While property prices continue to increase in all three stages of Riviera Nayarit, comparable properties in Puerto Vallarta, Nuevo Vallarta, and Punta de Mita are still several times more expensive. And considering what Riviera Nayarit is set to become, investors can count on significant long term capital growth.
The appreciation of private property in the area has been very consistent over the past five years. Based on MLS figures, property values have increased an average of 30% annually since 2002, and with so much demand to be in Riviera Nayarit the trend is expected to continue.
The price of ejido land has also been very consistent over the past five years. Most beach front and ocean view properties have increased and average of 100% annually. This growth can not only be attributed to the demand in the area, but also an increasing understanding of ejido dealings, and how to convert ejido land into private property.
Considering the scope of the Riviera Nayarit project, the large percentage of ejido zoned parcels within Riviera Nayarit, and that very few investors understand how to convert ejido land into private property we expect the trend to continue. All types of investors, from holiday home owners to property developers can be confident that property values are going to continue to rise for many years.