Vacation Housing Market in Mazatlan, Sinaloa, Mexico

Mazatlan >> Vacation Housing Market in Mazatlan Sinaloa

By: Rodrigo Valenzuela, Softec at Ventana Magazine Mazatlan is one of the most important cities in the state of Sinaloa due to its population, tourist life, industry, and urban infrastructure.Tourism in Mazatlan is growing. According to data from Sectur (The Secretary of Tourism), average occupancy of 5-star hotels increased roughly 20% since 2005 to an average of 69% per hotel in 2007. In addition, the inflow of tourists by air has shown positive growth: 438,000 passengers arrived in the Mazatlan airport in 2007, whereas in 2006 there were 395,000, and in 2005, 389,000 - a rise of roughly 12% from 2005 to 2007.               The second home or vacation housing market in Mazatlan has grown significantly over the last four years. For example, from 2005 to 2008, sales of condominiums valued over $100,000 went from 340,000 to 480,000 units, an increment of 40% in 4 years. Currently, there are 26 active real estate projects in Mazatlan offering new condos over $100,000. These projects are distributed in 4 main areas of the city:              1.-Sabalo Cerritos.Sabalo Cerritos is a new area of Mazatlan, triggered only 5 years ago; it is on the north coast of the city and has a wide and beautiful beach where most of the condo projects are located. In May 2009, the Riu Emerald Bay Hotel will open its doors and offer over 700 rooms, which will contribute to the consolidation of this area.             2.-Marina. This area, known as “The New Mazatlan,” has new shopping centers under construction, the Mazatlan Convention Center, and a new golf course. Many developments here offer private piers for the residents to dock their yachts and boats.             3.-Zona Dorada (Gold Zone). This is the most important resort area in the city, where the famous hotels of the El Cid chain and its golf course are located. Here, one can find most stores, restaurants, and bars in Mazatlan, making it a favorite spot among tourists.             4.-Malecon Centro (Downtown Seafront). This is the oldest part of Mazatlan, where the city center and the famous seafront are located. Its picturesque city center and lovely vistas make it one of the most attractive parts of the city. Even though there are few real estate projects in the area targeting second-home and vacation housing, they have great acceptance due to their lovely views and outstanding location.             Mazatlan is one of the most desirable locations to buy a second home in Mexico. There are low prices, lovely beaches, great weather, tranquility, security, entertainment, and advanced medical services.   * This document was prepared by SOFTEC with proprietary data. This information is obtained in a quarterly base in the 36 most important cities of Mexico. For any questions, comments and / or clarification, please contact via mail to:estudiosdemercado@softec.com.mx  www.tibesarealty.com.mx

