Known as "Rocky Point" and "Arizona's Beach," Puerto Peñasco is a vibrant coastal city on the Sea of Cortez in Sonora, Mexico. It has evolved from a small fishing village into a thriving tourist destination, celebrated for its unique blend of desert landscapes and beautiful beaches. With over 320 sunny days a year, it's a convenient and popular getaway for visitors from the U.S. who enjoy its modern resorts, lively atmosphere, and stunning natural beauty.
Why Invest in Property in Puerto Peñasco?
Investing in real estate here offers several compelling advantages:
* Growing Tourism: The city's popularity as a vacation spot ensures a steady demand for rentals, providing excellent potential for rental income.
* Proximity to the U.S.: Its close driving distance to major U.S. cities like Phoenix makes it a highly accessible and convenient location for both travelers and property owners.
* Affordability: Compared to beachfront properties in the U.S., real estate in Puerto Peñasco is often more affordable, with a lower cost of living and property taxes.
* Secure Ownership: Foreigners can securely own property in coastal areas through a bank trust (fideicomiso), which grants them all the rights of ownership.
* Market Appreciation: Ongoing development and continuous tourism growth contribute to the long-term appreciation of property values.