Puerto Vallarta’s real estate sector grew 167.8%

Despite the pandemic, unit sales Puerto Vallarta Real Estate According to data from agency Ryan Donor and Associates, it has grown 167.8% over the last two years, effectively doubling total sales.

According to the company, sales in recent years have almost doubled, rising from 1,137 units in 2018 to 1,909 units in 2021 and from $ 350,759,595 to $ 704,155,627 during the same period.

Currently, the company offers more than 500 units with more than 30 developments and its commercial value ranges from 2.4 million to 8.17 million Mexican pesos.

The Kalm 401 stands out among the developments it offers in Puerto Vallarta. This is the development of eight one-bedroom and two-bedroom apartments in three different prototypes, with a construction range of 38-98 m2 and a value of 2.4 million pesos per person. Unit; An oasis of 5.55 million pesos. Development in 30 one-bedroom apartments of 90.7 square meters of construction by D’Vine, 7.26 million pesos or; Conchas Chinas has apartments whose value reaches 8.17 million pesos.

The growth in sales and property value is due to rising demand for condominiums from overseas markets and rising demand for housing in the domestic market. “Apartments in certain areas are sold at historic speeds in Puerto Vallarta,” says Ryan Donner Iassociados.

This real estate growth has been generated over the last five years, changing from a “typical beach town” to multiple development landscapes throughout the urban sprawl phenomenon, and what is happening and this is in terms of service delivery. Concerned about the problems it brings, local governments are blaming corruption.

Real estate development used to be only in the southern part of the city, but is now beginning to expand in areas such as Versal, Fulvial, North Hotel Zone, Marina and Nuebona Yarit. (Nuebo Valjarta), Brucelias, La Cruz de Wanaka Custor, Sayulita, San Pancho, Rode Marcos, Rincon de Guayabitos, etc.

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