Investment Property News from Mexico

Mexican Slim "Richest Man In The World"

noreply@blogger.com (Investment Properties Mexico) — Thu, 11 Mar 2010 16:18:56 PST

Mexican businessman, Carlos Slim, was announced the richest man in the world, by Forbes magazine, today.He has half a billion more dollars than Bill Gates and a staggering 6.5 billion more than Warren Buffett.When the prestigious American business magazine released its 2010 list, the Mexican telecoms tycoon became the first person from a developing country to be the world's richest.Slim's

Don't Miss This Wonder Of The World

noreply@blogger.com (Investment Properties Mexico) — Wed, 10 Mar 2010 15:53:51 PST

Later this month, thousands will gather at Chichen Itza Mayan archaelogical site, for an amazing event at this modern Wonder of the World.On Spring Equinox, March 21, they will witness the astounding accuracy of Mayan astronomy in the architecture of the Pyramid of Kulkulkan.The Equinoxes - when the number of hours in the day is equal to those at night - were sacred to the Mayans, whose beliefs

Riviera Maya Hosts Historic Meeting

noreply@blogger.com (Investment Properties Mexico) — Thu, 25 Feb 2010 16:29:40 PST

Leaders of more than 30 Latin American and Caribbean nations meet at an historic event in the Riviera Maya, this week, to launch a bloc that will serve as an alternative to the Organization of American States.Representatives of 32 countries, including about two dozen presidents and prime ministers, are at the two-day summit to create a new regional organization that excludes the United States and

Fantastic Finales To Carnival 2010

noreply@blogger.com (Investment Properties Mexico) — Thu, 25 Feb 2010 16:31:07 PST

Last night saw a fantastic finale to many Carnivals in Mexico for 2010. On "Fat Tuesday" thousands turned out to dance in the streets and watch the boisterous parades. From Veracruz, to Chetumal to Cozumel, Mexican town squares were packed for the official closing events for this year's Carnival and prizes were presented to outstanding Carnival participants, from groups of children to teachers

Mexico Infrastructure Fund Doubles Projects

noreply@blogger.com (Investment Properties Mexico) — Wed, 24 Feb 2010 11:21:43 PST

Top news publication, BusinessWeek, reported today that Mexico’s National Infrastructure Fund will nearly double the number of projects it helps this year to encourage economic growth and create jobs.The Federal fund is used to support private investment in Mexico's highways, waterworks and ports and is authorized to invest 30.4 billion pesos ($2.37 billion) in 42 projects for 2010. Federico

Plans For New Riviera Maya Marina

noreply@blogger.com (Investment Properties Mexico) — Tue, 26 Jan 2010 09:31:00 PST

According to a local media report this week, Spanish construction heavyweight, OHL, is planning to build a new luxury marina in the Riviera Maya.Agustín Sarasola, General Director of Development at OHL, told Noticaribe news website that they are working on the marina's plans with the hotels and real estate developers at the Mayakoba project near Playa del Carmen in the Riviera Maya.OHL has

Tulum Airport Report By Credit Suisse

noreply@blogger.com (Investment Properties Mexico) — Mon, 25 Jan 2010 16:44:24 PST

Credit Suisse have become the latest big international financial name to show interest in the new Tulum airport project.Analysts from the Swiss investment advisers were reported to meet last week with Humberto Treviño Landois, the Mexican Government's Undersecretary for Transport.Pablo Riveroll and Juan Esteban Moctezuma, Credit Suisse's stock market experts in Latin American infrastructure,

Australians Set Up $408 Million Mexico Investment

noreply@blogger.com (Investment Properties Mexico) — Thu, 21 Jan 2010 10:26:25 PST

Australian investment fund, Macquarie Group, announced yesterday the launch of its new $408 million fund which will make massive Mexico investment in infrastructure.Macquarie said they had launched the "Macquarie Mexican Infrastructure Fund" with $59 million of their own money, together with another $81 million from the Mexican government and $268 million from Mexican pension funds.In what is the

New Border Crossing Between U.S. And Mexico

noreply@blogger.com (Investment Properties Mexico) — Fri, 15 Jan 2010 09:48:14 PST

In a move designed to improve trade and transport, the U.S. and Mexico opened a new border crossing, on Monday.The first new border entry point to open in a decade connects the Texas town of McAllen by the Anzalduas Bridge with Reynosa in Mexico.McAllen's Mayor said the crossing cost $100 million and has been 100% constructed with recycled materials.Felipe Calderon, President of Mexico, flew in

Mexico Investment In Airwaves

noreply@blogger.com (Investment Properties Mexico) — Mon, 11 Jan 2010 15:09:46 PST

Mexico will start to auction off cellphone airwaves in May, said the Federal Telecommunications Commission, last week. The move is aimed to encourage investment and increase competition among mobile phone networks.According to a law passed by the Mexican government in 2009, investors will pay annual fees of about $75 million over 20 years for one of the two airwave "blocks" available for new

Starbucks Owes Mexico For Coffee Mugs?

noreply@blogger.com (Investment Properties Mexico) — Fri, 08 Jan 2010 06:47:50 PST

Curious coffee break news from top U.S. financial publication, BusinessWeek, yesterday. They reported that Starbucks may owe money to Mexico for using Aztec images on coffee mugs.An article on BusinessWeek.com said the Mexican government has notified Starbucks Corp. that intellectual property rights for the images of the Aztec calendar stone and the Pyramid of the Moon from the pre-Aztec ruins

10 Reasons To Prosper In 2010

noreply@blogger.com (Investment Properties Mexico) — Tue, 19 Jan 2010 10:56:51 PST

We wish all our readers a very Happy New Year!We argued for much of 2009 that the time was becoming opportune to buy real estate in Mexico.Well now, at the change of the year, the moment is really right and we'd like to share 10 reasons you can prosper in 2010 with Mexico real estate.1) Exchange RatesThe dollar rose about 30% against the peso in 2009. You'll now get around 13 Mexican pesos to

Mexico Investment Bright

noreply@blogger.com (Investment Properties Mexico) — Thu, 31 Dec 2009 05:26:26 PST

Mexico plans to invest $91.2 billion USD in power over the next 4 years, according to a recent new report from the government energy ministry, SENER.Of the bright new Mexico investment, 49% will go to generation, 20.1% to the distribution sector, 18.5% to the transmission sector, 11.6% to maintenance and 0.8% to "other" investments.The recently released 2009-24 forecast breaks down the massive

Prime Port Property: Manzanillo Real Estate

noreply@blogger.com (Investment Properties Mexico) — Thu, 31 Dec 2009 05:21:57 PST

Nestled along the golden Mexican Pacific coast of Colima lays Manzanillo, known as the sailfish capital of the world, with its perfectly warm beach weather and an abundant array of attractions that will truly awaken your senses. Manzanillo real estate is arranged around two large twin bays: Manzanillo and Santiago, offering exotic sunsets and chic resorts, many depicting a Mediterranean-Moorish

UBS To Advise On Tulum Airport

noreply@blogger.com (Investment Properties Mexico) — Wed, 23 Dec 2009 01:57:22 PST

El Universal newspaper reported, last week, that international investment bankers, UBS, will be acting as financial advisers on the new Tulum airport project in the Riviera Maya.The Mexican daily's respected columnist, Alberto Aguilar, wrote that everything is ready to launch the Tulum airport bidding process in January and advisers have been chosen, including UBS, as financial advisers, and

Tulum Land And Beach Access Opens Up

noreply@blogger.com (Investment Properties Mexico) — Wed, 23 Dec 2009 01:17:04 PST

Major improvements to Tulum's infrastructure took another step forward, this week, with the resurfacing of the Kulkulkan road, a new route connecting the main highway with prime Tulum land and beaches.The road improvements make Tulum land along the southern beach strip more accessible. The latest investment forms part of the authorities' fast-moving plans to develop the area in a convenient,

Nayarit Real Estate Gets Ready For Regatta

noreply@blogger.com (Investment Properties Mexico) — Fri, 18 Dec 2009 08:00:33 PST

Organizers announced, yesterday, that the "Bicentennial Edition" Mexico Cup Regatta will take place in Riviera Nayarit in 2010, as part of celebrations to mark the 200th anniverary of Mexico's independence and the passing of 100 years since the Mexican Revolution.The world class sailing race, being held February 27th to March 13th 2010, will be used to promote Mexico and Nayarit real estate as

Mexico Investment: Slim Says Time Is Right

noreply@blogger.com (Investment Properties Mexico) — Sat, 12 Dec 2009 08:05:37 PST

Mexico investment and telecommunications tycoon, Carlos Slim, said this week that now is "the moment to invest" in Mexico.Slim -- the world's third-wealthiest man, according to Forbes magazine -- praised the Mexican government's economic policies and said the favorable exchange rate, low interest rates and promotion of fiscal stability, all add up to make for a great opportunity to invest in

Mexico Mortgage Growth To Ignite Property Market

noreply@blogger.com (Investment Properties Mexico) — Sat, 12 Dec 2009 07:59:22 PST

As Mexico's economy bounces back from recession it looks like growth in Mexico mortgage loans is set to ignite the real estate market.Last month, the federal government-backed mortgage agency, Infonavit, sold almost $200 million of mortgage-based securities through financial markets. The sale attracted foreign buyers: a sign that confidence in Mexico real estate is high.Following on from that

Mexico Health Care Answer For U.S. Reforms?

noreply@blogger.com (Investment Properties Mexico) — Wed, 09 Dec 2009 10:39:55 PST

As the health care reform debate rages in the Senate to the north, many U.S. baby-boomers south of the border have already found their solution for quality, affordable medical treatment.A recent article from Time magazine pointed to the trend of Americans moving to Mexico, not just to relax in the sun, but also to take advantage of Mexico health care.Paul Crist, an expat resort owner in Puerto

Marriott's Mexico Investment To Treble Hotels

noreply@blogger.com (Investment Properties Mexico) — Wed, 09 Dec 2009 05:27:26 PST

Leading US hotel chain, Marriott International, said yesterday it will treble the number of hotels it has in Mexico over the next 10 years, according to a report in the Washington Post.The hotelier's Mexico investment is in partnership with Mexico real estate company Pulso Hotelero and follows the announcement in October of another investment in Mexico by competitor, Holiday Inn for 48 new

Tulum Airport Access Road Planned

noreply@blogger.com (Investment Properties Mexico) — Sun, 29 Nov 2009 09:28:26 PST

The Mexican government has started planning for a new road around Tulum that will give access to the new Tulum airport, reported local newspaper, El Quintanarroense, last week.The Secretariat for Communications and Transport (SCT) has begun topographical work and aerial photographic surveys, said the Mexican daily.In a separate radio interview on Friday, Juan Molinar Horcaditas, head of the SCT,

Cozumel Real Estate To Welcome Home Peace Voyage

noreply@blogger.com (Investment Properties Mexico) — Fri, 27 Nov 2009 11:59:36 PST

After successfully crossing the Atlantic Ocean and the Mediterranean Sea to reach her destination in Greece, the "peace ship" Zamná started her journey back to Cozumel again, last week.The Cozumel real estate market is sure to give her a warm welcome home.In August, the magnificent wooden trimaran set sail from Cozumel on a 4½ month sea voyage to Greece and back, via 15 ports in North America,

Mexico Invests $12 Billion In Gas Pipelines

noreply@blogger.com (Investment Properties Mexico) — Fri, 27 Nov 2009 11:45:47 PST

Mexico's state owned oil company Petroleos Mexicanos, known as Pemex, said earlier this month that there are plans to spend around $12 billion on upgrading its pipeline network.Pemex Chief Executive, Juan Jose Suarez Coppel, said, "The transportation of hydrocarbons and their derivatives via pipelines continues to be the most efficient and safest option."Suarez, formerly Chief Financial Officer

Cabo Team Wins Fishing Championship

noreply@blogger.com (Investment Properties Mexico) — Tue, 24 Nov 2009 12:52:21 PST

The team representing Cabo at the World Championship Billfish Release Tournament in Cabo San Lucas, Mexico, scored a massive eight marlin releases securing the top place overall on the final day of the 10th annual IGFA Offshore World Championship, earlier this month.Many fishing fans are owners of Cabo real estate due to its proximity to great fishing waters and countless top fishing