When it comes to real estate, you might be looking for a residential property or a space that offers tranquil space for vacations, business, and whatnot. What if we could tell you that you can have both?
Today, the area of Mexico with the fastest rate of investment development is Nuevo Vallarta. On top of that, property ownership is a goal for foreigners in Nuevo Vallarta. After all, this place consistently rates among the top five travel destinations, and for good reason!
Read on to discover why properties in Nuevo Vallarta are your next great investments.
The 6 Things to Love about Nuevo Vallarta
1. The Neighborhoods
With safe neighborhoods, young and old couples and families are happy to build a life in Nuevo Vallarta.
Here, the beaches are smooth and flat, making them great for walking and children. Additionally, the traffic is not too bad. Families will value this place’s tranquility
2. The Great Weather
Here, the weather is reliably mild and sunny, making it ideal for sun worshipers. Mexico has attracted millions of tourists for decades due to its temperate environment. Consider buying a house to fulfill your dreams if you can’t help coming here for vacations.
3. The Active Lifestyle
Near Nuevo Vallarta, there are marinas and golf facilities. Facilities for boats and beaches are nearby. Learn more about the marine life in your area by visiting the turtle protection reserve, the study center, and the cetacean facility. Additionally, there are great bars and restaurants nearby.
4. The Valuable Local Culture and Services
Mexicans are becoming more comfortable speaking English. Broad access is also available to the internet, mobile phones, and other means of communication. As a result, it is also simpler for foreigners to live here.
5. The Inexpensive Real Estate
Property ownership is expensive and challenging in Spain, Italy, and other temperate European countries. Nuevo Vallarta is unimportant. Business analysts predict that long-term investment chances will continue to be positive in the future.
6. The Variety of Properties
There is a wide range of properties that are available in Nuevo Vallarta. Here you can buy a home, villa, flat, or condominium. There are also subdivisions and resorts with a wide range of services.
This vast nation south of the frontiers has long been famous for its stunning natural beauty. Due to unexplored areas and lower costs, Mexico is becoming a more popular destination for families. To benefit from this development, consider purchasing a luxury condo or holiday home in Mexico.
Living in Nuevo Vallarta
On the Mexican mainland, foreign buyers are permitted to acquire real estate, but not in restricted areas. These prohibited areas are located 31 miles from the coast and 62 miles from the border. An authorized bank trust, or “fideicomiso,” may help you acquire a residential property in these prohibited areas.
You should be informed that rental income is taxable before buying a vacation home in Mexico. 25% of the rent goes to the owner, the rest must be paid by your renter or property manager to the government. An agreement that Mexico recently inked enables American property owners to pay net taxes in Mexico.
Nowadays, renting a property can cost hundreds of dollars daily, making it alluring to find a property in Mexico that fits your budget. Use a reputable realtor in the region. Local realtors can get you a good deal because they are knowledgeable about the region and have contacts in Mexico’s real estate market.
The vacation town of Nuevo Vallarta is located in Nayarit. Luxury homes, condos, and single-family homes can all be found in this master-planned neighborhood.
Real estate is open to foreign ownership in Mexico. You can lawfully purchase a beautiful Nuevo Vallarta property with the aid of a real estate company.
Conclusion
If you’re looking for a future home, Nuevo Vallarta may just be the dream destination for you in the long run. Now that you know more about this beautiful place, make sure you keep it pinned as one of your top real estate choices–you won’t regret it!
Are you looking for homes for sale in Nuevo Vallarta? MexHome all-in-one real estate agency that gives you everything you need to know about in Mexico. Contact us today to learn more!
