Many Mexican workers in the United States send money home to help support their families. As the economy has turned down in the US, Mexican workers, especially those in construction, have been especially hard hit. Construction in Mexico, particularly in Puerto Vallarta, is at an all-time high, however. The same is true for Mexican real estate investment.

The number of active residential and hotel construction projects has never been higher. This is due in part to the anticipated influx of new residents. Right now, Puerto Vallarta’s population hovers at about 350,000. Within the next seven years, the population here is expected to increase by nearly 75%. Many of Puerto Vallarta’s new residents will be retirees from all over the world who have decided to take advantage of Puerto Vallarta’s low cost of living and high Mexican real estate investment potential.

The cost of prime Puerto Vallarta real estate can be substantial, depending upon the location of the property. Luxury properties are selling well, and owners are generally seeing double-digit year-over-year appreciation.

Luxury construction turns out to be a high-performing Mexican real estate investment. Land, including prime parcels located along the Mexican Pacific Coast, are available at very reasonable cost. Luxury improvements sharply escalate the property’s value.

Currently, Select Mexico Properties has residential building sites in San Pancho that show excellent Mexican real estate investment potential. San Pancho, known formally as San Francisco, is located north of Puerto Vallarta in the Nayarit state, and does not support a large tourism industry, making it the ideal location for luxury residential property.