First Luxury Wellness Retirement Choice In Latin America
This may be the best option for overseas retirement living I’ve ever seen.
And it comes with something else you should be in the market for right now: a guaranteed yield from rental income.
First, some background:
FONATUR, the Mexican tourism development agency, knows what it’s doing. For about three-and-a-half decades, it has been targeting particular stretches of Mexico‘s coasts, investing big in infrastructure and services to those regions, and then sitting back and watching as the investors and then the travelers descend.
The advantage for the investor and the property owner is that the private developer’s efforts are supported by the Mexican government. Buy what you see, I remind you often. And, when FONATUR gets involved in developing a region, you typically see fast and reliable progress on things like the paving of roads and the running of electrical lines.
Early this decade, FONATUR targeted, for a next project, the country’s Pacific coast from Puerto Vallarta 100 miles north to colonial San Blas, a region they dubbed the Riviera Nayarit.
This stretch of coastline is primo. If you like blue sea, white sand, and regular sunshine, really, you can’t ask for better. Plus, there are golf courses, archeological sites, spas, every water sport you could name (including swimming with dolphins and whales), colonial cities, Aztec history, deep-sea fishing, five-star restaurants, wine and cheese shops, trendy cafes, art galleries… The region’s transformation is well along.
This part of Mexico is safe, stable, and easily accessed from anywhere in the United States, Canada, even Europe. There are world-class hospitals and top-quality private bilingual schools.
There’s also a proven rental market. Nuevo Vallarta hotels regularly see 85% occupancy, and the demand for condo rentals in the region increased 300% from 2007 to 2008.
This is a location that checks all the right boxes: Beautiful beaches; great weather year-round; safe; affordable cost of living; easily accessible; 21st-century infrastructure (not only for roads and highways, but for Internet, telecommunications, etc., as well); lots to do; established and expanding expatriate community; top-notch medical care; and, again, a track record for rentals.
It’s easy to understand why so many expats, from North America and beyond, have sought out this part of Mexico for both part- and full-time escape.
But I predict that the best of Nayarit is just now coming online…in the form of Taheima, the first luxury wellness condo-hotel in Latin America. This is a development product whose time has arrived. And right now is your chance to buy pre-construction, for what amounts to the lowest per-square-meter cost in the region, while locking in (if you choose) two years of guaranteed rental yields of 7% per year. (You get free maintenance of your property during these two years, too.)
There are lots of private development communities throughout Mexico, offering golf, spas, fishing, etc. Taheima is different. It has been conceived as an alternative for the “new retiree”…the Baby Boomer who is looking for options outside the States and who is gearing up, during this phase of his life, for anything but retreating to the sidelines.
Taheima is for the would-be retiree who wants to be active and engaged, both physically and intellectually. The focus is on education and wellness, of body and of mind. All the usual conveniences and amenities are included. This is a condo-hotel, remember, so you get not only private development services, but hotel services, as well, including housekeeping, concierge, valet parking, bellboy, room service…
There’s a golf course (18 holes designed by Robert Von Hagge; owners have full access and get 50% off greens fees), a country club (you have full access here, too), a beach club, a racquet and sports center, four swimming pools, juice bars, and restaurants.
Plus (and here’s where things get different), there are also daily classes in yoga, painting, dancing, languages, sculpting, cooking…and wellness and nutrition classes and clinics with professional trainers.
Taheima is the project of Canadian development group Dynamis, with a long track record building residential and retirement communities in Canada, including senior-focused apartments. As they put it, they build for retirees who are not content with “sitting on the beach.”
Taheima is also a member of the WorldHotels group, which means that, as an owner, you have the opportunity to exchange your Taheima home for a stay in another luxury home in the WorldHotels network, which includes more than 155 properties in six countries. You can even arrange an exchange as much as 12 months in advance of taking possession of your Taheima property.
Specifically, at Taheima, you can choose from a junior suite, a one-bedroom apartment, a two-bedroom residence, or a three-bedroom penthouse. Every unit comes fully furnished and with full rental and property management services in place. You’d never have to touch up the paint or change a light bulb, if you didn’t want to.
