Property News

Jeff ArmstrongAugust 18, 2016
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7min7

When we think about Mexico, we usually imagine white sand beaches, margaritas and a fun-filled vacation in the sun. But what if you are done with imagining yourself in Mexico on vacation that always ends too soon, and decide to make it your permanent reality – your home?

 

 

It is estimated that around 1 million American citizens live in Mexico, and the number keeps increasing every year. The Riviera Maya, a region on the Mexican Caribbean coast, has been especially popular among retirees and families. Each family has different reasons to move to Mexico, but those who move to the Riviera Maya, and especially Tulum, often do so to run away from their daily stress and to immerse themselves in the relaxing, easy-going atmosphere of the Caribbean. Many also choose Tulum because it offers the fastest-growing real estate market in the world.

Here is some basic advice to everyone who is planning to relocate to Mexico.

  1. Buying property in Mexico as a foreigner

There are simple procedures that all foreigners have to follow when they buy property in Mexico, especially in the coastal regions. A foreigner buying land in Mexico within 32 miles (50 km) from the coastline has to use a bank trust (fideicomiso) or establish a Mexican corporation to complete the purchase.  You can choose your bank – HSBC, Scotia bank, Banamex (Citigroup), etc – that will act as your trustee, with you maintaining full control over the trust: you will be able to lease, sell or pass the property on to your heirs. Make sure you choose a trustworthy local real estate agency that will take care of all the steps of buying your property.

  1. Becoming a resident in Mexico

If you are coming to Mexico as a tourist, you don¹t need any visa – you will simply get entry permit as a visitor at the border, usually for 180 days, with no permission to work. In order to apply for Mexican residency, you must do so before going to Mexico at the Mexican embassy or consulate.

Temporary resident visa is issued for up to 4 years, and is meant for those who wish to spend more than 180 days in Mexico per year – it¹s perfect if you own a second home in Mexico. You would need to show monthly income of at least $1,553 per person and at least $520 per month per dependent. You can also get temporary resident¹s visa by showing a bank statement with a balance of about $25,880. There is also a way to get your temporary status by proving you own property in Mexico that has the value of $207,046 or more. When temporary residence card expires, you have to either leave the country or apply for permanent residency.

If you decide you are moving to Mexico permanently, you can apply for permanent residency immediately. The process will be similar as applying for temporary status, but you will have to show higher levels of income: investments with approximate monthly balance of around $103,523 over 12 months or monthly income of $2,588 per person over 6 months.

 

  1. Cost of living

 

The cost of living in Tulum and the Riviera Maya depends strictly on your lifestyle. For example, the cost of renting a property on the beach can be a few times higher than a few blocks inland, while still being a few minutes away from the beach. Also, Tulum is full of expensive gourmet restaurants – but also has plentiful local markets that are very affordable. So it¹s completely a choice of each family how to spend their budget. Similarly, you can spend $2,000 for a fancy penthouse condo in Playa del Carmen or $500 for a lovely one-bedroom in Tulum. Utilities – not cheap in Mexico – would come down to about $300 per month, groceries would cost around $400, and a maid would come down to about $60 (once per week). Thus it¹s safe to say that $2,000 budget per couple per month would be sufficient to lead a comfortable life in Tulum

 

  1. Safety

Is Mexico safe? That¹s a thought that often crosses the mind of many would-be retirees in Mexico. Mexico, in fact, is considered to be one of the best countries for expats in the world. InterNations, which is a popular expat website, named Mexico as a top place to move to because of quality of life, ease of settling in, work opportunities, family life, personal finance and general satisfaction with life. Certainly, every foreigner in Mexico should exercise common sense and caution, as anywhere in the world. Touristy regions as the Riviera Maya are completely safe, but such violent states as Guerrero, that includes Acapulco, the once-glamorous beach town, are not recommended at all.

  1. Healthcare

Mexico offers great and affordable universal healthcare, and its private healthcare is amongst the most affordable in the Western hemisphere. Locally, there are a few smaller hospitals in Tulum and modern healthcare centers in Playa del Carmen and Cancun.

