The Riviera Nayarit is considered the most important Mexican luxury destination of the country for its hotel and tourist growth and the value of its residential seaside offer on the Pacific coast, which stretches from San Blas to the Bay of Banderas, offering one of the most impressive landscapes in Mexico for its beaches and its berries.
Now, the luxury real estate industry is seen as a great option for investing and earning significant profits through flows and capital gains, according to Knight Frank; In its “Wealth Report 2021”, the company pointed out that 23% of average asset allocation in investment portfolios they concentrated on private real estate, 20% on offices and 9% on retail.
Faced with rising inflation, global investors are getting an opportunity from the luxury and ultra-luxury real estate market to secure their assets. In addition to the key elements that give real estate value such as location, available infrastructure and purchasing power in the region, support for major hotel brands for administration and services offered in these properties is an even more attractive multiple for owners.
An example of this is the pre-launch sale of Villa 38 by One&Only Mandarina Private Homes, located within the Mandarina complex, which demonstrates the immense value of the luxury and ultra-luxury real estate market, whose sale price has beaten records being the highest in history for a residence in Riviera Nayarit.
The property has worth 17 million 528 thousand 506 dollars and was purchased by a Boston partner with a private equity fund, who saw value in both the site’s location and its natural beauty. The previous record dates from 2019 and was a residential sale for 16 million 700 thousand dollars at Punta Mita Resort.
“Investors and buyers consider Riviera Nayarit and places like Mandarina, are a majestic destination, and their expectations are that it will continue to increase appetite for the region as it is becoming known, they also trust the business model, management, support and experience” of companies such as RLH Properties, commented Borja Escalada, CEO of this last.
Riviera Nayarit’s luxury and ultra-luxury real estate boom continues with a growing wave of investment. In July 2022 alone, seven homes were sold for over $10 million in Riviera Nayarit, and more are in serious negotiations.
Two of this year’s luxury sales took place at One&Only Mandarina Private Homes.