Retire to Mexico, one million Americans have already done so. You can count on certain things when you do
1) Americans are liked by the Mexican people…why would they not welcome you? You are spending your retirement dollars in their country…that means jobs and business for Mexico.
2) You will be safe in Mexico. If you would believe the evening news, Mexico is a war zone. Close to the border, where few retire, it is dangerous due to the drug trade. Including the border violence you are 3 times less likely to be a victim of violent crime in Mexico vs the USA.
3) The Mexicans place much emphasis on family and a simple life. You feel that you have gone back in time when you first arrive in Mexico. Mexico is like the US was 30 to 50 years ago. Mexicans get together for family meals and holidays and take the time to enjoy life at a slower pace. There is nothing wrong with that approach to life. The hectic lifestyle in the US has not yet reached Mexico.
4) Not speaking Spanish will not be a problem. If you have the right attitude, you will be able to get by or find someone willing to translate for you. As anywhere a smile will go a long way in Mexico. Having said that, it is to your advantage to try to learn Spanish. You are a guest in Mexico… show some respect and try to learn Spanish… they will appreciate your effort.
5) How about health care? In the US we have the best health care in the world…it is also the most expensive health care in the world. After you have lived in Mexico one year you can apply for IMSS insurance…it will cost you $270 a year for full coverage for doctor visits, hospitalization and prescriptions. many Mexican doctors trained in the US. You will find the level of care to be very good.
So retire to Mexico, where $1500 to $2000 a month, is the average budget to live very well. That is eating out frequently and hiring domestic help. You will also have some company, over one million Americans have already retired to Mexico.
Retiring to Mexico will give you a slower more relaxed pace of life. You will be able to afford a standard of living not possible in the US for the same money. Before you go you should obtain the latest, up-to-date information about Mexico. Many Americans have lived in Mexico for years…take advantage of their experiences. Here is how to obtain that information.
Get your owners guide to Mexico if you want to Retire to Mexico. For further information on Mexico and other enjoyable, cheap ways to retire visit Frugal Retirement Living . You will be glad you did.
by Gary Pierce
Sunday, February 14, 2010
Wednesday, February 3, 2010
Mexico Real Estate Financing Options Grow - Mortgages in Euros
Yucatan Real Estate has recently presented a new Mexico Real Estate financing option, offering mortgages in Euros. This move is significant as a part of the growing number of possibilities for foreigners to finance real estate through Mexican banks.
Yucatan Real Estate has recently taken another step forward in the area of mortgages for foreigners. This year, 2010, BBVA Bancomer will become the first bank in Mexico to offer mortgages in Euros. While this move is part of a specific promotion for a real estate development in Campeche, on the Gulf shore of the Yucatan Peninsula, it is an indication of the progress that Mexico Real Estate on the whole has seen recently in the area of mortgages for foreigners through Mexican banking institutions.
Offering mortgages in Euros is a part of Bancomer's sales strategy for the a golf and marina resort in Campeche, being developed by a Spanish group. The President of the developer explained that BBVA Bancomer will provide the financing option to buyers in Europe who are interested in any of the condos or homes that will be part of the eco-tourism mega project that is being built on the Yucatan Peninsula, and will be the largest on the Gulf of Mexico.
This is the first time that mortgages in Euros are being granted in Mexico and BBVA Bancomer is the first Mexican bank to make this offer. The plan was finalized on January 21, 2010.
While the current offer is exclusively for customers of the specific development on the Yucatan, this project holds its key importance as another possibility for foreign real estate buyers who wish to obtain a mortgage through a banking institution in Mexico.
During the past decade, international buyers have seen their options for financing Mexico real estate purchases grow tremendously. Until recently, buyers either had to pay in cash, or seek financing options in their home country. Although regulations are stricter, and the process is longer than in other countries, the fact that Mexico now offers mortgages opens many options for foreigner buyers who wish to keep their funds or properties in their home country free for other investments.
