By Ronan McMahon
Yesterday, I told you about an opportunity that 12 members of our little group have to visit a five-star community on Mexico’s Riviera Maya. This is an all-expenses paid scouting trip to the stunning Tao project where I’ve negotiated special discounts for RETA members on condos and townhomes.
One of the most stunning areas on my beat is Tulum on the southern edge of Mexico’s Riviera Maya. Its white-sand beaches, ancient ruins, white-bottomed lagoons, nature preserves, caves and cenotes make it stand out. On Wednesday, I told you about a new deal I am currently researching in this area. It’s too early to say if this development will be our next big opportunity as I’m still scrutinizing the project. However, if Mexico’s Caribbean coast is on your radar, I have another prime opportunity for you.
Imagine sipping a cool drink while listening to the sound of Pacific waves crashing against the rocks below. The ocean views are jaw-dropping. It seems a shame to leave your sunny spot by the pool at all. But you promised yourself a swim in one of the five beaches on your doorstep…or maybe some horseback riding on the warm sands…and you’ll relax this evening with dinner in The New York Times-acclaimed gourmet restaurant, with friends and fellow expats…
I call Rancho Santana “frontier luxury.” Forbes magazine described it as “simply stunning.” But who knows how long it will stay frontier for? It’s only a matter of time before the world catches on…
As I told you last Wednesday, plans are well advanced for a new international airport 15 minutes away from this community. With only 390 lots tucked into 2,700 acres, this resort will always be stunning. Remember, it’s got five beaches, rocky points and rolling hills with 270 degree ocean views.
I’ve written to you before about the Rancho Santana community on Nicaragua’s stunning Pacific coast.
Last January, I told you about plans for a new international airport just 15 minutes away. I’m well connected on the ground in Nicaragua, and, at the Rancho Santana community in particular. You see, the developer is Pathfinder and International Living’s parent company. I’ve just heard some important news from one of my key contacts in the resort. Something you’ll want to pay attention to now.
It was great to meet so many members of our little group at International Living’s recent Fast Track Your Retirement Overseas conference in Las Vegas. I enjoyed catching up with members and shooting the breeze on my beat here at Real Estate Trend Alert. Some of you asked about how we can play the predicted surge in demand for food over the coming decades—and why I haven’t brought any opportunities to your attention. That’s why today I’m revisiting this topic. The investment case for food crops and the underlying land is straightforward: Demand is going up; supply has constraints like suitable land, availability of water and infrastructure to get crops to market.
Too many hotels were built during Ireland’s boom. Hoteliers borrowed too much. They built fancy spas, speculated on real estate and lost sight of their business. Now they are in a bind. As a reader of these alerts you will know that this crisis has created a buying opportunity. Today we can buy a hotel in Ireland from as little as $4,900 per room.
Ecuador has some of the best real estate values on my beat. An early-in opportunity in a community called Montecristi Golf Club & Villas recently crossed my desk. The deal grabbed my attention because of the strength of the group behind it. There’s good bang for your buck too with lots starting at $39,504. With trips to Spain, Malta, Thailand and Nicaragua in my diary from September to mid-November, my schedule has been too busy to visit yet. But I’m planning to check out this project as soon as my schedule permits.
Last week, I told you about the opportunity we have on Spain’s Costa del Sol. I also gave you a heads up about the imminent new release of fire sale inventory in the picturesque marina town of La Duquesa.
I’ve just got off the phone with my contact on the ground. Game on. Forty condos have just been released. I expect they will sell fast. Seven condos stand out. These are penthouse condos with pool views and some (limited) sea views. I expect these will sell out in a matter of days—maybe by the weekend. As I told you in last week’s newsletter, good inventory—at the right price—sells out fast in this area.
I delivered my special report from my scouting trip along Spain’s Costa del Sol to your inbox on Wednesday. I made some exciting discoveries on this trip including strong real estate opportunities in La Duquesa, The New Golden Mile and the little town of San Pedro de Alcántara. As with every scouting trip I take, I check out numerous properties in different areas but only a handful of deals meet my “buy” criteria.