When people think of beach destinations in Mexico, two immediately come to mind: Cancun with its Caribbean coast, and Puerto Vallarta with its choice section of Pacific coast. I have done a lot of research on the Playa del Carmen real estate market, and the Tulum real estate market, having personally invested in real estate in Playa del Carmen.
However, I was curious about real estate investment opportunities in Puerto Vallarta. So I took a flight to Puerto Vallarta and stayed there for two weeks to research the local Puerto Vallarta real estate market.
Table of Contents
Mexico’s Economy: Macro Overview
Mexico has attractive demographics
With a fertility rate a bit above two children per woman, Mexico ranks higher than any Western country. It is quite visible when traveling around the country.
People tend to forget that Mexico is an absolute ogre population-wise, with its 128 million inhabitants. It is the second most populous Latin American country after Brazil, with 210 million people, and well ahead of the third, Colombia, with 50 million people.
A large economy that has been growing steadily, but somewhat sluggishly
The most objective way to look at the country’s growth is on a per capita PPP basis, to capture how much people are really gaining from GDP growth.
These numbers are decent, but in all honesty, they are a bit disappointing when considering the (mostly) free trade agreement with the US and Canada. A massive country with such a surplus of affordable labor, should objectively be doing better.
A slightly disappointing current account for such a large manufacturer
Again, with the free trade agreement with the US, Mexico should be doing better.
This is in spite of booming remittances
Remittances from Mexicans working in the US represent 4% of Mexican GDP, and are a lifeboat for many families. Uncle Juan in Oakland is more of a safety net than the Mexican government. It also demonstrates the hard work of Mexicans in the US, considering the amount of Mexicans did not grow by such an amount proportionally over time.
Clearly, Mexicans in the US have been gradually moving up the food chain in terms of income.
Near-shoring in Mexico, a bedrock of the Mexican middle class
The world is bifurcating between East and West, with a third, more neutral block in-between just as during the Cold War (Mexico is in this latter block).
The inevitable result of all of this drama is that re-shoring will become a top priority for Western companies and governments. After having outsourced most of its production of goods to China over the past 20 years, the US has found itself in a situation where it must re-shore production and reduce its exposure to China.
The collective West installed a new sanctions regime – “If we don’t agree with you, we sanction you and seize your assets overseas”, which it did to Russia and its foreign reserves. China now knows how the collective West behaves, and will seek to create massive damage to Western supply chains in case of increased tensions.
Western companies, whether they like it or not, will have to diversify away from China. A lot of this production with go to the likes to Vietnam, etc. But an obvious candidate is just across the border. Mexico will be in a prime position to massively benefit from this de-globalization and re-shoring trend.
This is a net positive for the Mexican economy, which will translate into more local tourism internally and investment in the local real estate sector.
Trump’s election is a negative for Mexico
Trump is clearly triggered by this here:
Trump is known for his Mexico bashing. The next four years will be tough for Mexico, especially with the current left-wing administration in place in Mexico. Trump will inevitably make life tough for Mexico, which will negatively impact the country’s economy and incoming foreign investment.
Mexico elected a far-left government
In the presidential elections far-left candidate Claudia Sheinbaum was elected.
She ran on an anti-mining, higher tax and more state involvement platform.
Having said this Mexico is a complex country. Just as the government does not have the monopoly on violence (which it shares with cartels), it also does not completely control the economy.
However she has made some very expensive commitments such a massive scholarship program and government price fixing of basic goods.
The state owned oil company which has been chronecally mismananged by all Mexican government is in real trouble. Its liabilities amount to $120 billion, which amounts to over half of the country’s foreign exchange reserves of $200 billion.
Mexico used to be a net exporter of energy, but is now a net energy importer with no viable plan to change this.
Mexico is a country with decent government finances, but that is set to change
In a world of government debt to GDPs in the Western world of mostly 100%+, Mexico’s figures are quite sobering.
