Why invest in Real Estate in Puerto Vallarta? Ask the international tourist companies; they are the ones who continue to invest millions of dollars in the area. The fact that they are building new hotels, adding new tourist options and infrastructure to the area shows that tourism is very healthy here, and that a Puerto Vallarta beachfront condo is a good buy, to say the least.
An example of this is the Camino Real group, which currently has a budget of between 120 and 150 million dollars to expand in Mexico, with a focus on beach destinations. Of the five chosen destinations, two are Puerto Vallarta and Nuevo Vallarta, a newer suburb of Puerto Vallarta that is a favorite of American and Canadian real estate buyers.
The company also has a five-year plan to expand to places like Sao Paulo, Buenos Aires, Santiago de Chile, Bogota and Panama City in South and Central America, as well as remodel its hotels in Guadalajara, Huatulco and Mexico City. But Vallarta tops the list of major expansions.
Another major beachfront resort company, Barceló, has just invested $12.9 million in remodeling its location in Vallarta. The company also invested heavily in beautifying and maintaining the stretch of beach on this property. Barceló Hotels & Resorts ranks 24th among hotel chains in the world with 184 resorts in 17 countries, totaling more than 47,000 rooms.
Great new hotels! But you want a condo, right? Consider this; For the beachfront condominium market in Puerto Vallarta, this investment demonstrates the confidence that international companies have in investing millions and millions of dollars in this area; they are confident that tourists and visitors will keep coming back, in greater numbers. You, as a condo buyer, can be assured of this very fact.
The funds you invest in your new condo will be protected by the popularity of the area; Popularity and large numbers of tourists means more money will be spent on infrastructure for activities like boating and golf, for services like hospitals and roads, and for conveniences like big international stores, fine restaurants, and shopping malls. Life in Puerto Vallarta will be as good as ever, and it will keep getting better.
For you as a future condo owner, this means living in one of the best beachfront destinations you could choose from; if you choose to resell in the future, you will do so at a place that has it all.
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