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To see the entire article, please click the International Herald Tribune above. Click the link below to see a video. Click "Back" on the browser to bring you back to our website. CBS News on Mexican Real Estate
Latin America’s resilient housing market
Here is the link to the official announcement from FONATUR, about all of the Mega Projects taking place in different parts of Mexico. Page 16 to 21 is about the Mega Project in Kino Bay - Bahia de Kino.
http://www.cmic.org/mnsectores/turismo/eventos/fonatur221106/CMIC-FONATUR.pdf FONATUR is the driving force behind the Mexican tourism. HERE IS AN IMPORTANT ARTICLE, THAT MENTIONS ABOUT THE COASTAL PROPERTY IN MEXICO AND THE FACT THAT THE APPRECIATION IS VERY HIGH, BECAUSE THERE IS VERY LITTLE COASTAL LAND AVAILABLE. "Mexico has enormous potential when it comes to tourism. It has breathtaking coastlines, especially along the Gulf Coast, and in the near future it will rank along with any country in the world in terms of its touristic infrastructure," said Noval. All of the interest by domestic and foreign developers has caused land prices to rise sharply. In Cancun and Playa del Carmen, the price for a square meter of land was between US$1,800 to US$2,100 in 2006. That has experienced a dramatic upswing in recent months with current prices ranging between US$2,600 to US$3,600 a square meter. "Because of the scarcity of coastal territory for sale (in Cancun and Playa del Carmen) competing developers have inadvertently pushed the market price up," explains Jorge Kasab, director of Costa Realty in Cancun. Puerto Vallarta, which leads the market in sales for property valued US$300,000 or under, has seen a 52-percent increase in its cost of land with prices standing between US$2,500 to US$3,800 a square meter. Equally, Acapulco, the resort which gave birth to Mexico's tourism industry, saw a price hike of 40 percent this year. CLICK HERE TO READ THE ENTIRE ARTICLE "Las Vegas Style Gambling Casinos Soon to be Approved in Mexico".The Mexican Congress is considering passing this new gambling law. This will immediately impact the value on all properties zoned for Hotels. Timing is unquestionably a vital factor. More information about Retiring in Mexico
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Properties For Sale Kino Bay Estates 800 Hectares Property in Kino Bay News About Kino Bay Projects That Will Impact The Property Values in Kino Bay Owning Real Estate in Mexico HOME
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