Select Mexico Properties

For many years, buying real estate was thought to be the smartest investment a person could make. After all, real estate didn’t lose value. Even when other investments were faltering, real estate could be counted on to produce a steady return. Lately, that doesn’t seem to be the case. Except in Mexico, where real estate is still a good deal, and investment properties are performing well.

Everywhere in the US, real estate – even luxury real estate – is suffering. Some communities are reporting double-digit drops in property values, and municipalities are now figuring out how to cope with shrinking tax revenues caused by lower property values. In Mexico, that’s not true. It’s especially untrue in areas like Puerto Vallarta, where property values have enjoyed double-digit gains for the past several years, and expect to produce double-digit gains for the next several years.

Investment properties provide a return on more than one level: traditionally, the increase in the property’s value was considered its return. In a place like Puerto Vallarta, an investment property like a luxury hillside home will not only rapidly appreciate in value, it can also be used as an income property. Many part-time owners choose to rent out their vacation homes during those times when they’re not using it.

Prime luxury properties can rent for hundreds or thousands of dollars per day. Absent owners can hire a caretaking staff to provide meals, housekeeping and laundry service to the guests, the costs for which can be rolled into the rental fee. Within a few years, a luxury property can virtually pay for itself.

Real estate is still a good investment, as long as you’re investing in the right market. Right now, the investment properties in North America are in Mexico, and Puerto Vallarta happens to be one of the most promising real estate markets in the country. If you would like to learn more about investment properties, and how you can take advantage of the opportunities available in Mexican real estate, please contact a Select Mexico Properties sales representative today. Let us show you how to put Puerto Vallarta investment properties to work for you!