 


Jeff ArmstrongJune 9, 2016
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3min11

With everyone consistently on a tight schedule, it’s often a challenge to plan a luxury holiday especially when you want the best money has to offer. Location is key and access to a range of destinations is happiness! Where do you find the time to get the perfect home away from home?  Introducing.. The Hideaways Club, an alternative form of foreign home ownership, which allows members to invest in, and holiday in, a collection of luxury homes in fantastic locations across the globe.

The Hideaways Club is designed for those looking to invest in a second home, but who want the flexibility of travelling to different locations, rather than being restricted to holidays in the same place every year and who don’t want the hassle of maintaining a foreign property.The properties are all hand-picked for their outstanding location and access to great holiday activities and are all worth more than £1.2 million.

Investing in the Hideaway Club makes sense and you will be good company. Tim Henman is a member of the Club. The global portfolio now consists of  Villas in France, Italy (including Sardinia), Morocco, Portugal, Spain, Turkey, Croatia, Mauritius, South Africa and South East Asia as well as Ski Chalets in France, Switzerland and Japan.

There is also a concierge service for consumer that require the additional touch. So, if you have ever considered second home ownership, but want to have the flexibility to literally pay once for the price of several home options worldwide. Then the Hideaways Club is certainly the perfect choice.

For more information. Go to: http://www.thehideawaysclub.com


Jeff ArmstrongJanuary 25, 2014
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2min2

Dominvs Hospitality has been granted planning permission by Manchester City Council for a 306-bed hotel on Aytoun Street in Manchester City Centre.

The hotel will be developed on the derelict employment exchange in Piccadilly, between Aytoun Street and the Rochdale Canal, adjacent to the Malmaison Hotel and opposite the Hilton DoubleTree.

The site is situated within close proximity of the Manchester Piccadilly rail station and is one of the city council’s longest standing priority sites still remaining to be developed.

 

McAleer & Rushe has been nominated as main contractor on the 165,000 sq. ft. new scheme which has been designed by Urban Innovations. The new hotel will offer four-star accommodation over eight storeys including a ground floor comprising a bar, restaurants, gym and extensive conference and banqueting facilities.

“We are very much looking forward to working with our design and build team to create a stylish new hotel for Manchester on this site which occupies a prime position and complements the highly successful 250,000 sq. ft. mixed-use Piccadilly Regeneration Project” says Preet Ahluwalia, Director of Dominvs Hospitality.

Martin Magee McAleer & Rushe Construction Director said: “This site which was vacant for nearly 20 years and was in desperate need of regeneration. Work will begin on-site imminently as there already has been a lot of detailed early-stage design input which will ensure best practice and best value construction, which leads to optimum efficiency in operation thereafter.”

The Manchester project will expand Dominvs Hospitality’s future room count in excess of 1200 rooms for its operational hotels and proposed developments.


Lucy ColemanOctober 16, 2013
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2min2

For the first time in a 100 years, 28 artist studios in the exclusive Bolton Conservation Area in Chelsea, London  are available for sale.

Discreetly nestled between the expansive crescents of Gilston and Redcliffe Roads, SW10, the quiet, tree-lined enclave of Bolton Studios is among one of London most prestigious residential addresses. Built in the late 19th century, the artists studios have been carefully renovated into double height, galleried, one and two bedroom apartments. The studios have been developed by the  Realstar group in collaboration with Grantham, who have overseen all design aspects of Bolton Studios in order to maximise natural light, living and storage space. Amenities include a concierge service and there are secluded communal gardens, only accessible to Boltons homeowners.

Ed Lewis, Savills head of London Residential Development Sales, who is marketing the properties says:  ‘’The Bolton Studios are a relic from Chelsea’s artistic past that are being transformed into Chelsea’s future.  Owners will be able to enjoy living in one of London’s most valuable residential areas of London in a loft style space that will be the envy of their contemporaries.”

Ryan Prince, Realstar Group, says:  “We feel fortunate and excited to bring these historic artist studios into the 21st century.  We’ve strived to create a living environment which is both contemporary and highly functional.  Although you’re only a stone’s throw from the ‘hustle and bustle’ of the Fulham Road, the gardens of Gilston Road provide an absolute sense of peace and quiet.”

