Homex gets into the Tourism Real Estate Market

Desarrolladora Homex, is a home development company that, at least up until most recently, focused on affordable, entry-level and middle-income housing in Mexico. They have become the fastest growing of the major home developers in Mexico in the last two years, based on the percentage increase each year in number of homes sold, revenues and net income. It is one of the most geographically diverse homebuilders in the country. 
Homex is now expanding their product line and this year will begin offering tourism real estate, focusing on the USA/Canadian markets rather than their traditional Mexican market. They have plans for large resort developments across Mexico, including Riviera Nayarit. They have obtained land just west of Punta del Burro on the north shore of the bay and plan to build more than 800 homes in a gated community, with prices starting at around $500,000 USD. This is a price-point that should prove very attractive to potential second-home purchasers.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: