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You Should Go To Puerto Vallarta

Did you know that Puerto Vallarta is tucked away in the middle of the Bay of Banderas, in the Mexican pacific coast? There you will find a gorgeous tourist town rapidly becoming one of the most popular holiday spots in the world. I didn?t know that Puerto Vallarta is reported to be the most repeated holiday destinations on earth. By that, they mean that more people return here for a second, third or more holidays than any other place they go.

Puerto Vallarta is alive with a buzz of international tourism, drawing huge numbers from the US and Canada as well as a growing European influx. Entering from the north you pass the airport and the first area of interest you will come across is the Marina. The area got its name, most obviously because it is built around docking facilities for thousands of boats of all descriptions from canoes, kayaks and jets skis to tour boats and multi-million dollar yachts. Continuing along highway 200, now narrowed to the main street, you enter the Hotel Zone. This area of course is where you find a lot of hotels, many familiar American names and some Puerto Vallarta Condos. The beach here is gorgeous and you will find some great dining.

Cross over the bridge and you enter Centro. Here you will find shops too multiple to describe? jewelry shops, art galleries, clothing stores, more time share offers than you can believe, souvenir shops by the score, restaurants with just about any kind of food you taste buds desire. This is the most diverse area of town. On the right you will find the ocean with terrific views from one tip of the bay to the other while on the left the street is lined with shops. Check out the wonderful collection of statues all crafted from bronze, stone and concrete that adorns the wide sidewalk known as the Malecon. Meander the side streets for hours and you will find delightful little discoveries guaranteed to satisfy your hunt for an unusual gift. If you get a chance take in the Art Walk, happening every Wednesday, a casual stroll of the many art galleries in this area complete with snacks and a drink offered at participating galleries. Just look for an Art Walk flyer, you will find them at shops all over this area.

Did you know that Puerto Vallarta is tucked away in the middle of the Bay of Banderas, in the Mexican pacific coast? There you will find a gorgeous tourist town rapidly becoming one of the most popular holiday spots in the world. I didn?t know that Puerto Vallarta is reported to be the most repeated holiday destinations on earth. By that, they mean that more people return here for a second, third or more holidays than any other place they go.

Puerto Vallarta is alive with a buzz of international tourism, drawing huge numbers from the US and Canada as well as a growing European influx. Entering from the north you pass the airport and the first area of interest you will come across is the Marina. The area got its name, most obviously because it is built around docking facilities for thousands of boats of all descriptions from canoes, kayaks and jets skis to tour boats and multi-million dollar yachts. Continuing along highway 200, now narrowed to the main street, you enter the Hotel Zone. This area of course is where you find a lot of hotels, many familiar American names and some Puerto Vallarta Condos. The beach here is gorgeous and you will find some great dining.

Cross over the bridge and you enter Centro. Here you will find shops too multiple to describe? jewelry shops, art galleries, clothing stores, more time share offers than you can believe, souvenir shops by the score, restaurants with just about any kind of food you taste buds desire. This is the most diverse area of town. On the right you will find the ocean with terrific views from one tip of the bay to the other while on the left the street is lined with shops. Check out the wonderful collection of statues all crafted from bronze, stone and concrete that adorns the wide sidewalk known as the Malecon. Meander the side streets for hours and you will find delightful little discoveries guaranteed to satisfy your hunt for an unusual gift. If you get a chance take in the Art Walk, happening every Wednesday, a casual stroll of the many art galleries in this area complete with snacks and a drink offered at participating galleries. Just look for an Art Walk flyer, you will find them at shops all over this area.

