Commercial Real Estate Broker · Guanajuato, Guanajuato · Member since 2016 · 28 posts · 0 votes
Good afternoon. We are developing the financial numbers for a Large CONDO project in Puerto Peñasco in Mexico, Near the actual projects of Mayan Palas Hotel and two other CONDO projects called Encanto and Luna Blanca.
So far the legal aspect and construction financial structure are sound, but we need extra info on the demand side, specially from Phoenix and Tucson (Natural Markets for the CONDOS)
Does anyone have some webpages or statistics that can help me see what is the current demand on this two cities for Mexican condos with Beach front?
Once the project goes ahead I will be posting on this same site the details and will be searching for Brokerage help to sell the condos.
There are still a ton of vacant and unfinished condos in rocky point. I don’t have any statistics for you but I can tell you the demand is slowly growing but the supply is plentiful and condos on the market tend to stay on the market for months.