However in light of all the recent developments, I doubt these numbers will materialize. It is likely that the debt to GDP ratio will increase rather than remain stable.
Mexico has an economy that will muddle through, but with pockets of excellence
I don’t expect explosive growth in Mexico, just the usual below potential, but steady growth that Mexico is used to. The policies of the current government, and the election of Trump will just lower the growth of Mexico but are unlikely, unto themselves, to lead to any short-term recession, barring a worldwide slump.
The pockets of excellence driving the Mexican economy will undoubtedly be in the North close to the US border in wealthy cities such as Monterrey, which benefit in full force from the near-shoring trend.
However, I believe that Playa del Carmen, Tulum, and Puerto Vallarta will also be key beneficiaries as the rising middle- and upper-classes of Mexico will seek lifestyle housing, investment properties, and themselves spend time in the nicest resort/beach towns of Mexico.
Prices in the Puerto Vallarta real estate market are already relatively high
Puerto Vallarta is by no means cheap if you want to buy an interesting apartment in one of the walkable areas. It’s more expensive than Mexico City, and together with Cancun, Playa del Carmen and Tulum, is the second most expensive area in Latin America after Punta del Este in Uruguay.
But unlike these other Latin American cities, prices are much more heavily linked to the North American market, as this is the main target market, as well as Mexican industrialists who are themselves very tied to the American economy.
So yes, absolute prices are expensive relative to the region, but it’s a completely different market.
Overall, I don’t feel that Puerto Vallarta is a market offering substantial capital gains. I rather see it as good diversification, a lifestyle play and a residency play in some cases. The cash flow from real estate is generally quite poor in Puerto Vallarta, but it is decent enough for people who want to spend time there, and rent out for the rest of the year.
I also believe that structurally, this market has less downside than most Western markets due to its cash nature, and its many catalysts.
6 Key Catalysts That Make Investing in Puerto Vallarta Interesting
1. Staggering development in Puerto Vallarta
Puerto Vallarta International Airport
Puerto Vallarta airport is absolutely booming. In 2022 it was the Mexican airport with the most passenger growth versus 2021. Passenger numbers grew a staggering 51%, so much so that the airport is expanding. The main terminal is being renovated and a second terminal is being built. This will increase capacity, comfort, and drive even more volume of tourists and nomads.
The new terminal is expected to open its doors in late 2024, and is set to become Latin America’s first net-zero airport. The net-zero element is interesting in the sense that the city seems to be targeting higher-end tourism, which is more sensitive to such matters.
In the meantime, Puerto Vallarta airport storms ahead with Q1 2024 international passenger numbers up 15% against an already eye-popping 2023.
New highway to Guadalajara
The government has been working on this highway for many years. It’s a massive catalyst from a local tourism point of view. Few foreigners are aware, but Guadalajara metro has a population of 5.5 million people.
These people previously had to travel over 5 hours each way. Soon they will be able to get to Puerto Vallarta in 3 hours or so. This will be a healthy boost for weekend tourism. As Mexico continues to develop thanks to re-shoring activity, the new Mexican middle and upper classes will be happy to go to the beach for the weekend.
Though this is bullish for Puerto Vallarta in general, it is even more so for small beach towns near the highway on the way to Guadalajara. More on this topic below.
2. Digital Nomads
The reality is that one short flight away from Puerto Vallarta is a massive market of high-earning Americans who simultaneously realized a few things:
- They can work almost entirely remotely.
- They can work from abroad, thus leaving behind an increasingly toxic environment. This perception of toxicity applies to Americans of all political stripes.
- They can live a quality life for less money abroad and in many cases can save on taxes if structured properly (feel free to get in touch with my tax consultants here)
Millions of Americans have either reached these conclusions, or soon will.
First-time American digital nomads will stick to the name brands in terms of travel destinations, which is bullish for making a real estate investment in Puerto Vallarta.
Puerto Vallarta is one of the world’s top digital nomad destinations, along with places like Chiang Mai, Playa del Carmen, Bali, Budapest, Tulum, and Medellin.