Continuing south from the Malecon you will cross another bridge, over the River Cuale into Zona Romantica. I guess you could call Centro and The Malecon the center of this city. Zona Romantica is the heart, the magic, if you have not by now fallen in love with this town Zona Romantica will win you over. Here you can find the best Puerto Vallarta Villa Rental!. Taste the flavors of Mexico at a variety of eateries, from roadside vendors where you can eat for a couple dollars to local Cenadurias, all the way up to five star North American style fine dining experiences on the beach. Don?t be afraid to explore here, both on a culinary level and on a cultural level. Try some local dishes like pozole, molcajete, fried cheese tacos, mahi mahi, it?s all delicious. Let one of the small sidewalk cafes or bars lure you in with offerings of great service, fabulous food and just a plain magical experience.

Puerto Vallarta is no longer just a cute little Mexican town. It has grown into a diverse, culturally rich tourist destination making its mark proudly on the map. As world commerce grows and travel becomes more and more accessible to the masses Puerto Vallarta has kept pace and in many cases surpassed others as the place to be for your next exotic vacation. Go online and reserve your Puerto Vallarta Villa you?ll be glad you did!!

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For Gay Friendly Destinations Try Puerto Vallarta

What?s happening party people, I just wanted to tell everyone about my recent trip, it was surprising to see that this is one of the most gay friendly destinations that I have ever seen, you can just search for ? gay puerto vallarta vacation rentals ?. I am from El Salvador, so growing up there I had a perception of the Latin mentality towards gay people so I can definitely say that I was really happy to see that all that ignorance towards homosexuality that I was brought up in, is definitely gone. At least from what I saw in Mexico, lol.

When I decided to take my girlfriend to Puerto Vallarta for some R&R on the beach, I never expected to see a whole section of the city to be Gay oriented. One of the first places we visited was an area in the old town called ?La Zona Romantica? This place is beautiful, it has that type of old school architecture with the red clay roofs and white walls, most of the business in this area are directed towards the gay community and most are even gay owned. While having lunch we met a couple from Vancouver John and Mike these guys were mad cool and we made friends right away. John had surprised mike with a trip to Mexico for his birthday and he got a Puerto Vallarta Villa Rentals for the week. We went over to their place for afternoon drinks and man was I jealous, they were staying at one of the most beautiful homes that I had ever seen, this gorgeous villa on a mountain with one of those pools that looks like it goes over the edge of the mountain. And the view, man it was sick, you could see the city and the beach in the background. Their bedroom was on the top floor and their view was just ridiculous, some of our best pictures came from their view. Also because they were at a higher altitude they had this really nice breeze that went through the whole place. Believe me, next time we go I?m definitely staying at this place, it?s something like www.puerto-vallarta-rentals.com or something like that, if you look it up I?m sure you?ll find it. Anyway we hung out with them, went into town and had dinner on the rooftop of this gay hotel in the old town, awesome dinner wicked time and we even ended up going to a gay bar for dancing, we had a really good time and met tons of people from all over the world.

The next day we figured that we?d kick it with ?our own kind? HAHAHA. Anyway, unfortunately we did not end up having as good a time, my girlfriend kept getting hit on by these American frat boys at a bar and made her very uncomfortable and we ended up cutting our night short to avoid trouble. Alcohol and anger never mix well. Needles to say that the next time we went to a bar it was a gay bar and we definitely had a great time.
All to say that I truly recommend a Puerto Vallarta Villa Rentals to everyone out there; the beach is absolutely gorgeous, white sand and nice warm water, the town is really great every meal we eat was excellent which is a rarity when you travel and we made a lot of great friends.

For all gay people, this is your ideal vacation destination, I saw offers for Gay boat tours, there are a lot of gay bars/restaurants and I even heard that there is a gay beach, so I am sure that you will enjoy yourself.

And for all the couples out there, I can tell you that this worked out great for us, my girlfriend and I really enjoyed ourselves and we got to do all the fun things we wanted to do, I just wished I could of traded my small claustrophobic hotel room for John?s Villa, but I definitely will the next time.

Mexico Vacation

The fabulous country of Mexico is steeped in history from the time of the Aztecs to the time of the Spanish conquistadores. When you travel here for your vacation, Mexico will show you its best. You can visit the ruins of Aztec cities or bask in the warm waters near the golden Mexican beaches.

