With a fast-growing economy and tourists pouring in from North America as well as Europe, Mexico real estate is on a high like never before. The country has harnessed its reputation as a fun-loving, music and dance paradise not only for young couples but for tourists across almost all age groups. The rise in real estate prices is a significant indication of the upward turn of the country’s economy, thanks to some well-developed tourism based cities.
Puerto Vallarta is a planned resort city off the Pacific coast and along Banderas Bay, Mexico’s largest natural bay. With influx of tourists and film crews (this was the location for the 1964 hit, “The Night of the Iguana), Puerto Vallarta real estate value has gone sky-high. As more and more development takes place at full speed, prices are only likely to go up. This is an ideal time for prudent investment in land, which looks like it could only grow more expensive.
Similar to Puerto Vallarta is the Nuevo Vallarta area, a planned resort region merely 15 minutes from Puerto Vallarta’s airport. With abundant facilities for adventure sports, shopping or simply lazing in the beautiful sands, prices for land are rising steeply. Nuevo Vallarta real estate is booming, with more restaurants, more hotels and novelty recreational centers for incoming tourists.
In contrast to the glittering waters and shining sands of Puerto Vallarta and Nuevo Vallarta, Campeche has been drawing in tourists for Mexico for historical reasons. The home of the Mayan culture, Campeche is a steady draw for tourists interested in history and the ancient cultures of the Americas. Well-preserved sites, museums and organized tours make Campeche a welcoming tourist location. Campeche real estate has been developing steadily, but has witnessed a recent upsurge with the country devoting special attention to the treasures and historical value of this 16th century city, founded by Spanish conquistadores upon the ruins of Canpech, a pre-existing Mayan city.
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