3. North American political and cost-of-living refugees
The influx has already started and is bound to grow. I am not referring to digital nomads who move here for a few months before bouncing off somewhere else. I am referring to people, of all political stripes and ages, who move down to Mexico full-time. They sometimes have online businesses, but often they still have businesses back home which someone manages for them, they are retired, they live off passive income, or start actual businesses in Mexico.
I have met a few types of such people:
Liberals escaping Trump
Unhappy with the trajectory of the US, they are moving in droves to places such as Europe, Panama, and Mexico.
Conservatives
This is the previous batch of Americans and Canadians. Typically they left during Covid and settled in Mexico. Some went back after not managing to make things work for themselves in Mexico, but many have stayed and formed communities. There is still a constant flow of North American conservatives who are disillusioned in general. This type of immigration has slowed down with Trump’s election and Trudeau’s likely loss at the upcoming elections.
Apolitical Americans who are sick of all the politics in America
They just want to live in peace away from all the nonsense. The beach in Mexico is a good destination for this.
Europeans who flee conflict
Riviera Maya lately hosts an increasing number of Ukrainians and Russians, but not Puerto Vallarta as it is farther away from Europe and does not have many direct flights to the old continent. There aren’t many Europeans in Puerto Vallarta. For example many exchange offices will not even display Euro conversion rates as an option.
Cost of Living refugees
As inflation eats away at people’s savings in Western Europe and North America, and as the healthcare systems gradually fall into decay (Europe and Canada) or become too expensive (America), many people will move down South where the cost of living is lower.
Granted, Puerto Vallarta is not the cheapest destination in Mexico, let alone in Latin America. But it is conveniently located, English is relatively widely spoken, and it is nevertheless affordable and comfortable. We can expect tens of millions of such Westerners to leave the West in the coming decades. Puerto Vallarta will attract many North Americans, especially as obtaining residency in Mexico is easy.
Investors must understand that not all such people are “cheap”. If you earn $70,000 in Illinois you can live a decent enough life, but in Mexico you will live very well.
4. Walkability is a true competitive advantage for the real estate investment market in Puerto Vallarta
This is one of the key selling points of Puerto Vallarta real estate compared to many other destinations in Latin America. The walkability of the city is great, not just on the famous boardwalk but in town as well. And as soon as you want to venture farther way, there are cycle lanes on the main arteries as well as a bus system that is easy to understand and use. It’s cheap, and you also see wealthy Gringos taking the bus because of how convenient it is. This contrasts with Playa del Carmen and Tulum where wealthy Gringos do not use the local bus network.
If you live in the center or near the center, Puerto Vallarta is very walkable. You can live a bit of a village life without having to buy or rent a car. In an age of inflation and high gas prices, this makes a difference. Also, for people who just want to stay for a few months, or plan to stay for a week on holidays, walkability is a key factor to avoid hassling with taxis.
Going to the nearby towns is easy as well with buses departing on a hourly basis.
5. LGBTQ
This again is a topic that gets people politically heated. Just looking at facts, whether you like it or not, the US and Canada are experimenting big shifts.
Gen Z self identifies at a rate of 20% as LGBTQ, versus less than 5% of boomers. This is a generational sea change.
Puerto Vallarta, and more specifically the Zona Romantica, is a world-renowned gay destination. This is a big growth market.
However, there is space for everyone. Venture outside of that area and you’ll meet plenty of Canadian families who fled what they perceive as LGBTQ ideology in the school system in Canada.
Mexico is a land of contrasts.
6. Safety
Puerto Vallarta feels very safe. Unlike in some other Latin American destinations, I wasn’t looking over my shoulders when walking around at night, and felt comfortable going out with an expensive phone without sticking it into my boxers.
Mexicans feel the same about Puerto Vallarta. They like its reputation for safety. I remember meeting a group of young Mexicans in their 20s from Mexico City. I asked them why they chose Puerto Vallarta for the weekend instead of Playa del Carmen. They replied that for Mexicans Puerto Vallarta is safer.
