Earlier this month, the Minister of Economy, Eduardo Sojo, announced that direct foreign investment in Mexico reached 23.2 billion dollars, a nearly 21 percent increase from 2006. The 2007 investment was the second-highest ever recorded in Mexico, topped only by the 2001 purchase of Banamex by Citi Group.
This simply underscores what I’ve been saying; there is no better time to invest in Mexico real estate than right now. Foreign investment in Mexico is growing steadily each year. Major sources of direct investment come from the United States, Holland, Spain, France, Canada, Belgium and Luxembourg.
Worldwide, the value of investment in Mexico is recognized and as a result, the value of Mexico real estate is growing. The history of multi-billion dollar foreign investments in Mexico is largely the result of political changes that have taken place in the past ten years. These changes have enabled Mexico to become an emerging economic powerhouse, and investors worldwide understand the value of Mexico real estate.
Puerto Vallarta has been the beneficiary of many of these private investments, as well as major government investments designed to support and encourage the tourist industry in Puerto Vallarta. As a result, investors and commercial developers are snapping up real estate in Puerto Vallarta.
Select Mexico Properties is offering a unique opportunity for residential investors and developers right now. A limited number of prime building sites are being sold in San Pancho, about 30 minutes north of Puerto Vallarta. This is the best opportunity you’ll have to get in on Mexico real estate. Shortly, these parcels will be sold out.
Take a look at the properties that Select Mexico Properties has available, and you’ll agree that you won’t find a better residential development opportunity in the Puerto Vallarta area. Contact a Select Mexico Properties sales representative today and find out how you can ride the real estate investment wave in Puerto Vallarta.
Photo Credit: Marcus Jump
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