Price of Land in and around Vallarta Rose 500% in Five Years
Price of Land in and around Vallarta Rose 500% in Five Years
If you ever considered buying property in Puerto Vallarta, our strong suggestion to you is don't put it off much longer! To say Vallarta and the entire Bay of Banderas where it is located is experiencing a real estate boom would be wildly understating what is going on.
No matter where one looks construction of condominiums, villas, shopping centers and just about everything else is happening at a feverish pace — as if much of the world realized simultaneously what a great place this is to live! In modest neighborhoods, every available lot is being bought up and homes are rising a floor or two. In more desirable neighborhoods, high rises and incredibly sophisticated homes and villas are dotting the landscape. While a million pesos (about $100,000 USD) may buy a hectare (2.47 acres) of land in the valley, on the water or the mountain with an ocean view the same size lot can easily bring a million dollars.
Even outside the bay, as far north as San Blas, prices have simply gone through the roof. But take heart. Along with homes costing well over $10 million USD, one can still find homes priced at under $100,000 USD in a wide range of spectacular settings.
If you ever considered buying property in Puerto Vallarta, our strong suggestion to you is don't put it off much longer! To say Vallarta and the entire Bay of Banderas where it is located is experiencing a real estate boom would be wildly understating what is going on.
No matter where one looks construction of condominiums, villas, shopping centers and just about everything else is happening at a feverish pace — as if much of the world realized simultaneously what a great place this is to live! In modest neighborhoods, every available lot is being bought up and homes are rising a floor or two. In more desirable neighborhoods, high rises and incredibly sophisticated homes and villas are dotting the landscape. While a million pesos (about $100,000 USD) may buy a hectare (2.47 acres) of land in the valley, on the water or the mountain with an ocean view the same size lot can easily bring a million dollars.
Even outside the bay, as far north as San Blas, prices have simply gone through the roof. But take heart. Along with homes costing well over $10 million USD, one can still find homes priced at under $100,000 USD in a wide range of spectacular settings.
posted by La Punta Realty at 3:12:00 PM
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