You don’t have to be a real estate mogul to know that Puerto Vallarta, Banderas Bay, and Riviera Nayarit are experiencing real growth in their property markets. This can be seen in the sudden increase in construction in the areas near Los Muertos Beach and Nuevo Vallarta; developers are cashing in on the region’s growing popularity.
Prices beginning to rise in 2018
Statistics from the AMPI (the official real estate association of Banderas Bay) indicate that the 2018 real estate trends will see properties appreciating further in value, and that in the last year the average closing price has risen by 4%. This is great news if you are already own property in the area, but is a real wake-up call for people looking to invest or get onto the property ladder for the first time.
2018 Real Estate Trends for Banderas Bay
It should come as no shock that Banderas Bay, and in particular Puerto Vallarta, is trending on the vacation and holiday home fronts once more; the area gets fantastic weather pretty much all year round, has some of the most stunning landscapes around, and furthermore is only 3 – 5 hours from home for many Americans and Canadians.
Add to this the fact that this area of Mexico has some of the best amenities and attractions on offer; if you like to fish, to hike, to golf, surf, dance, or party there’s something here for you. From art galleries, theatre, and fine dining to bars, street food, and watersports you can find anything and anything in Banderas Bay, and Puerto Vallarta makes a perfect hub from which to experience it all.
When you look at it that way, there’s really no reason to be shocked by the sudden resurgence of Banderas Bay and Puerto Vallarta as a top destination for holiday-makers, snowbirds, and expats.
2018 Real Estate Trends for Banderas Bay look highly favorable. If you want to buy real estate in Mexico, now is the time!