The ancient cities of the Aztecs are a wondrous sight to explore. As you climb the many steps you are taken back in time. You can imagine the streets that are filled with the well dressed nobles in their rich clothing with their gold and gem studded jewelry. On your Mexico trip, you will see the vendors selling their wares at street side stalls. Look up at the pyramid shaped temple and you can see the well armored ceremonial guards standing on each side of the main temple steps.

For a lovely beach side Mexico holiday, you will have golden stretches of beaches with the warm Pacific Ocean to play in. Here there are many water sports that you can do. From scuba diving to swimming or even water skiing. You can take a boat out for a relaxing time of deep sea fishing. You can also just relax by the hotel’s pool and drink pina coladas and the ever necessary tequila shots. Get out the salt and lime, or you could just go it straight.

There are a great many different places that you could go on your %keyword2%, it will be able to cater to all your needs. From Cabo San Lucas, to Puerto Vallarta, to Cancun, and even to Cordoba, Monterrey or Mexico City. It all just depends on where you want to go for this Mexico vacation, it can you offer you a host of other glorious places to go to as well. You can’t do all this in one go but you can come back again and again to enjoy your Mexican experience.

Then you’ll be wanting to visit the many bazaars and stalls that are a part of the Mexican culture. You can come away with great bargains, and a feeling of contentment for having bought the perfect little rug to put next to your bed. Along with the perfect piece of pottery to give your mother, the perfect wall hanging to give your grandmother and let’s not forget the perfect sets of jewelry that seemed tailor made just for you.

You can enjoy your vacation in Mexico in style and go back home well satisfied that your trip was all that it was cracked up to be. In Mexico you will find a little gem of a country just waiting for you to explore it. And that’s what will keep you coming back again and again.

The Best Condos Puerto Vallarta Experience!

Did you know that Puerto Vallarta is tucked away in the middle of the Bay of Banderas, in the Mexican pacific coast? There you will find a gorgeous tourist town rapidly becoming one of the most popular holiday spots in the world. I didn?t know that Puerto Vallarta is reported to be the most repeated holiday destinations on earth. By that, they mean that more people return here for a second, third or more holidays than any other place they go.

Puerto Vallarta is alive with a buzz of international tourism, drawing huge numbers from the US and Canada as well as a growing European influx. Entering from the north you pass the airport and the first area of interest you will come across is the Marina. The area got its name, most obviously because it is built around docking facilities for thousands of boats of all descriptions from canoes, kayaks and jets skis to tour boats and multi-million dollar yachts. Continuing along highway 200, now narrowed to the main street, you enter the Hotel Zone. This area of course is where you find a lot of hotels, many familiar American names and some Condos Puerto Vallarta. The beach here is gorgeous and you will find some great dining.

Cross over the bridge and you enter Centro. Here you will find shops too multiple to describe? jewelry shops, art galleries, clothing stores, more time share offers than you can believe, souvenir shops by the score, restaurants with just about any kind of food you taste buds desire. This is the most diverse area of town. On the right you will find the ocean with terrific views from one tip of the bay to the other while on the left the street is lined with shops. Check out the wonderful collection of statues all crafted from bronze, stone and concrete that adorns the wide sidewalk known as the Malecon. Meander the side streets for hours and you will find delightful little discoveries guaranteed to satisfy your hunt for an unusual gift. If you get a chance take in the Art Walk, happening every Wednesday, a casual stroll of the many art galleries in this area complete with snacks and a drink offered at participating galleries. Just look for an Art Walk flyer, you will find them at shops all over this area.

