The Next Property Hot Spots

New developments in Mexico and Latin America are springing up everyday.
In a recent article, Newsweek interviewed the CEO of The Related Group, Jorge Pérez, to get his thoughts on the next property hot spots.

"Does your foray into Latin America reflect a belief that the U.S. market is maxed out?"

"It has something to do with it. In a couple of years Miami produced more condominiums than in the last 10. So we looked at Baja, Cancún, Acapulco, Zihuatanejo, Panama, Costa Rica. You find you could get branded properties at a fraction of what you could get in the United States, and as long as those places were safe and relatively stable, we felt that there would be a shift in demand to those locations. That’s where we made our bets. I’ve been plotting doing things in Latin America for at least three years, and places like Puerto Vallarta, Cabo San Lucas and Ensenada are just another natural progression of the American market for second-home ownership and tourism."

To read the entire Newsweek article, please visit:
http://www.msnbc.msn.com/id/18593455/site/newsweek/