Puerto Vallarta. Isolated from the rest of the world by the ocean, rugged sierra and American river. With silver mines and salt in the towns of Cuale, San Sebastian and Mascota, Puerto Vallarta was a secret hideaway waiting to be discovered.

From a quaint little fishing village in the 1920s with barely 2,000 inhabitants, Puerto Vallarta real estate was not the booming market we know today.

There was one road that connected Vallarta to the outside world and this dirt track was abandoned during the rainy season.

It is still possible to have a new home under $150k and live a slower lifestyle with the gentle Mexicn people and slower pace. In my region of the Riviera Maya, things have picked up and its been booming for 5 years with tourists

If you want to rent or buy your own property, get familiar with the Puerto Vallarta real estate market so you’ll know what areas have the best properties and the most attractions. If you want a quiet location, you may want to consider choosing a property in a more secluded area. The property you purchase will depend greatly on your own personal preferences; there is no perfect property that will make everyone who wants to get involved in the Mexico real estate market completely happy.

If you need help searching for potential properties, you can enlist the help of a qualified Mexico realtor. He or she can help you figure out what kind of property you would like to rent or purchase and then help you find properties matching your needs.

Investing in the Puerto Vallarta real estate market is different than purchasing your own home for personal use. There are many types of investment properties available from condos to villas and even commercial property sales. The key to successfully investing in this market is to find out what you are looking for in an investment property and then viewing properties that match these carefully chosen details.

If you want to purchase the property, make repairs, redecorate, and then sell it for a profit, you’ll want something that is structurally sound and needs only minor repairs. Some fresh paint and updated fabrics can make all the difference in the world when showing a property to potential buyers. If you intend to keep the property in your investment portfolio and use it as a rental property, you’ll need to purchase a property that will be in demand by vacationers or local residents.

You’ll also need to familiarize yourself with the rules of being a landlord in Puerto Vallarta to make sure your property remains an investment and not a nightmare. Whether you choose to make your home there or simply invest in a property, the Puerto Vallarta real estate market has something to offer for everyone.

Your beachfront Puerto Vallarta property in Mexico is within your reach. Check out the listings of Puerto Vallarta Real Estate, Cancun Real Estate and Playa del Carmen Real Estate, Puerto Vallarta Property and Cancun Real Estate for insight into this booming market.

Tom Budniak operates, owns, and manages Realty Executives Vallarta here in Puerto Vallarta, Mexico. Tom’s office is considered by many in the industry to be the top office in Puerto Vallarta. Tom, from Realty Executives Vallarta and Mexican Caribbean is a Certified Member of RMRE and MLS 4 Riviera Maya. Check out all of the resources available through Tom and Realty Executives Vallarta.

Author: Tom Budniak

This certification ensures the cleanliness, safety and environmental protection of the the beaches,  with ongoing cleanliness and protection.  The certification increases the competitiveness of Puerto Vallarta real estate within the Mexico beachfront market.  So far only eight beaches have been certified in Mexico, and two of these are in Puerto Vallarta, making the Puerto Vallarta Real Estate region one of only five areas that have received this special distinction.

The two beaches are “Garza Blanca” and “Los Camarones,” and the city invested weeks of intensive work to comply with  the 60 conditions of the new program.  A large amount of work and dedication was required to obtain the certification.  While Puerto Vallarta’s beaches were already very clean, the certification has purposely been made very difficult to obtain – a fact which speaks even more for Puerto Vallarta’s accomplishment.  The effort will be on-going, in order to maintain the certification.  Besides this effort the city is also planning to improve signs, access for people with disabilities, implement educational measures and public awareness for care of the environment.

In Puerto Vallarta looks are not deceiving; the luxury you see is real, and the beautiful, clean beaches have been certified to be free of pollution and to meet the highest level of safety.  If you are considering buying beachfront, why not buy in a place that is guaranteed to have the best beaches around?

TOPMexicoRealEstate NETWORK; Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

To boost investor’s confidence, Mexican government recently announced “Vive Mexico” initiative. The initiate is aimed at Tourism industry which means that any upward trend in the inflow of tourists will have many spinoffs. First of all the Mexico Real Estate will benefit directly and subsequently local economy will bounce back.

So what exactly is “Vive Mexico ?”
It’s a $90 million campaign to revive Mexico ’s tourism industry, which has suffered as a result of the swine flu outbreak.

President Felipe Calderon Monday in Mexico City announced the new campaign, called “Vive Mexico” (Long Live Mexico). Many Mexican celebrities joined in the effort to revive the badly hit Mexico industry. The Mexican President said Vive Mexico campaign is not just a promotional campaign, but a national movement calling for the participation of all Mexican citizens. Many celebrities, like Spanish tenor Placido Domingo, Mexican actor Diego Luna and Mexican football player Rafael Marquez, are expected to take part in the campaign to draw tourists back to Mexico.

