The Original City Is Most Popular With Expats And Travelers
The city of Puerto Vallarta is centered on Banderas Bay, with the greater PV area extending for miles in both directions. Take a look at the map below.
Puerto Vallarta offers different sectors with different lifestyles
Ill look at some of the popular outlying areas around PV next week. But today, Id like to focus on the original city.
The city proper includes Centro and whats popularly called the Romantic Zone , divided by the Cuale River.
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Properties In Puerto Vallarta Are Reasonable For A City This Rich With Amenities
There are a lot of good living options outside of the original PV, both to the north and south.
But Puerto Vallarta itself is the most popular with expats, offers the most liquidity, the strongest short-term rental market, and good price performance.
In the Zona Romántica, I came across an interesting property just down the street from where we stayed in PV. It was a one-bedroom, one-bath condo of 66 square meters in the La Palapa beachfront complex .
The apartment offers a large single bedroom with a terrace and island kitchen. The living room has a sofa bed for guests, and the dining area seats four. The complex has a rooftop pool and sundeck, and offers an excellent location in the center of all the action.
The asking price is US$299,000. This would make a great rental, and it comes completely furnished and equipped.
Adjacent to the Zona Romántica in the heart of the Emiliano Zapata neighborhood, theres a spacious 140-square-meter artists home with excellent bay views. The large apartment has three bedrooms and two bathrooms on a quiet cul-de-sac. This totally renovated unit has new appliances in a pet-friendly building with a heated rooftop dipping pool, barbecue area, and stunning ocean, mountain, and city views. The asking price is US$229,000.
My wife and I spotted this one while admiring the building from our outdoor table at a nearby Italian restaurant. Check out the photo below.
This stately building stands out in the crowd
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Puerto Vallarta Offers A Winter Climate That Cant Be Beat
Theres no better place for escaping harsh winter weather than coastal Mexico right now. And Puerto Vallarta is no exception.
The climate in PV is absolutely magnificent during the North American winter, with warm, dry days and cool nights. The average high in January is just over 83°F , while the average low is down at 62°F .
But its hot in the summertime, with August temps averaging almost 93°F . That may not sound like much if you live in
Arizona, but humidity at this time runs about 70% so it feels a lot warmer.
Ocean temperatures are fairly warm all year at least by my South Jersey standards. In January, the sea temperature hits its annual low of about 75°F and will go as high as 86°F , sustained between August and October.
The rainy season goes from June through October, with most rain falling between July and September. Dawn-to-dusk rainy days are unusual though, and afternoon showers are the norm.
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Puerto Vallarta: Enjoy Rich Amenities At A Reasonable Price
Todays strong dollar has created a lot of terrific opportunities around the world, and one of todays best bargains is here in Mexico.
The dollars buying power here is up over 100% since 2008, so most everything in Mexico is now selling for half price.
Even in those expat areas where real estate trades in dollars, everything else in your life is a major bargain. Your taxes, restoration costs, furniture, upkeep, clothing, car repairs, etc., all cost half of what they did just a short time ago.
Where youll really see the difference is in cities that used to be expensive, in the cost of fine dining, wine, and entertainment. And theres no better example right now than in Mexicos famous beach resort, Puerto Vallarta.
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Gay Travelers And Residents Are A Big Market Force In Puerto Vallarta
PV is known to be the most gay-friendly city in Mexico. In fact, Ive never seen such a presence of same-sex couples anywhere else both male and female, of all ages and nationalities.
PV is more than just gay-friendly and gay people are more than just accepted or welcomed. Here it looks and feels like being gay is the norm.
Savvy entrepreneurs, marketers, and property investors have adapted handily to this important, generally upscale market segment at every opportunity. Its more than a niche, and every successful property investor should keep it in mind.