During 2009, more non-Mexican real estate buyers have taken advantage of these options, taking a mortgage from a bank in Mexico itself. As more buyers use this financing tool, and further possibilities are opened, such as the mortgage in Euros that is currently being introduced in Yucatan, even more buyers will begin to see this a viable financing option
Yucatan Real Estate has recently taken another step forward in the area of mortgages for foreigners. This year, 2010, BBVA Bancomer will become the first bank in Mexico to offer mortgages in Euros. While this move is part of a specific promotion for a real estate development in Campeche, on the Gulf shore of the Yucatan Peninsula, it is an indication of the progress that Mexico Real Estate on the whole has seen recently in the area of mortgages for foreigners through Mexican banking institutions.
Offering mortgages in Euros is a part of Bancomer's sales strategy for the a golf and marina resort in Campeche, being developed by a Spanish group. The President of the developer explained that BBVA Bancomer will provide the financing option to buyers in Europe who are interested in any of the condos or homes that will be part of the eco-tourism mega project that is being built on the Yucatan Peninsula, and will be the largest on the Gulf of Mexico.
This is the first time that mortgages in Euros are being granted in Mexico and BBVA Bancomer is the first Mexican bank to make this offer. The plan was finalized on January 21, 2010.
While the current offer is exclusively for customers of the specific development on the Yucatan, this project holds its key importance as another possibility for foreign real estate buyers who wish to obtain a mortgage through a banking institution in Mexico.
During the past decade, international buyers have seen their options for financing Mexico real estate purchases grow tremendously. Until recently, buyers either had to pay in cash, or seek financing options in their home country. Although regulations are stricter, and the process is longer than in other countries, the fact that Mexico now offers mortgages opens many options for foreigner buyers who wish to keep their funds or properties in their home country free for other investments.
During 2009, more non-Mexican real estate buyers have taken advantage of these options, taking a mortgage from a bank in Mexico itself. As more buyers use this financing tool, and further possibilities are opened, such as the mortgage in Euros that is currently being introduced in Yucatan, even more buyers will begin to see this a viable financing option
Sunday, January 31, 2010
Mexico Land Development to Benefit from Streamlined Private Investment Processes
In recent decades, the development of the Mexico Land has been made easier and more profitable as a result of policies which have encouraged and facilitated private investment in the top real estate areas. A key attraction for buyers is the extent to which the infrastructure has been developed, making for a very high quality of life for non-Mexicans who build their dream home in Mexico, and supporting potential for high return for foreigners who invest in Mexico Land.
Early in October 2009, President Felipe Calderon announced plans to encourage private investment in infrastructure projects further by accelerating various parts of the process. The package of reforms seeks to modify six legal regulations related to construction industry and the involvement of private funds in that industry.
Included in the president's plan is an proposal for the creation of a Public-Private Partnerships Act. This measure in particular is aiming to attract private capital with a specialized legal framework.
Calderon said that costs would be reduced by 15% to 30% by eliminating administrative "bottlenecks" that currently do not permit full implementation of these contracts. In addition the government would give incentives, such as private infrastructure concessions up to 60 years.
As a result of implementing these reforms the federal government estimated that for 2010 private funds and other investment mechanisms would account for around 80 billion pesos (~ $6 billion dollars) in infrastructure development in the country and that by 2012 it would be just over 125 billion pesos (~ $10 billion dollars).
These reforms, while streamlining of processes of private investment and encouraging the trend to promote and facilitate private investment in infrastructure, will in turn promote investment in Mexico Land by offering stronger infrastructure support for this type of investment. The new measures are another step forward in providing funding for the continual growth and improvement in key real estate areas.
by: Thomas Lloyd
Early in October 2009, President Felipe Calderon announced plans to encourage private investment in infrastructure projects further by accelerating various parts of the process. The package of reforms seeks to modify six legal regulations related to construction industry and the involvement of private funds in that industry.
