“Economic Growth in Guadalajara and Puerto Vallarta, Jalisco
Canoa Bienes Raíces
We invite you to learn about the economic development of two outstanding cities in Mexico: Guadalajara and Puerto Vallarta. Get ready to find out how they have changed in the last 5 years
In the last 5 years, Puerto Vallarta has experienced an impressive growth in the construction of residential and tourist developments, with an investment of more than 500 million dollars. This includes luxury condominiums, hotel complexes and exclusive villas.
The average price per square metre has increased by 15%, reflecting growing demand and excellent quality of life. Developers are building everything from condominiums overlooking the Pacific Ocean to residential complexes with world-class amenities.
Guadalajara has become a centre of innovation and entrepreneurship, with a 25% increase in building construction in the last 5 years. The city is a leading destination for real estate investment, with more than US$1.2 billion invested in new projects, including high-end residential complexes, shopping centres and offices.
The real estate market is redefining luxury and comfort, with a 20% increase in the average price per square metre over the past three years, reflecting growing demand and improved quality of life.
In 2020, Guadalajara had a total population of 1.4 million inhabitants, with a slight majority of women. The main countries of origin of migrants arriving in Guadalajara in the last 5 years were the United States, Venezuela and Cuba.
As for Puerto Vallarta, it experienced a population growth of 14.1% since 2010, with a population in 2020 of almost 300,000 inhabitants, almost equally divided between men and women. The main countries of origin of migrants arriving in Puerto Vallarta were the United States, Canada and Venezuela.
Despite challenges such as the COVID-19 pandemic and economic hurdles, Guadalajara and Puerto Vallarta have demonstrated unwavering resilience and turned challenges into opportunities for growth.
Both cities are committed to smart investments for a promising future, with return on investment (ROI) rates in excess of 10% per year in the real estate market. Investing in property in these destinations is attractive to national and international investors alike.
These growths in the housing sector have led to international purchases in Puerto Vallarta in 2023 amounting to US $10.8 million. From January to December 2023, the main countries of origin of Foreign Direct Investment (FDI) in Jalisco were the United States (US $19,483 million), United Kingdom (US $588 million), Germany (US $3,515 million) and Spain (US $3,420 million). The purpose of FDI is to create a lasting link for long-term economic and business purposes by a foreign investor in the host country.
Did you know that Puerto Vallarta has become one of the most sought-after tourist destinations in Mexico? This is due to its vibrant tourist life, infrastructure development and increasing tourist spending. Both Guadalajara and Puerto Vallarta promise a promising future for investors, with urban development projects and economic sustainability. Join us and be part of the economic transformation of these destinations.