The start of a new year is always a time for resolutions – whether to give up a bad habit, start living a healthier lifestyle or maybe to make this the year that you invest in Puerto Vallarta real estate. We all know that New Year’s resolutions are often hard to stick with, but there are some compelling reasons why investing in real estate in Puerto Vallarta this year should be the financial resolution that you see through.
The inventory rate, particularly for new construction condos, is currently exceptional with properties at every price point from entry level to high luxury. Several major developments are set to break ground in and around Puerto Vallarta in early 2019, meaning that buyers can take advantage of pre-construction pricing allowing for a strong increase in the value of the property as soon as the building is completed. For buyers, there has never been a broader selection of properties from which to choose, both new construction and resale.
The carrying costs on a vacation property or second home in Puerto Vallarta are also extremely appealing to buyers. Home financing options are available in both USD and pesos with lending rates that have become more attractive over the past years, particularly with the continued strength of the USD. In addition, closing costs, property taxes and maintenance costs on a Puerto Vallarta property are very affordable in comparison to homes of similar value north of the border.
And finally, with a thriving tourism industry in Puerto Vallarta and the rise of consumer preference towards vacation rental properties over traditional hotel or resort vacations, the return on investment for those who chose to market their property as a long or short term rental has never been better. In fact, many buyers are finding that their vacation property in Mexico can pay for itself through vacation rental income alone.
If real estate investment is your 2019 resolution, please contact us to learn more about property options in Puerto Vallarta that will best suit your financial and lifestyle goals.
Warren Brander is an expert real estate agent with The Agency. If you are thinking about buying or selling an investment property in Puerto Vallarta or the Banderas Bay area, contact him at (322) 688-6922 or email@example.com