vallarta real estate on the rise

Puerto Vallarta real estate has increased as much as 25%

In the second quarter of 2018, condo prices in Puerto Vallarta rose 25%, despite an increase in inventory with more than 500 new units, according to brokerage firm Coldwell Banker.

The average price of a condo in Puerto Vallarta was $310,000 dollars at the end of the second quarter of this year, while during the same period of 2017 they were quoted at $248,000 dollars.

Likewise, the average price per square meter (m2) has an upward trend: the average was about $2,300 dollars per m2 in the second quarter of 2017 and went to $3,000 dollars in the same period of 2018.


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Brock Squire, director of Coldwell Banker La Costa, explained that the reasons for the increase were the new production in the condo market and that there is a lot of foreign demand.

“The location is very important, many of them are condominiums in front of the ocean in places with entertainment: restaurants, bars, malls, all of high-quality,” explained Squire. However, the real estate specialist considered that prices will stabilize in the future.

ElFinanciero.com.mx | Photo by @123milhas

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