Speaking ahead of a promotional event in Seattle next week, Antonio Ibarra, Minister of Tourism for the Mexican state of Sinaloa, said that Mazatlan real estate prices had fallen as much as 35% and offer an attractive investment opportunity for American buyers.

He said, "Thousands of American citizens have chosen Mexico as a way to stretch retirement income ... the Mexican economy has resulted in luxury villa to condominium prices that are 35% under market values."

Sinaloa's Ministry of Tourism and Development will host Vive Mazatlan at Seattle's Grand Hyatt Hotel on Thursday, October 29. The event will look at the current recession and the opportunities it has created in Mazatlan real estate as well as other Mexican markets.

Mazatlan, one of the most important ports on the Pacific coast, is located in the southern region of the state of Sinaloa. It is known as the Pearl of the Pacific because of its beautiful beaches and its abundant marine life.

Vive Mazatlan will feature cuisine and entertainment from Sinaloa, Mexico, along with an overview of investment and retirement prospects.

Visit our investment property pages for more about Mazatlan real estate.