Insightful, and very positive for the local element of the local real estate investment market in Puerto Vallarta.
Why did I not mention mainstream tourism as being a catalyst for the Puerto Vallarta real estate market?
Tourism is obviously the number one target market for your real estate investment in Puerto Vallarta with millions of travelers landing at the Puerto Vallarta airport.
However, we must not ignore the macro environment. The reality is that we are entering a world of expensive energy, which will mean more expensive flights and squeezed real incomes due to surging inflation all over the Western world.
This will not be without consequences. People that could once afford to go on vacation might not next year, or might go on vacation to Mexico for one week instead of two weeks. Such a macro environment is inevitably a net negative for tourism in most places in the world.
This being said, domestic Mexican tourism is gaining in strength, especially with the highway being built, and there are these other catalysts that should help make up for a loss of organic tourism growth. The new infrastructure will attract people who would not have come, and all these digital nomads and refugees of various types will help fill the properties of real estate investors in Puerto Vallarta..
In many cases tourism is a zero-sum game. A tourist has only X number of days to spend every year. You must remain attractive to stay ahead of the competing destinations.
Which areas to invest in Puerto Vallarta
Region Guide: Where to Make A Property Investment
First, let’s start with the region, and we shall delve into the city and its neighborhoods a bit later.
I would totally ignore the coast south of Puerto Vallarta given that the regional development is more focused northward towards the highway and the expanding airport, two key drivers for the real estate market in Puerto Vallarta.
Marina Vallarta
This neighbourhood is very comfortable for living. And many expats live here. Walk around any morning and the restaurants will be packed with North Americans having brunch. However, as a pure investment I avoid it due to one chief reason; the area has peaked. It’s nice, but there isn’t any further growth planned. It is starting to look a little old. It’s past its prime. Lifestyle? Yes. Investment? No
Nuevo Vallarta
Nuevo Vallarta is absolutely fascinating in the sense that you could forget you’re in Mexico if there weren’t so many Mexican workers around. It’s essentially a large, gated community with hotels, malls, private clinics, private schools, and its own prime beach. The infrastructure is great, though you must have a car as it isn’t pedestrian friendly in the sense that it is very big.
In some respects it’s a little kitsch (think fake Mayan pyramids), but in many ways it offers all the comforts of back home. You see Mexican, American, and Canadian flags everywhere. The supermarkets have imported products from back home. And it’s very safe.
I talked to a few expats here. They are quite different from expats in other parts of Puerto Vallarta in the sense that they seem to mingle a lot less with locals. For many it’s just a great beach destination, with great weather, safety, and affordable help and food.
As a pure investment I would stay away from it as it is already rather built out. You’re looking at easily $400 per square foot for new construction. I can find better value with more upside potential in other neighbourhoods and nearby towns, with less HOA fees if I were to rent the property out.
Having said this, it’s a great lifestyle play.
Bucerias and La Cruz
Growing area. There is still much space for construction. The infrastructure is absolutely not “there” yet. Dirt roads, constructions sites, and the marina is not that appealing, nor are the boats premium. But this will change. The highway lays nearby and the airport is close so this area will definitely develop over time. I doubt the rental yields are very interesting for now, as living there without a car is not that appealing and many of the retirees and digital nomads would prefer to be somewhere livelier, but for capital gains this is probably not a bad play.
Punta Mita
Sorry, you’re late. Extremely expensive already. Lifestyle play. Very high-end developments, and extremely pleasant area with gorgeous views and decent infrastructure. It was even hard to take pictures of anything pretty because everything is behind the walls of luxury gated communities housing multimillion dollar properties.
Sayulita
Really cool surf village that has turned into Puerto Vallarta’s Tulum. Even in low season it is PACKED with young digital nomads. There is even a Selina hostel, which says much about the destination given how selective Selina are when choosing their destinations.