Included in the president's plan is an proposal for the creation of a Public-Private Partnerships Act. This measure in particular is aiming to attract private capital with a specialized legal framework.
Calderon said that costs would be reduced by 15% to 30% by eliminating administrative "bottlenecks" that currently do not permit full implementation of these contracts. In addition the government would give incentives, such as private infrastructure concessions up to 60 years.
As a result of implementing these reforms the federal government estimated that for 2010 private funds and other investment mechanisms would account for around 80 billion pesos (~ $6 billion dollars) in infrastructure development in the country and that by 2012 it would be just over 125 billion pesos (~ $10 billion dollars).
These reforms, while streamlining of processes of private investment and encouraging the trend to promote and facilitate private investment in infrastructure, will in turn promote investment in Mexico Land by offering stronger infrastructure support for this type of investment. The new measures are another step forward in providing funding for the continual growth and improvement in key real estate areas.
by: Thomas Lloyd
Using Your IRA or 401K to Invest in Mexican Real Estate
By: Charles
Sipe With the stock market in flux and the price of commodities high, many investors are trying to find other vehicles for building and diversifying their retirement portfolio. One way to diversify individual retirement investments is to use your IRA or 401(k) to invest in real estate. Qualified retirement money can be accessed to include personal real estate ownership, whether it be a second home, investment property or commercial/office space.
With Mexico real estate prices just starting to recover from the global recession, investors can purchase homes at significant discounts. Recent prices for coastline homes in popular Baja Mexico ranged from $100K to $1 million².
There is more than one way to invest in real estate using an IRA or 401K and it is important for investors to consult with a financial planner or tax advisor who is knowledgeable in this area to determine the best method of investment.
One method is to have the IRA partially or completely fund the real estate purchase but have the property owned outside of the IRA. Multiple IRA owners can own the same property and there are no limitations on what type of property can be purchased and whether or not the IRA holder can reside in the property¹.
The other method is to have the real estate owned within an IRA. One limitation of this method is that the IRA holder cannot live in the property owned by the IRA. Any proceeds from the property must go back into the IRA¹.
As the real estate market in Mexico recovers, using your IRA to invest in Mexican real estate can be a smart way to diversify your retirement portfolio and grow your real estate holdings.
Sources:
1. Purchasing a Second Home Using IRA or 401k Rollover -Solutions Abroad
2. Home Hunting in…Mexico -NY Times
Sipe With the stock market in flux and the price of commodities high, many investors are trying to find other vehicles for building and diversifying their retirement portfolio. One way to diversify individual retirement investments is to use your IRA or 401(k) to invest in real estate. Qualified retirement money can be accessed to include personal real estate ownership, whether it be a second home, investment property or commercial/office space.
With Mexico real estate prices just starting to recover from the global recession, investors can purchase homes at significant discounts. Recent prices for coastline homes in popular Baja Mexico ranged from $100K to $1 million².
There is more than one way to invest in real estate using an IRA or 401K and it is important for investors to consult with a financial planner or tax advisor who is knowledgeable in this area to determine the best method of investment.
One method is to have the IRA partially or completely fund the real estate purchase but have the property owned outside of the IRA. Multiple IRA owners can own the same property and there are no limitations on what type of property can be purchased and whether or not the IRA holder can reside in the property¹.
The other method is to have the real estate owned within an IRA. One limitation of this method is that the IRA holder cannot live in the property owned by the IRA. Any proceeds from the property must go back into the IRA¹.
As the real estate market in Mexico recovers, using your IRA to invest in Mexican real estate can be a smart way to diversify your retirement portfolio and grow your real estate holdings.
Sources:
1. Purchasing a Second Home Using IRA or 401k Rollover -Solutions Abroad
2. Home Hunting in…Mexico -NY Times
Friday, January 15, 2010
Mexico Mortgage Loans To Ignite Market
By: Investment Properties Mexico
Mexico mortgage loans will show solid growth in 2010, according Mexico’s largest bank, Grupo Financiero BBVA Bancomer.
