Tuesday, July 21, 2009

Mexican real estate proven to be wise Investment

Investing in Mexican real estate has proven to be a wise move for many investors. Over the course of the past decade, the Mexican real estate market has consistently been one of the most well performing real estate markets in the world. With a steadily increasing GDP, strong currency and stable government, the conditions in Mexico are ideal for growth in real estate. Mexico has the second largest GDP in Latin America and in 2006 was ranked the most transparent real estate market in Latin America, according to the Jones Lang LaSalle Real Estate Transparency Index.



Mexico continues to be the single most popular international tourist destination for American citizens. The tourist industry, promoted by the Mexican government through its overwhelmingly successful state-backed resort areas, such as Cancun and Cabo San Lucas, provides a constant flow of money and investment into popular destinations.

In addition to this, as more baby boomers--who control 70 percent of the United States' wealth--approach retirement, many will be looking to Mexico as a destination either for retirement or second home ownership. Mexico offers property on impressive beachfront and exotic locales at a fraction of the cost of comparable options in the United States. Favorable exchange rates and close proximity to the United States further elevate Mexico’s status as the premier international location for United States retirees.

Domestic factors also make Mexico a desirable location to invest in real estate. A growing middle class is helping to fuel the strong real estate market in Mexico, shielding the market from economic downturns in the United States.

These factors, including the strong economy, unrivaled tourism industry and increasing demand for real estate both domestically and from foreign investors make investing in Mexico real estate the most secure and appealing option for investors in Latin America.

No comments: