During the two government administrations of Mexico’s PAN party, the presidents – first Vicente Fox, now Felipe Calderon – have shown their dedication to creating an economic environment favorable to foreign investment, and, consequently to foreign buyers of Mexico Real Estate. Late in August, President Calderon announced that in the three final years of his administration, all necessary measures would be taken to put the economy back on an upward track, putting the economy in a better position to face the challenges of today.

Calderon personally represented his stance by participating in events such as the grand opening of Costco in a community in the state of Hidalgo. At the event he reassured that his government would do everything necessary to draw foreign investment to Mexico, as well as promote domestic investment.

Investment is the magic word in job creation and growth, stated the president. For this reason, Calderon reiterated that his government will continue to provide security to those who invest their resources in Mexico Real Estate and other sectors of this country’s economy. He indicated that they would continue the task of removing insecurity – a task in which they have already take various key steps. The president said that nowadays Mexico has to redouble its efforts take the steps necessary in moving forward, out of the recession. (more…)

These days, the Puerto Vallarta real estate area is a thriving market in metropolitan area of over 600,000. Sixty years ago, very few imagined that Puerto Vallarta would some day experience a boom of international tourism, and expand into the thriving real estate market we know today. The history of one of the city’s key landmarks – Hotel Rosita – marks a special point in the history of Puerto Vallarta. At the time it was built, accommodations in the area were limited to a few rooms in some homes that were offered to travelers; but the vision of one man named Salvador Gonzalez Gutierrez began the formal hotel industry in Puerto Vallarta with the founding of Hotel Rosita in 1948.

Initially only 12 rooms were built, which included one or two beds, a chair and a small dresser with mirror and bathroom. In those days there was no electricity in the village, so at check in each guest was provided with a lamp to light the room. For the water supply each room had a 50 gallon drum, from which the guest drew water directly, without any pipes. (more…)