of bananas costs $1.31or oranges cost $1.84, while apples are around twice that price. When it comes to lunch and dinner, you of course have the option of eating out or cooking at home. In a medium-priced restaurant, a meal for two people with a couple of drinks will be in the $35.00 range. Or you can eat like a local at a small comedor and get a plate of tacos and a cold beer for around $7.50. To cook your Mexican food at home, a half-kilo of fresh corn tortillas (about 30) is a mere $0.83, while a 10-pack of the flour variety cost the same. Make your own salsa with tomatoes and jalapenos for $1.88 per kilo. A kilo of white onions will be around $1.93. Top off your tacos – or anything else – with crumbly queso fresco cheese, sold in a small round cake for right around $3.00, or buy a 600-gram pack of very popular Mexican-style Manchego cheese for $4.00. A kilo of dried black beans is only $1.50 cents, while the canned variety are generally about $1.00 cents for a 500-gram tin. If you get a hankering for making a pizza at home, you can even find pre-shredded mozzarella in the larger grocery stores for about $4.90 for a 600-gram package. And what if the kids are demanding a classic grilled cheese for lunch? You can even get Kraft American-style packaged cheese slices at $2.00 for a 8-pack, or whip up a tuna fish sandwich at $1.25 per can, depending on the brand. Poultry in southern Mexico will cost around $6.00 for two large (and we mean large) bone-in chicken breasts. If you prefer to have someone else do the cooking, find a small rotisserie chicken restaurant and take out a complete meal for 2 or 3 people – a whole chicken, veggies, rice, tortillas and salsa – for around $13.00. When it comes to beef and pork, prices are a bit higher. A local butcher may charge $11.60 for a kilo of beef round. One kilo of pork roast will be about $10.00, while a kilo of baby-back pork ribs will be about $20.00. Tuna or mahi mahi filets or steaks will cost about $10-$15 per kilo to prepare at home. Liquor, Wine and Beer Costs in Mexico Having covered some basic food items, we can look at some other products you’ll be needing or wanting on a regular basis. If you enjoy watching the sunset with a drink on the patio, or entertaining at cocktail hour, you can whip up a pitcher of margaritas for $9.50 for a 1-litre bottle of Jose Cuervo (or other popular brands) tequila, and a same-size bottle of Controy orange liqueur for $9.00. Limes are sold by weight at about 90 pesos per kilo. Grab a bag of ice from a local convenience store for about $1.90. If you prefer hard liquor, a 750 ml bottle of Johnny Walker Red Label whiskey can be found in larger grocery stores for around $19.00, while the same size of a 12-year-old Chivas Regal is $34.00. A 1-litre bottle of Absolut vodka will be $17.00. As for mix, a 3-litre bottle of Coke is $2.00, a 2-litre bottle of soda water is about the same. One litre of fruit juice for $1.50. For wine drinkers, the most popular brands of reds and whites from Chile or Argentina can be found everywhere for $11-15.00 per bottle, while higher-end imports from Spain or France can run up to $20.00 or $30.00 per bottle. When it comes to beer, the bottle variety of ubiquitous Corona typically sells for $1.00 to $1.70 each. This is usually the price you would find at smaller tiendas, (where the cost includes the deposit on the bottles, which you receive back when you return them) but discounts can be had if you shop at larger grocery stores. Prices for drinks will be more expensive in restaurants. A more premium brand of beer such as Bohemia (dark or light) will run you $8.00 for a six-pack at a grocery store, $1.65 at most tiendas. More and more craft beers are becoming available in Mexico but they are more expensive at $3.00 to $5.00 per bottle, depending on the brand. Toiletry and Cleaning Products Cost in Mexico Of course, on a day-to-day basis you’ll need other products such as toiletries and cleaning products. A 16-pack of toilet paper can be bought for around $5.00, a bar of soap such as Zest is 80 cents, a brand such as Pears will be just over $1.00. Popular brands of toothpaste such as Colgate or Crest are just over $1.00 for a tube, but a more specialty brand like Sensodyne is more expensive at around $4.50 for a tube. A 400 ML bottle of shampoo such as Pantene costs right around $2.50, a 700 ML bottle of Head & Shoulders will be $7.00. Disposable razors for both men and women are curiously expensive in the grocery store, running around $5.00 to $6.00 for a three-pack. As for cleaning products, Fabuloso is the go-to product for mopping floors, and a 1-litre bottle is $1.60. Clorox bleach is used for everything, and