For buyers considering investing in Puerto Vallarta real estate for vacation rental income, it is important to note that hotel rates in Puerto Vallarta fell only slightly between 2009 and 2010, with some implications for investors to consider.
Data published by Hotels.com in September 2010 showed that average hotel rates in Puerto Vallarta fell 5% in the first quarter of 2010 compared to the first quarter of 2009, from around $200 USD/room/night to around of $190.
In the first place, this fact demonstrates the adaptability of Puerto Vallarta, adjusting to the needs of the market, offering special packages and discounts for early payment; figures were based on actual payment amounts rather than advertised prices. In a world where consumers in the main markets for tourism (USA and Europe) are constantly faced with the reality of traveling on tighter budgets, the hotel industry in Puerto Vallarta adapts to this and, like the Cost of living in Puerto Vallarta generally continues to be internationally competitive.
This factor remains a strength for real estate in mexico In general, it provides a relatively affordable cost of living, while providing very high levels of services, security and infrastructure, and is important to investors, meaning that the flow of tourism and the attractiveness of the location will remain intact.
This slight drop compares with a global average increase of 2% in hotel room costs. Puerto Vallarta, however, fell less than the average for Mexico, which was 7%. Some areas fell as much as 18%, which is perhaps too drastic a change, from the point of view of vacation property investors. The drop in Puerto Vallarta was only 5%, which means vacation rental property rates can remain relatively stable without losing their competitive edge for small groups of vacationers looking for an affordable way to enjoy a higher level of comfort. , which is the main market. for vacation rental.
Buyers considering this type of investment often invest in large condominiums on or very close to the beach. The 3 or 4 bedroom condominiums tend to be the most successful, and visitors also prefer units within walking distance of the beach and services such as supermarkets, restaurants, etc., which helps make your visit comfortable and easy, without stop saving. about hotel prices.
Investors new to the Puerto Vallarta market should research MLS listings and, more importantly, contact an experienced and qualified agent who is familiar with the market to find the unit with the most appeal to renters, as well as as a competitive advantage over paying for a hotel.