Is Buying Property in Puerto Vallarta a Good Investment?
Let’s talk about and answer perhaps one of the most important questions there is when buying Real Estate, especially when it comes to Puerto Vallarta Real Estate.
When looking to buy property, the first thing on your mind is whether or not it is a good investment. You especially may be wondering if it’s a good investment if you are relocating to a new place or a new country. If you are relocating to Puerto Vallarta, knowing whether it is a good investment is crucial before buying your piece of paradise. And although the simple answer is yes, Puerto Vallarta Real Estate is an incredible investment, it’s important to look at the why and how.
Property values continue to increase in Puerto Vallarta, and it has simply never been a better time to buy Real Estate in the Banderas Bay. With rental potential skyrocketing like never before, due to AirBnb and other property management services and platforms, it is not hard to break even shortly after buying a property in Puerto Vallarta. In what is referred to as high-season, November to April, there is an undeniable spike in visitors and vacationers, both National and International. During this time, we see an incredible increase in rental demand, with Airbnb’s and other rentals completely booked for the whole season. As Puerto Vallarta fills up, so do the rentals, for a high price compared to the rest of the year. This being said, there is an undeniably easy return on investment, and homeowners are continuously seeing that their precious pieces of paradise not only pay for themselves, but also generate extremely positive income.
In terms of rental potential, there are a few options. For starters, many folks in Puerto Vallarta do not live here year-round. When they leave for a few months or so, they often rent their property out, whether it be short or long term. Others have two properties, one they call home and live in year-round, and the other they use for income purposes via rentals. Many times, rental income not only pays for the cost of the rental property but also costs of other properties.
Aside from rental potential, we continue to see an increase in property prices as Puerto Vallarta becomes an increasingly desirable relocation destination. Over the past 10 years, Puerto Vallarta has undergone significant changes that have really put it on the map as one of Mexico’s most popular vacation destinations. Safe, clean, and full of culture, Puerto Vallarta is one of the top 3 places to visit in all of Mexico. With international relocation becoming increasingly popular after the COVID19 lockdowns, Americans and Canadians especially are moving down to Puerto Vallarta by the dozen. This trend shows no sign of slowing down, meaning that property values will only continue to rise. A property you buy today for X amount of money will be worth double if not triple in a few years time. Because of the increasing property values in Puerto Vallarta Real Estate, buying a home in this coastal city has never been a better investment.
Whether you choose to live full-time or rent out your vacation home in Puerto Vallarta when not in use, you can rest assured that your property is a good investment that will over time generate an income. Buying real estate in Puerto Vallarta is an incredible investment that generates an impressive income, some over time and some immediately. It has never been a better time to buy in Puerto Vallarta, where the Real Estate market is simply on fire! Start your search today, only with Lola White of Coldwell Banker La Costa!