Mexican real estate industry forms marketing coalition
A collection of real estate industry operators in Mexico, including some in the fractional ownership and private residence club sector, have formed a coalition to promote living and investing in the country.
More than 30 real estate and resort developers, title companies, banks, and other companies have formed the MREC (Mexico Real Estate Coalition.) According to Susan Kime in Luxist.com: "It's the first time a coalition like this has been created to advocate for the potential buyers and retirees interested, but yet hesitant, about buying and living in Mexico. This includes the high end fractional and private residence club buyers as well as luxury and mid-level second home purchasers."
The Mexico Real Estate Coalition includes Juan Diaz Rivera of Capella Pedregal, Eduardo Sanchez Navarro of Grupo Questro, Andres Rosetto of Punta Mita, Jorge Carerra of Querencia, Horst Schulze (founder of the Ritz Carlton) and Christopher Hill, CEO of Stewart Title, Latin America, among others.
"Together, the group is taking a proactive stance to educate Americans and others on the benefits of living and for some, retiring in Mexico. The coalition also directly addresses perceptions about Mexico being a dangerous country," says Kime.
"Mexico is a huge country, the total area is 761,606 square miles; it is the 15th largest country in the world. It is also roughly three times the size of Texas, the approximate size of Alaska, or one fifth of the total United States land size. On a more international scale, Mexico is roughly the same size as Spain, the United Kingdom, France, Italy and Germany put together," said Christopher Hill, CEO of Stewart Title, Latin America. "And it is unfair that the problems of a few areas of Mexico could be considered the problems of Mexico as a whole. It is a beautiful, peaceful country. And on MREC's website, www.livemexico.com, there are hundred of people who live in Mexico, and who have retired in Mexico, who have written testimonials to that effect."