There are many people who want to invest in real estate but don't know where to start. When investing abroad, there are many factors that should be taken into account such as the laws and taxes of the country you're looking at. One place that's been gaining popularity is San Pancho in México (San Francisco, Nayarit).
San Pancho is considered part of the Riviera Nayarit, one of the best beach destinations in México. The perfect place to invest in real estate.
It has a lot to offer for those interested including beaches, restaurants, and nightlife. Buying property can be complicated so it's important to do your research before finalizing any decisions. If you want more information on what makes this an attractive destination or how you can invest here then keep reading!
Lifestyle in San Pancho
The lifestyle in San Pedro is very relaxing and welcoming. It's growing at a fast pace and new residents are arriving all the time which has led to an increase in restaurants and other kinds of entertainment. This little town is an amazing beach destination with an amazing beach, a beach-chic style, full of interesting people, clothing boutiques, and surfing stores.
Everything that you need to discover Mexico in a unique way.
Vacation Rental Market
The vacation rental market in San Pancho is on fire.
The town has few luxury boutique hotels, which are usually fully booked. The properties available in Airbnb and other platforms of vacation rentals offer exclusive experiences to their guest. The tourist demand for this area is creating great conditions to invest in buying luxury homes and getting vacation rentals with an easy exit strategy.
According to the website Airbtics.com, the Median Nightly Rate in San Pancho is around $152 USD per night.
If you want to know more properties in San Pancho follow this link
Cost of Property in San Pancho
The cost of buying real estate in San Pancho is not affordable compared to other touristic destinations in México. Locals and foreigners both invest in high-end properties that rent out the rooms to tourists who want to enjoy everything that this part of Mexico has to offer.
San Pancho has created an exclusive destination that tries to keep the exclusive and surfer chic beach vibe. At the same time, there are more tourists who are willing to spend more per night for a luxury vacation rental property.
The prices of real estate are increasing all the time, especially notable in popular neighborhoods close to the beach. The price trends have increased by 200% over the last 10 years and we can expect that this growth will continue for the next years.
The Association of Realtors in Mexico (AMPI) registered in San Pancho 24 houses sold in 2021 at an average price of $ 924,720 USD. The cheapest house sold was $200,000 USD.
About condos, the Association just register one sale which was sold over the asked price at $418,000 USD.
If you want to access the San Pancho MLS, follow this link.
San Pancho is a great place to visit, but it is important to know the laws and taxes before investing in property, always consult with an expert. We hope this article has helped answer some questions about investing in real estate in Mexico, specifically in San Pancho.
For more information, feel free to contact us.
-Your Mexico Real Estate Expert.