Select Mexico Properties

Although the economic downturn has hit many American families hard, people are still buying Mexican vacation homes. If that seems like a strange purchase, think about it for a moment. If you’re looking at a Mexican vacation home as a status symbol, then you might be right. Many Americans, however are looking at Mexican vacation homes as a solid investment, and a way to shield their savings from the possibility of recession.

Mexican vacation homes turn out to be a great investment, especially in areas like Puerto Vallarta, where the tourists are flocking in record numbers. Puerto Vallarta is undergoing a building boom the likes of which we’ve never seen before. Many new faces are expected in Puerto Vallarta, both as tourists and permanent residents.

Right now, more than 50,000 retirees call Puerto Vallarta home. Many of them live in homes they originally built as Mexican vacation homes, and converted to their full time residence when they stopped working. The property values here have tripled in the past ten years. They’re expected to double in the next five, and people who own property here in Mexico will reap excellent ROI.

The real estate market here favors the buyers right now, but with the coming influx of people, the prices you see today won’t be available for long. By 2015, the population of Puerto Vallarta is expected to increase by nearly 75% over what it is today. Along with this increase will come a shortage of prime properties. Those prime properties are being sold right now to investors who want to take advantage of the coming tourist boom, the rising property values and the low cost of living. (Not to mention that Puerto Vallarta is one of the nicest places on Earth!)

A Mexican vacation home is a great way to protect your investments and provide a comfortable, enjoyable place to relax and unwind. Many people who build Mexican vacation homes choose to rent them out while they’re away, turning them into income generators that can pay for themselves. What’s not to like about that?

If you’re investigating the possibility of building a Mexican vacation home, please contact a Select Mexico Properties sales representative today. We have prime residential properties for sale right now that will allow you to take full advantage of the rising real estate values here in Puerto Vallarta.

Photo Credit: Geoffrey Martell