Select Mexico Properties

With the US looking a recession square in the eye, is it even wise to consider purchasing a Puerto Vallarta second home? Let’s consider that question.

The Mexican economy shows no sign of slowdown. Industrial investments are high, and output is also high. First quarter 2008 numbers are in and they look good, despite the woes of the US. The central bank in Mexico is predicted to make two rate cuts this year to offset the impact of American economic ills here in Mexico. The annual inflation rate is 4.25 percent, one-quarter percent higher than the central bank would like it to be. Despite that, the economy is expected to grow by 3 percent, following last year’s 3.3 percent growth rate. Auto production increased in the first quarter in Mexico and the foreign investment outlook is positive.

Experts expect that Mexico will be affected by the downturn in the US economy, but the impact will not be disruptive. Investors who are considering a Puerto Vallarta second home will be in a good position to take advantage of the state of the market in Puerto Vallarta, as well as overall growth in areas like tourism. The Federal and state governments are positioning the real estate markets to remain attractive to foreign investors by funding massive infrastructure projects like highways, hospitals and airports.

Investors will find few better potentials than a Puerto Vallarta second home. Now is definitely the time to buy. The supply of real estate in Puerto Vallarta is high, but properties are being sold at a significant rate. Many Canadians, Europeans and Asians are purchasing Puerto Vallarta second homes, and in the long term, will realize strong gains on their investments.

Because the property supply is high right now, you can find gorgeous building sites for a fraction of what comparable sites in the US or Canada would cost. You’ll never find properties like these selling at these prices again. If you’re looking for a Puerto Vallarta second home, please contact a Select Mexico Properties sales representative today and let us show you how to take advantage of the real estate market here in Puerto Vallarta.