If you walk around Puerto Vallarta in the low season during the day it feels a little dead. However, in Sayulita the cafes are teeming with young digital nomads who pass their time working, drinking at cool bars, shopping in cute stores, hanging out at the beach or surfing the waves. It’s a fun year-round destination.
But real estate is already expensive. I don’t know how much more upside there is. Objectively, it’s not like you’d be getting in early on a trend. You missed it as a pure real estate investment. It’s a lifestyle play now.
San Pancho
The next Sayulita. If you want Sayulita-ish vibes at a discount with potential upside, this is where you go. It’s a mere 15-minute cab ride away if you want to go have fun in Sayulita every once in a while. If I had to invest I would rather do so here to capture more potential upside.
Lo de Marcos
If I had to speculate anywhere on the coast, it would be in this village. For now, there are still barely any tourists and the beach is pristine. The tourism infrastructure is almost non-existent, but it feels quaint as a result. If you bought something here, finding a decent Airbnb manager would probably be a bit challenging. You’d probably have to find a neighbour or one of the few expats living in town.
But, I believe that this village represents the best speculation and odds of strong capital appreciation. Development will inevitably arrive in this area, with the new highway being a big catalyst, as well as prices that went up significantly in Sayulita and San Pancho. Things can only get better in this village. It’s a decent long-term speculation.
I believe that Lo de Marcos will offer the most upside for real estate investments on the coast near Puerto Vallarta.
La Peñita / Ricón de Guayabitos
Relatively large ugly town targeting lower- and middle-income Mexicans. This would be a bet on the Mexican middle class, and the highway will make it even more accessible to Guadalajara. The beach is nice, but all the buildings in town look like they got their last remodeling done in the mid 90s. You find a few North American retirees on a budget living here.
Overall it would probably be a decent investment over the long term due to the highway and Guadalajara which keeps growing. But it’s certainly not a place you’d want to spend time in for now.
Neighborhood Guide: Where to Invest in Puerto Vallarta Real Estate
Puerto Vallarta is now a city of close to 300,000 souls. Before making a real estate investment in Puerto Vallarta, it is crucial to have a good understanding of its key neighbourhoods.
Centro
This is a classic area with the famous boardwalk, cobbled streets, boutique hotels, bars, clubs and art galleries. If you want to buy core location, this is the best that Puerto Vallarta has to offer. However, prices are expensive. It’ll be hard to make a decent capitalization rate on real estate investments in this area, however your occupancy rate will be very high. Overall I see it as a lifestyle play, with some of the best leisure Puerto Vallarta has to offer.
Even run-down houses are expensive. When I called to inquire about this house, it had already been sold for $230,000. It wasn’t a large plot of land either.
Zone Romantica
Known to be the best area in Puerto Vallarta, together with Centro. It’s a big LGTBQ destination, but only a small section of the area is dedicated to this crowd. You’ll also find plenty of retired North Americans, digital nomads, etc. I find that prices here are not cheap at all, as the video below will demonstrate. However, finding tenants is easy. Due to the price of real estate though, it’s hard to make high capitalization rates, and I don’t think you’ll be making amazing capital gains. The thesis here has already played out. As with the Centro, this is a lifestyle play which you can combine with being able to list the condo on Airbnb when you are not in town.
Fluvial
Just a normal residential area with an increasing population of expats who move there because of general affordability. It’s not particularly pretty, nor close to the beaches. Upside is limited here, as well as rental yields.
5 de Diciembre
Most digital nomads I met stay in this area because it is close to Centro, is more affordable, has good beach access, and is increasingly dotted with cute cafes and restaurants. This area is not cheap, but comes at a 20% discount to the centro. There is probably a bit of upside in this area still as businesses move in. It’s a convenient area and is where I stayed myself. But I find that both Versalles and Lazaro Cardenas offer more upside potential.
