A key driver to Puerto Vallarta Real Estate market is that it’s a tourism magnet. Every year tourists from US, Canada, Europe and other parts of world flock to the shores of Puerto Vallarta. Though layman may be thinking of avoiding investing in the property market, savvy investors are of the view that this is the best time to buy property in Puerto Vallarta. Now, you may be inclined to ask why is that? The reasons are many. The world is still in recession with major economies still struggling with crashed real estate market. Mexico got lot of unwarranted negative press due to swine flu travel warnings. These factors have driven down the demand and prices to historic lows. As anyone familiar with Puerto Vallarta and Mexico real estate on the whole knows, these are just temporary cyclic downturn, and the inherent strength of property market in Mexico. Keep in mind that as soon as news of economy recovering trickles in the prices will rebound. So don’t wait for new lows.
To boost investor’s confidence, Mexican government recently announced “Vive Mexico” initiative. The initiate is aimed at Tourism industry which means that any upward trend in the inflow of tourists will have many spinoffs. First of all the Mexico will benefit directly and subsequently local economy will bounce back.
So what exactly is “Vive Mexico?”
It’s a $90 million campaign to revive Mexico’s tourism industry, which has suffered as a result of the swine flu outbreak.
President Felipe Calderon Monday in Mexico City announced the new campaign, called “Vive Mexico” (Long Live Mexico). Many Mexican celebrities joined in the effort to revive the badly hit Mexico industry. The Mexican President said Vive Mexico campaign is not just a promotional campaign, but a national movement calling for the participation of all Mexican citizens. Many celebrities, like Spanish tenor Placido Domingo, Mexican actor Diego Luna and Mexican football player Rafael Marquez, are expected to take part in the campaign to draw tourists back to Mexico.
The funds allotted to campaign will be used to promote Mexico as a premier tourist destination with unparalleled attractions, locations and beauty. The campaign will mainly target Mexico as a tourist destination in North Americas, Europe and rest of the world. All channels of media like radio, television, print etc will be utilized to carry forth the message of the program. Also, celebrities will be used imaginatively to educate the world about Mexico and its rich culture.
The campaign will aim at boosting tourism this summer season. For the Puerto Vallarta real estate this means that tourism, a major contributor to the real estate market here, will benefit a lot. As tourism recovers, all sections of the economy will be injected with a new breath of life.
So all potential investors are advised to consider all these factors wisely before investing in real estate.
Your beachfront real estate in Puerto Vallarta is within your reach. Check out the property listings of Puerto Vallarta, plan correctly to Finance Puerto Vallarta Homes and Condos, and plan for a beautiful future today. Contact Tom Budniak for insight into this booming market.
Author: Tom Budniak
