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Investing In Mexican Real Estate Conference 2007

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"Mexican Resorts Show No Sign of Catching U.S. Housing's Cold" Real estate experts in Mexico worry that the giant sound they hear is the softening U.S. housing market sucking out the money that Americans have poured into vacation homes south of the border. But neither the cooling American housing market nor tense Mexican presidential politics so far have stemmed the influx of foreign dollars into Mexico's booming coastal resort areas, government and real estate officials said. When FONATUR, Mexico's tourism development agency, put the first phase of Litibu on the market a few months ago, buyers snapped up the 500 acres of the newest Pacific Coast resort for $125 million. Foreign investment into Mexico is on track to hit $20 billion this year, up from $17.6 billion in 2005, according to the government. – Evelyn Iritani, Staff Writer, L.A. Times, August 26, 2006

When/Where: Saturday, February 17, 2007 8:00 AM - 5:00 PM

Published Wednesday, December 6, 2006 5:54 AM by Kanoa Biondolillo


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