Versalles
I really like this area from an investment standpoint. Why? Because cute cafes and restaurants keep popping up, and people “in the know” are increasingly going for dinner and drinks here. It’s absolutely not on the tourist map, and is only really known by some people who live full-time in Puerto Vallarta. People living in the Centro and Zona Romantico now occasionally go to Versalles in the evening for dinner.
It’s a trend, but it’s still early in the game. The neighbourhood doesn’t look great yet, and there are a lot of mean looking buildings. This, combined with its relative proximity to the beach and airport makes it a stand-out from an upside point of view. This is my favourite spot to make a real estate investment in Puerto Vallarta together with Lazaro Cardenas
Lazaro Cardenas
This area is one notch below Versalles. Not much is happening here, but the occasional nice new building emerges as well as the odd cute cafe. It is sandwiched between 5 de Diciembre with all its digital nomads and Versalles with its cool restaurants and bars. As Puerto Vallarta continues to grow, it is inevitable that Lazaro Cardenas will grow. For long term capital gains when making a real estate investment in Puerto Vallarta, this is a very good bet.
Zona Hotalera
As the name implies, there are mostly hotels in this section of town, though there are more residential towers than in the Cancun hotel zone for example. I wouldn’t buy there as an investment. Prices are high as it is and I don’t see much upside.
Case Study: Long-Term Rental Market in Puerto Vallarta
This two bedroom, two bathroom condo near Versalles is being sold for $449,000 fully furnished.
| Purchase price | $449,000 |
| Closing costs (+-6% notary + $2,600 for local trust) | $29,540 |
| Total purchase price | $478,540 |
| Yearly rental income $1,700 per month @ 90% occupancy | $18,360 |
| Administration / Property Management ($200 per month) | $2,400 |
| Yearly HOA / Common charges ($330 per month) | $3,960 |
| Property tax | $500 |
| Yearly maintenance allowance | $1,000 |
| Total yearly costs for a long term let | $4,260 |
| Net pre-tax income | $10,500 |
| Net rental yield and capitalization rate ($10,500 / $478,540) | 2.2% |
This is for the long-term market, which is absolutely not attractive. It would be better to put it on Airbnb and have the apartment available for when you want to use it.
Case Study: Short-Term Rental Market in Puerto Vallarta
| Purchase price | $449,000 |
| Closing costs (+-6% notary + $2,600 for local trust) | $29,540 |
| Total purchase price | $478,540 |
| High season $150 with 75% occupancy for 5 months | $17,156 |
| Low season $95 with 60% occupancy for 7 months | $12,169 |
| Total gross yearly income | $29,325 |
| Administration / Property Management ($200 per month + 20% of turnover) | $8,265 |
| Yearly HOA / Common charges ($330 per month) | $3,960 |
| Utilities and internet ($200 per month) | $2,400 |
| Property tax | $500 |
| Yearly maintenance allowance | $1,000 |
| Total yearly costs for a long term let | $16,125 |
| Net pre-tax income | $13,200 |
| Net rental yield and capitalization rate ($12,034 / $478,540) | 2.8% |
This allows you use the apartment for parts of the year, cover all your expenses and still make a bit of cash flow.
Case Study: Zona Romantica Real Estate Investment
Because rental demand is so strong in Zone Romantica, the rental yields are higher.
Who Should Invest? Puerto Vallarta Real Estate Market
People who want to spend part of the year in Puerto Vallarta
Many people wish to mix lifestyle and a place they can rent out. Puerto Vallarta is a lovely lifestyle destination, right in the West Coast time zone. If people want to maximize their ROI, I recommend they list the condo on Airbnb from mid-November until the end of April, which is the peak season.
A real estate investment in Puerto Vallarta of a minimum of $300,000 using the right structure qualifies the investor for residency in Mexico. There are many other ways to qualify for residency in Mexico (more details here). Making a real estate investment in Puerto Vallarta is an easy way to qualify for residency in Mexico.
