Mexico Ranked First as Retirement Mecca

The Edmonton Journal Mexico is home to close to 700,000 U.S. and Canadian citizens who exchanged urban busyness, frigid temperatures and higher living costs for a more relaxed, warmer and inexpensive lifestyle.   Mexico was named the world’s top retirement destination in an annual look at global retirement trends in International Living Magazine. The magazine […]

Private Tourist Investment Totals $2.803 billion USD during First Four Months of Year

From January to April, tourist investments in Mexico have totaled $2.803 billion USD, accounting for 84% of the total annual goal in this area. The SECTUR director noted that during the past 16 months of President Felipe Calderón’s administration, Mexico has accumulated $6.267 billion USD, as a result of which it has achieved 31% of […]

Reimbursement of IVA at Airport is Up and Running

6/4/2008.-As of last Monday, the International Airport of Puerto Vallarta Gustavo Díaz Ordaz has a booth which is reimbursing the Value Added Tax (VAT) to foreign tourists that have made purchases in the country.   The booth is owned by the Mexican company Yvesam Retornos Mundiales S.A de C.V, who obtained a ten year concession […]

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 […]