costs a mere $1.90 for a 2-litre bottle. White vinegar, which in Mexico is used as a cleaning product more than a cooking product is around $2.68 cents for a 4-litre jug. A 2-litre bottle of detergent of various brands for washing clothes is $5.00. The Cost Of Pets in Mexico If you have a pet, hard kibble for dogs or cats can be found either in grocery stores pre-packaged or in most tiendas in bulk for $2.50 to $3.00 per kilo. Canned pet food can usually only be found in large grocery stores where you’ll pay about $1.70 for a tin of cat food, twice as much for a can of dog food double the size. Cat litter can only be found at large grocery stores and costs $5.00 for a 7 kilo bag. (Pro tip – if you’re bringing a pet cat to Mexico from Canada or the US, also bring along a litter box and scooper, as such things basically do not exist in most places in Mexico. In fact, most Mexicans find the whole idea of litter boxes for cats very odd. Cats are supposed to live and do their business outside.) Cost Of Daily Transportation In Mexico When it comes to daily transportation, the most economical way to get around is to ride in a pasejero, which is a small truck with a covered box and benches running along the sides. Typically a 30-minute journey will cost around $1.50. You can also choose to wave down a collectivo taxi, which is a regular taxi, but which will stop and pick up and let off other passengers as you go – in other words you are ride sharing. The same 30-minute journey by collectivo taxi will be around $2.00. Read more: How to Live in Mexico Without a Car If you choose to take a private taxi, you can expect to pay about $19.00 for the same 30-minute trip. As a word of caution, taxi prices can fluctuate widely and most taxis are not metered – always ask the price to your destination before you get in. Finally, if you happen to have your own car, gas in Mexico as of March 2024 is selling for around $1.42 US per litre, or roughly $5.68 for a US gallon. Gas is one product where the cost has risen fairly steeply over the past few years (almost 50% in the last five years or so), and like everywhere else in the world this increase is one of the prime drivers of higher costs for other products that have to be transported to market. Basic Health Care Costs While doctors’ appointments and services can vary widely, a typical general medical doctor’s appointment will cost between $30 and $40. A basic appointment with a Specialist will cost between $30 and $60. General laboratory exams including having blood drawn and testing for cholesterol, glucose, etc., could cost around $20. Read more: How To: Review of Health and Medical Insurance Options for Mexico Car Maintenance If you’re buying a car in Mexico or bringing your own, generally basic checkups and repairs are cheaper than up north. An oil change will run about $15 including a liter of oil, having the wheels aligned about $20, replacing a windshield will cost about $100 while replacing a side mirror about $7. Read more: How to Buy a Car in Mexico Utilities Generally speaking electricity costs are lower but if you’re using a lot of AC or a clothes dryer, cost will rise significantly. A 45-kilo bottle of propane costs $25.00. Fiber optic internet and landline service from Telmex costs $21 or more per month depending on the package you choose. It’s important to recognize that the costs outlined here are not universal and can vary significantly based on your chosen region, city, and individual lifestyle preferences. While this overview may not encompass every aspect of living expenses, it serves as a foundational guide for budgeting your income in comparison to your North American or European lifestyle. Whether you’re enticed by Mexico’s affordability, favorable climate, or rich culture, the decision to make it your new home extends beyond financial considerations. Embracing the diversity, warmth, and richness of life in southern Mexico can be a transformative experience, offering a blend of quality living and cultural immersion that transcends far beyond affordability. March 20, 2024 2 comments 0 FacebookTwitterPinterestEmail
