Select Mexico Properties

Luxury coastal property, which is always in high demand, will be even more sought-after following the recent announcement of the creation of a tourist corridor along the Nayarit Pacific coast. The tourist corridor will stretch from Puerto Vallarta north to San Blas, and will feature the construction of no less than eight hotels, shopping, tourist attractions, specialty “boutique hotels” and more. The first hotels will also offer visitors direct access to nearly 3 km of Nayarit’s sandy beaches.

This is excellent news for homeowners in Nayarit, in the newly created tourist corridor. The land values for luxury coastal property appreciate at a steady rate, but Nayarit’s status as a largely undeveloped area makes luxury coastal property here even more desirable.

For investors who do not own luxury coastal property in Nayarit, but who want to take advantage of the opportunity the tourist corridor offers, the time to act is now. Land prices are well within reason for luxury coastal property along the Pacific coast, and the cost of building a luxury Puerto Vallarta home is significantly lower than the cost of building a comparable home in other luxury markets in the US.

The creation of the tourist corridor ensures that Nayarit’s economy will be able to take advantage of the shift in Mexico’s economic strategy, which calls for the replacement of oil revenues with tourist dollars. Nayarit will have time to establish the tourist corridor before the shift away from oil revenues occurs.

Nayarit has some natural advantages, which make its luxury coastal property even more attractive. Unlike established tourist destinations like Baja California, which are located in the desert, Nayarit is a lush jungle with dense natural forestation. The temperatures here are not as extreme as they are in other locations, making Nayarit suitable for hosting tourists year-round.

If you’re interested in learning more about the opportunity to own luxury coastal property in Nayarit, please don’t wait! Contact a Select Mexico Properties sales representative today.

Photo Credit: Christian Frausto Bernal