Recession is rarely comfortable for anyone. A recession in one place usually affects other economies. As the US slides closer to recession, many other countries are wondering if they’re headed in the same direction. Few countries are experiencing a growing economy right now.

No one can predict the future, but the economic indicators in Mexico seem to show little impact from the shrinking of the US economy. Although industrial production was expected to decline in the first quarter as a result of declining orders from US firms, this particular sector showed strong signs of a growing economy. This is a reflection of the broadening diversity of the Mexican industrial sector and new orders that are being placed by firms all over the world.

Tourism has been on a steady increase, and the real estate market in Mexico is booming. Despite tightened restrictions on travel following 9/11, tourism is up, up, up. Tourist-friendly cities are experiencing phenomenal growth as evidenced by the more than two-dozen hotel and condominium projects under construction in Puerto Vallarta right now. If you visit here, it seems like the supply of housing will be endless, but keep in mind that the demand for housing here has far outstripped the supply for several years. The prospect of “extra” housing capacity is welcome indeed!

The first wave of baby boomers entering retirement is one reason that so many housing units are being built. Anticipated demand for housing here is prompting the construction of many residential properties. High-rise condominium complexes are being built right now, with units ranging in the $200,000 to $1,000,000 range.

Don’t let those figures scare you off. Instead, they should encourage you. By building a luxury property on an investment-quality building site, you can practically guarantee yourself a low-cost, high quality retirement, as well as a high resale value.

Select Mexico Properties is selling pre-screened properties in San Pancho, just north of Puerto Vallarta. These hillside building sites are without a doubt the prettiest sites you’ll find for sale along the Pacific coast. For a fraction of its finished worth, you can build a “million-dollar” home here. You can enjoy the property and all that Puerto Vallarta has to offer, or you can sell the property for its appreciated value. Either way, an investment in Puerto Vallarta property will boost your retirement capital.

If you’re ready to learn about the benefits that Mexico’s growing economy can offer you, please contact a Select Mexico Properties sales representative today.

Photo Credit: Afonso Lima