It’s the time of year for resolutions, and for many people, getting out of the office and enjoying more
vacation time with family and friends is high on the list of priorities. However, there has never been a better time to make that a resolution for life, not just for 2017, by purchasing a vacation home in Puerto Vallarta. We have 3 compelling reasons why 2017 is the year to buy a home in Mexico.
1. The strong US Dollar. The American dollar continues to dominate over the peso at record levels, meaning that the Puerto Vallarta real estate market now offers unprecedented value to American buyers. Canadians also enjoy a favorable exchange over the Mexican peso, but with the Canadian dollar trading around $1.35 on the USD, owning a vacation home in Puerto Vallarta is an excellent value compared to American sunshine destinations like Hawaii or California.
2. The rise of the sharing economy. Vacation rental sites like VRBO and Airbnb have changed the travel industry, as vacationers move away from traditional hotel and resort stays in favor of renting private homes and condos in Puerto Vallarta. For owners, this presents an incredible opportunity to maximize the return on their real estate investment in Mexico through rental income. In fact, many homeowners can completely offset the cost of their Puerto Vallarta property through rental income.
3. A buyer’s market. Development is booming in Puerto Vallarta with the construction of innovative new properties like Pier 57 and The Summit, which are changing real estate in Puerto Vallarta. There has never been a wider array of properties suited to every lifestyle need available.
In 2017, resolve to make a both a financial and lifestyle investment in Puerto Vallarta. Contact your Tropicasa real estate agent to find your dream home in Mexico today! Click here for more about the Puerto Vallarta real estate market with Tropicasa Realty.