1. Is property ownership in Mexico a sound investment?

Over the past 10 years the Puerto Vallarta real estate industry has seen a strong increase in foreign and national investors and purchasers. The increasing stability of the Mexican economy and positive consumer confidence have enhanced the demand for real estate in Puerto Vallarta. There are approximately 5 million visitors to Puerto Vallarta each year. Many will purchase residences, others will opt for hotel accommodations. Tahéima is well poised to take advantage of both scenarios.

Note: Tax Advantage - Your real estate taxes and the interest on your mortgage are deductible from your income tax.

2. Is financing available for my purchase of a Tahéima holiday residence?

Absolutely. Mexico does not have a mortgage market similar to that in the U.S and Canada; in fact, real estate purchases in Mexico are mostly cash transactions. However, Tahéima Wellness Resort & Spa is proud to offer loans to US, Canadian and European citizens through Laredo National Bank, a subsidiary of BBVA Bancomer. Terms and rates are competitive in comparison to second home rates in the US.

3. What is meant by deeded ownership?

This is an important consideration. There are many types of resort purchase plans to be wary of. When you purchase Tahéima you own the unit outright. That means you can sell it or leave it in your will, just as you would with regular residential property.

4. Can I expect decent rental income?

The condominium rental market in both Riviera Nayarit and Puerto Vallarta is consistently strong and growing. For example, Riviera Nayarit is currently part of a large scale promotion by the government state of Nayarit and the Mexican Tourist Board.

5. What guarantee do I have of income?

Tahéima Wellness Resort & Spa will operate as a luxury resort, which will generate rental income for owners. On the purchase of one-bedroom units, a yearly 7% rental income based on the purchase price is guaranteed for the first two years of operation. For example, on the purchase of a $200,000 unit, the rental income guaratee would be $14,000 per year for a total of $28,000. In the 3rd year, the rental profit will be split as follows: 70% for the unit owner and 30% for the hotel operator. After the 4th year, the rental profit will be shared equally between the unit owner and the hotel operator.

6. Will my property increase in value?

Historically this area of Mexico has seen up to double-digit increases due to demand from a well-defined demographic. Owners in the desired areas have seen a rise in property values of up to 20% a year.

7. What deposit is necessary to make a purchase at Tahéima?

With only $10,000 USD you can reserve your condominium and benefit from low pre-construction prices. Your reservation deposit will be fully refunded to you after 7 days if you decide not to purchase at Tahéima.

8. Is Tahéima part of the resort-to-resort (R2R) exchange program?

Yes. As soon as purchasers deposit a minimum of 10% of the purchase price of their condominium, owners at Tahéima can join the program. Since Tahéima is part of the pre-occupancy exchange program that allows owners to book a Resort to Resort™ vacation, they can book an exchange up to twelve months prior to taking possession of their resort home.

9. What makes the Vallarta area more desirable than other resort areas in Mexico?

While Los Cabos and Cancún seem to always be in the news as appealing Mexican destinations, Puerto Vallarta has been keeping a low profile. And while the spotlightʼs on them, it is actually Puerto Vallarta that has created this countryʼs largest resort real estate market - more Americans own homes in “PV” than in the other two cities combined! It offers mountains as well as ocean, more marinas and golf courses, the best dining of any Mexican resort; and, in terms of real estate, the Vallarta area offers more variety in the pricing, type and style of the real estate offered than either of the other destinations. Remarkably, real estate is much less expensive in Puerto Vallarta!

Probably the most active real estate market south of the American/Mexican border is in and around the famous tourist destination of Puerto Vallarta. In 2005 it was estimated that $400 million USD of resort real estate was sold, with most of that purchased by American second-home buyers. In 2006 this increased to $550 million USD.

Why Puerto Vallarta? Since the early ʻ60s Americans have been coming to Puerto Vallarta, not only for a holiday, but to stay in their vacation homes. And since those early years, the area has grown to where the American community is now more than 20,000 strong. Today, Puerto Vallarta is much more than just a sleepy little fishing village. Vallarta now encompasses a coastline of over 150 miles that includes many other small coastal towns, large residential resort developments, and spectacular beaches. While there are numerous reasons one should consider Puerto Vallarta for a primary or vacation home, listed below are some important ones:

Pricing: The market is definitely hot, but pricing is still seen as very reasonable, especially when compared to similar markets such as Los Cabos or Hawaii or along the California coast. Condominium prices start at around $150,000 USD and go up to nearly $1.5 million for luxury beachfront properties. Homes start at $250,000, which is the low end of the market, with the most popular price range between $500,000 to $1 million. Homes ranging between $1 million and $5 million are increasingly becoming more common.

Important considerations:

Stability: Mexicoʼs economy is strong, especially with recent high oil prices, as Mexico has one of the worldʼs largest oil reserves. This, along with a solid trade with its neighbors to the north and a robust tourism market, has helped sustain Mexicoʼs economic growth.

Restaurants: Puerto Vallarta has the finest restaurants in the country outside of Mexico City. And the large full- and part-time American population supplies a strong client base. Vallarta is famous both nationally and internationally for its exceptional culinary variety and quality. The townʼs prestigious gourmet festival in November draws epicures from around the globe.

Art & Galleries: The color and magic of Vallarta is a magnet for artists, allowing numerous galleries to prosper. The art from these galleries is featured in many Vallarta homes. During the high season popular art walks are held each week and usually followed by dinner out on the town.

Society: Whereas Acapulco is famous for its nightlife, Puerto Vallarta attracts people preferring to socialize over dinner at the many fine restaurants in town, relaxing afterwards at a lounge to enjoy latin jazz or classical music.

Golf: There are seven golf coursers with three more planned. Three are in the immediate Vallarta area, three in the central area of the bay shoreline, and two at its northern tip at Punta Mita. The three planned courses will all be located on the north shore of the bay. Last year Puerto Vallarta surpassed Los Cabos for the number of games played by visiting golfers, and Jack Nicklaus returned in 2006 to build yet another of his signature courses at Punta Mita.

Boating: There are three major marinas within the bay, with another in the building stage. Puerto Vallarta offers more dock space than any other destination in Mexico. The bay is wonderful for fishing and diving and good sailing winds are available all year round.

The People: If you were to ask Vallarta homeowners what the best reason is to choose this area, many would tell you itʼs because of the people. Vallartenses are happy and giving, which creates a wonderfully welcoming community atmosphere where foreigners and expats really feel like they belong.