A Well-Appointed Cosmopolitan Seaside Retirement You Can Afford
April 2, 2012, Puerto Vallarta, Mexico: Puerto Vallarta, Mexico, is home to an expat community that numbers as many as 10,000 who have chosen this city because it offers one of the most affordable well-appointed and cosmopolitan seaside retirement and lifestyle options in the world.
Dear Live and Invest Overseas Reader,
Until the 1950s, Puerto Vallarta was a small fishing village along a spectacular bay on the Pacific, modestly popular among Mexicans as a beach resort. Then, in 1963, John Huston filmed "The Night of the Iguana" in Mismaloya, a seaside village just south of Puerto Vallarta. The film's star, Richard Burton, was involved with actress Elizabeth Taylor at the time. Taylor followed Burton on location...and the paparazzi followed her. Suddenly Puerto Vallarta was all over the news...and on the map as far as Americans were concerned. It's remained there ever since.
Burton and Taylor both eventually bought houses in Puerto Vallarta and attracted other jet-setters there. About this same time, the Mexican government began to invest heavily in infrastructure in the area, including highways, roads, and public utilities, all of which made Puerto Vallarta more accessible and attractive as a tourist destination. Luxury hotels began to spring up, and American tourists, especially from the Western states, began to flock here.