Continuing south from the Malecon you will cross another bridge, over the River Cuale into Zona Romantica. I guess you could call Centro and The Malecon the center of this city. Zona Romantica is the heart, the magic, if you have not by now fallen in love with this town Zona Romantica will win you over. Here you can find the best Villas In Puerto Vallarta!. Taste the flavors of Mexico at a variety of eateries, from roadside vendors where you can eat for a couple dollars to local Cenadurias, all the way up to five star North American style fine dining experiences on the beach. Don?t be afraid to explore here, both on a culinary level and on a cultural level. Try some local dishes like pozole, molcajete, fried cheese tacos, mahi mahi, it?s all delicious. Let one of the small sidewalk cafes or bars lure you in with offerings of great service, fabulous food and just a plain magical experience.

Above Zona Romantica on the hillside you will find lots of foreign influence again with beautiful villas and condos owned primarily by foreigners and ex patriots most of which can be rented.

Puerto Vallarta is no longer just a cute little Mexican town. It has grown into a diverse, culturally rich tourist destination making its mark proudly on the map. As world commerce grows and travel becomes more and more accessible to the masses Puerto Vallarta has kept pace and in many cases surpassed others as the place to be for your next exotic vacation. Go online and reserve your Puerto Vallarta Rentals you?ll be glad you did!!

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Mexico announces creation of new tourist resort

Mexico is getting another beach resort on its Pacific coast.

President Felipe Calderon says the resort will boast 7 miles of beach, a marina, golf courses, hotels and condominiums.

Calderon says it will create 78,000 jobs, attract 3 million tourists a year and generate $2.8 billion annually.

Calderon calls the development in Escuinapa, Sinaloa, the most important tourism project in 25 years.

The president said Monday that the government will provide about US$500 million to build the resort. Private investment is expected to come up with nearly US$7 billion.

Mexico’s economy relies heavily on tourism. The country draws millions of visitors each year to beach resorts like Cancun and Puerto Vallarta.

Old Town Puerto Vallarta

Puerto Vallarta has a lot of natural beauty and charming resorts that makes their visitors to make a bee line for them.

Puerto Vallarta is one of the most seductive and elegant resorts in Mexico that captivates visitors? attention by the fantastic entertainment or they may even find this place to be a private hideaway. Blended with new and old architecture, its original pueblo remains intermingled with modern and luxurious beachfront resort.

Luxury hotels and shopping centers have sprung up north and south of the original town, causing Vallarta to become bigger, having a population of 250,000 without losing its beauty and charm. A graceful cathedral stands beyond the cobblestones streets with a welcoming atmosphere.

The ?Ecotourism? activities of Puerto Vallarta are becoming more famous ? from mountain biking on the foothills of Sierra, activities such as whale watching, ocean kayaking, and diving with huge mantas in Banderas Bay. Lots of pristine coves are accessible only by boat and the mystical Huichol Indians in the high mountains of Sierra Madre still live in virtual isolation, with an effort to protect their centuries-old culture from other influences.

Puerto Vallarta was never the ?sleepy little fishing village? that others would proclaim. The bay of Puerto Vallarta has a wealth of natural beauty, glorious sunsets, friendly people, world-class sport fishing and great cuisine, not to mention its first class resorts, shopping places, waters for scuba diving and sailing. Puerto Vallarta?s Bahia de Banderas serves as the gorgeous playground; it begins where the Sea of Cortez and the Pacific Ocean meets, forming one of the largest bays in the world and the largest in Mexico. Punta Mita extends to the beautiful bay of flags directly from the north (near Sierra De Vallejo Ranges) to the Cabo Corrientes (situated in the lower ranges of Sierra del Cuale Peaks).

Punta Mita is one of the most attractive beaches in Puerto Vallarta, located in a small fishing village that offers spectacular scenery and water – sport venues. On the other side lies the Marieta Islands providing exceptional activities like snorkeling, scuba diving and even whale – watching. Heading south towards the city is Bucerias, a pretty beach community and fishing village in cobblestone streets with sandy coves.