The news fuels expectations that expanding Mexico mortgage loans will ignite the Mexico real estate market in 2010.
Speaking at a press conference last month, Ignacio Deschamps, Bancomer’s president and chief executive, said “Credit will grow in a dynamic way at Bancomer in 2010 … we will seek double-digit growth in all of our portfolios”.
Deschamps expects Mexico mortgage and small business loans to grow more than 20% in 2010.
Earlier in 2009 the federal government-backed mortgage agency, Infonavit, sold almost $200 million of Mexico mortgage-based securities through financial markets and a top Citigroup banker said Mexican bank loans will grow at a faster rate than the economy.
Mexico mortgage loans at Bancomer expanded 1% to MXN118.41 billion in 2009 and further growth in 2010 will depend to a large degree on a recovery in consumer lending, Deschamps said.
The Mexico mortgage cash will give the already buoyant Mexican property market a significant extra boost, adding to the reasons to invest in Mexico real estate in 2010.
Visit the author’s website to find out more about the real estate market, and Mexico mortgage and loan information.
Mexico mortgage loans will show solid growth in 2010, according Mexico’s largest bank, Grupo Financiero BBVA Bancomer.
The news fuels expectations that expanding Mexico mortgage loans will ignite the Mexico real estate market in 2010.
Speaking at a press conference last month, Ignacio Deschamps, Bancomer’s president and chief executive, said “Credit will grow in a dynamic way at Bancomer in 2010 … we will seek double-digit growth in all of our portfolios”.
Deschamps expects Mexico mortgage and small business loans to grow more than 20% in 2010.
Earlier in 2009 the federal government-backed mortgage agency, Infonavit, sold almost $200 million of Mexico mortgage-based securities through financial markets and a top Citigroup banker said Mexican bank loans will grow at a faster rate than the economy.
Mexico mortgage loans at Bancomer expanded 1% to MXN118.41 billion in 2009 and further growth in 2010 will depend to a large degree on a recovery in consumer lending, Deschamps said.
The Mexico mortgage cash will give the already buoyant Mexican property market a significant extra boost, adding to the reasons to invest in Mexico real estate in 2010.
Visit the author’s website to find out more about the real estate market, and Mexico mortgage and loan information.
Friday, January 8, 2010
Private Investment in Mexico’s Tourism Sector Booming
Exceeding US$11.6 billion, private investment in Mexico’s tourism sector has already surpassed federal goals for the 2001 to 2006 period by 29 percent, reports Sectur in its latest comprehensive study on the subject. Domestic and foreign private investment reached the original US$9 billion goal in June 2005, after increasing at least 12 percent annually since 2002.
The report also shows that interest in Mexico’s famous beaches remains high, with the sun and beach segment outpacing all other tourism products by garnering 48 percent of private investment. Three coastal states also ranked in the top three in amount of private investment received: Guerrero State (US$2.63 billion), Quintana Roo State (US$2.47 billion) and Nayarit State (US$92.5 million) captured almost 52 percent of the total amount invested between 2001 and 2006.
Approximately 89 percent of private investment in Guerrero went to tried-and-true beach resort Acapulco on the Pacific Ocean, whereas 82 percent of the private investment Quintana Roo received was channeled to the Mexican Caribbean hot spots Cancun and Riviera Maya. More than 60 percent of Nayarit’s private investment went to the Pacific resort town of Nuevo Vallarta.
Rounding out the top Mexican five states receiving the highest amount of public investment are border states of Baja California (US$86.3 million) and Sonora (US$78.4 million). Together, the states on the U.S./Mexico border, which also include Chihuahua, Coahuila, Nuevo Leon and Tamaulipas, received 19 percent of private investment in Mexico, ranking the region second overall.