Mazatlan Mexico Condominium Outlook About

Destinations >> Mazatlan >> Mazatlan's condominium outlook about Mazatlan

By: Patrick Hobson at Ventana Magazine   Despite the global financial crisis, Mazatlan is enjoying an astonishing rebirth. The city has been featured in stories in the LA Times, The Chicago Tribune, and The San Francisco Chronicle following recent accolades from the likes of none other than CNN Money and International Living. Quite impressively, Mazatlan was even listed as destination #24 in the New York Times article “53 Places to Go in 2008.” The world seems to have discovered what resident Mazatlecos and frequent visitors have known all along, and now the city is rated as one of Mexico’s -if not the world’s- best up-and-coming retirement destinations.              Unlike Cabo San Lucas, Mazatlan doesn’t endeavor to be the latest fashionable haunt for the trendiest of the Hollywood set, their followers and wannabes, and it does not have the glitzy nightlife of Cancun. Many find Mazatlan to be charming and attractive since it has never been a place for airs and pretensions. Six-thousand Americans and Canadians have already established legal residency and call the “Pearl of the Pacific” home full-time, not to mention the thousands of snowbirds who winter there.                Rather than focus on Mazatlan’s many natural attributes -pleasant semi-tropical climate, the city’s relaxed rhythm of life, its gastronomic and cultural activities, and recreational possibilities- why not state the obvious? Anywhere you can buy a waterfront condominium for $350,000 works for a lot of people.              A number of condominium developments were announced to the press in 2008, the most noteworthy a collection of ambitious, large-scale projects vying for the attention of those seeking either an exceptional beachfront vacation home, or investment-grade property. Not surprisingly, two of these imposing projects are from well-known local developers, Pronova and Costa Bonita Resorts.             In April 2008, three months ahead of schedule, Pronova, Conexpo’s (The Mexican Chamber of the Construction Industry) 2008 Mazatlan Developer of the Year, unveiled the company’s largest and most sophisticated condominium project, Las Gavias Grand Resort Residences. The sweeping project was designed by a world-class architect with other notable clients including Four Seasons and Ritz Carlton, and boasts 230 condominiums in three, impressive integrated towers. Pronova is also wrapping up construction of a sixth project, Las Gavias Golden Shores (83 condominiums), with deliveries initiated in February 2009.              Costa Bonita Resorts, Mazatlan’s other pioneering condominium developer, started construction on a second phase of Quintas del Mar (102 condominiums) in 2008. The construction will compliment the original phase of Quintas (92 condominiums), a project the company acquired and renovated on Cerritos Beach from 2003-2006.   The company is also going forward its Marina Costa Bonita project (136 condominiums), which is tucked in its own harbor cove in extensive Marina Mazatlan.             Three other large-scale projects were also announced in 2008 – one a debut offering by local businessman Gabriel Garcia, the second by the Middle East development conglomerate W Abu Dhabi United Group, and the third by veteran Mexican developer Felipe Tome Sr. Garcia’s Escondido Towers (208 condominiums), a bold three-tower project designed by local favorite-son architect Fernando Molins, was presented to the public in May 2008. The W Abu Dhabi United Group, the investment arm of the Abu Dhabi royal family from the second most populous city in the United Arab Emirates (UAE) has now broken ground on Hydra Waves (172 condominiums) just north of the Golden Zone, and Tome’s Peninsula Nuevo Mazatlan (392 condominiums) is located on a site on the northern reaches of Cerritos Beach.             Michael Lee, President of Three Islands Real Estate, has conducted a study of the Mazatlan marketplace. According to Mr. Lee, since the year 2000, there have been nearly 3,800 residential condominiums either completed and delivered, under construction, or proposed to city planning, with over 1,300 all ready delivered. For comparison purposes, the overall number of condominiums represented is less than 20% of that of nearby Puerto/Nuevo Vallarta. With substantial pre-sale numbers regularly posted by the major developers, the new inventory of properties in Mazatlan is currently being purchased at a steady and sustainable rate.    As of 2000: Completed – 1,223 Units   Under Construction – 1,453 Units Proposed – 1,116 Units    Below are some of the projects filling the skyline and collectively creating the changing face of Mazatlan: Developer Name Project Name No. of Units Project Status Year Pronova Development Las Gavias 100 Completed 2004   Golden Shores 83 In Construction 2009   Las Gavias Grand 230 In Construction 2010   Miramar 34 Completed 2000 Costa Bonita Resorts Costa Bonita 140 Completed 2003   Paraiso I 86 Completed 2007   Paraiso II 100 In Construction 2007   Marina C. Bonita 136 In Construction 2010   Quintas del Mar I 92 Completed 2005   Quintas del Mar II 102 In Construction 2009 Club Acquisition Company Estrella del Mar 148 Completed 2009 Marina Mazatlan Puesta del Sol 61 Completed 2005   Costa Veleros 144 Completed 2007   Crowne Plaza 79 In Construction 2009 Impulsa Tenerife 46 Completed 2007   Horizon 43 In Construction 2009   Marina Gar. Villas 52 In Construction 2010 Oceanside Developers Tiara Sands 59 In Construction 2009   Ocean Palms 46 Completed 2007   Legacy 190 Proposed 2011 Turistica Mazatlan Torre Dorada 9 Completed 2005   Tower 360 28 Completed 2008   Developer Name Project Name No. of Units Project Status Year Novospacio Residencial Carnaval 32 Completed 2008 Luis Medina La Ventana 43 Completed 2007 Donald Williams Paradise Bay 69 Completed 2007 Grupo Desarollos Atlantis Portofino 91 Completed 2007 Ing. Hernandez Torre Azul 14 Completed 2008 Juan Manuel Sanchez Vistas de la Marina 40 Completed 2008 Pelayo Family Solaria Tower 61 In Construction 2009 Bienes y Servicios La Joyita Punta Marina 20 In Construction 2009 Portus Mazatlan Serena Marina 54 In Construction 2009 Gabriel Garcia Escondido Tower 208 In Construction 2010 Felipe Tomme/ lemmus Peninsula 420 In Construction 2010 Jose Carlos Palacios Pacifika 98 In Construction 2009 Hector Pastor Cruz Puerto Viejo Skies 38 In Construction 2009 Sol Amigo Group Vue 1200 12 In Construction 2008   Vue Cent. Historico 48 Proposed 2010 W. Abu Dhabi Group Hydra Waves 172 In Construction 2010 Covi Torrenza 188 Proposed 2011 Douglas Austin La Perla 80 Proposed   Private Investor San Gabriel 48 Proposed   Private Investor/ Kapa Bahia 48 Proposed

