According to the Association of Real Estate Professionals in Puerto Vallarta and Riviera Nayarit (APIVAC), Mexico is among Latin America’s favorite countries for the most real estate investments.
This is demonstrated by the number of sales reported to date throughout the four quarters of 2021, where there is a significant increase compared to the sales transactions reported in 2020.
In this way, in July through September of this year there was an increase of 70 percent compared to January through March and 12 percent more than in April through June. At press time, total sales for 2021 are nearly 40 percent higher than all transactions recorded throughout 2020.
In the first half of 2021, the south side of Puerto Vallarta led the market preferences with 18 percent of total sales but is now tied with the South Shore of Banderas Bay (Amapas, Conchas Chinas, Garza Blanca and Sierra del Mar). Currently, that area remains the market leader with 15 percent.
During 2020, the average sale price for houses and condominiums was 336,000 USD. However, as of this time in 2021, it is registered close to 396,000 USD, which means an increase of approximately 18 percent.