You can finance your purchase (up to 70% loan to value). This isn’t a time-share. This is full titled ownership of a condominium in the most impressive overseas retirement community I’ve ever seen.
Full titled ownership of a condo that could pay for itself, over time, through rental income. To start, you can guarantee yourself two years of rental yields of 7% a year.
This makes sense from so many angles. This is an interesting investment opportunity of the kind that I believe you should be focused on in the current climate (it’s yield-producing in a proven market).
It’s an ideal second home in the sun if you’re looking for part-time escape to the beach. Riviera Nayarit beaches are among the world’s best. (Remember Night of the Iguana?)
And if you’re not, you could rent to someone else who is. I say again: Taheima qualifies as a top option for the 70-million Baby Boomers set to retire over the next 10 years.
Your ownership comes with the international home-exchange option through WorldHotels. You could swap your place for a stay in another great place in another exotic location each year if you wanted.
Plus,Taheima caters to the fast-growing wellness market, augmenting the rental potential.
Finally, and perhaps most important, Taheima could be the ideal place for you to think about basing your new life in retirement overseas. The property comes with everything the would-be retiree could ever ask for.
Buy today and rent until you’re ready to take up residence yourself.
Prices start at US$169,000.
Find out more here.
“Kathleen, I bought your book the other day on Panama. I am a 42-year-old gal who has raised her kiddos. I am single and have been successful as a home-builder here in the States. I’m now doing home staging in a ski resort in Colorado.
“I am coming to Panama for a month in June to check it out. I was wondering if you know if there are any home stagers in Panama? Trying to figure out a job to do there.
“Thanks for your book, as it was very informative.”
— Holly B., United States
I don’t know any. Certainly, home staging isn’t a competitive industry here. I’d say you might make a go of it, though, as the sales climate in Panama City (where you’d find your market) has cooled considerably in recent months. Owners just might be willing to invest in a little professional counsel to help them make their two-bedroom tower condo stand out from all the other two-bedroom tower condos also on the market right now.
“Nice spin on answering the concerns regarding Panama. Having been there now, I’d say the reader made some excellent points. And I noticed you didn’t mention anything regarding the crime. This from one who’s seen it first-hand, if you know what I mean.”
— Hank B., United States
No place is 100% crime-free.
That said, in all my years of moving around the world, I’ve had trouble in two places–Baltimore City, Maryland, in the States, where I spent the first 34 years of my life (and where I was mugged twice, my family’s home was broken into and robbed twice, and people were shot and killed on the street by the rate of one per day, on average)…and Limon, Costa Rica (where my rental car was broken into and my backpack stolen).
Is Panama unsafe? I don’t think so. Is there crime in Panama City? Yes, of course. It’s a fast-developing city with some very poor barrios. Best thing is to avoid them.
We wandered into one the other day without realizing it. We were strolling around Casco Viejo, took a turn we’d never taken before, and, suddenly found ourselves in a neighborhood where we probably shouldn’t have been.
We walked to the nearest street corner to try to hail a taxi, figuring that a quick escape by cab would be the smart move, as we had young Jackson in tow.
As we stood on the corner, a Panamanian woman walked by. She continued for half-a-block, then doubled back.
“What are you doing here?” she asked me in Spanish.
“You shouldn’t be here. Keep your son with you. And hold on to your purse.
“Are you trying to get a taxi?” she continued.
“Yes,” I replied.
She walked out into the street to help wave one over. When one pulled up, she leaned in the front window to speak to the driver, urging him not to dawdle, I guess.
Friends were mugged in Casco Viejo last summer, and I’ve heard of other, similar incidents.
Yet I’ve never felt unsafe here. I’m careful. I pay attention to my surroundings. When I end up somewhere I think I shouldn’t be, like the other afternoon, I move on quickly.
Bottom line, I feel much more comfortable walking the streets of Panama City, alone or with Jackson, than I do walking around downtown Baltimore City when I’m home for visits.