Breezy water runs down from the mountains next to R?o Cuale, which flows through the heart of the town. Fantastic public sculptures, the malecon, adorn the chief harbor street, bordered by lively restaurants, shops, and bars. The malec?n is a crowd-puller for both locals and visitors. Anybody could go for a stroll on the broad walkway to take in an ocean breeze, watching the multihued sunset, or a moonlit or enjoy seeing a perfect wave. Fantastic malec?n sculptures line the seaside?s boardwalk.

Among the ones on display are the notable works of Ramiz Barquett, the ?Nostalgia? crossing from Carlos O?Brian restaurant. It gives a romantic moment for couples while gazing out at the bay. On the southern side is the sculpture group at the Rotonda del Mar, in the vicinity known as Fantasy by the Sea are samples of sculptures, mostly chairs created by Alejandro Colunga, the famous Mexican artist. These passionately created sculptures are largely series of a massive octopus head that serves as a trimming on a chair; the other bench has two giant ears for backrests, which always seemed to draw a crowd. Near the main square is the Boy on the Seahorse sculpture, an image that has come to represent Puerto Vallarta. Don?t fail to spot the fountain across from the main square; the three bronze dolphins seem ready to leap right into the bay. Other controversial figures down the length of the malec?n are Sergio Bustamante?s & Mathis Lidice?s version of the march of time, the contentious ?Ladder to Heaven?, found across Hotel Rosita at the northernmost edge of the malec?n.

The town of Puerto Vallarta has too many things to offer, both from the best of the country?s natural beauty and an authentic dose of its vibrant culture, to hotels of all classes and prices, having over 250 restaurants, a sizzling nightlife, and enough shops and galleries to tempt even jaded consumers.

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Puerto Vallarta Condos

Puerto Vallarta is located in Mexico, bordering the Pacific Ocean. In English Puerto means Port, hence it is called Vallarta Port. The major economic activity of Puerto Vallarta is Tourism. Tourism contributes to around 50% of the state economy. The major tourism season is between November and March. Puerto Vallarta Villas have become a popular weekend destination as well as vacation targets for many Americans. The increases in tourists have given rise to clubs, resorts, condominium, hotels and rental apartments. There is one for everyone?s budget. It is a tropical delight with warm sea breeze and remarkable beaches just a few meters away from your hotel doorstep. The night life is very active with number of pubs and night clubs rapidly increasing in this place. It is advised to rent Puerto Vallarta condos for comfort. Experience the snorkeling, scuba diving, eco parks, golfing, fishing boats and many more thrilling pleasures. You have to be there to feel it. One of the most popular tourist locations is the Marina, where you can see a huge whale statue shaped by Octavio. The attraction is mainly due to the docking facilities where thousands of boats are berthed ranging from a canoe to a multi-million yacht. Puerto Vallarta has grown immensely, taking its prestigious position on the tourist map. The place is conveniently connected by air and land to enable sightseers to reach the place quickly and easily. Puerto Vallarta rentals could be made simple by Puerto Vallarta Rentals website. Their excellent rentals service is beyond comparison. The website contains innumerable information about the place. Their effective search engine and rental services make planning very easy. They cater to tourist worldwide through their online reservation system. Their professionalism and dedication to their customers has assigned a special position for itself in the tourist world. Puerto Vallarta Rentals can make your Mexican holiday an unforgettable experience to cherish all your life.

U.S. retirees flock to south of the border

Rob and Mary Ladner pictured their dream retirement as a sailing trip around the world. But everything changed when they cruised into the big, balmy bay of Puerto Vallarta 10 years ago.

Seduced by swaying palm trees, colorful markets and cheap beachfront housing, the Ladners dropped anchor. The couple bought a corner condominium in a master-planned community 1,500 miles from their native California, but with nearly all the amenities of home.

Crossing the border to find a better life, the Ladners are in the first wave of what some are comparing to a reverse migration flow.

With 76 million American baby boomers hitting retirement age over the next two decades, experts say as many as 8 million may choose to live out their golden years in Mexico.

