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NAHB Trade Mission Explores Mexican Market
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Craig Lovell, Gerardo Victorica and Sean Parrish, at the penthouse at Paradise Village, participated in an NAHB trade mission to explore opportunities in Mexico's resort and high-end housing boom.
| North American vacationers, retirees and second home buyers are flocking to Mexico to take advantage of its beauty, lifestyle, accessibility and affordability. This wave of popularity is fuelling a demand for housing and represents a new and growing marketplace for enterprising firms willing to expand into Mexico.
To enable builders to explore this growing market, NAHB conducted a trade mission to the Vallarta/Nayarit area of Mexico’s Pacific coast last month so participants could gain first-hand knowledge of the resort and high-end housing boom in the area.
The trade mission included visits to developments and to future development sites along the Banderas Bay and Pacific coast north of Puerto Vallarta. These included Paradise Village, Nuevo Sensara, Las Palmas, Paradise Coves, Litibu, Costa Azul and Real del Mar.
In addition, the secretary of tourism for the State of Nayarit as well as representatives of FONATUR (Mexico’s National Trust for Tourism Development), FIBBA (Fund for Investment in the Bahia Banderas Area), the Cuesta Campos law firm and U.S. Commercial Service provided information about land planning, infrastructure development, property sales, investment and finance, property rights and land ownership in Mexico and along the coastal areas.
NAHB’s trade missions were created to connect members with key players in the housing sector in host countries, tap into a wealth of knowledge and market research information and set the stage for members to explore and pursue future business ventures.
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