According to Federal Ministry of Tourism, in 2012 the State of Sinaloa received a total of $97.88 million in private investments, which was $16.98 million more than in 2011. This growth of 21% placed the State of Sinaloa number seven in the country in receiving private investments to be employed in tourism projects during that year.
The Federal Ministry of Tourism said that the $97.88 million invested in Sinaloa was used in a total of 27 projects, 12 of which were real estate investments.
The municipality of Mazatlán received the majority of the private investments with $80.41 million, followed by Navolato ($11.11 million) and Culiacan ($6.36 million).
Flavio Michel, president of the Mexican Association of Real Estate Professionals (AMPI), said that during the first half of 2013 the real estate sector in Mazatlán saw a 300% improvement and predicted that by the end of the year Mazatlán could have the best year for real estate in the last five years, which could be the beginning of a new “boom” in real estate for the city.
He noted that Mazatlán seems to be overcoming its economic adversity and there is a better perception of safety. Flavio Michel added that the changed perception of Mazatlán has resulted in an increase of 35% of tourists and investors from Durango, Chihuahua, Nuevo Leon, Coahuila, Jalisco and foreign nationals who intend to acquire property, especially once open the Mazatlán-Durango highway is opened.
(from El Sol de Mazatlán)
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