Interviewed during the RCI Luxury Marketing Symposium, Eugene Towle, director of the Softec consulting firm, observed that sales of retirement homes to foreigners — primarily Americans and Canadians — have fallen from 18,000 units in 2008 to what may be 4,000 by the end of 2010. Builders of these homes previously employed some 4,000 workers, a figure that has dropped to 1,000. Blamed for the decline is the overall economic situation along with the soaring crime rate in Mexico.
Jimm Budd
Reporting from Mexico City
Member of the Society of American Travel Writers
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