Below are some of the most common questions we receive from potential property buyers in Jalisco and Nayarit. Question: What is the federal maritime zone? I just bought my home in front of the beach. Can anyone build in front of me? Answer: All beaches are public in Mexico. Beaches belong to the Mexican government for the use and enjoyment of all. No one can buy the maritime zone. The adjoining landowner to the maritime zone should pay the annual taxes on this adjacent land and should work to acquire the concession agreement to this area. Paying the annual small amount of tax for the concession in front of your land only gives you the first right to proceed with the concession agreement.
We are coming out of our best year for volume of sales transactions since 2008. The most popular properties are new condo projects throughout the Bay. The location of the majority of these sales has been inside Puerto Vallarta in the Old Town Romantic Zone and the South Shore. We are seeing buyers also looking for homes in higher price ranges than times past. Up until this point, we had seen increases in luxury rentals in place of large demand for purchase of luxury villas.
IMF (International Monetary Fund) 2018 Outlook: The Mexican economy continues to grow, mainly due to its strong economic policies, even while the fate of the country’s trade deal with North America remains unclear. Mexico would still benefit from carrying out reforms for stronger and more inclusive growth. The main areas to tackle are inequality, corruption, obstacles holding back firms’ productivity, and tax collection to allow more room for public investment.
2017 Annual Sales Reported from Flex MLS by AMPI members (National Association of Real Estate: Nayarit & Puerto Vallarta). Total active listing price of condos, houses, land, commercial, business, fractional, and multi-family in the Flex MLS for Year 2017 was $770,130,944 usd. This is from 1,389 active listings in the zones of Puerto Vallarta, Riviera Nayarit, and Sierra Madre Jalisco. The average listed price of these properties was $554,450 usd.