Condominium and Real Estate for Sale in Puerto Vallarta

Property and Real Estate sales in Puerto Vallarta are among the growing industry in the region. Nothing short of spectacular to describe the Puerto Vallarta property and real estate market. Puerto Vallarta, amid Banderas Bay, is known for its beaches with fine sand, excellent weather, and delicious cuisine. The characteristics of Puerto Vallarta have made way for one of the most popular beach real estate markets, particularly in Mexico. Even in a post-pandemic environment, Puerto Vallarta real estate trends have been very positive. Due mainly to the increasing acceptance of remote work, Puerto Vallarta has elevated to the status of a highly desired place for both commercial and domestic endeavors. Buyers, sellers, and investors are drawn to the property and real estate market in Puerto Vallarta for various reasons. Property and real estate for sale in Puerto Vallarta include houses, apartments and condos, office spaces, warehouses, industrial spaces, commercial farms, hotels, and new residential developments. Thus, the vast array of available properties and real estate options makes Puerto Vallarta property and real estate investment a promising venture.      

Listed below are the types of properties for sale in Puerto Vallarta.

• Condo Apartment for sale in Puerto Vallarta: The prices of a condo unit in Puerto Vallarta vary depending on the property’s location, age, and utilities. The average price of $450,000 typically includes 1,600 to 2000 square feet (ca. 186 square meters), two bedrooms, two baths, marble floors, brand-new granite countertops, and common areas with a swimming pool.
• House for sale in Puerto Vallarta: A basic two-bedroom, two bathrooms, 2500 square feet (ca. 232 square meters) house in a safe neighborhood in Puerto Vallarta would start at around $250,000. The prices for homes near the beachfront start from approximately $800,000 to $1,500,000.
• Hotels for sale in Puerto Vallarta: A basic hotel in Puerto Vallarta consisting of 12 bedrooms, 13 full bathrooms, three floors, and a 200m2 terrace is worth $12.5 million on the market. It is three blocks from the boardwalk, near the beach, shops, and restaurants.
• Offices for sale in Puerto Vallarta: An office space with a street view in a commercial building equipped with a vast parking space would cost around $190,000. Bare office space of 753.2 square feet (69.97 square meters) in size is enough for a small boutique business.
• Commercial farming for sale in Puerto Vallarta: The cost of ranches and farms for sale in Puerto Vallarta is between $450,000 and 1,340,000. The price depends on the size of the farm and the location.
• Warehouse for sale in Puerto Vallarta: An example of a warehouse for sale in Puerto Vallarta costs around $438,000. The size is 4,843.8 sq ft (ca. 450 square meters), and it has five baths.
• New Residential Development for Sale in Puerto Vallarta: Developments are an excellent option for buyers looking to invest in Puerto Vallarta. A 2 bedroom and two-bathroom unit with a total area of 114.84m2 costs around $349,800. Some other beachfront developments’ prices start from $720,000 to $995,000.

The real estate prices in Puerto Vallarta vary depending on the property’s location, age, and utilities. The average cost for a condominium in Puerto Vallarta is $450,000.The average price of $450,000 typically includes 1,600 to 2000 square feet (ca. 186 square meters), two bedrooms, two baths, marble floors, brand-new granite countertops, and common areas with a swimming pool. Puerto Vallarta condo prices range from $500,000 to $1,500,000 if the buyer is willing to spend more. These prices would provide some excellent, beautiful, and spacious properties with panoramic ocean views. Condos are the most popular part of the market right now. Aside from Puerto Vallarta, some regions in Mexico offer the best condominium units, such as Riviera Maya. Riviera Maya is known for its numerous all-inclusive resorts and its long beaches. 

Houses for sale in Puerto Vallarta vary depending on the house’s location, utilities, and the age of the property. Puerto Vallarta homes come in a variety of sizes and styles. A basic two-bedroom, two bathrooms, 2500 square feet (ca. 232 square meters) house in a safe neighborhood in Puerto Vallarta would start at around $250,000. The prices for places near the beachfront start from  $800,000 to $1,500,000. Many of those who choose Puerto Vallarta as their home are retirees.

There are some hotels for sale within the area of Puerto Vallarta. One hostel located in the downtown area of Puerto Vallarta is for sale. The hostel comprises 12 bedrooms, 13 full bathrooms, three floors, and a 200m2 terrace worth $12.5 million. It is three blocks from the boardwalk, near the beach, shops, and restaurants. Although not as prominent as other properties like condominiums and residential homes, hotels are suitable investments too. It will only require renovations and other touch-ups. Vacation rentals and hotels are always in demand 

Regular office space of 753.2 square feet (69.97 square meters) costs around $190,000 in Puerto Vallarta. The office has a street view and is within a commercial building with vast parking spaces. The office space is on the first floor with double height. Some office spaces are far more spacious and cost higher.