“And even if just a percentage of those come, that’s a significant quantity,” said Sergio Due?as, president of the Mexican Association of Real Estate Professionals.

U.S. retirees are expected to flock to nearly every region of Mexico. Already, retirees are venturing into previously undiscovered fishing villages and colonial pueblos.

Mexico’s cost of living for American retirees is an estimated 30 percent cheaper than in the U.S. Parts of the country offer an easygoing existence that many retirees say is a world away from the bloody headlines of Mexican drug violence.

Ken Harbour, a San Antonio native and retired pharmaceuticals salesman, moved to Puerto Vallarta 15 years ago. Since then, his $150,000 beachfront condominium has tripled in value and he’s seen very little to make him nervous.

“All the time we have friends who say, We just read about six guys getting their heads cut off,’ ” he said. “But how many people were shot or killed in Houston or Dallas last night? It’s just a much easier-going lifestyle here. It’s a lot less stress.”

Other retirees find a fulfillment in Mexico that they never expected when they first arrived. Robin Loving Rowland and her husband left Austin three years ago, buying and remodeling a home in the colonial city of San Miguel de Allende in central Mexico for $120,000.

Rowland loved the dramatic architecture and the near-perfect climate, but said her life took on new meaning when she began volunteering at a nearby orphanage for girls.

“When I lived in Austin, I couldn’t think of any other place in the world I would rather live,” said Rowland, a retired public relations specialist. “But we don’t miss it a bit. … We could have retired in the U.S., but we would have been pretty bored.”

Real estate agents say Mexico tends to attract retirees who want to remain busy as they grow older.

Stretching retirement dollars

“Mexico is for the more adventurous, people who don’t want to wind down,” said Alex Urrutia, sales director of Luma, an upscale development near Puerto Vallarta. “It takes away the typical idea of retirement. It’s more like a permanent vacation.”

An increasing number of retirees on fixed incomes see Mexico as the best way to stretch their retirement dollars.

Richard Schwartzkopf, 68, and Bonnie Graham, 60, rent a comfortable two-bedroom house in a traditional Mexican neighborhood in Puerto Vallarta for just $300 a month.

Schwartzkopf, a retired metal finisher from Oregon, lives off of his monthly Social Security check. Graham, a retired Red Cross worker in Vancouver, Canada, lives from a modest pension.

“We know all kinds of people,” Schwartzkopf said on a recent afternoon as the couple shopped at Puerto Vallarta’s recently opened Costco grocery store. “People with money and people just getting by like us.”

But retirees on limited budgets need to do their homework when it comes to healthcare, experts say. Medicare benefits don’t extend into Mexico and while many private Mexican hospitals compare favorably with the level of care in the U.S., private insurance can be expensive, said David Warner, a University of Texas public affairs professor.

One option is buying into Mexico’s inexpensive social security system.

“(It’s) not necessarily a bad option,” he said. “The Mexican government has a history of setting up primary-care facilities that are pretty good in these retirement areas.”

Experts say the retirement boom ? more than 100,000 American retirees are believed to live in Mexico ? is due in part to the growth of the network of real estate agents and lawyers aimed at helping retirees to navigate Mexico’s complicated homebuying laws.

Mexico, where most real estate transactions are carried out in cash, has largely been immune to the mortgage crunch in the United States. It has enjoyed a stable, slow-growing economy for the past 15 years and is in the midst of a home construction boom.

But despite the rosy long-term projections for Mexican real estate, experts say a combination of border violence and the economic slowdown in the U.S. is making for a tough year.

With a miserable market in the U.S., some potential retirees are having trouble selling their American homes, while others are becoming more conservative with their money, real estate agents say.

And worries over drug violence has particularly hurt sales at retirement havens in places like northern Baja California and south of the Arizona border, said David Collins, director of the consulting group Active Living International.

