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Finding Real Estate in Puerto Vallarta

Finding Real Estate in Puerto Vallarta

Puerto Vallarta is a city located on the west coast of Mexico. It is situated in the Banderas Bay, making it an amazing location surrounded by beautiful scenery. The city contains a relatively large population, of over 177,000 people. Both foreigners and individuals native to Mexico reside within this city. Puerto Vallarta is a resort city, which targets tourists. It is known for its luxury homes and condos, and therefore, some Puerto Vallarta real estate is expensive to purchase. For example, a condo containing two bedrooms and two bathrooms can be listed for over $600,000 USD.
 
 
Nevertheless, it is possible for an individual to located affordable Puerto Vallarta real estate. There are currently a number of pleasing homes listed for between $200,000 and $400,000 USD. When compared to the cost of homes in many suburban areas throughout the United States, these prices are reasonable, especially considering the location of these homes, with some of them being situated in the marina.
 
 
As with all property in Mexico, an individual who is considering purchasing Puerto Vallarta real estate must review the property owning restrictions placed on foreign individuals. In regard to architecture, much of the real estate that is available resembles the real estate in similar Mexican resort cities. The buildings frequently mimic Spanish villas. 
 
 
Foreigners who purchase Puerto Vallarta real estate commonly rent this property to tourists visiting the city. It is possible for an individual to purchase a villa in the city, containing eight to twelve rooms, and subsequently rent these rooms. However, such property can cost over two million US dollars.