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Mexico's Homex To Build Beachfront Homes and Condos for Foreigners
One of Mexico's leading homebuilders, Homex, is planning on building beachfront villas and condos in top vacation spots like Puerto Vallarta to sell homes to American retirees and vacationers.
Homex hopes to sell 100 of the homes in 2008 for between $400,000 and $900,000 in its first push into the expatriate market, said Chief Financial Officer Alan Castellanos. The goal is to tap into theincreasing numbers of American retirees as the baby-boom generation looks for retirement homes in warmer ...
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Real Estate Slump? Development Sells $7 Million Lots
In the past weeks, second home sales stateside have decreased dramatically. The National Association of Realtors’ recent report on the vacation home market notes that sales of such properties dipped 31 percent in 2007.
But the picture is quite different in some areas here in Mexico. In Punta Mita, a growing community north of Puerto Vallarta, sales jumped 30 percent last year. St. Regis and the Enchantment group are both building residential and hotel properties there, while a second Jack Nic...
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