At the same time, retirement destinations in the interior are seeing unprecedented investment, fueled in part by an influx of retirees from Canada, which hasn’t suffered the U.S.’ housing meltdown.

Collins said that retirees headed far from the border tend to feel safe. “They think, This is an enclave away from the violence and danger,’ ” he said.

Remote areas lure Americans

Some American retirees, both those seeking an authentic Mexico experience and those on the eternal quest for affordable paradise, have moved into ever more remote areas, far from the nearest Wal-Mart or airport.

About 70 miles north of Puerto Vallarta, the tiny fishing village of Chacala has become the latest hot spot for American and Canadian retirees.

Chacala has bumpy dirt roads and just a handful of rustic restaurants, but it also has one of Mexico’s most picturesque bays, dramatic jungle scenery and lower prices than Puerto Vallarta.

“So many more people are more comfortable (with Mexico) than they were 20 years ago,” said Rod Rosile, a Chacala resident who left San Diego 12 years ago and now sells real estate north of Puerto Vallarta.

Rosile initially bought a home in the nearby surfing haven of Sayulita for $11,000. He promptly watched home values skyrocket and moved up the road to Chacala when Sayulita got “too busy.”

A few years ago he bought one of the first homes in a new Chacala subdivision for about $250,000. That home nearly doubled in value and Rosile now lives in a luxurious beachside home worth about $500,000.

While such success stories are becoming harder to find as housing values climb in Mexico, Rosile said possibilities for cheap paradise still exist in remote areas.

Rosile believes the rejuvenating effects of Mexico will also begin to lure younger Americans in larger numbers.

“Most of us give up so much of our lives (in the U.S.) ? we get up at dawn and work through the day and I was just tired of that,” he said. “The Americans I see coming here are not just the retirees, but the younger people who say, I’ve just about had it.”‘

Puerto Vallarta Rentals

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Puerto Vallarta Rentals

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Puerto Vallarta Real Estate Sailing On

Puerto Vallarta was once a quiet fishing village, but ever since it served as the backdrop for John Huston?s 1964 film ?The Night of the Iguana,? starring Elizabeth Taylor and Richard Burton, the sleepy seaside town has grown to become the blockbuster resort that it is today. This longstanding popularity only seems to be increasing among both tourists and retirees, and as a result, Puerto Vallarta’s real estate market is thriving.

Many foreigners looking to retire in Mexico have chosen this seaside town for its beautiful scenery, its small size and the relative ease of conducting day-to-day life with limited Spanish required. Interest among international buyers is so great that almost all real estate agencies quote prices in dollars.

About Puerto Vallarta
Puerto Vallarta, west of Guadalajara
Located on the Pacific coast, the municipality of Puerto Vallarta occupies 502.19 square miles and has a view of the beautiful Sierra Madre mountains. With its estimated population hovering around 300,000, the city is the fifth largest in the Mexican state of Jalisco.

Tourism is the largest industry in the area, followed by agriculture and fishing. Puerto Vallarta is the second most visited resort town in Mexico and welcomes 2.2 million tourists annually, according to Visit Puerto Vallarta Mexico, an online guide to the city.

The city?s official slogan, ?where Mexico comes to life,? rings true to John Youden, founder of Puerto Vallarta’s real estate multiple listing service, Multi List Vallarta, and owner of Vallarta Lifestyles Publishing Group, he said. ?Puerto Vallarta is a Mexican town that became an international tourist destination. Los Cabos and Cancun, for the most part, were planned destinations,? he said. Puerto Vallarta has a lot of Mexico to offer, according to Mr. Youden. ?Its downtown central area with its plaza and Malecon offers something truly unique. It is also very close to Guadalajara, Mexico?s second largest city.?

Puerto Vallarta was ranked in NuWire’s top five Mexican real estate markets in 2008. In 2000, Puerto Vallarta sold roughly $50 million in resort real estate, which is defined as property purchased by retirees or as a second home, according to Darryl Bowie, the general manager of Coldwell Banker La Costa Realty. Million-dollar homes were rare and there were only a few large scale developments. In 2007, resort real estate sales reached $500 million. There were condos selling for $2 million apiece and homes garnering a hefty $5 million, according to Coldwell Banker La Costa Realty.

