If you’ve been paying attention to the Puerto Vallarta real estate market, you know that it is a hot place to be right now. Extensive construction is underway for both resort/hotel and private real estate projects. Investors are snapping up premium Puerto Vallarta properties almost as fast as they are being built, and many developers are pre-selling units within their projects.

Despite what a real estate agent or developer might tell you, a high-rise condominium in Puerto Vallarta won’t provide as much ROI as a stand-alone luxury home will. Premium Puerto Vallarta property is getting hard to come by. Massive tourist resorts are being built all over the city, with special attention being paid to the waterfront.

A better way to profit from premium Puerto Vallarta properties is to buy a parcel outside the city, and build a luxury home there. To benefit from this strategy, properties must be close to Puerto Vallarta, yet be far enough away that the tourist traffic won’t diminish the enjoyment of owning a premium Puerto Vallarta property.

Areas to the north of Puerto Vallarta are being developed right now. Major tourist sites as far north as Punta Mita are being built. Slightly farther north, in Sayulita and San Pancho, investors can reap the benefits of owning premium Puerto Vallarta properties without coming too close to tourist developments.

The peace and quiet of these luxury properties provides substantial value and will attract a certain type of buyer in the luxury segment. Whether you plan to purchase premium Puerto Vallarta properties as an investment or for your own enjoyment, it’s hard to think that you could go wrong by investing in a premium building site in San Pancho.

Currently, about 50,000 US citizens own Puerto Vallarta real estate. Many of these people are retirees, however a growing proportion of owners are those looking to build a second home or investment property. Regardless of why they own Puerto Vallarta real estate, they’ve made an excellent choice in terms of location.

Puerto Vallarata is undergoing significant change and expansion. The Mexican Federal government has committed billions of pesos to the creation, improvement and expansion of infrastructure in Puerto Vallarta. Construction has begun on a new interstate highway system in Jalisco that will connect major cities and tourist destinations, including Guadalajara, Puerto Vallarta, Tequila and Zacatecas.

Puerto Vallarta is also the recipient of a brand new airport terminal that can process more than 800,000 international visitors each year. Recently, the marine terminals were expanded as well and Puerto Vallarta’s water treatment plant produces water that meets US clean drinking water standards.

Combine all of this with the fact that Puerto Vallarta’s population is expected to nearly double by 2015, and the limits that the Mexican government places on foreign ownership of coastal properties, and you’ll understand why so many people from all over are anxious to invest in Puerto Vallarta real estate.

You’ll find many opportunities to purchase vacation properties, resort condos, and timeshares here, but you’ll be selling yourself short if you don’t consider the possibility of building a home on excellent residential Puerto Vallarta real estate. You’ll realize a much better gain by building a luxury property than you will by purchasing an existing structure.

If you’re interested in researching investment in Puerto Vallarta real estate, Select Mexico Properties is a great place to start. SMP has about 100 premium coastal residential building sites available for sale right now in the Riviera Nayarit, about 30 minutes north of Puerto Vallarta.