Investing in Mexico What Sets Puerto Escondido Apart from Other Markets by Brent May March 15, 2024 written by Brent May Puerto Escondido, nestled on the southern Pacific Coast of Mexico, stands out as a distinctive destination and real estate market. From its exciting food scene to a diverse community and a year-round rental market, Puerto Escondido offers a unique blend of culture, lifestyle, and investment opportunities. In this article, we have a look at the factors that set Puerto Escondido apart from other real estate markets. A New Foodie Destination Puerto Escondido has emerged as a culinary hotspot with Oaxaca City, attracting food enthusiasts from around the globe. Both of these destinations privilege the farm-to-fork concept. The culinary scene is chef-driven, with many talented professionals incorporating locally sourced products, mixing traditional recipes with new cuisine, resulting in a delightful fusion of flavors. From street markets to upscale restaurants with fish and seafood as fresh as it gets, Puerto Escondido offers a gastronomic experience like no other. The food scene notably offers exclusive culinary experiences. Unique restaurants within designer hotels, like the revered @kakurega_omakase at Casa Wabi, provide foodie experiences requiring long in advance reservations that set the town apart. Diversity in Culture and Community One of Puerto Escondido’s distinguishing features is its diverse community, making it the most eclectic place in Oaxaca. The town attracts people from various backgrounds, including Europeans, Arabs, North Americans, and Africans. This blend of age and ethnicity contributes to a stimulating atmosphere for people who choose to live here. Laid-Back Lifestyle and Wellness Focus Attracting families and young professionals, Puerto Escondido appeals to those seeking a laid-back, healthy lifestyle. The focus on sports, wellness, and overall well-being creates an environment where families and young couples thrive. Yoga offerings, chef retreats, and a commitment to local organic cuisine contribute to a quality of life that sets Puerto Escondido apart from other destinations. Read more about Why People Love Living in Puerto Escondido. Booming Real Estate Market Puerto Escondido is witnessing substantial growth, both in terms of its town development and real estate market. The real estate market attracts a diverse range of investors, from young families to retirees, all seeking a simple, clean, and healthy lifestyle. New developments are coming on the market providing different housing options from single family homes to condo developments which are fairly new to this area. Bayside Real Estate has a range of developments. Paxifico in La Punta de Zicatela with direct beachfront access, was designed by the renowned BAAQ architectural firm, led by Alfonso Quiñones. Construction has begun on Villas Marinero, a slow-living concept in a prime beach location on Playa Zicatela. Puerto Bambu in El Venado is a beachfront low-density development with unique 3 BR, 3.5BA beach homes. La Escondida near El Faro designed by internationally award-winning architects offering the perfect Mexican modern design has some villas for sale. Villas Palmarito has town house and villa options north of town. Year-Round Rental Market Puerto Escondido’s real estate market has experienced a transformative shift, during and especially post-COVID. Once known for its traditional rental patterns of high winter rentals and lower spring through fall occupancy, the town has become a year-round destination. The influx of new residents and extended stays has eliminated traditional low seasons. From Americans seeking summer surf stays with their families to winter snowbirds and the continuous flow of surf enthusiasts throughout the year, Puerto Escondido is thriving, with occupancy rates ranging from 85-90% per month in condos near town. Growing Connectivity As Puerto Escondido evolves, so does its connectivity. The airport is undergoing renovations, with plans for international flights from Canada, the US, Europe, and South America. The newly improved Puerto Escondido to Oaxaca City highway has drastically reduced travel time, making the city accessible in just 2 hours and 45 minutes, compared to the previous 6.5-hour journey. The hospitality sector is responding with boutique hotels, catering to the growing influx of visitors. Read our article here about Puerto Escondido Airport’s Upcoming Transformation that has already begun. Unique Architectural Projects Architecture plays a crucial role in Puerto Escondido’s charm, with numerous projects designed by renowned architects. Read more about that in our article, Exploring the Architectural Projects of Puerto Escondido. Proximity to the Mountains Beyond the coastal beauty, residents LOVE the proximity to the mountains – just 30 minutes to an hour away. Weekend getaways in mountain cabins provide a refreshing escape to visit coffee plantations, hike, and relax in the cool mountain air and forests. Unique Mexican Charm with an Active Expat Community Puerto Escondido offers the best of both worlds of Mexican authenticity and an active expat community. Mexican people from all over Mexico including Mexican professionals like specialty