Last year 5,000 vacation homes were sold in Mexican
beach towns, according to Softec, a business
consulting firm, and the National Association of
Realtors. Four thousand of the 5,000 properties sold were
new construction, according to Softec.
properties were sold in Rocky Point, Puerto
Vallarta, Ixtapa, Loreto, Puerto Escondido and
The combined total sales figure
came to $1.5 billion, which is fifty per cent above
2004 sales, according to Softec. Non-beach area
properties resulted in fewer than one per cent of
According to Eugene
partner with Softec, Mexico has the potential to
sell 300,000 homes per year with a combined market
value of $150 billion dollars.
Mexico has the potential to sell
one quarter of all world vacation homes, but
significant planning must take place first,
according to Towles.
Increased globalization of the
banking industry will make buying a vacation home
in Mexico simply a matter of dealing with one's
home bank, according to Towles.