Select Mexico Properties

According to Javier Bravo Carbajal, the mayor of Puerto Vallarta, public investment in Puerto Vallarta infrastructure this year will top $438 million pesos in 2008. This historic level of investment in public works in Puerto Vallarta is great news for investors who are considering the purchase of a Puerto Vallarta second home.

The investment comes as the result of intensive lobbying of Federal representatives on the part of the city administration. Along with funds for other planned investments, an additional $60 million has been earmarked for the construction of a second tunnel for the Luis Donaldo Colosio Murrieta bypass.

In addition, the Jalisco state budget includes at least $58 million pesos in planned improvements, a number that could rise by another $40 million pesos from the sale of surplus oil. The Jalisco state government will also provide $220 million pesos for the completion of Puerto Vallarta’s Multiple Use Convention Center, which is expected to open in October 2008.

With so much growth and improvement, it’s easy to see why the value of a Puerto Vallarta second home will skyrocket in the next few years. The governments here – city, state and federal – are serious about attracting investment capital. They want to improve the city’s infrastructure for tourists, part-time and new permanent residents. A high priority is expanding Puerto Vallarta’s roadway systems to alleviate congestion and to provide adequate capacity for the influx of residents and tourists.

The government is expecting a sharp increase in the number of people in Puerto Vallarta. Right now, the city’s population is about 350,000 but will jump to 600,000 within the coming decade. Now is the time to consider buying a Puerto Vallarta second home. Buying an existing property is always an option, but you can take better advantage of the significant increase in the value of your investment by purchasing land and building a home here.

Foreign land ownership is both possible and encouraged here. When you work with Select Mexico Properties, you’ll find incredible property values here. You can have an unbelievable ocean-view parcel for just a fraction of what comparable land would cost in the US. In addition, Select Mexico Properties’ residential building sites are located on Mexico’s Pacific Coast in San Pancho, well away from the intense tourist construction in Puerto Vallarta and sheltered from the weather extremes experienced on Mexico’s Atlantic Coast and along the Baja California peninsula.

This is truly a once-in-a-lifetime opportunity. In a short time, this land will have been sold and your opportunity to make the most of these outstanding gains will be lost. If you have been thinking about building a Puerto Vallarta second home, please contact a Select Mexico Properties sales representative today.

Photo Credit: Andrzej Gdula