Up to 80% of the properties purchased in the region are acquired by Mexicans.
Contrary to popular belief, most of real estate buyers in Puerto Vallarta and the Riviera Nayarit are not foreigners, they are Mexicans, who invest in real estate or settle in one of the towns surrounding the bay. This marks a change in the trend that prevailed for the last 8 years, in which people from Canada and the United States, as well as other countries, came to invest massively in the real estate business.
According to the real estate agent and director of sales of Inter-America, Rebeca Ruvalcaba, in recent years “the Mexican has invested here in Vallarta and Bahia de Banderas, because there is confidence in the economy, because the region is experiencing very high growth.”, that´s why they buy properties, “he said to Vallarta Opina during the ‘Open Hause’ of Nautical development in Marina Vallarta, built by the Peninsula firm.
In this same context, Ruvalcaba estimates that 80% of the purchases of luxury properties and apartments in this region are being made by Mexicans, a trend that is positive because it generates an investment spirit among national buyers, who in turn continue to recommend the destination.
The real estate boom in Marina Vallarta has been great in the last 10 years. It has positioned itself as an area of high added value that has demanded the placement of more businesses and condominiums, having an exceptional tranquility, proximity to the sea and space to park yachts and boats.