Americans see real estate gold south of the border

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

(This is Part 2 of a two-part series. See Part 1.) MANZANILLO, Colima, Mexico -- There's a reason the most popular Mexican second-home areas are popular: They got a huge helping hand from the government. Over the past 30 years, the national tourism agency, FONATUR, has created and actively promoted five Integrally Planned Resorts (IPRs) that have become the backbone of Mexico's tourism industry. These resort destinations, which include Cancun, Ixtapa and Los Cabos, have proven themselves to be more successful than many of the country's other destinations, garnering average hotel occupancy rates of approximately 65 percent and capturing approximately 55 percent of the country's foreign revenue from tourism. FONATUR now has plans for several new projects. The Costa Maya Integrally Planned Tourism Project (ITP) is moving forward on the jungled coast south of Cancun; the Nayarit IPR is underway north of Puerto Vallarta; and the Mar de Cortes Project is under study on the upper west coast ...