Today’s Arizona Daily Star contains this article, Mexico wooing U.S. investors:
To a baby boomer, it may just be a summer place or a second home. But to Mexican tourism officials and real estate developers, it’s much-needed economic development.
… officials and developers in Sonora, the Mexican state that borders Arizona, expect to see visitation grow by 10 percent by 2009 to 9.6 million people – 70 percent of whom come from Arizona. Today, Sonora has around 5,000 housing units built or under construction primarily for sale to foreign investors. But officials there expect that to grow to 40,000 units in the next 20 years, said Epifanio Paulovich, secretary of tourism in Sonora.
Retirees looking for warm beachfront properties are finding their dollars stretch much further in Mexico, especially compared with similar property along the California coast.
You can catch the whole article here: http://www.azstarnet.com/business/181253.php
(There’s also: ‘Mexican Businessmen Urging Investment‘ from hispanicbusiness.com)
And on that note, I’d like to point out that we’ve got De Frente back up and online after a few months of downtime. We had a few glitches there, but we’re back online, bringing you news from Puerto Peñasco and playing catch-up. There’s a new batch up right now.
For those of you unfamiliar with De Frente, they’re a Spanish-language weekly that covers Puerto Peñasco, Sonoyta, and Caborca. They maintain a Spanish website at defrente.com.mx. Our collaboration, however, means I’ll be bringing you English versions of their stories – and carrying them on defrente.puerto-penasco.com.
I can’t thank the staff at De Frente enough for helping out, and I’m proud to bring their stories to Puerto-penasco.com readers.