Puerto Vallarta offers houses, condo units, and commercial farming, where the ambiance is more relaxed. The cost of ranches and farms for sale in Puerto Vallarta cost between $450,000 and 1,340,000. The price depends on the size of the farm and the location. A beautiful farm in Puerto Vallarta, Jalisco, sells for around $446,000. The property has four beds, two baths, and a stable for two horses. The farm has two houses, the main house, and a casita. Buyers must know that the lot should not be agricultural land or Ejido. An Ejido is an area of communal land used for agriculture in which community members have usufruct rights rather than ownership rights to land held by the Mexican state.

An example of a warehouse for sale in Puerto Vallarta costs around $438,000. The size is 4,843.8 sq ft (ca. 450 square meters), and it has five baths. The warehouse is an excellent investment option because of its large size. A warehouse is a remarkable space to convert into an office space. A warehouse with a size of 15,726.27 square feet (1,461.02 m²) costs around $1,050,000. The property consists of 2 baths and has a street view.

New residential developments are the ideal option for home and vacation seekers alike. Puerto Vallarta offers several development options for individuals looking for a vacation condo, retirement, or relocation home. Developments are a great option for buyers looking to invest in the area. A 2 bedroom and two-bathroom unit with a total area of 114.84m2 costs around $349,800. Some other beachfront developments’ prices start from $720,000 to $2,500,000. The amenities include 24-hour security, terraces with professional landscaping, a kid’s play area, a gym, and spa, jacuzzis, a large heated salt-water pool, and a private sports bar with LED screens and draft beer.

Puerto Vallarta, real estate trends have been very favorable, even in a post-pandemic world. Puerto Vallarta has become a desirable location for both residential and commercial spaces. The average sales price of a condominium has gone up consistently over the past five years. The average price in 2016 was $260,000, and it has gone up as high as $340,000 in 2020. It has appreciated by more than 30% over the last five years. Real estate prices in Puerto Vallarta are rising because market activity has increased, and inventory levels have tried to keep up with numerous new projects in development. However, current demand is more vital than supply. As need supersedes supply, prices go up. In Puerto Vallarta, fewer properties are currently available under $100, 000 with the in-demand range between $250-500,000.  

The Romantic Zone, known as Old Vallarta, is one of the best locations to buy a property in Puerto Vallarta. Romantic Zone is the oldest neighboring community in the city and is known to be among the prime places in Puerto Vallarta to visit and live. It is an excellent choice for families with little children, young couples, older adults, and the LGBTQ + community. The romantic Zone provides jobs in the tourism industry and cultural field. The area is near markets, beaches, bus stops, and hospitals. Romantic Zone is famous for its friendly and Bohemian vibe. The people are friendly; the area is very safe. It is renowned for its restaurants, cafés, bars, and art galleries. The Romantic Zone is home to one of the famous beaches in the city, Playa Los Muertos. Romantic Zone is an entertainment capital, the kind of place where unexpected things happen. Sometimes it’s a quirky street performance and, at times, a dignified religious procession. Puerto Vallarta’s Romantic Zone has an exciting mix of locals and tourists, traditional Mexican architecture homes clashing with new condominium buildings with a more contemporary design. Food, drinks, entertainment, shopping, massages, and almost everything is available in Puerto Vallarta’s Romantic Zone. The Romantic Zone is one of Puerto Vallarta’s most authentic neighborhoods. Nearly all amenities are just a walking distance.

Buying a property in Puerto Vallarta starts by identifying one’s list of needs and wants. Identify the preferred location, the allocated budget, and other preferred criteria. The process begins with a meeting with a reputable real estate agent. Discuss all the requirements for buying a property. The buyer’s agent is the representative throughout the whole process. Scheduling visits to prospective properties is the next step when buying a property in Puerto Vallarta. Making an offer is needed once the buyer finds a property. The buyer will inform the real estate agent regarding the offered amount to the seller. Then, the agent will have to contact the seller and discuss the offer. The buying process pushes through once everything is settled, and both parties agree. The real estate agent works with the closing coordinator and Notario to determine the closing date for the property to be purchased. The buyer requires wiring the remaining balance of the purchase price and the balance of the closing costs. The closing coordinator reviews the new escritura with the buyer. Both the seller and buyer will sign the escritura and place their respective fingerprints on the document. The seller will give the keys to the buyer or the new owner of the property.      