People who want to spend the whole year in Puerto Vallarta
Puerto Vallarta has shifted from a seasonal destination to a full-blown year-round destination. It’s a very pleasant place for both retirees and younger people. The fact that it is increasingly well-connected to the US and Canada makes Puerto Vallarta increasingly livable for people.
Westerners who want to spend time in Mexico and diversify without taking on too much geopolitical risk, in an established destination
People who want to diversify away from Western countries, without taking geopolitical risk. Mexico is unlikely to get involved in any war, and investments are welcomed from all over the world. In many ways it is a bit of a safe haven. Granted, Puerto Vallarta is not a cheap destination, but it is very established, and importantly comes with minimal currency risk on rental income as rents are set in USD, not in Mexican Pesos. The rental yields are not particularly attractive. It really is an investment destination for people who actually want to spend time there.
The Bottom Line: Puerto Vallarta Real Estate Market
Overall I see the Puerto Vallarta Real Estate Market as mostly a lifestyle decision, with a bit of cash flow on the side for people who want to rent out their property for parts of the year.
Compared to Playa del Carmen and Tulum, I would say there that there is less potential for capital appreciation as the prices are higher. However, there is probably less downside risk as well due to the fact that Puerto Vallarta is a much more established destination and is very close to major money centers in California
People love Puerto Vallarta and its surroundings for the beauty of the nature, the lifestyle opportunities, the surfing, and decent connectivity. This is not about to change. The new highway and airport terminal will only consolidate Puerto Vallarta as a premium and well-connected destination.
Buy Puerto Vallarta Real Estate with Paul
I talked to many realtors in Puerto Vallarta but immediately liked Paul as he was very honest with regards to numbers and setting expectations. Paul, originally from New Zealand, has been living in Mexico for a number of years and immediately fell in love with Puerto Vallarta. He can help you find your dream home in PV. You can find out more about his buyer’s agent services here. Alternatively, you can send him an email: paul@thewanderinginvestor.com. Include your WhatsApp number if you use it as he is a keen user 🙂
Available services in Mexico:
- How to Obtain Residency in Mexico
- My Real Estate Buyer’s Agent in Tulum and Playa del Carmen
- Give Birth in Mexico for Citizenship
- My Favourite Realtor in Puerto Vallarta, Mexico
Articles on Mexico:
- 6 reasons against a Real Estate Investment in Cancun
- Full Guide to Investing in Tulum Real Estate
- Making a Real Estate investment in Playa del Carmen – decent diversification in Mexico
- Investing in Multifamily Housing in Playa del Carmen
- Full Guide to Making a Real Estate Investment in Puerto Vallarta
- Puerto Vallarta Investment Case Study with Numbers
- What is a Lock Off Condo & Crazy Architecture in Tulum, Mexico
- Is a house in Puerto Vallarta a good investment? Case study with capitalization rates
- We bought a house in Playa del Carmen, Mexico!
If you want to read more such articles on other real estate markets in the world, go to the bottom of my International Real Estate Services page.
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Frequently Asked Questions
Is it good to buy property in Puerto Vallarta?
Puerto Vallarta property is a good way to diversify internationally, and a spectacular place to spend time. Though the net cap rates are generally relatively low, it still makes sense for people who people who want to live there all year or for parts of the year.
How much money do you need to live comfortably in Puerto Vallarta?
A monthly budget of $3,000 for an expat couple should be enough to live relatively comfortably but it really depends on where you choose to live in Puerto Vallarta. One can live cheap in Mexico, but Puerto Vallarta is not the destination for this.
Is Puerto Vallarta real estate expensive?
Puerto Vallarta is one of the most expensive real estate in Mexico along with Cabo and central parts of Mexico City. Puerto Vallarta real estate is expensive locally, but nevertheless a bargain compared to some large US and Canadian cities.
Are home prices dropping in Mexico?
Home prices in Mexico are relatively stable after a few years of strong growth. But it is important to note that Mexico is a very large country and dynamics vary from market to market.
