Thank you very much, very interesting. Lot of information about the positive and negative aspects of the investment. the case study helps and the figures are very clear and conservative
Well balanced video. We have two houses in PV and love them. Traditional houses are much more cost effective. Taxes on rental income would have a significant impact as well as capital gains. We live here for the lifestyle and love it. Thanks for the detailed video!
One area you can assess is El Caloso and surrounding colonias. This was a rough area of town, but is changing quickly and is close to the romantic zone. Decent upside here if you buy the right house.
Good coverage of the PVR market. I would just say a few things about Nayarit. San Pancho is as expensive as Sayulita and all the good property has been developed on. Lo De Marcos doesn't have the hippie boho culture of San Pancho and Sayulita. Mostly older retirees so I don't think it can compete with them. Best place to invest now is between Punta Mita and Sayulita. That corridor is not developed yet but will be in the next five years.
I wonder, how many people purchased a place in Mexico, that borrowed against their home in US and Canada to be able to pay cash? Now, though, they have to refinance that mortgage at higher rates? Be interesting if those stats were available?
This discussion is centered on the most in demand high life part of PV. The numbers vary massively depending on the neighborhood. The suburbs residential neighborhoods are much more affordable, safe, and there is ample inventory. Keep an open mind!
@@TheWanderingInvestor Isn't CaboSan Lucas even worse? I'd be curious to see your take on that place but tbh I feel it'd be a total waste of your time.
Super helpful video. Subscribed! Looking to invest in Puerto Vallarta, Tulum, Playa Del Carmen, or Puerto Escondido. I'll be digging into your resources!
I have been there and I liked it and it looks like a retirement heaven for North Americans. There are beachfront condominiums full with Americans and in the restaurants on the beach there they speak to you in english. So if you don't mind the money it could be a good place to retire. Certainly also something for Digital Nomads but rather for short term visits.
Whenever someone compares things especially real-estate to the past 3 years, I personally think they are off.. The pandemic was a special time that was highly unusual. It makes me think they are trying to sell me a dream..
@@tw4943 Can you please be more specific about the information that you think they got wrong? I am really interested in PV as a retirement destination and it would be helpful to know those details. Thank you for any information.
@@TheWanderingInvestor what kind of lifestyle is that with that view? I would feel like a loser if I woke up and saw it every day I can feel like a loser for a small fraction of that money in most places
@@Kotiara123 then go somewhere else. The point is there is a strong market for it. For you & I? No. For many other people? Yes. PV is a big destination.
Great video. I am far from investing abroad but as someone living in Toronto I would not mind getting out ! I learnt a lot from this video and the agent was great. Subscribed!
Thank you for the video. I live in this region since 4 years, and I also work in real estate. For me there are better zones now in the area, where you can make a better deal. But I agree that Zona Romantica will be always almost rented out.
@@y2vvilliam it’s all in the article: thewanderinginvestor.com/international-real-estate/full-guide-to-making-a-real-estate-investment-in-puerto-vallarta/
am I glad that I invested in Puerto Vallarta 14 years ago. I bought dir cheap. Probably a few more years for up trend. I see a lot more bumps moving in too. Maybe its time for me to exit.
What about investing in property around the Aijiic and Lake Chapala areas where there is also a large expat community? The weather is milder and purchasing a property with a trust is not necessary there? Also what about San Miguel de Allende?
For the people talking about the very high price of this apartment. PV is on the pacific coast and attracts many Californians . Its close to California by flight. People from California don't see $500k as a large amount to spend on real estate. Canadians also don't feel that $500K is a large amount to spend on real estate.
@@TheWanderingInvestor No doubt. So why PV? What was different? I was in Mex this year (CDMX tour to Cancun). Message I got was they locked everyone up, masks etc and vxes etc
Mexico was completely Open "All Through The Lockdown" without any vax paperwork and without any testing. It was very very refreshing and established Mexico as a top travel destination. Their tourism numbers moved ahead of Thailand.
We are approaching the Golden Age Mexico knows what's going on the most with all the colorful buildings everything is frequencies and vibration just the colors alone change can heal a person change their moods and expand their consciousness the even understand that with the church bells and the church organs that they use a lot more often than North America that's why the vibration is always higher down there we need to think in terms of frequencies and vibration we are co-creators of the planet through meditation we can change the world just need to look at the positive all the time I'm looking at investing down there as well coming from Ontario I can't take the gray and brown subdivisions and extremely high prices my intuition is guiding me down there thank you for this wonderful video
You said there is little downside Take a look at Acapulco which is a bit further south. This was a dream holiday destination for decades and suddenly became a hotbed of nacro violence where it's unsafe for anyone to visit Also, even if people are buying in cash, if there is an economic downturn and homeowners have liabilities in other markets - they are likely to sell their international properties to sure up their portfolio in their home market
Thanks for highlighting the Acapulco-like risk. As for the cash market element, I don’t say prices can’t go down, but they would go down much slower not as hard as in a market with a lot of leverage.
2500$ for that Apt per month is way over priced i would like to see proof that hes renting them for 2500$ i have seen property 2ber 2bath for 1200-1400 a month in PV
$2,500/mo for that place? What a rip! Not even on the beach. Only gringos paying that. That's why I stay out of the tourist trap cities. Much better investment opportunities in MZT if you want to invest in a beach city/vacation destination.
my friend bought a 2-bedroom in PV for $50K (of course not a gringo condo) but a home where locals live. These condos are massively overpriced to rob ignorant gringos.
