“Owning a home is a keystone of wealth…both financial affluence and emotional security.”
Utilizing our exceptional experience and knowledge of the Mexican markets, we serve an extensive and elite client base.
Read about what is happening in real estate market in Puerto Escondido
Puerto Escondido is a beautiful beach town located in the state of Oaxaca, Mexico. In recent years, it has become a popular destination for tourists and ex-pats due to its stunning beaches, laid-back vibe, and affordable real estate prices. In this article, we’ll take a closer look at the real estate market in Puerto Escondido and why it’s such an attractive place to invest.
The real estate market in Puerto Escondido is diverse, with a range of options for both buyers and renters. The most popular properties are beachfront condos and homes, which offer stunning views of the Pacific Ocean and easy access to the beach. There are also more affordable options, including further inland apartments and houses.
In recent years, the real estate market in Puerto Escondido has experienced steady growth due to several factors. One of the biggest drivers of change has been the increasing number of ex-pats and retirees choosing to settle in the area. The relaxed lifestyle often attracts these buyers, affordable cost of living and warm weather year-round.
Another factor driving growth in the real estate market is the increasing popularity of vacation rentals. Many investors are buying properties with the intention of renting them out to tourists, which can be a lucrative source of income in a famous town with tourists throughout the year.
Property prices in Puerto Escondido are generally lower than in other popular beach destinations in Mexico, such as Cancun or Los Cabos. This makes it an attractive option for both local buyers and international investors.
As of 2021, the average price for a beachfront condo in Puerto Escondido is around $250,000 USD, while beachfront homes can range from $500,000 to $2 million USD or more. Properties further inland are generally more affordable, with apartments starting at around $50,000 USD and houses starting at about $100,000 USD.
Rental prices in Puerto Escondido are also very affordable compared to other popular beach destinations in Mexico. As of 2021, the average monthly rent for a one-bedroom apartment is around $500 USD, while a two-bedroom apartment can be rented for about $800 USD per month.
For vacation rentals, prices can vary depending on the time of year and the property’s location. During peak season (December through April), costs for a beachfront condo can range from $1,500 to $3,000 USD per week.
Puerto Escondido offers several opportunities for investors looking for a good return on investment. One of the most popular options is buying a vacation rental property, which can generate yearly income from tourists and vacationers.
Another option is buying a property intending to flip it for a profit. While this can be a riskier investment, it can be very lucrative if done correctly.
Finally, investors can also choose to buy a property for their personal use, with the potential to sell it for a profit as the real estate market in Puerto Escondido continues to grow.
While the real estate market in Puerto Escondido offers many opportunities, there are also some challenges to be aware of. One of the biggest challenges is the need for more infrastructure in the area. While some high-end developments have amenities like swimming pools and gyms, many properties still need these amenities, making them less attractive to buyers and renters.
Another challenge is the need for more reliable public transportation in the area. This can make it difficult for buyers and renters to get around, especially if they don’t have a car.
Finally, investors should also be aware of the potential risks of buying property in a foreign country. While Mexico has a relatively stable government and economy, there are still risks associated with investing in any foreign country. Buyers should research and work with a reputable real estate agent to ensure they are making an intelligent investment.
Puerto Escondido is a beautiful and affordable destination that offers buyers and investors a range of real estate options. With its stunning beaches, warm weather, and laid-back lifestyle, it’s easy to see why so many people are investing in this charming town. While there are certainly challenges to be aware of, with careful research and a good understanding of the local real estate market, it’s possible to make a smart investment in Puerto Escondido that will pay off for years.