Real Estate in Mexico, particulary in Puerto Vallarta and Costa Alegre is one of the hottest investment opportunities in the available right now. With the coastal growth that Mexico is experiencing and land cost still comparatively low for beachfront property now is an incredible time to jump into the Mexican market. Remember there is only so much beach front property available especially so close to international airports with infrastructure in place or on it´s way.

According to the local Puerto Vallarta Multiple Listing Service the average price for a condominiium was $196.000usd in 2003. By 2007 it was $351,000usd. The average price for a house in 2003 was $256,000usd and by 2007 it was up to $693,000usd. For the firrst three quarters of 2008 it appears that prices have actually gone up even more which sounds incredible given what has gone in the US. The average sales prices was $375,000usd un 2007, and in 2008 it was more at $387,000usd. Amedian sales price for 2007 was $250,000usdwhile it was onlt $280,000usd in 2008. This is the kind of long term growth that Mexican real estaye can bring to your portafolio. More good news for tose who have invested and taken advantage of the opportunity to own in Mexico.

According to National Associantion Realtors (NAR) Mexico is attractive to secon home buyers from United States and Canada, thanks to the availability of properties near the ocean amd mountains, reasonabel costs of resort properties, and lifestyle considerations.

Thanks to a favorable legal and financial infrastructure, The No. 1 foreign destination for retirees from United States and Canada is Mexico, with over 1 millio American living there.

Text by: CARL TIMOTHY