Select Mexico Properties

The first quarter economic numbers are out for Mexico, and despite the softness of the US economy, the Mexican economy continues to grow. Analysts had predicted a 2.5% increase in industrial output in Mexico, based on a predicted slowdown in US-bound exports. Instead, industrial output climbed to 5.4%. In comparison, output at US factories fell by 0.5%. The increase in industrial output is translating into higher confidence in the Mexican economy, and improved demand for Mexico real estate.

Construction is playing a big role in the economy right now, thanks in large part to the investment of billions of dollars in infrastructure projects by the government. The Federal government has recently authorized the construction of internal highway systems to connect several major Mexican cities. Public works projects also include several new water treatment facilities in locations around the country, and airport expansions, particularly in areas popular with tourists.

Puerto Vallarta has been the beneficiary of many public works projects. Currently, more than 30 hotel construction projects are in the works, along with several residential complexes, highways, a new water treatment plant, marina and marine terminal improvements, and a convention center. Last month, Puerto Vallarta’s new airport terminal opened for business, as well.

Puerto Vallarta is clearly planning for an increase not only in the tourist population, but also the residential population. The demand for Mexico real estate here is good, and despite an overall buyer’s market, property values are growing steadily, in anticipation of major growth in the region’s population.

Foreign investment in Mexico real estate in Puerto Vallarta is strong. Buyers from Europe, Canada and Asia, armed with strong currencies, are investing in “bargain” properties along the Pacific Coast. Many of these investors will be calling Puerto Vallarta home when they retire, as they take advantage of the lower cost of living and the high quality of life here.

Select Mexico Properties has about 100 gorgeous residential home sites for sale in San Pancho, about 30 minutes north of Puerto Vallarta. Potential investors are attracted to these premium properties because many offer ocean views and ready access to the area’s beaches. If you’re considering an investment in Mexico real estate, please contact a Select Mexico Properties sales representative today and let us show you why you may find an investment in these properties to be one of the best you will ever make!

Photo Credit: Gary Scott