Among the northern region’s major tourism attractions are Copper Canyon in Chihuahua; the La Quemada archaeological sites in Zacatecas; the bustling city of Monterrey in Nuevo Leon and 200,000-acre Cuatro Cienegas Valley in Coahuila. International sources account for 25 percent of all private investment, with the United States as the top foreign investor in Mexico’s tourism infrastructure.
Mexico has long been taking strategic steps to stimulate tourism and attract private investors through its National Trust Fund for Tourism Development, Fonatur. This government agency is responsible for conceiving, planning and building five sea-side tourism destinations – Cancun, Los Cabos, Ixtapa, Loreto and the Bays of Huatulco – since its 1974 inception.
These resorts areas generate 54 percent of foreign revenue entering the country from tourism and benefit from a master plan, urban-resort planning mechanisms, and annual construction programs and enforcement.
Because fomenting international tourism is a national priority for Mexico, the country’s regulatory framework legally protects foreign investors. Mexico allows foreign investors to have ownership in the majority of economic fields and activities, including real estate, allowing 100 percent participation in shared capital. Investors are also offered a profitability guarantee and investment security through Fonatur.
In addition to the ease of investing in Mexico, investors are also attracted by the security of investing in a proven destination: Mexico is the world’s seventh most-visited country and ranks 12th in terms of foreign revenue earnings from tourism; in both categories, it is the leader in Latin America.
Fonatur’s efforts have been recognized by industry organizations such as the Live in Spain association, which honored the agency with its development and promotion of residential tourism award during the 2006 edition of the Madrid Real Estate Exhibition.
About Fonatur
Created in 1974, Mexico’s National Trust Fund for Tourism Development (Fonatur) is the premier developer of integrally-planned tourism destinations in Mexico and has created such world-class resort areas as Cancun, Ixtapa, Loreto, Los Cabos and more recently, Huatulco. To diversify the nation’s tourism industry and give it a more competitive edge, Fonatur builds and promotes new tourist resorts that meet market demand and at the same time spur social change in different parts of the country. Fonatur often serves a joint venture partner for private investors who want to benefit from participation in Mexico’s high-quality tourism development programs. For more information on Fonatur, visit www.fonatur.gob.mx.
About the Mexico Tourism Board
The Mexico Tourism Board (MTB) brings together the resources of federal and state governments, municipalities and private companies to promote Mexico’s tourism attractions and destinations internationally. Created in 1999, the MTB is Mexico’s tourism promotion agency, and its participants include members of both the private and public sectors. The MTB has offices throughout North America, Europe, Asia and Latin America.
FOR PRESS ONLY: For additional ideas, help with a story or general travel and tourism information about Mexico, please contact the MTB’s North American Press Room directly at 1-800-929-4555, by e-mail at northamericanpress@visitmexico.com, or visit our press Web site at www.visitmexicopress.com. To access an online warehouse of free, downloadable b-roll, visit www.thenewsmarket.com/visitmexicopress.
# # #
Erick Laseca
Mexico Tourism Board
312-228-0517 x14
erick.laseca@bm.com
The report also shows that interest in Mexico’s famous beaches remains high, with the sun and beach segment outpacing all other tourism products by garnering 48 percent of private investment. Three coastal states also ranked in the top three in amount of private investment received: Guerrero State (US$2.63 billion), Quintana Roo State (US$2.47 billion) and Nayarit State (US$92.5 million) captured almost 52 percent of the total amount invested between 2001 and 2006.
Approximately 89 percent of private investment in Guerrero went to tried-and-true beach resort Acapulco on the Pacific Ocean, whereas 82 percent of the private investment Quintana Roo received was channeled to the Mexican Caribbean hot spots Cancun and Riviera Maya. More than 60 percent of Nayarit’s private investment went to the Pacific resort town of Nuevo Vallarta.
