Future developments
Spanish banks plan a property development project in Quintana Roo
Group Grand Coral announced that it is planning to build the largest real-estate complex in the country with an investment of 3,000 million dollars.
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ATTRACTS FOREIGN PENSIONERS TO HOMES BY THE BEACH
In the last year, a dozen investment and international pension funds with interests in Mexico have appeared on the scene, but only as a tourist residential market. In 2008, it Mexico hopes to receive an investment of more than $10,000 million.
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Bancaja searches for investors to join a project to construct 7,000 residences in Mexico
The president of Bancaja along with the governor of the State of Quintana Roo. Yesterday José Luis Olivas, president of Bancaja, presented himself as “financer and promoter” of an ambitious project in the Quintana Roo region of Mexico, 30 minutes from Cancun International Airport.
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BEACH HOUSE CONSTRUCTION GROWS 17% IN MEXICO
The desire to have a house on the beach has not disappeared from the minds of Mexican and foreign consumers.
During the first six months of 2008, the construction of luxury houses in tourism markets registered an increase of 17%, passing from 41,568 units under construction to 48,497, according to Softec’s data.
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