Living in a Puerto Vallarta Condo is now cheaper! While excellent properties are available at very good prices, there's actually another reason why living on one of the most beautiful beaches is now more accessible; consumer prices have actually fallen in Mexico.
In a world where everything just seems to get more expensive, this comes as refreshing news. A recent report identified the biggest cost decreases in fruit, vegetables and electricity; while these might not be your biggest expenses, they're things you buy and use everyday. Combined with an overall low cost of goods already, lower prices will mean that those who choose to retire in Puerto Vallarta, or live here for any other reason, will notice the difference in their budget; so buyers can enjoy their Puerto Vallarta beachfront condo, with the benefit of saving a little more, or enjoying a few more luxuries.
Here's another benefit of he lower prices. The low consumer prices also mean that inflation is at a low point, motivating Mexico's central bank to maintain all-time low interest rates at 4.5%. For any property buyer, whether they are considering a Puerto Vallarta luxury condo, or an older fixer-upper home, low interest rates for mortgages (the mortgage rates are at about 6.5%) open up more possibilities for financing purchases. Mexico mortgages have been becoming more common for American and Canadian buyers; while the paperwork is still a more drawn out process from what buyers are used to, the low interest rates make buying with through a mortgage a more feasible option.
Whether a buyer is thinking of day to day expenses, or buying a condo with financing, Mexico's current low inflation situation provides some real benefits for saving costs. Living on the beach in Puerto Vallarta is definitely a luxury; the good thing is that it's an option for you at non-luxury prices.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Puerto Vallarta real estate by Michael Green, an expert on Mexican real estate contract law, Green is active in national and state realty boards. Green's excellent service record both in Puerto Vallarta and the U.S, combined with an old-fashioned work ethic and an intimate knowledge of Puerto Vallarta's luxury market, make him the ideal person to consult for real estate transactions. You can contact him at (512) 879-6546.
