Category Archives: Real Estate

Punta Mita experiencing rising tide of property purchases

NYT – In 2014, Cascade Investment, the private investment firm of Bill Gates, the Microsoft co-founder, bought 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 Puerto Vallarta.

“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.”

http://www.nytimes.com/2016/07/29/realestate/a-small-corner-of-mexico-is-experiencing-a-rising-tide-of-property-investment.html

Mega-development slated for Todos Santos

Counter Punch – Todos Santos on the Baja California peninsula is getting a mega-development called Tres Santos to build 4,472 homes over twenty-five years, leading to an estimated indirect population growth of more than 60,000 new residents, quite a leap for a town whose population in 2010 hovered just above 5,000.

http://www.counterpunch.org/2015/09/18/when-mindfulness-goes-wrong-a-mega-developments-deceptive-branding-in-mexico/