Listed below are the things to consider before buying a property in Puerto Vallarta.

• Documents: A property buyer must have a purchase and sale agreement (Contrato de compraventa) drawn up. Ensure that the Notary and agent have the necessary documents: A duplicate copy of the seller’s title. The seller has to give the original title on the day of closing. A copy of the registration of the property in the public register. A copy of the Regimen of the Condominium in case of a condo purchase. A Non-lien Certificate was acquired through a property title search from the Public Proper Registry. Make sure that there are no unpaid utility bills and property taxes. Make an appraisal of the property for tax purposes.
• Real Estate Agent: Real estate agents are licensed to help people buy, sell, and rent homes and other properties. Real estate agents are more familiar with the local market, the neighborhood, and the local highlights. A good working relationship with a professional and experienced local realty agent lasts for years and pays long-term dividends. Deciding to purchase a property in Mexico requires help from a real estate agent. Make sure to find a qualified and trusted one, and assist buyers on how to buy property in Mexico.
• Requirements: A foreigner planning to buy a property in Mexico must enter a Fideicomiso. A Fideicomiso is a bank agreement permitting foreigners to acquire Mexico’s property. The bank works with the buyer, the seller, and the lawyers to place the legal title to the property in the fideicomiso. A fideicomiso is one of the requirements foreigners must remember before buying a property.  

Payment:  Payments are made through wire transfers or bank deposits when buying a property in Puerto Vallarta. The buyer needs to wire the remaining balance of the purchase price and the balance of the closing costs before the closing.

The real estate prices in Puerto Vallarta vary depending on the property’s location, age, and utilities. The average cost for a condominium in Puerto Vallarta is $450,000. The average price of $450,000 typically includes 1,600 to 2000 square feet (ca. 186 square meters), two bedrooms, two baths, marble floors, brand-new granite countertops, and common areas with a swimming pool. The price ranges from $500,000 to $1,500,000 for someone willing to spend more. These prices would provide some excellent, beautiful, and spacious properties with panoramic ocean views. Condos are the most popular part of the market right now in Puerto Vallarta. 

Yes, foreigners can buy property in Puerto Vallarta. Buying property in Puerto Vallarta is possible for anyone in the whole world. There are, however, specific guidelines that must be followed. Any nationality planning to buy a property in Mexico must enter into a Fideicomiso. The main idea of Fideicomiso is to give foreign buyers the rights of real estate ownership, while a Mexican bank holds the responsibility as the trustee. The fideicomiso is very secure; only banking institutions authorized and regulated under Mexican banking laws serve as fideicomiso trustees. An advance payment of a year of establishment fee and a government fee is required when someone opens a fideicomiso. The bank works with the buyer, the seller, and the lawyers to place the legal title to the property in the fideicomiso. Establishing fideicomiso means foreigners have the freedom to invest in any specific property and use it for whatever they wish without the need to acquire Mexican citizenship.

In most cases, the cost of establishing a Fideicomiso is between $2000 to $3000. Compared to other countries, Mexico is more open to foreign investors and buyers when purchasing real estate property. Mexico’s real estate market is an excellent investment place because it is open to all.

Yes, Puerto Vallarta is safe. Puerto Vallarta is one of the safest places for international travelers visiting Mexico. Local law enforcement is always visible to guarantee safety in the city. Another factor to consider for safety is the weather. Puerto Vallarta has a pleasant climate all year. Its strategic location and the fact that the Sierra Madre Mountains surround it and shield it from the full impact of storms. Most storms heading up to Puerto Vallarta’s coast are diverted and pushed toward the sea and away from the city. In terms of crime rates, Puerto Vallarta crime rate is relatively low compared to its neighboring Mexican cities. Even public transportation is safe in Puerto Vallarta, and it’s the best way to explore the city. Puerto Vallarta and the surrounding areas are female-friendly and safe for solo travelers. Members of the LGBT community need not worry when roaming around the city because Puerto Vallarta is a gay-friendly city in Mexico. However, taking extra precautions when traveling to a foreign land is always a sensible thing to do. Puerto Vallarta is ideal for everyone, regardless of gender. Puerto Vallarta is a conducive place for people who plan to retire or want to enjoy a vacation. People who invest in buying a property in Puerto Vallarta get their money’s worth.

Yes, it is easy to find a property in Puerto Vallarta. Finding a property in Puerto Vallarta only requires browsing different sites that offer numerous properties online. Whether a buyer is looking for a condo unit, a residential house, a commercial space, or other properties, all of these properties are available online.