Real Estate on the Bay

The holidays are upon us as Semana Santa holidays mark the end of the high season around the bay. What this actually means is that most of the expats and Canadians that come to visit from October to April / May are, or have already departed. It is definitely more noticeable around the North end of the Banderas Bay, as where the Puerto Vallarta and Old Town areas bring more tourism and business during the spring. With this said, during the holidays the entire bay area and on the coast of the Riviera Nayarit attracts hundreds of thousands of Nationals who are coming to spend their summer breaks and holiday vacations on the playa. Easter is on April 1 this year. ¿Estás listo? (Are you ready?) Also a note, Mexico time change is also on April 1 this year; time to spring forward one hour.

As new developments continue to build throughout the summer, their completion will be bringing in thousands of visitors creating more income opportunities for the locals, and not only during the high season.

These new structures are also creating avenues for new investments. Right now, folks that are now looking for rentals for next year are generally out of luck! If you’re looking for an investment opportunity, now is the time to purchase a condominium. These new buildings are pre-sale and all are selling out quickly in Puerto Vallarta and on the north end of the bay as well.

LOS MUERTOS 46 SIGNATURE SERIES RESIDENCES UPDATE

Yes, you read correctly! Los Muertos 46 is building additional levels and units going from the initial thirty-two to forty-six, creating one grand penthouse on the top floor, with two Sky Penthouses below, and a one bedroom penthouse and two jr. penthouses below … All so spacious! The new plans include large unique floor plans, also offering extra large patio areas for outdoor living; all units with the best view that Olas Atlas/ Old Town offers. All of the Engineer Testing results have come back clean and the project is a go. What was once known as the “eyesore of Old Town” is now going to be one of the most attractive and appealing structures in all of Olas Atlas.

April 1 is also the day construction will commence with the delivery date estimated in December 2018/ January2019 for the first phase of buyers April 1st also marks the beginning of construction for the lobby, pool deck and onsite showroom and additional commercial space, with an estimated opening in October 2018 with stores and restaurants.

I spoke with Sheryl Novak, SOLutions Mexico Owner and President about the upcoming ‘Onsite Showroom.’ She shared her plans with me. “At Los Muertos 46, we will be unveiling our first white glove “pop-up location” in Mexico. This pop-up location will showcase the furniture available in our custom package for Los Muertos as well as additional pieces. It will be staffed by our in house decorator who will provide personalized service and also handle any upgrades the new owners want.”

Who is ready for a HARD HAT TOUR?