The New Market and the New Old Values

Market insight by Leticia Diaz Rivera

Feedback: escapes@pedregal.com

Almost two years have passed since we first started hearing about ‘recession’, which turned out to be a global economic crisis. What can we say about it today? As we have learned by now, it is impossible to predict the future. Yes, there are signs that things are slowly, but slowly, starting to return to what we could say balance… Finally! We all want to leave this challenging chapter behind us and go on with our lives. Life goes on, right?

One thing is for sure though. It does seem there will be no going back to the pre-crisis world. Easy to reach prosperity, overall feeling of security and safety we have learned to enjoy before the crash of the global financial system will be hard to reach again in a short term. With this experience, we all have become more cautious of our next steps. We intend to put some income aside for rainy days, and before making a purchase we think twice, sleep it over and rethink again. Business landscape has altered significantly. Car industry gives incentives like never before; real estate prices have come down by 20-40%, giving great opportunities to those who can take their advantage; and even high end fashion industry adapted by giving cautious customers designers’ creative best for a better price.

We are all starting to look again to the future, and with it choosing selectively where to spend our dollar. Where do you do grocery, buy clothes, and have a dinner? Probably there, where they treat you as a valued customer, know their business, show desire to help you solve your need promptly, and give you good value for your money.

Grupo Riveras and our companies – Pedregal in Cabo San Lucas and La Paz, Coldwell Banker Riveras, Pacific Closing Company, Pedregal Escapes Vacation Rentals & Property Management company among others – carry on 35 years old legacy in real estate, started by my father in 1970-ies. We share the same values, passion and belief set out back then, trying to give you the best in real estate, taking care of family – yours and ours, and giving back to society in which we live in. As a group of companies one of our added values is to be able to give our customers more, in every aspect. We have recently opened ESCAPES Club for our valued clients, business partners and readers of ESCAPES, through which we will be presenting you special offers, by the group and our valued partners, enabling you to receive more, in every way. Because it matters, because You matter to us.

For more information about ESCAPES Club write us to escapes@pedregal.com or visit www.escapesmagazine.com.mx