Select Mexico Properties

For people who are planning their retirement, these are indeed troubled times. Instability in multiple key market sectors is making people nervous. Despite the fact that more than 55% of soon-to-be retired individuals are worried about the safety of their retirement investments, one-third of people in the same group say that they expect to maintain their current spending after retirement.

The data show that most Americans aren’t saving enough and receiving enough in investment returns to maintain a retirement lifestyle that’s essentially unchanged from their pre-retirement days. As a result, analysts estimate that a significant number of retirees will outlive their retirement savings. Retirees and the soon-to-be retired are looking for strategies that will produce income and reduce spending after retirement to levels that complement their retirement savings.

Despite market conditions, there are some investments that are doing just that. One such investment can be found in Puerto Vallarta real estate. The price of Puerto Vallarta real estate is low when compared to other Pacific coast communities. In addition to low land prices, the cost of constructing a private residence in Puerto Vallarta is likewise very affordable.

Puerto Vallarta has a climate that is similar to Hawaii and receives about 300 days of sunshine per year. The quality of life in Puerto Vallarta is relatively high. People who choose to retire in Puerto Vallarta have access to high quality medical and dental care, affordable prescription drugs, clean municipal drinking water, high quality food, low taxes and find it very easy to reduce spending after retirement.

With Puerto Vallarta real estate, investors usually apply one of two strategies to generate added income. Some investors choose to build a “spec home” and sell it when it is finished. The price of existing luxury homes is climbing quickly and individuals can take advantage of a sharp increase in valuation for a newly completed home.

Other investors choose to build a luxury home in Puerto Vallarta and live there part-time or full-time after retirement to take advantage of the low cost of living and high quality of life. With either approach, the potential for profit is high. The Puerto Vallarta real estate market is hot and is expected to remain so for several years. If you would like more information about how you can benefit from the strong Puerto Vallarta real estate market, please contact a Select Mexico Properties sales representative today!

Photo Credit: Marja Flick-Buijs