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Americans and other foreigners may obtain direct ownership
of property in the interior of Mexico. However,
under Mexican law, foreigners cannot own property
outright within the restricted zone. The restricted
zone encompasses all land located within 100 kilometers
(about 62 miles) of any Mexican border, and within
50 kilometers (about 31 miles) of any Mexican
coastline.
The Puerto Vallarta real estate industry is
certainly alive and well along the shores of Banderas
Bay, which now is referred to as one destination known
as “Vallarta”
There are many options available to buy real estate
in Puerto Vallarta. There are houses for sale,
villas for sale, condos for sale, and multi-plexes,
too. All of these options make for terrific investments,
in addition to places to live, and are readily available.
The reasons of buying real estate in Puerto
Vallarta can be financial, but they will largely
be a personal choice. If you are a regular visitor to
the country, perhaps renting
is a waste of money. Perhaps you are considering your
retirement and would like to establish your future residence
as early as possible. In the meantime, you can rent
the real estate out and have some, if not all, of the
expenses paid for as it waits for your arrival.
If you are a serious candidate to buy real estate in
Puerto Vallarta , consider the value of the real
estate as it compares to the surrounding real estate.
Consider also what the long-term outlook for the particular
region is.
Purchasing real estate in Puerto Vallarta, Mexico
is only slightly different than doing the same in the
United States, but even those small differences can
cause problems if not handled correctly.
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