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Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Weaker Pesos Attracts More Tourists

More Rental Inventory in Puerto Vallarta?

The weaker peso is attracting more visitors. They are enjoying our temperate weather and lower prices for food and lodging. The increased ¨snow bird¨ population is putting pressure on restaurants and hotels to hire more staff. In some cases, these businesses are offering higher wages for the next 3-4 months to entice dental and medical assistants and other young workers away from their jobs. If we have more than 500 new condos being built in Zona Romantica, the concern about demand is still on the table. 

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Impact of currency exchange on property sales and rentals

How the Weak Mexican Peso Affects You

A weaker peso will attract more visitors this winter. They are enjoying our temperate weather and lower prices for food and lodging. The increased ¨snow bird¨ population is putting pressure on restaurants and hotels to hire more staff. With more than 500 new condos being sold and completed, the question of continued demand is still on the table.  So far, the pre-construction sales reported are encouraging.  If the peso continues to be 20 to the US dollar, we can experience more rental demand.

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Rental Income and Taxes

REALITY CHECK: Real Estate & Taxes in Puerto Vallarta & Nayarit

We are coming out of our best year for volume of sales transactions since 2008.  The most popular properties are new condo projects throughout the Bay. The location of the majority of these sales has been inside Puerto Vallarta in the Old Town Romantic Zone and the South Shore. We are seeing buyers also looking for homes in higher price ranges than times past. Up until this point, we had seen increases in luxury rentals in place of large demand for purchase of luxury villas.

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