In recent years, dollarized properties in Mexico’s prime tourist destinations, including Puerto Vallarta, have emerged as a robust investment option. These properties have demonstrated their strength as a reliable store of value, particularly when compared to alternatives valued in pesos. However, this trend has also contributed to a rapid increase in rental prices, affecting both local residents and investors.
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Puerto Vallarta at a Turning Point Amid Rapid Development and Gentrification Puerto Vallarta, one of Mexico’s most popular tourist destinations, is undergoing a profound transformation as gentrification takes hold. This phenomenon, which involves the influx of wealthier residents and tourists, has sparked significant debate among the local community regarding its impact on the city’s character, economy, and population. The Dual Impact of Investment In recent years,…
Superpeso Falls Again: Mexican Peso Falls Against the Dollar as Markets Await Key U.S. Inflation Data Mexico City—The Mexican peso experienced a decline against the U.S. dollar on Monday morning, ending a three-day streak of gains. The depreciation comes as the market braces for crucial inflation data from the United States, which could have significant implications for monetary policy and economic outlooks on both sides of the border. As of the…
WestJet and Air Transat Increase Flights to Puerto Vallarta from Canada for Winter Season Puerto Vallarta, Jalisco – Canadian airlines WestJet and Air Transat have announced plans to significantly increase their flight frequencies to Puerto Vallarta for the upcoming winter season, anticipating a surge in demand from foreign visitors. This move is set to bolster tourism in the region, providing more travel options for Canadian tourists seeking the warm,…
President López Obrador Announces Completion of Guadalajara-Puerto Vallarta Short Route Before End of Term Puerto Vallarta, Mexico – President Andrés Manuel López Obrador announced that the final section of the Guadalajara-Puerto Vallarta short route will be completed and inaugurated before the conclusion of his administration. This announcement came during his recent visit to the neighboring state of Nayarit, where he inaugurated the penultimate section of the route, greatly enhancing…
Superpeso: Mexican Peso Poised to Gain Against Dollar After Turbulent Week The Mexican peso is projected to strengthen against the U.S. dollar this week, continuing its recent trend driven by robust data from the U.S. economy. Despite a slight decline in Friday’s session, the peso remains on an upward trajectory, reflecting the broader economic dynamics at play between the two nations. As of the latest data…
Crocodile Sightings Increase During Rainy Season in Puerto Vallarta Puerto Vallarta, Mexico – As the rainy season progresses, the likelihood of encountering crocodiles in various areas, including rivers, beaches, seas, and even urban zones, has significantly increased. This is a common phenomenon during this time of year, as these reptiles expand their territory due to rising water levels and changes in their habitat. Armando…
Superpeso: Mexican Peso Strengthens as U.S. Inflation Moderates, Boosting Expectations of Fed Rate Cut The Mexican peso showed significant strength on Wednesday morning, advancing against the U.S. dollar following news that inflation in the United States had slowed its pace last month. This development has bolstered market expectations that the Federal Reserve (Fed) might cut its interest rates in September, providing a favorable outlook for the Mexican currency. As…
Puerto Vallarta Ranks as the Most Expensive City for Rent in Latin America Puerto Vallarta, Jalisco – Puerto Vallarta, a city long celebrated for its vibrant culture and stunning coastal scenery, has now established itself as the most expensive city to rent an apartment in all of Latin America. According to a recent study conducted by Numbeo, the average rental price in Puerto Vallarta has reached $1,095.79 USD…
Puerto Vallarta is Set to Break Historic Hotel Occupancy Records Puerto Vallarta, Jalisco – During the current summer vacation period, Puerto Vallarta, the main tourist destination in Jalisco, has experienced a significant increase in hotel occupancy, reaching 78.6%. This figure is notably higher than the 70.5% recorded during the same period last year, marking a positive trend for the local tourism industry. According to Luis…
Puerto Vallarta Police Remove Homeless People From Beach Puerto Vallarta, Mexico – In a recent operation aimed at maintaining public order and ensuring the safety of one of Puerto Vallarta’s busiest beaches, the Citizen Security Police Station has dismantled several improvised camps occupied by homeless individuals at Holi Beach. The action was spearheaded by Deputy Director of Operations, Carlos Humberto Arce Villaseñor, who,…