Property experts are suggesting that Puerto Vallarta real estate market may benefit from some trends that are likely to emerge post COVID-19.
With workers realizing the viability of working from home and retirees keen to escape populated areas, the coastal region of the Banderas Bay might be the perfect escape for potential buyers.
The Banderas Bay market was trending upwards late in 2019 and early in 2020, before the onset of the virus shutdown period, and is set to be a strong market longer-term.
This trend will be further exacerbated by the current situation, which is forcing people to work from home. Some will make it a permanent arrangement.
With property significantly less expensive, high quality constructions, great beaches and a location just a few hour’s flight from most major US and Canadian cities, it would be a no-brainer for foreign buyers to make the move to the Banderas Bay region.
This was already happening, but I can see it gaining momentum. With the enhancement of technology, companies will start to see that it is a legitimate option.