Despite The Global Finanacial Crisis, Mazatlan Enjoying an Astonishing Rebirth, Mexico Number one Country to Retirement

Destinations >> Mexico >> Mazatlan

Mazatlan, known as the Pearl of the Pacific, is a commercial, fishing and tourist port. Located in the southern region of the state of Sinaloa, it has beautiful beaches, a colonial city center and nearby mountains. The port offers ferry service to the state of Baja California Sur. It is also a stopover point for major cruise lines, including Carnival, Norwegian and Princess, as many ships continue on to the Mexican Riviera, or other ports in western Mexico and the United States. For visitors, Mazatlan offers long beaches of fine sand, the second tallest lighthouse (135 meters) in the world on the Cerro del Creston and one of the most festive carnivals in Mexico. You can also do some sportfishing on the high sea.

Mazatlan Sponsor Mazatlan Video Mazatlan Map    View Mazatlan in a larger map Mazatlan Mexico - Facts and History The History of Mazatlan Mexico Mazatlan is actually a Nahuatl word which means place of the deer. This city was first established in 1531, but  homes for sale in Mazatlan Mexico didn’t start popping up until the mid 1800´s when a large group of German immigrants arrived. These were the people that laid the foundation of the now important commercial seaport that Mazatlan is.  After this important event in the history of Mazatlan, other important developments happened to this city. In 1859 the city was named the capital of Sinaloa and remained the capital until 1873.  In 1900 the Pacifico brewery was also established in this wonderful port. MORE Find more information, personal testimonials, and facts about Mazatlan in our Blogs Mazatlan > Sun, Sand and Culture By Sinaloa’s Ministry of Tourism in Ventana Magazine Come and pamper yourself in Mazatlan, one of the leading beach resorts in the Mexican Riviera. Some of the city’s marvels include one of the most beautiful historical centers in Mexico and a major international cruise ship terminal.   The port also holds one of the world’s top carnivals where residents and visitors celebrate life listening to the rhythms of the “Tambora Sinaloense” - the lively regional music band. > MORE.. The Pearl of the Pacific about Mazatlan By: Patrick Hobson at Ventana Magazine   For the second consecutive year, International Living has rated Mexico as “The number one country in the world for retirement” using a “Global Retirement Index.” The key criteria utilized to rank a destination’s attractiveness for retirement include: the availability of affordable housing, a warm sunny climate, a reasonable cost of living with low taxes, economical health care with quality hospitals, and recreational and cultural activities that enhance the overall quality of life. Employing the index, it rated land-locked Merida on the Yucatan peninsula as the World’s best retirement destination; stating that one could “live like royalty for $ 2,135 per month”.     Golfing at the Port of Mazatlan By: Chuck Kinder at Ventana Magazine   Mazatlan is at the northern tip of the Mexican Riviera, in the state of Sinaloa. At one time, while many other areas in Mexico grew and prospered, Mazatlan had only a limited number of developments and branded hotels. The city has awakened from a period of a standstill or neutral tourism growth. Downtown has seen a renaissance of some sort with the restoration of its colonial buildings and historic sites. A sense of a golf destination is emerging once again, giving the golfer more courses to choose from in this seaside village area. Vacation Housing Market in Mazatlan Sinaloa By: Rodrigo Valenzuela, Softec at Ventana Magazine Mazatlan is one of the most important cities in the state of Sinaloa due to its population, tourist life, industry, and urban infrastructure.Tourism in Mazatlan is growing. According to data from Sectur (The Secretary of Tourism), average occupancy of 5-star hotels increased roughly 20% since 2005 to an average of 69% per hotel in 2007. In addition, the inflow of tourists by air has shown positive growth: 438,000 passengers arrived in the Mazatlan airport in 2007, whereas in 2006 there were 395,000, and in 2005, 389,000 - a rise of roughly 12% from 2005 to 2007. Mazatlan's condominium outlook about Mazatlan By: Patrick Hobson at Ventana Magazine   Despite the global financial crisis, Mazatlan is enjoying an astonishing rebirth. The city has been featured in stories in the LA Times, The Chicago Tribune, and The San Francisco Chronicle following recent accolades from the likes of none other than CNN Money and International Living. Quite impressively, Mazatlan was even listed as destination #24 in the New York Times article “53 Places to Go in 2008.” The world seems to have discovered what resident Mazatlecos and frequent visitors have known all along, and now the city is rated as one of Mexico’s -if not the world’s- best up-and-coming retirement destin ations. www.tibesarealty.com.mx