- Real Estate
|Since the 1960s, Puerto Vallarta and Riviera Nayarit have been attractive destinations for tourism. Perfect weather and local charm have seen visitors flock to the Mexican Pacific coast in vast numbers bringing wealth and prosperity to the area.
Over the years, those numbers have increased significantly. In the first half of 2022 (January to June), more than one million Mexican nationals flew into Puerto Vallarta International Airport, while overseas visitors fell just short of two million passengers. An increase of over 10% compared to pre-pandemic levels. Add in over one hundred thousand cruise liner passengers and road-trippers, and those figures exceed well in advance of three million visitors, making the Bay of Banderas one of the busiest destinations in Mexico.
Tourists are also spending record amounts of money. According to The Economist, “In August 2022, 2,213 million dollars entered the country for international tourism, 23% more than the same month last year. Each traveler who entered Mexico spent on average 418 dollars during their stay”. This figure will increase exponentially as the high season begins in earnest.
With Puerto Vallarta and the surrounding area being so popular with vacationers and retirees, demand for property has reached an all-time high. Buying and investing in real estate has become a lucrative option for increasing your home equity and capital gain.
Ever Increasing Popularity
As Puerto Vallarta remains in vogue and its growth and appeal continue on an upward trajectory, investors looking to increase their capital gain are casting their gaze no further than the local property market. Derelict sites and spare land see new homes and condos with the added incentive of lower-priced pre-construction deals. The popularity of the entire bay also means existing property prices continue to grow year-on-year. With this in mind, Puerto Vallarta real estate has become the perfect storm of opportunity.
So what makes Puerto Vallarta so popular?
For many people, buying property abroad is a lifelong dream. However, it can be a daunting prospect with many pitfalls to overcome. Hiring a professional team to oversee all your requirements, legal or otherwise, will help smooth the path toward owning your ideal home.
At Puerto Vallarta Villas, we can manage your real estate investments, taking the worry from your shoulders to give you peace of mind throughout the entire process. We have an extensive portfolio and can advise you on the best Puerto Vallarta properties on the market in the best neighborhoods.
To make an appointment with one of our realtors, visit our website or contact us today and take the first step to own your dream home in Mexico.