What do Mexico’s declining oil reserves have to do with buying real estate in Mexico? Plenty! Mexico is currently the sixth-largest oil producer in the world and its economy is heavily dependent on oil revenues. With the sharp increase in world crude oil prices, Mexico’s oil reserves are being depleted faster than ever. It’s clear that Mexico cannot continue to depend on oil reserves to fund its economy much longer, so the government has made the decision to promote tourism as a mainstay of the Mexican economy.

To promote tourism, Mexico must make massive investments in infrastructure. The government has committed to making these investments, with the highest priority being established tourist areas. This is great news for Puerto Vallarta and offers improved financial security to investors who are buying real estate in Mexico.

The first infrastructure investments are already being made. A new interstate highway, a new international airport terminal, updated marine terminals, a new convention center, a new water treatment plant and more. In addition, more than two dozen private hotel, resort and residential developments will accommodate even more tourists. Puerto Vallarta welcomes more than 2 million tourists each year and that number will grow substantially.

In addition to the growth in the number of tourists, Puerto Vallarta is expected to increase its population by nearly 75% over the next seven years. Much of the increase in population will be retirees from all over the world who will be buying real estate in Mexico, for its residential and investment value, as well as financial security.

The number of people moving into the Puerto Vallarta area, combined with the elevated role that Puerto Vallarta and other tourist towns are expected to play in the Mexican economy, make buying real estate in Mexico an excellent investment, the likes of which will not come along again in the foreseeable future. If you are buying real estate in Mexico, you won’t find more financial security or a better investment than what Puerto Vallarta is offering right now.

These infrastructure investments in Puerto Vallarta will ensure that the area’s economy is solid for years to come, and will allow Puerto Vallarta to host visitors from both inside and outside of Mexico. The additional investments will also supply much needed steady employment for residents of the area. If you’ve been putting off buying real estate in Mexico, now is the time to move on this opportunity.

Photo Credit: Craig Jewell