Puerto Vallarta, Mexico – The beginning of a new year is always a time for resolutions, and if you’ve promised to put extra attention to your real estate portfolio in 2022, you’re on the right track. The real estate market has been booming throughout North America, but in Puerto Vallarta in particular, home sales have been extraordinary since the recovery period beginning in Summer 2020 and throughout 2021, with no sign of stopping.
Here are a few reasons why investing in Puerto Vallarta is a savvy move this year.
1) Huge rental potential. 2020 changed the way people want to travel, with more and more travelers looking to vacation rental properties, rather than large, busy resorts. Many investors, particularly in the condominium market, are seeing vacation rental income offset the costs of ownership, meaning your vacation property can help pay for itself.
2) The appeal of Mexico as a tourism destination. Americans and Canadians are looking to Mexico to escape the unusually cold weather in the north, and Mexico offers a safe and welcome destination with easy to navigate travel regulations.
3) Testing is a breeze. A very 2020’s statement when regard to travel, for certain, but with a multitude of testing labs available offering fast tests at affordable prices, pre-flight requirements are simple, making Puerto Vallarta a top choice for travelers.
4) Affordability. With housing prices reaching record highs in many parts of the USA and Canada, many homeowners are finding that they can simply apply the home equity gained from their primary residence to purchase a vacation home in Puerto Vallarta, meaning no mortgage or borrowing at low locked-in lending rates.
If you would like to learn more about the best neighborhood for real estate investment in Puerto Vallarta, contact one of our expert agents today.
Since 1997, Wayne Franklin and his team at Tropicasa Realty have been a trusted name in Puerto Vallarta real estate. Tropicasa Realty is the region’s representative for “The Leading Agents of the World” and with over 100 years of combined experience in real estate, all agents of the company are affiliated with AMPI. Wayne Franklin or any member of his knowledgeable team can be contacted in-person at their Romantic Zone Office – Pulpito 145-A at Olas Altas. While in PV they can be reached at (322) 222-6505 or by calling 866-978-5539 (Toll-Free) from the U.S.