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Puerto Vallarta Real Estate: Guest Post by M. Turk

10 June 2008 2,800 views 5 Comments

Puerto Vallarta real estateSavvy real estate investors have long held Puerto Vallarta in regard as a place to buy in Mexico. Elegantly located on a bay, the waters surrounding it remain calm and predictable year-round. Whether you are a family, single, young or old, pleasant distractions abound. From entertainment to golf, to watersports and fine dining, Puerto Vallarta has a reputation for being enchanting and safe. Foreign investors can choose from lots, condos, or homes. With a significant number of repeat visitors, the housing market stays firm and reliable. Of course, owing to Mexican law, foreign investors cannot own a property outright. However, the Mexican government allows 99-year renewable leases that are held in the investor’s name in a bank. As an investment instrument, they work out to be the same as owning the property and you will not likely find an investor or real estate agent whose eyebrows will not raise if you ask if they are a stable investment choice.

The real estate market in Puerto Vallarta has been as steamy as the nearby jungle and though it’s leveled off a bit recently, there are are at least three considerations one needs to take into account.

Lack of Space to Grow

Nestled snugly between the Sierra Madre mountains and the bay, there is a finite amount of space available for development. Due to its isolation and location in Jalisco, it is also safer and more exclusive than many other places you might consider buying

Strong Demand

Not many people come to visit and leave without seriously considering purchasing a second home or condo. As a getaway, it has all the ingredients that make it an ideal investment for all age brackets: inexpensive and frequent air links, great weather, ideal location, and every convenience one could want.

Maturity of Market

Because demand has been so great for many years, the market has developed and it is easy and transparent to not only research and find properties, but to complete the transaction. They even have a regional online multiple listings for those who prefer to research prior to arrival.

If you are at all considering purchasing Mexico real estate, keep Puerto Vallarta near the top of your list.

If you are interested in submitting a guest post, send your submissions to charles.sipe@nuwireinvestor.com

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5 Comments »

  • M Turk said:

    Puerto Vallarta has always been a favorite vacation destination for United States citizens and now is becoming a popular place to live or have a vacation home. According to virtualvallarta.com, Puerto Vallarta is experiencing the biggest real estate boom they’ve had in twenty years. PV offers all types of real estate investment options from hotels, condominiums, timeshares, and regular homes. Of course, in real estate, location is key and Puerto Vallarta delivers! There is the beach, naturally, but there is also a lot to offer in terms of art, culture, and entertainment. Puerto Vallarta hosts frequent festivals and revivals of native music. Puerto Vallarta is a lovely place to live and is a wonderful place to buy and sell real estate. There is strong demand for dwellings in Puerto Vallarta and, because of the real estate boom, new developments seem to be springing up everyday.

    - 2 July 2008 at 2:44 pm
  • A. Mazon said:

    Buying and selling real estate in Mexico can be a profitable investment. Even if you are interested in buying for non-investment purposes, you are not likely to walk away disappointed. The real estate market is Puerto Vallarta is holding strong, and can be a lucrative and enjoyable experience. According to La Costa Coldwell Banker and the MLS listings in Peurto Vallarta, Mexican Real Estate is not suffering from the same kind of mortgage crisis that we are north of the border. You can visit http://www.cblacosta.com/ for more information on available listings in Puerto Vallarta, and see for yourself what kind of market there is in Mexico. Generally, the purchases made in Puerto Vallarta are cash investments. There is generally little to no financing on real estate, which means there is no sub-prime market downfall like we are experiencing here in the United States. Puerto Vallarta is a vacation hot spot. Even if you are considering purchasing as strictly a vacation home, you can always recoup your investment by renting your home when you are not visiting the beautiful Mexican coastline. People are generally thrilled to rent a condo or vacation home for their visit to Puerto Vallarta because it costs less than some of the all-inclusive resorts, and tourists can experience the real Puerto Vallarta as a luxurious vacation. Puerto Vallarta is experiencing a strong upturn in upscale development and is developing a strong reputation as the best golf destination in Mexico.

    - 2 July 2008 at 2:54 pm
  • Anonymous said:

    It is highly suggested that one does their research before hunting for exciting properties in markets like Puerto Vallarta or Acapulco. Be aware of get rich quick scams that are all over the Internet and on television these day and stay informed on the laws of Mexico before investing. Buyers should also ask their agents about any other fees they will have to pay when purchasing the property. There is also the issue of cultural assimilation when moving to another country. It is advisable that people learn the language and try to secure a place of employment or learn what the laws are for jobs for foreigners. If you do not want to permanently move and live in Mexico and you just want to rent out your property, you will need to research the laws for being a landlord and subletting your property.

    - 2 July 2008 at 2:59 pm
  • Charles Sipe (author) said:

    With the housing market in the United States in a slump, now may be the best time to look elsewhere and consider investing in Mexico real estate. Mexico offers many types of peaceful, tranquil waterfront property to meet whatever desires you have. A wide variety of housing is available whether you are seeking a condo style of living or a large single family home. If you are not ready to purchase a residence, you may want to invest in land to build on later. Puerto Vallarta offers a wide variety of water sports, shopping, restaurants and fine dining, and other activities to keep you as engaged and busy as you would prefer to be. According to an article in the Puerto Vallarta real estate section of the Banderas News dated June 27, 2008 “…foreigners can own property along the coast by having a bank trustee.” Why not come to Mexico to see for yourself the many options that are available to you in the real estate market. Why not create your own perfect paradise? Now may be the best time to plan a trip to review the options available in the Mexico real estate market.

    - 2 July 2008 at 3:05 pm
  • Jua said:

    Real estate in Puerto Vallarta has been in a big boom in the last few years.
    Many visitors that came to Vallarta after few visits decide to buy property.
    All this visitors have the experience and know that Puerto Vallarta in a great place to live.
    http://www.pvsalebyowner.com

    - 8 August 2008 at 7:41 pm

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