Rounding out the top Mexican five states receiving the highest amount of public investment are border states of Baja California (US$86.3 million) and Sonora (US$78.4 million). Together, the states on the U.S./Mexico border, which also include Chihuahua, Coahuila, Nuevo Leon and Tamaulipas, received 19 percent of private investment in Mexico, ranking the region second overall.
Among the northern region’s major tourism attractions are Copper Canyon in Chihuahua; the La Quemada archaeological sites in Zacatecas; the bustling city of Monterrey in Nuevo Leon and 200,000-acre Cuatro Cienegas Valley in Coahuila. International sources account for 25 percent of all private investment, with the United States as the top foreign investor in Mexico’s tourism infrastructure.
Mexico has long been taking strategic steps to stimulate tourism and attract private investors through its National Trust Fund for Tourism Development, Fonatur. This government agency is responsible for conceiving, planning and building five sea-side tourism destinations – Cancun, Los Cabos, Ixtapa, Loreto and the Bays of Huatulco – since its 1974 inception.
These resorts areas generate 54 percent of foreign revenue entering the country from tourism and benefit from a master plan, urban-resort planning mechanisms, and annual construction programs and enforcement.
Because fomenting international tourism is a national priority for Mexico, the country’s regulatory framework legally protects foreign investors. Mexico allows foreign investors to have ownership in the majority of economic fields and activities, including real estate, allowing 100 percent participation in shared capital. Investors are also offered a profitability guarantee and investment security through Fonatur.
In addition to the ease of investing in Mexico, investors are also attracted by the security of investing in a proven destination: Mexico is the world’s seventh most-visited country and ranks 12th in terms of foreign revenue earnings from tourism; in both categories, it is the leader in Latin America.
Fonatur’s efforts have been recognized by industry organizations such as the Live in Spain association, which honored the agency with its development and promotion of residential tourism award during the 2006 edition of the Madrid Real Estate Exhibition.
About Fonatur
Created in 1974, Mexico’s National Trust Fund for Tourism Development (Fonatur) is the premier developer of integrally-planned tourism destinations in Mexico and has created such world-class resort areas as Cancun, Ixtapa, Loreto, Los Cabos and more recently, Huatulco. To diversify the nation’s tourism industry and give it a more competitive edge, Fonatur builds and promotes new tourist resorts that meet market demand and at the same time spur social change in different parts of the country. Fonatur often serves a joint venture partner for private investors who want to benefit from participation in Mexico’s high-quality tourism development programs. For more information on Fonatur, visit www.fonatur.gob.mx.
About the Mexico Tourism Board
The Mexico Tourism Board (MTB) brings together the resources of federal and state governments, municipalities and private companies to promote Mexico’s tourism attractions and destinations internationally. Created in 1999, the MTB is Mexico’s tourism promotion agency, and its participants include members of both the private and public sectors. The MTB has offices throughout North America, Europe, Asia and Latin America.
FOR PRESS ONLY: For additional ideas, help with a story or general travel and tourism information about Mexico, please contact the MTB’s North American Press Room directly at 1-800-929-4555, by e-mail at northamericanpress@visitmexico.com, or visit our press Web site at www.visitmexicopress.com. To access an online warehouse of free, downloadable b-roll, visit www.thenewsmarket.com/visitmexicopress.
# # #
Erick Laseca
Mexico Tourism Board
312-228-0517 x14
erick.laseca@bm.com
Saturday, December 26, 2009
Ten Reasons to buy Mexico Real Estate in Year 2010
Missed the Mexico Real Estate bus in the year 2009? Year 2010 is approaching fast. After a rollercoaster ride in 2009, what does the year 2010 holds for Mexico Real Estate? One thing is for sure, recession is nearing its end worldwide and the coming year promises to be a lot better year for Mexico Real Estate.
1) Emerging Markets leading the fight against recession: Developing countries with great growth outlook like China , India and Brazil have taken the lead in fighting recession and have seen registered growth in economy even as the developed countries were trying to get out of recession.
