Mexico’s resort industry is making an impressive recovery with two new national policy changes, allowing Mexican pension funds to invest in real estate and permitting non-Mexicans to own coastal real estate, according to an article by LHB Communications’ Leslie Braunstein published in Urban Land Online. Resort development also is picking up in the US, particularly with amenity-rich second home communities that enhance family bonding experiences.
(Article by Leslie A. Braunstein in Urban Land Online, October 19, 2012) – Resort developers and operators took a hit during the recession, but are making a cautious comeback, according to a panel at ULI’s Fall Meeting. They have learned, said Kim Richards of The Athens Group, that “the one percent is not five percent. […]