Mexico Real Estate for foreign buyers and investors is closely tied to, and has greatly benefited from heavy investment in tourism on which the government of Mexico has placed a strong focus during the past decade. The benefits for this kind of investment have been seen especially in markets such as Puerto Vallarta Real Estate.
2009 was no exception for emphasis on tourism investment. The current government of Mexico realizes the importance of international tourism and real estate investment, and has consequently decided to invest even larger amounts into the areas where these industries thrive. Up to April, 1.6 billion pesos (about 130 million dollars) had been invested in cultural tourism infrastructure projects. In addition to infrastructure, large amounts of funds were also invested in publicity on an international level.
Both kinds of investment are good news for those considering buying beachfront real estate in Mexico. Investment in cultural and tourism infrastructure means an ongoing improvement of the already high quality of life enjoyed in places like Puerto Vallarta. This means new marinas, new golf courses, kept up boardwalks, etc. While much of this investment is private, the government investment to support and “kick-start" projects is an important indication of the importance the government places on these projects and the support they will continue to enjoy.
Investment in promoting Mexico also helps ensure that tourism numbers will stay high. In additional beautiful beaches and a warm climate, Mexico ranks sixth in UNESCO world heritage sites, both cultural and natural. Promoting these sites has become a key focus in continuing to boost Mexico's image. The government's pro-active approach, seeking ways to strengthen its key industry will bring ongoing economic stability and continue to draw large-scale private investment in projects such as the ones mentioned above.
Puerto Vallarta, a city where tourism is virtually the only industry, is especially well positioned to benefit from this type of investment and promotion. Puerto Vallarta MLS listings include a large number of excellent properties for sale, including condos, homes and villas. As tourism in Mexico continues to grow stronger and receive further investment, owning a property in Puerto Vallarta will become a more attractive option, providing an excellent lifestyle, both relaxing and convenient.