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. […]

Mexico’s economy hums as foreigners pour cash in

February 20, 2008 BY ASSOCIATED PRESS MEXICO CITY — Mexico’s economy grew 3.3 percent in 2007, slightly faster than the government had projected, as foreign investment soared amid a cooling in the United States, the Treasury Department said Tuesday. Gross domestic product, the broadest measure of goods and services produced, was boosted by brisk 4.4 […]

Master Highway Plan Approved for Riviera Nayarit – 7 Billion Pesos to be Invested

An agreement of Governor Ney González Sanchez with the Infrastructure Undersecretary of the SCT, Óscar de Buen, ”will enable a project, wished for by Nayaritas for many years – the highway system of the Riviera Nayarit”, affirmed the Secretary of Planning, Pablo Montoya de la Rosa. ”Already there is a concrete agreement and we have […]

Mexican Housing Booms Despite US Crisis

By Theresa Bradley, Associated Press Writers Mexican Housing Markets Boom, Leads Latin America Despite Crisis in United States MEXICO CITY (AP) — In her bustling corner real estate brokerage, Ana Laura Pulido is doing her best business in years, enjoying a sort of Mexican immunity from the U.S. housing crash. “It’s a time of hope,” […]

New Recycling Laws in Puerto Vallarta

By: R.C. Walker – Grupo Ecològico, (Original article in banderasnews.com) On January 1, 2008 the state law requiring separation of garbage at all levels of the community entered into effect in Puerto Vallarta. Grupo Ecològico de Puerto Vallarta, A.C. hopes that this law will prove to be a major step to encourage recycling in our […]