Bolton Studios available from £1.265 million, available through Savills


Jeff ArmstrongApril 26, 2013
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7min2

 A Weymouth-based Holiday Group, which includes Waterside Holiday Park & Spa, Chesil Vista Holiday Park and Osmington Holiday Park, has introduced a number of new caravan and luxury lodge models at its three parks ready for the 2013 holiday season. The new accommodation gives the opportunity for more holiday goers the chance to soak up the Dorset sun, in one of the most sought-after locations in the United Kingdom, for up to ten and a half months of the year. 

At Chesil Vista Holiday Park, the new show lodges, available for viewings from April, are designed by leading manufacturer Prestige and are state-of-the-art holiday homes. There are two models – the flagship ‘Matrix’, offering over 800sq ft. of interior space designed in a style that gives a feeling of spacious, modern loft living. The other a ‘Sky Deck’ possesses a perfect feature of a roof terrace accessed by a spiral staircase, making the most of the spectacular views. These fantastic lodges start from £189,950. Chesil Vista Holiday Park also has a range of caravan holiday homes available on site which includes the ever popular BK Sheraton, featuring double glazing, central heating, panoramic window, en-suite and walk-in-wardrobe. Prices for brand new caravan holiday homes start from £34,250 with pre-owned models also available. 

At Osmington Holiday Park, March saw the launch of two spectacular new show lodges located on its Smuggler’s View development which have already sold, plus another three new lodge bases arrive in another section of the park in the same style as Smuggler’s View. The lodges here are cedar-clad and all have more spacious than usual plots with great views, set alongside a stream. As at Chesil Vista Holiday Park, these lodges are designed by Prestige and Wessex, and are state-of-the-art. They also offer the ‘Enhance Pack’, so buyers can personally specify their requirements to suit them. These lodges start from £199,950.

Celebrating its 50th anniversary this year with the addition of an American style sports bar, two-storey soft play area and coffee shop,Waterside Holiday Park & Spa has a wide range of caravan holiday homes on show from the leading manufacturers in the industry including Willerby, Prestige, Regal, Swift and Victory.  Long considered one of the most sought after parks upon which to own a caravan holiday home, Waterside has to be seen to be fully appreciated.

All three parks are no more than five miles from Weymouth town centre and all enjoy nearby beaches, picturesque landscapes and plenty of opportunities for adventure and excitement, as well relaxing and recharging your batteries. Waterside is right on the beach at Bowleaze Cove, Chesil Vista is right next door to Chesil Beach and Osmington is a short stroll from the magnificent views from the headland.Graham Frampton, General Manager at the Waterside Holiday Group, said: “With golden beaches, picturesque countryside and pretty villages aplenty, Dorset is enough to rival the French Riviera – and at half the cost! All of the park’s locations have luxurious surroundings, and the parks are no exception with five star holiday accommodation and facilities. Now we have these fantastic new lodges and caravans available, plus great facilities and recent developments at all three parks, this is definitely going to be an exciting year for us at the Waterside Holiday Group.”Lodge and caravan owners at all three parks receive fantastic benefits, including:
·        Owner’s Loyalty Card, offering 10 per cent off on all the park’s bars, restaurants and take-aways
·        Free use of seasonal leisure facilities for owners and immediate family
·        Free membership to bars and restaurants
·        Free membership to children’s entertainment facilities and events 
·        Free bus travel for owners to and from Weymouth
·        Invitations to exclusive owner’s events
·        Freedom to visit throughout the season – 1st March to 15th January
·        Clear licence agreement
·        Manufacturer’s warranty for at least a year for every new holiday home
·        Quality check with high standards for all pre-owned models


Toni PhillipsNovember 25, 2011
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1min2

The beginning of 2012 is set to see a redevelopment of one of Kensington’s most iconic buildings. The 127,000 square foot property on Kensington High Street is going to become the new home of the Design Museum.

