Many Latin economies poised to survive slump

From the 30 May 2008 Miami Herald, BY FEDERICA NARANCIO McClatchy Newspapers WASHINGTON — When the U. S. economy sneezes, Latin American economies catch colds, according to an old saying. Not this time — at least for now. The U.S. crisis triggered by subprime mortgages and rising energy costs will spare most economies in Latin […]

Puerto Vallarta Condo Tower Shows that High-End Market Still Thrives

May 12, 2008 By: Scott Baltic, Contributing CPN 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 […]

Mexico prospering despite U.S. slowdown

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 […]

Puerto Vallarta Condo Tower Shows that High-End Market Still Thrives

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 […]

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 […]