The Vallarta tourism real estate tourism market is made up of both full-time retirees and a second-home owners, primarily from the United States. On average about 40% of buyers are American, with nationals consisting of 30% and Canadians and other foreign buyers making up the remaining 20%. Mexicans favor destinations such as Puerto Vallarta, Los Cabos and Cancun not just for the sun and beach, but also as real estate investment to hedge their pesos as real estate in these regions is priced in USD, rather than in pesos like the rest of the country.