As of summer 2008, there are more than 100 developments around Banderas Bay, making Puerto Vallarta first in resort property sales in Mexico. Punta Mita, one of the better known developments, has Four Seasons, Ritz Carlton and St. Regis Hotels and two Jack Nicklaus Signature golf courses. “The whole area is booming, from Rincon de Guayabitos in the north to Mismaloya in the south,” Bowie said.

The major property buyers in Puerto Vallarta are Mexicans, Americans and Canadians and mostly they come looking in one of three categories, according to figures from Coldwell Banker La Costa. Some are seeking full-time winter homes. Others are looking for a second home that can also double as a rental property. Many are looking to retire in Puerto Vallarta.

“This year, with the sub-prime crisis, election, price of oil and other economic factors, we have seen a noticeable drop in American buyers and a noticeable rise in American sellers. The Canadian buyers have really stepped in with a strong dollar, however, as the oil-based inflation woes make the news, even the Canadian buyers are being more cautious than usual,” Bowie said.

Those who are looking for properties under $250,000 but want amenities such as a pool, beach, security, view and proximity to downtown are finding a market where prices are much higher than they expected, according to Bowie. The market under $400,000 is strong, especially in the condo sector. However, sales from properties valued between $500,000 and $1 million are not doing as well. “At this price range, buyers are faced with a major investment decision and when the economic indicators are all screaming ‘buy gold, inflation is looming, oil is going higher, cash is king, the sky is falling,’ they put the dream on hold,” Bowie said.

“The $500,000 to $1,000,000 market seems to be softening at this time, with a desire toward either less expensive condos in the $300s or very high-end condos and villas, typically over $2 million,” said Wayne Franklin, president of Tropicasa Reality. The top end of the market is doing quiet a bit better than any other portion of the market. “This makes sense because economic fluctuations affect high profile clients less,” Franklin said.

The paperwork and real estate language used during property transaction may seem similar to those used in the United States but international buyers must remember that similarity does not translate into sameness. They must research every turn and ensure all procedures are completed in accordance to Mexican law. Generally, property purchase involves a bank, a lawyer, a real estate company and a public notary, according to Mexonline. Transactions that are not within restricted zones don’t need to involve banks. Read more bout Mexican real estate law in our article The Myth of Mexican Property Ownership.

“Investors need to do their homework and work with an AMPI [Mexican Association of Real Estate Professionals] agent to make sure that they are being represented properly,” Franklin said. Buyers must review and evaluate documents of their chosen development critically to ensure that everything is as it seems. “If the investor has found a valid project, preconstruction developers sometimes offer great discounts for entry level into a development. Others offer terrific terms throughout the course of the construction. In Mexico, prices increase on developments as inventory decreases, so price escalations are typically built into the model. You may also find a developer whose sales have stagnated. They?ve reached a plateau and they need to get moving again. Being in the right place at the right time can pay off in these projects. You may be able to convince a developer to give you that ‘special deal’ on the next unit sold so that he can get sales moving again,” he said.

The next few years

Real estate agents are optimistic about the future of the Puerto Vallarta property market as new developments are planned to open the town to even greater numbers of tourists. “A new highway is under construction to Guadalajara, which will bring more visitors to the beach. This will be a huge boom for Vallarta. People will need lodging, food and want to shop and drink. All businesses will enjoy an uptick in activity, real estate and hotels especially,” said Franklin.

“The baby boomer population continues to retire with huge wealth despite U.S. economic factors. Vallarta, with its proximity to major wealth centers in the States, will continue to grow and be among one of the top vacation and retirement destination as baby boomers look for more out of life,” he added.
Puerto Vallarta Rentals

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