The funds allotted to campaign will be used to promote Mexico as a premier tourist destination with unparalleled attractions, locations and beauty. The campaign will mainly target Mexico as a tourist destination in North Americas, Europe and rest of the world. All channels of media like radio, television, print etc will be utilized to carry forth the message of the program. Also, celebrities will be used imaginatively to educate the world about Mexico and its rich culture.

The campaign will aim at boosting tourism this summer season. For the Puerto Vallarta real estate this means that tourism, a major contributor to the real estate market here, will benefit a lot. As tourism recovers, all sections of the economy will ne injected with new breathe of life.

So all potential investors are advised to consider all these factors wisely before investing in real estate.

Your beachfront real estate in Puerto Vallarta is within your reach. Check out the property listings of Puerto Vallarta, plan correctly to Finance Puerto Vallarta Homes and Condos, and plan for a beautiful future today. Contact Tom Budniak for insight into this booming market.

Author: Tom Budniak

With the incredibly fine winter climate, proximity to the US and Canada, and the amenities offered, Puerto Vallarta, Mexico has long been recognized as a great resort destination as well as retirement haven for North Americans.

Beginning early in the 21st century, Vallarta, as with many other resort destinations, began an explosive period of growth. Developers from around the world flocked to Vallarta in order to cash in on the baby boomer retirement plans. Within a short period of time, most of the finest beach front and hillside properties were snatched up and planning began in earnest. Tower cranes were erected, dotting the skyline throughout the city, and construction workers from neighboring states rushed to the area for employment.

As soon as the above projects were announced, the developers threw up beautiful sales offices and prepared for the land rush. These nice, spacious, air conditioned offices typically had comfortable lounge areas with new furnishings, pretty magazines, sometimes piped in music and perhaps a few free margaritas. They were typically staffed with English speaking, well dressed, experienced, professional sales personnel. Most of these new offices had multiple sales cubicles with the capability of negotiating two or three contracts at a time; some even had counters where the buyers could get in line to wait their turn for such a unique opportunity to own a piece of Paradise. Granted, it never quite reached the point that it did in Florida, where they were holding lotteries and drawing lucky buyer numbers out of a hat!

During the first few years of the decade, the North Americans were grabbing up the new condos at such a torrid pace that many of the construction projects were 30%, or more, sold out before they even broke ground. Pre-construction pricing of 10-20% off their suggested list price was frequently offered to owners of condos previously built by the developer. After all, these privileged speculators had earned the right to have the first chance to scoop up the most desirable condos at what seemed to be reasonable prices; few could afford to pass up such a no-brainer investment opportunity!

Meanwhile, as the tower cranes started whirling around and the thousands of construction workers, looking like a huge colony of ants, began their construction, the beautiful buildings started coming to reality. Money was flying in every direction and it seemed as though everyone that came to town had an extra half a million dollars to spare for their retirement dream residence. Of course, during those years, re-financing and second mortgages on North American real estate with highly inflated values was commonplace; the herd had a feeling of easy money and never ending wealth!

With the herd of somewhat naive buyers in town, the question was never whether or not they should buy a condo; it was which condo they should buy. They were virtually knocking down every real estate office door in town (approximately 80 in the area at its peak!); it was definitely a seller’s market. The developers would usually negotiate 5-10% off list price in order to give the buyer a sense of satisfaction that they had received a good deal, still leaving the developer with a substantial profit margin; everyone was happy as the good times rolled on!

By the middle of the decade, the local real estate market was humming on all cylinders and new projects were being announced almost daily. The Mexican Tourism Board announced plans for developing a new 20 mile stretch of beaches north of Vallarta and planning was underway for another 20,000 new condos. Obviously, as long as the stampede continued, they would continue building and prices would continue to escalate, resulting in a tripling of real estate values during a short 7 year period of time, i.e. the old rule of supply and demand was in full force; keep coming and we’ll keep building!

Well, as always happens, a global recession hit in 2008. However, this time it was much deeper than most had ever experienced, severely impacting the PV real estate market as the demand virtually disappeared overnight. Developers and speculators were left holding thousands of new unsold condos creating the greatest buyer’s market ever experienced in this part of the world, i.e. the supply (glut) of new condos far outnumbers the demand. Consequently, the developers and speculators are on their knees just trying to recover their costs, often discounting by 30% or more while many of those fancy real estate offices in PV were forced to close and those remaining open are doing so on shoestring budgets and reduced staffs.

The herd mentality has been clearly demonstrated on a daily basis for a number of years all over the Vallarta area and is still in play, except now the buyers are all following each other in the opposite direction; postponing purchases until someday in the future when the economy is more certain, i.e. until the coast is clear. The masses seem to feel a sense of urgency to purchase when their peers are doing so and feel no sense of urgency to purchase when prices are at the lowest levels possible. During the past year, it has been absolutely amazing to see the herd of what appear to be intelligent, educated buyers walking away from once in a life time opportunities because there’s no line up of buyers. It’s as though everyone’s afraid to be a contrarian; consequently, they’ll end up buying later at a higher price.

