Great Real Estate Deals in Mexico's Buyer's Market: Beautiful Beachfront Entry Level Investment

March 11, 2011 - PRLog -- According to local real estate agents, the Puerto Vallarta real estate market is solid despite a couple of lackluster tourism seasons -- but it  is undergoing "adjustments" which can mean bargains for people with even a little money to spend.

Rick Slatton, an independent real estate agent in Puerto Vallarta, says that at any given time there are about 7500 properties for sale in the PV area, and many owners who want to sell are feeling the pinch of Mexico's last two seasons for tourism. "Everybody knows tourism will rebound and grow," says Slatton, "since Vallarta is such a world-class destination. But most people who want or need to sell a property can't or don't want to wait. Some of the markdowns we're seeing are a third or more."

Slatton specializes in interesting properties in Puerto Vallarta that are good deals. He defines "interesting" as meaning, "Beauty, value, location, style, design, and/or flexibility such as commercial plus residential together in one building."

"Right now, I have a listing for what may be the most affordable beachfront unit on the market. It's a beautiful studio condo right on Las Gemelas beach -- which is one of the most gorgeous and exclusive beaches in Puerto Vallarta -- for only $99,000, marked down from $112,000, which was already a great deal. (http://www.oldvallarta.com/?p=3676) It's an amazing entry level real estate investment, great for renting out when you're not there. It has a huge common area, spectactular panoramic views of the city, sand, and ocean."

More information on Mexico real estate, and on the Las Gemelas condo, plus other interesting Puerto Vallarta properties, can be found on Slatton's website, http://www.OldVallarta.com

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OldVallarta.com blogs about interesting real estate and interesting things to do in Puerto Vallarta, Mexico.