Real Estate in Puerto Vallarta
Real estate in Puerto Vallarta has historically has provided solid returns for investors and those looking to retire in Mexico. With what has been called the perfect climate, averaging over 300 days of sunshine every year, along with its access to quality health care, world class restaurants, spectacular golf courses, eclectic art scene and the beautiful Bay of Banderas, investing in real estate in Puerto Vallarta simply makes a great deal of sense for those seeking a care free and easy lifestyle. With its small town atmosphere, beautiful backdrop of the Sierra Madre Mountains and the fact that it is nestled on Mexico’s largest bay, real estate in Puerto Vallarta literally has something to offer everyone who wishes to enjoy this paradise.
The best real estate in Puerto Vallarta area is located on Mexico’s Pacific coast offering stunning views of mountains, ocean, and jungle. Puerto Vallarta is one of the safest areas in Mexico, and life is fun here. Outdoor activities are plentiful, ranging from hiking, and sport / recreational fishing, to golf and features some of the best and most pristine beaches found in Mexico. Around the Bay of Banderas, the savvy investor will find that purchasing real estate in Puerto Vallarta not only offers harmony with its beautiful surroundings, it also offers steady and consistent return on one’s investment.
From 2003 through 2008, often termed the golden era of real estate in Puerto Vallarta, property values steadily increased year after year. With many new developments popping up all over the region, buyers were purchasing properties at a record pace. Although property values dipped after the world economic crisis in 2009-2010, real estate in Puerto Vallarta area seems poised for a comeback with the current inventory of resale properties at a level of 1,100 and developer inventories around 3,500 units, according to statistics provided by the multi-list service in Puerto Vallarta.
Buying real estate in Puerto Vallarta in today’s “buyers” market offers investors and those seeking a great place to retire in Mexico with numerous unprecedented opportunities. The average price of a condo sold in the market in 2010 was $320,000 compared to $358,000 in 2008, $320,000 in 2007 and $283,000 in 2006. With the real estate in Puerto Vallarta market stabilized, the prospects are good in today’s buyer’s market. This is true for those looking to invest in Mexico and those wishing to retire to Mexico in a safe and secure environment.
Buying real estate in Puerto Vallarta easy and secure. Transactions are made through bank trusts which give the buyer the security of title and peace of mind knowing that their investment in safe. Additionally, financing for purchases of real estate in Puerto Vallarta is readily available and offered through many international banks and a network of mortgage brokers. Whether you are looking to pay cash or use one of the many financing options available, real estate in Puerto Vallarta should continue to be an outstanding investment for the foreseeable future.
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