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

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