Jorge Perez, President and Owner of The Related Group, has anounced that the company will invest more than $1 Billion in Mexico in the next few years. Perez touts Mexico's "incredible weather and incredible beaches and landscape" as reasons that United States second-home buyers will be drawn to our neighbor to the South. One of the main targets is the U.S. Baby Boomer population, who as everyone now knows has expendable income and accumulated wealth that they will soon be bringing to bear for their retirement. Perez reasons that savvy U.S. consumers will gladly pay $300/sf. for a luxury condo on the beach in Mexico as opposed to prices that are 5 times higher in cities such as Los Angeles and Miami. The first project in The Related Group's plans will begin construction in 6 months in Puerto Vallarta. It will have 336 condos and will have a price tag of $200 Million. The team at All Preconstruction is already working to get details on these projects for our members. Check back soon at www.AllMexicoPreconstruction.com!
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