doctors, are choosing Puerto Escondido for its unique charm and high quality of life. The town’s personality sets it apart from larger tourist destinations like Puerto Vallarta and Cancun, offering a size that is just right – bigger than the coastal villages like Mazunte but not too small or too big. Standing out as one of Mexico’s Top Emerging Markets, Puerto Escondido offers a unique blend of diverse culture, culinary excellence, and a thriving rental market. Coupled with a commitment to wellness, architectural innovation, and improved connectivity, Puerto Escondido is positioned as an exciting destination and investment opportunity. If you’re ready to make the move, get in touch with our agents. They will get to know your dreams and help you find the perfect home on the Oaxaca Coast. 📞 954 559 9159 ✉️info@baysidepuertoescondido.com 🌐baysidepuertoescondido.com March 15, 2024 0 comment 0 FacebookTwitterPinterestEmail
Mazatlán Mazatlán: Your Ultimate Destination for the Great American Eclipse on April 8, 2024 by Brent May March 14, 2024 written by Brent May Mazatlán: The Prime Viewing Location for the Great American Eclipse The Great American Eclipse will happen April 8th, 2024. We are super excited here in Mazatlán because we are the best place to see it in all of North America! In Mazatlán, the full eclipse will be visible, and we have the best weather for it! Clear, blue, sunny skies are the daily grind here. Mazatlán’s Preparation for the Total Solar Eclipse This full eclipse, when the moon passes between the sun and Earth, will experience total darkness for 4 minutes and 20 seconds. NASA will be documenting the eclipse from the port of Mazatlán. NASA will also livestream the event. Telescopes will be set up in public spaces all around the city for residents and visitors to directly observe the eclipse. Join the Excitement: Stay & Play in Mazatlán If you’re exploring Mazatlán for your real estate investment or retirement home, join us in Mazatlán in April 2024 for a Stay & Play. All eyes will be on the city as we gear up for the total solar eclipse. Many people will flock to Mazatlán to watch the eclipse at 11:07am local time. Plans for eclipse parties and celebrations are underway. During a total solar eclipse, the moon completely covers the sun. The total eclipse phase itself lasts for only a few minutes at any specific location along the eclipse path. The day slowly turns into an eerie twilight. The entire eclipse, from the beginning of the partial phase to the end, spans a few hours as the moon’s shadow sweeps across the Earth. The eclipse is a captivating moment and precious for observers in the path of totality. Mazatlán is a cosmopolitan coastal city with almost half a million people. The city beach lifestyle focuses on active living, an incredible climate, a warm expat and local community, large cultural offerings, amazing amenities, beaches and affordability. It is a remarkable destination for expats seeking a vibrant and culturally rich living experience. Read more: Why We Love Mazatlán The Allure of Mazatlán’s Coastal Lifestyle The city’s historic center is a colorful testament to its rich colonial heritage, featuring a large and well-maintained downtown. Mazatlán also has an abundance of modern amenities. With fine dining, European-style cafes, lively clubs, museums, theaters, and a diverse music scene, creating a dynamic and engaging urban environment. The local dining options, from small eateries to gastronomic options characterized by rich and flavorful cuisine with lots of fish and seafood, add to the city’s charm. Mazatlán has miles of well-maintained sandy beaches and warm, inviting waters. A lighted boardwalk along the beachfront, the Malecon, provides a picturesque setting for strolls, jogs, and leisure activities. Read more: How To Get To Mazatlán This Winter Investment Opportunities in Mazatlán’s Real Estate Market Remarkably, Mazatlán offers affordability with reasonable prices for property investments. Its status as a highly desirable expat destination with a robust rental market. Property owners can leverage the city’s popularity among visitors to generate rental income, making it an appealing prospect for those considering investments in the real estate market. In essence, Mazatlán stands as a mosaic of culture, history, modern amenities, natural beauty, and affordability, making it a compelling living destination for expats seeking an active and enriching lifestyle. If you’ve decided Mazatlán is right for you, get in touch with our agents. Sure, here’s how you can set it up with emojis: 📞 669 110 3441 ✉️ info@baysidemazatlan.com March 14, 2024 0 comment 0 FacebookTwitterPinterestEmail