It isn’t hard to figure out why so many people decide to buy real estate on the beach in Mexico. The beautiful country has warm weather, stunning beaches, and a rich culture that attracts foreigners who want to buy property in paradise. Specifically, Cancun and Puerto Vallarta are two of the most popular destinations that foreigners choose to invest in real estate. Both destinations have great weather and beautiful beaches, but there are differences in terms of the local lifestyle to consider. In Puerto Vallarta, a great investment opportunity is found at Lemuria Residences, which is a luxury condominium complex in the city’s exclusive South Shore that has some of the best beaches in the area. Lemuria Residences also has world class amenities and services that remind homeowners that they are in paradise. Meanwhile, keep reading below to learn more about real estate in Cancun versus Puerto Vallarta.
Puerto Vallarta: Location and Climate
To start with, Puerto Vallarta is a lovely beach town located on the Pacific coast of Mexico in Banderas Bay, which is the 7th largest natural bay in the world. Surrounded by the Sierra Madre Mountains and lush tropical jungles, Puerto Vallarta enjoys a tropical climate with warm temperatures all year round. For example, the average daytime temperature in PV is around 85°F (29°C), and 70°F (21°C) at night. Overall, Puerto Vallarta has a very pleasant climate that attracts visitors from all over the world. The rainy season occurs from June to October, with August and September being the wettest months. The rainy season brings occasional heavy downpours that usually only last for a short period of time. On the other hand, the rest of the year is relatively dry, with lower humidity and lots of sunny days.
Cancun Location and Weather
Secondly, Cancun is found on Mexico’s northeast coast on the Yucatan Peninsula in the state of Quintana Roo. Cancun is bordered by the Caribbean Sea to the east, and the city is surrounded by other popular tourist destinations including Playa del Carmen and the Riviera Maya. The Yucatan Peninsula has some of the country’s most beautiful white sandy beaches and crystal clear waters. There are also ancient Mayan ruins in the area that showcase the country’s rich culture and history. In terms of weather, Cancun has a tropical climate that is warm and humid all year round. The average daytime temperature is around 80°F (27°C), and around 70°F (21°C) at night. The humidity in Cancun is high during the summer months, and the rainy season in Cancun runs from May to October, and the rest of the year is relatively dry and sunny.
Puerto Vallarta vs. Cancun Real Estate Markets
Next, the Puerto Vallarta real estate market offers a large selection of different types of properties for buyers. There, you can find everything from luxury beachfront properties to affordable condos and houses. In recent years, Puerto Vallarta has experienced a steady increase in real estate prices due to growing demand from foreign buyers. The Puerto Vallarta real estate market is expected to continue growing in the coming years, making it an attractive location to buy vacation homes, investment properties, or for retirement. Likewise, the Cancun real estate market has also been growing rapidly in recent years due to the city’s expanding infrastructure, growing economy, and increasing tourism. The Cancun real estate market is attractive to both local and foreign buyers, and demand for real estate in Cancun is expected to continue growing as the city expands, making it an excellent investment opportunity.
Cancun vs. Puerto Vallarta Real Estate
In terms of property prices, Cancun is a bit more expensive than Puerto Vallarta. For example, the average price per square meter for a home in Cancun is around 10-20% more than in Puerto Vallarta. Both cities have a diverse inventory of properties, ranging from affordable condos up to luxury beachfront villas. In general, the real estate inventory in Cancun is larger than in Puerto Vallarta and has more new construction and development projects underway. In terms of demand, both cities have experienced a growing interest in real estate from foreign buyers, especially from the United States and Canada. Recently, there has been a significant increase in the number of foreigners buying property in Cancun, with around 70% of buyers being foreigners.
In conclusion, both Cancun and Puerto Vallarta have warm and tropical climates with beautiful beaches. The Puerto Vallarta lifestyle is relaxed and welcoming, with an ideal blend of traditional Mexican culture and modern conveniences. In addition, Puerto Vallarta has excellent restaurants, a vibrant arts and culture scene, numerous art galleries, theaters, and cultural festivals throughout the year. Cancun has tons of natural beauty with freshwater cenotes to explore, white sandy beaches, and there are also ancient Mayan ruins in the area as well. If you want to buy beachfront real estate, both Cancun and Puerto Vallarta are great options for buyers who want a vacation home, investment property, or a dream retirement home in paradise. Check out Lemuria Residences in Puerto Vallarta if you want to buy luxury beachfront real estate in Mexico. The upscale and spacious beachview residences are destined to be the best address in town!