MEXICO CITY — A sizzling stock market. A strengthening peso. Good economic growth. Someone forgot to tell Mexico that the U.S. has been flirting with recession.
Mexico’s gross domestic product expanded at an annualized rate of 2.6% in the first three months of the year compared with a year earlier, according to government figures released Thursday. [...]
Posted on May 23rd, 2008 by Tropicasa
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May 12, 2008
By: Scott Baltic, Contributing Editor
The launch party will be held Friday and five of 46 condo units are presold, with three more under contract. Not earth-shattering, perhaps, but further evidence that the real estate slowdown is an inconsistent beast.
The first of two towers at Grupo GVA’s $40 million-plus Dos Marias condo project just [...]
Posted on May 12th, 2008 by Tropicasa
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Puerto Vallarta and the Nayarit Riviera represent a “magnet” for tourism. Almost a third of buyers from the United States and Canada prefer it here. This region, together the Mayan Riviera and Los Cabos, are the areas where most properties will be sold this year in Mexico.
30% OF SALES OF NEW RESIDENCES FOR TOURISTS WILL [...]
Posted on May 2nd, 2008 by Tropicasa
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by Jesse Emspak
Investors who took the long view on exchange traded funds in 1998 were rewarded if they went overseas.
Nine of the 10 ETFs with the biggest yearly returns tracked overseas markets, according to Lipper data. Of those nine, four were in emerging markets.
The winner of the group is iShares MSCI Mexico (NYSEArca:EWW - News), [...]
Posted on May 2nd, 2008 by Tropicasa
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By Richard Katzman and Jane Rogers
Monday, 21st April 2008
Foreign investment in Mexican real estate is on the rise and many favorable factors conspire to keep this trend moving forward.
Investors and developers are increasingly looking to Mexico as a land of opportunity. While Mexico’s economy is closely tied to that of the United States and is [...]
Posted on April 23rd, 2008 by Tropicasa
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NAR Investment and Vacation Home Buyers Survey
In spite of a decline in the total vacation and investment home sales, second-home sales accounted for 33% of transactions in 2007. Sales of vacation properties fell 30.6% to 740,000 in 2007 compared to the prior year which boasted a record 1.07 million, while investment-home sales fell 18.1% to [...]
Posted on April 17th, 2008 by Tropicasa
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Vallarta received more than 900,000 passenger through air travel in the first three months. 31,000 MORE FOREIGNERS ARRIVED THIS WINTER…The pall of the economic recession in the United States did not prevent the growth of Northamerican tourism to Vallarta during the winter season that recently concluded. Data from the Pacific Airport Group (GAP) shows that during [...]
Posted on April 16th, 2008 by Tropicasa
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By William Kemble-Diaz
LONDON, April 8 (Reuters) - Real estate mogul Sam Zell sees few opportunities in U.S and European property markets but says undersupplied residential markets in Asia and Latin America remain moneyspinners for adventurous housebuilders.
“Generally speaking, we do not see … any significant opportunities in the developed world,” Zell told a property conference on [...]
Posted on April 10th, 2008 by Tropicasa
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IVA is a value-added tax that is placed on certain goods and services in Mexico (not unlike the VAT tax in Europe). Just as foreign visitors can request a reimbursement of these taxes prior to leaving the EU countries, beginning in June the first phase of the IVA reimbursement plan will go into effect in certain [...]
Posted on April 7th, 2008 by Tropicasa
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Luxury Resort Community to Add St. Regis Resort, Second Jack Nicklaus Course in 2008; New Investments Include Strategic Hotels & Resorts and Enchantment Group
PUNTA MITA, Mexico–(BUSINESS WIRE)–Despite continuing news of sluggish homes sales in the U.S., residential sales rose sharply for 2007 at Punta Mita, a 1,500-acre, master-planned, luxury second-home resort community, located on Mexico’s [...]
Posted on March 31st, 2008 by Tropicasa
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