VALLARTA WILL HAVE A 30% SHARE IN NEW TOURIST RESIDENCES.

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 […]

FOREIGN INVESTMENT

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% […]

31,000 MORE FOREIGNERS ARRIVED THIS WINTER

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 […]

Zell sees open door in emerging real estate markets

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 […]

2007 Second Home Sales Rise by 30% in Punta Mita, Mexico

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 […]

Mexican economy to surpass Canada’s in 16 years: report

John Morrissy, Canwest News Service Published: Tuesday, March 25, 2008  OTTAWA – The economies of Mexico, Brazil, Russia and even Indonesia will surpass Canada’s in the coming years as emerging nations recreate the world’s financial order, a PricewaterhouseCoopers report said Tuesday. In the face of such global competition, “Canada’s share of the global economy is projected […]

UPDATE: KPMG Study Ranks Mexico First In Low-Business Costs

UPDATE: KPMG Study Ranks Mexico First In Low-Business Costs DOW JONES NEWSWIRES Mexico claimed the title as the most cost-effective of 10 countries studied in which to do business, according to a new report by audit and tax advisory firm KPMG. The U.S. leapfrogged its European competitors for third place thanks to the declining dollar. […]