Select Mexico Properties

If you’re looking for a vacation home right now, you’ll have your pick. Sales of second homes are better than they’ve ever been. Why? The price of real estate has dropped. Visit any major retirement destination in the US, and the local real estate agents will all tell you the same thing: prices are coming down, homes are staying on the market longer and people are not seeing as much return on their investments. While deals on US real estate are good, you might consider investing your money in a Mexican vacation home instead.

I was listening to the radio just yesterday, and the newscaster said that property values had dropped by 50 percent in one area in Florida. That’s a tough pill to swallow if you’re a homeowner, but it means great deals for people who are looking for a second home. It also means that the buyers in this market may be in for a long wait to recover the cost of their investment. Some experts are predicting that US property values won’t recover for as much as a decade.

On the other hand, if you build a Mexican vacation home in Puerto Vallarta, you could be looking at double digit property value increases for the next five years or more. That sounds like a much better investment! Don’t buy a vacation home just because it’s cheap. Cheap won’t do you much good if the property isn’t also in a position to appreciate. Buy vacation real estate because it has the potential to increase its value substantially and help you recover the cost of its purchase.

A Mexican vacation home in Puerto Vallarta has the potential to do just that. Puerto Vallarta has a lot going for it right now. First, the price of ocean-front residential building sites is far lower here than it is in other areas along the Pacific Coast. Mexico strictly limits the amount of coastline eligible for foreign ownership, so Select Mexico Properties’ ultra-desirable-yet-still-affordable real estate will sell quickly.

Second, the property here has the real potential to double in value in the next five years. Currently, Puerto Vallarta’s population is about 350,000, but it’s expected to jump to 600,000 by 2015. Housing will become a major expense in Puerto Vallarta, and those who own prime real estate will benefit the most.

Third, people who live in Mexican vacation homes will enjoy a high quality of life here. You’ll find low health care costs, low cost of living and high quality services. You can’t say that about US retirement destinations! If you’re serious about investing in vacation property, please take a look at Select Mexico Properties offerings. You won’t find a better site in the Puerto Vallarta area to build a Mexican vacation home!