Second-home market on the rise in Sayulita, Mexico

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

SAYULITA, Mexico -- While violence and crime are foremost topics when discussing Mexico in the U.S., they are rarely mentioned here. Crime? What crime? The struggling U.S. economy remains the primary concern in most of the country's popular tourist areas, but in this once sleepy town just north of Puerto Vallarta everyone seems to be betting on the uptick. "There has been so much interest in this type of housing project from family and friends alone that I decided to break ground as soon as I could," said Paul Berger, the part-time Seattleite and the money behind Sayulita Preserve, a 26-acre development just within the town's southeast limits. Located between Tepic and Manzanillo this area has been popular with Mexican nationals for generations, especially visitors from Guadalajara, the country's second-largest city. The Sayulita Preserve, which is the largest piece of undeveloped land in town, will include 198 units priced from $216,000 to $425,000 aimed at N...