The property was once the Commonwealth Institute. The Kensington building is being redesigned by property tycoons Elliot Bernard and Sir Stuart Lipton. The site which is aiming to become the new iconic destination within the Chelsea and Kensington area.

Bernard and Lipton acquired the site in 2007. However, due to the recent financial turmoil the project had to be postponed until next year (2012).  The pair has also received a helping hand from the Kensington and Chelsea council who have injected £2.6 million in a loan to kick start the project. The new development aims to regenerate the area by giving the unused building a new purpose and the area a high quality modern design.


Toni PhillipsNovember 19, 2011
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1min3

One of the two wealthiest men in France has spent £20 Million on an 18th Century property in the heart of Chelsea. Franҫios Pinault who made his fortune through running luxury goods company PPR, bought the two bedroom property earlier this month. Pinault’s luxury empire, includes many well known brands such as Gucci, Yves Saint Laurent and sports giant Puma.

Franҫios Pinault’s new property, The West House on Glebe Place in SW3 was designed by Philip Web for the Victorian watercolour painter George Price and is one of the earliest examples of Queen Anne revival architecture. The house featured in the 1987 cult film Withnail and I, staring Richard E. Grant.

Not content with acquiring the luxury property, Penult is likely to spend a fortune decorating it. The French businessman is one of the world’s leading art collectors owning a collection of approximately two thousand pieces, including work by Damien Hurst and Jeff Koons.

 


Toni PhillipsSeptember 23, 2011
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1min2

Chelsea to become the home of the Private holiday studio with the arrival of TheLuxPod, described on the official website as the ‘tiniest and most luxurious apartment in the capital’. Situated just three minutes away from the culture of the Royal Albert Hall and the Natural History Museum, TheLuxPod is a thirteen square metre apartment of pure luxury. The apartments which feature many of the latest must haves in technology including Sky+ HD, remote controlled lights and blinds, as well as Tempur mattresses are designed for the discerning customer. These pods which are available from £129 per night these pods are going fast with bookings taken up until the end of the year. It seems that the LuxPod which are designed to cater for every possible need whilst on holiday may be set to compete with some of London’s top hotels.


GraziellaAugust 3, 2011
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3min3

Chobham Manor, East Wick, Marshgate Wharf, Sweetwater and Pudding Mill will be the 5 new suburbs around the Olympic Stadium where almost 8000 new houses are going to spread.

This huge construction’s project during the next 20 years will produce 5 new suburbs which the names were still secrets until today. The « competition » started since March and the jury was composed of London’s representatives had to choose among almost 2000 names that the public proposed.

Some were quite originals like Dog And Bike or Plastic Fantastic, and others were more down to earth like little Athens. But those names haven’t been enough relevant for the jury and have been rejected.

 

Eventually, the winners are :

Chobham Manor for the north-east area

East Wick for the north-west area

Sweetwater for the west area

Marshgate Wharf for the south-east

and then Pudding Mill for the south

 

Let’s speak about History

The first name, Chobham Manor, has been suggested by Gary Davidson-Guild from Lambeth, because the area will be built in the same place than a manor house bought out by John de Chobham in 1843 before the railway expansion which costed the disappearing of the property.

It will be the first neighbourhood to be built.

The second name, East Wick, has been suggested by Oliver O’Brien, because the area will be in the East of Hackney Wick where he comes from.

Kevin Murtagh of Reading, Berkshire, has choosen the name of Sweetwater for the west side, to honour the sweet industry which was nearby watercourses.

The fourth name, inspired from marshes which has taken an important place in this district at the time, has been suggested by Stephen Davies of St Albans, Hertfordshire.

And finally Pudding Mill which will be close to Pudding Mill station, comes from Pudding Mill River that Dave Arquati from Wandsworth has found important to highlight.

These new neighbourhood aren’t going to be only composed of houses but also with new conveniences like the Queen Elisabeth Olympic Park which is going to open after the games, news nurseries, but also a polyclinic for Chobham Manor, new schools, nurseries, community centers and open spaces for the others.

 

Families will be able to move into the new houses from 2015 only, even if the public will be allowed to discovered the new buildings from 2013.

 



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