Vivo Resorts offers owners an affordable alternative to recreational property ownership and investment.
Calgary, AB. The desire for recreational property and investment in Western Canada is booming with over 25 percent of Canadians considering a property purchase in the near future*. However, new anti-speculation taxes for select Canadian markets have recently been put in place. As a result, tropical and beachfront destinations may be more appealing.
Albertan owned and operated Vivo Resorts in Puerto Escondido, Mexico is one such location. The luxurious gated community provides Canadians with affordable, low-tax luxury resort property ownership options and proves to be a winner with 75% of owners being Canadian.
Speculation Taxes could cost secondary homeowners thousands in additional annual expenses. For example, a home valued at $500,000 could cost an additional $5,000 in taxes per year, beyond the already rising existing property taxes.
Currently, no such annual Speculation Tax exists for Vivo Resorts properties. Closing costs and yearly property taxes are also much lower (taxes are hundreds per year instead of thousands in North America, and closing costs are typically less than $7,500 compared to tens of thousands in North America).
Also, unlike many North American resort properties, it is possible to purchase a Vivo Resorts home for considerably less than $500,000. This amounts to significant one-time as well as annual savings for Vivo homeowners.
Photo caption: The daily view from a Vivo Resorts condo
Photo supplied: Vivo Resorts
“Puerto Escondido is the perfect holiday destination with sunny temperatures that rarely change more than 3 degrees year-round, beautiful coastlines and beaches and access to the best authentic Oaxacan living,” says Cary Mullen, Vivo Resorts founder, Canadian Olympian, author and visionary. “I spent a lot of time researching and visiting over 30 destinations to find the perfect place for our community and chose our location at Puerto Escondido due to 44 contributing factors that made it an amazing place to be and beneficial for our homeowners and investors”.
Puerto Escondido is an emerging region for property development within a mostly untouched area of Mexico renowned for its coastal lifestyle and unique cuisine. The gated community of Vivo Resorts offers the best of beachfront living, including world-class surfing, sports fishing, and diving opportunities in the area. The resort itself includes stand-out amenities such as a new $7 million clubhouse, infinity pools, luxury spa, fine dining restaurants and bars.
As an investment opportunity for buyers looking to acquire sought-after oceanfront properties, Vivo Resorts offers a managed rental program that has seen returns increase year-over-year. In the 2018 RE/MAX recreational property omnibus survey, 55 percent of respondents stated that their main deciding factor for a vacation home was waterfront access*. This was second only to affordable pricing (64 percent). Both of these factors are available through Vivo Resorts.
“Puerto Escondido in Oaxaca is becoming a destination of choice for both tourists and developers looking for new properties. Steadily rising air passenger volumes and significant, new highway developments mean properties in this region will become more and more appealing, and more and more sought-after. More people are already discovering the magic and charm of this sunny ocean paradise,” said Mullen.
The population of Puerto Escondido is anticipated to grow by 50% over the next ten years. Similarly, an estimated $50 billion in planned and scheduled infrastructure upgrades will be invested in this growing region. Both of these factors will support the growth of new property development in the Oaxaca region.
We invite owners and investors to say goodbye to high-tax recreational property ownership, and hola to the lower-tax option of owning a resort property in beautiful sun-soaked Mexico!
About Vivo Resorts www.vivoresorts.com
Vivo Resorts is a US$ 200 million gated community of luxury condominiums and private homes located 10 minutes from downtown Puerto Escondido, Mexico. Founded by two-time Olympian, World Cup champion downhill skier and visionary developer, Cary Mullen, Puerto Escondido was chosen from 30 different destinations for its sandy beaches, year-round warm weather and world-class recreational activities such as surfing. Occupying 75 acres of beachfront on the southern tip of the Emerald Coast of Oaxaca, Vivo Resorts includes 800 yards of frontage on Palmarito Beach and offers ocean views from every suite.