Buying into a given real estate market is essentially the same as buying into the stock market. Why does the herd always insist on buying high and selling low? The developers are never going to sell below their cost and current prices are as low as they’ll ever be; bargain opportunities are everywhere but once they are recognized and scooped up by the savvy buyers, the prices will surely start escalating again.

We thank our lucky stars for having bought a villa in PV twelve years ago (before it was the in-thing to do) and have seen it more than triple in value. Of course, anyone buying today at these severely depressed prices could realize a short term gain of 50% (or more) on their investment, if and when the economy ever recovers. However, knowing the way the herd mentality reacts, the majority of buyers probably won’t return to the table until it’s too late to take advantage of the current situation with its tremendous real estate values.

Are there any contrarians out there? Are there any retirees or about-to-be retirees that have any money (or credit) left? If so, you’ll never find a better time to take advantage of a seriously depressed and overbuilt real estate market. Pack your bags and come on down for a week of fun in the sun this winter and check out the phenomenal opportunities that await you in Puerto Vallarta. With the current availability of mortgages in Mexico, this is a rare opportunity to buy low and perhaps someday in the future, sell high; it’s a great concept! Disregard what the herd is doing and remember just one thing; they’re usually wrong!

(Please see Puerto Vallarta PHOTO GALLERY)

Mexico has many things going for it, when I moved here 8 years ago things were slow and 3rd world behind but today its evolving quickly and become a cool place to live in part or full time.

I settled with my family on the South East coast of Mexico for many reasons, the weather, the beaches the warm water of the Caribbean and mostly, the people are slow and easy to live with. My kids now 12 and pushing 20 love the schools and social life and yes they speak Spanish fluently, I on the other hand only speak 30%.

There is so much to do on the East coast and we get over 6 million tourists a year especially when snow is North many will be here escaping the winter or high taxes and expenses.

As a real estate agent I have seen huge development over the last 5 years, to call it a boom is correct but one can still find a new modern home for under $150k close to all modern shopping malls cinemas or the beach.

Living or retiring in Mexico is a great move. Super new hospitals and low medical expenses. Low taxes, low costs, a slower easier pace of life.

Real estate investing does well for many people who see the boom and demand for new homes villas or condos and we still have low costs and land costs. I build both homes and condos for offshore investors and they are happy with double digit returns and no risk. www.primeinvestmentrealty.com

Many Americans, Canadians, Europeans have moved here in the last few years either full or part time as they own a vacation home or villa and rent it out when back North. I lately heard 7 million now in Mexico and increasing with popularity.

For those of you ready to move to a warmer slower pace of life I will be glad to assist with your move if you want a condo home or villa near or on the beach in Paradise.

www.playacondorealty.com

Dave is retired but always active with real estate in this part of the world.

davereinvest@gmail.com

The very first step you’ll need to take, however, is reviewing land for sale in Mexico so that you can pick the very best parcel for building and using for entertainment and recreation. There are many different things to consider when choosing a piece of land for sale in Mexico and knowing what to look for will help to save you time and may prevent you from wasting money on an investment that is unsound.

The first thing you need to do when choosing a piece of land in the Puerto Vallarta real estate market is think about the size of the parcel you want to purchase. If you want to build a modest vacation home, you probably won’t need very much land. Just purchase enough for your home and leave some room for outdoor entertaining and recreation and you should be able to build the perfect vacation property. If you want a more luxurious home with a lot of outdoor space, the size of the parcel you purchase should be larger than if you had no plans for using a lot of outdoor space. This will give you the opportunity to have a lot of guests and be able to allow them to enjoy the beauty of your property. Before you make your final purchasing decision, you’ll need to make sure there are no ownership issues with the land you want to buy and you’ll also want to make sure there are no outstanding debts that you can be held responsible for. After all, you’re purchasing this land for sale in Mexico so you can create a less frustrating life for yourself in Puerto Vallarta.

Your beachfront property in Mexico is within your reach. Check out the listings of Playa del Carmen Real Estate, Puerto Vallarta Property and Cancun Real Estate for insight into this booming market. Contact Tom Budniak for the best deals in Mexican Property.

Tom Budniak operates, owns, and manages Realty Executives Vallarta here in Puerto Vallarta, Mexico. Tom’s office is considered by many in the industry to be the top office in Puerto Vallarta. Tom, from Realty Executives Mexican Caribbean is a Certified Member of RMRE and MLS 4 Riviera Maya. Check out all of the resources available through Tom and Realty Executives Vallarta.

Author: Tom Budniak