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Puerto Vallarta Real Estate Attracts More Canadian Miners

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By : Sean O'Neal    99 or more times read
Canadian metals company, Roca, announced at the end of last month that it hopes to acquire up to a 70% interest in a gold and silver mine near Puerto Vallarta in Mexico.

It seems the areas nearby are attracting Canadian mining companies as well as tourists.

The Nuevo Milenio mine project and associated Puerto Vallarta real estate is currently owned by Cream Minerals Ltd, another Canadian company which also has interests in Sierra Leone, Africa.

Roca says taking the majority share in the project will allow revenue growth, broaden exposure to alternative mining-friendly jurisdictions and diversify metals production that could provide a natural hedge to the global economic and financial conditions.

The Nuevo Milenio project is well away from the tourist and coastal areas. It encompasses 6,326 acres (2,560 Ha) and is located 17 miles (27 km) by road from Tepic, the capital city of Nayarit State, Mexico. Tepic is an important commercial centre with a population of over 300,000 people located 93 miles (150 km) northeast of Puerto Vallarta itself.

The rugged natural beauty of the area attracts tourists and international real estate buyers.

The region has many forests, rivers and waterfalls, with an average temperature of 27 C (80 F).

The impressive rock formations of Los Arcos emerge from the bay's crystalline waters, which are great for diving and discovering incredible underwater mountains and steeps.

The city hall in Puerto Vallarta has murals painted by Manuel Lepe, and the Malecon (sea wall) is adorned with romantic bronze sculptures.

What's more, the streets of downtown offer shops and galleries that sell local paintings and sculptures of local artists. The city, known for its top-notch services, also has golf courses, boutiques and a marina, comprising of sail boats and yachts.

Although it is unlikely to affect the Canadian mine deal, houses and land have seen solid gains recently in the Puerto Vallarta real estate market. Now is a good time to do your property research and make an offer while there's still a buyers' market.
Article by RE/MAX Investment Properties Mexico, experts for investing in Puerto Vallarta real estate.

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