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.
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