Montag, 10. März 2008
"We are experiencing trends at a world level. In the US, the population is aging. The baby boomers, who considered retiring in places like Arizona, California, or Florida to retire, are now looking to Mexico as a real option because of its cost and its access to health services", explained Roberto Ordorica, General Director of Prudential Real Estate Investors (PREI).
The favourite destinations for these funds used to finance tourist residential projects are Puerto Vallarta, Cancun, and Los Cabos, consolidated markets in this niche. "Economic stability has fostered an interest in demand at a domestic level when investing in the purchase of weekend homes, and this public is expected to grow,” Ordorica said.
Executives at the Capital Management Group, another active fund in the real-estate investment market, confirmed that even if there is a vigorous market in office buildings and shopping centres, beach locations are also interesting.
According to the executives, compared to destinations such as Costa Rica, Panama, and Brazil, Mexico must take advantage of the fact that it is closer to the American market.
Among the tourist projects underway, the Emerald Residential Tower & Spa in Cancun and Mareazul in Riviera Maya are both highlighted. Both investments come to more than $3,000 million.
"Mexico has become a magnet for Spanish real-estate companies because, besides the fact that there is a cultural affinity, it has shown to be an emerging market that is safe from a financial perspective,” Jordi Mercader, Director of the Grand Coral Master Developer Group, pointed out. This Company recently announced an alliance with IT-Holding to build a beach club and a Fashion Corner with luxury boutiques offering designer names such as Cavalli, Ferre, Galliano, and Versace.
According to the report "Mexican Housing Overview 2008," published by Softec, 18,000 vacation units were sold in 2007, 52.5 % more than the year before.
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