Mexico due to it's proximity to United States and low manpower cost is poised to be the next success story.
2) Secure and Stable Economic Environment: If you scratch the surface beneath those exaggerated news reports on crime and H1N1 flu, you will find that a large part of Mexico is peaceful and stable. Mexico is very popular with tourists, retirees, expats and real estate investors and this is a proof that Mexico is a safe & secure investment destination. This makes it very conducive to future economic growth.
3) Upward trend in Mortgage Loans: Mexico mortgage lending is slated to boom next year which means increased liquidity in market leading to increased buying. With market flush with money, the demand will rise and hence, prices will go up. Investors buying early in 2010 stand to gain more due to prospect of increase in Mexico Real estate prices later.
4) Improvement in Infrastructure: Mexico is witnessing government spending in the area of infrastructure development. New airport in Riviera Maya, sea port on the Pacific coast and improvement in highway and road network, all will bring good news in the year 2010.
5) High Quality healthcare: Mexico offers high standards of healthcare services. For this reason, for decades, retirees have been living in Mexico without any concern regarding the quality and price of healthcare.
6) Tropical Climate: The warm, sunny climate in Mexico makes it irresistible to people seeking relief from cold weather in their native counties like Canada.
7) Dollar vs. Peso: The US dollar continues to get stronger and hence living costs in Mexico are cheaper then they were a year back and quality of life in Mexico is just as in US or Canada.
8) Favored destination for celebrities: Mexico is a favorite destination for Hollywood and other celebrities with many owning Real Estate in Mexico . There is a good chance that you may get to see a Hollywood actor/actress in Mexico.
9) World class Real Estate developments: Mexico offers world class and a wide range of real estate projects. From beachfront villas to condos to traditional houses, Mexico has a lot to offer for everyone.
10) Culture and Natural beauty: Mexico is a country blessed with ecological beauty, friendly people and rich culture. Foreigners are welcomed here with a big smile and open arms.
By Tom Budniak
1) Emerging Markets leading the fight against recession: Developing countries with great growth outlook like China , India and Brazil have taken the lead in fighting recession and have seen registered growth in economy even as the developed countries were trying to get out of recession.
Mexico due to it's proximity to United States and low manpower cost is poised to be the next success story.
2) Secure and Stable Economic Environment: If you scratch the surface beneath those exaggerated news reports on crime and H1N1 flu, you will find that a large part of Mexico is peaceful and stable. Mexico is very popular with tourists, retirees, expats and real estate investors and this is a proof that Mexico is a safe & secure investment destination. This makes it very conducive to future economic growth.
3) Upward trend in Mortgage Loans: Mexico mortgage lending is slated to boom next year which means increased liquidity in market leading to increased buying. With market flush with money, the demand will rise and hence, prices will go up. Investors buying early in 2010 stand to gain more due to prospect of increase in Mexico Real estate prices later.
4) Improvement in Infrastructure: Mexico is witnessing government spending in the area of infrastructure development. New airport in Riviera Maya, sea port on the Pacific coast and improvement in highway and road network, all will bring good news in the year 2010.
5) High Quality healthcare: Mexico offers high standards of healthcare services. For this reason, for decades, retirees have been living in Mexico without any concern regarding the quality and price of healthcare.
6) Tropical Climate: The warm, sunny climate in Mexico makes it irresistible to people seeking relief from cold weather in their native counties like Canada.
7) Dollar vs. Peso: The US dollar continues to get stronger and hence living costs in Mexico are cheaper then they were a year back and quality of life in Mexico is just as in US or Canada.
8) Favored destination for celebrities: Mexico is a favorite destination for Hollywood and other celebrities with many owning Real Estate in Mexico . There is a good chance that you may get to see a Hollywood actor/actress in Mexico.
9) World class Real Estate developments: Mexico offers world class and a wide range of real estate projects. From beachfront villas to condos to traditional houses, Mexico has a lot to offer for everyone.
10) