BY CHRONICLE STAFF
The second home market in south of the border will be negatively affected by the U.S. sub prime crisis, but Mexico’s real estate sector in general will continue to do well, experts say.
"The second home market (from potential
Pedro A. Azcue, President & CEO, Jones Lang LaSalle Latin America, concurs. "The sub prime thing will spook buyers short-term," he says. "But … that [will] settles down [and] you can’t change the huge dynamics taking place in the
Nevertheless, he does acknowledge that it will have an impact on capital. "It’s had some effects in that some institutions in
But real estate brokers and investors are generally bullish about the outlook for
Azcue agrees. "There’s lots of money moving down [and] lots of activity," he...
Keywords: Guadalajara, Mexico City, Monterrey, Mayan Riviera, Puerto Vallarta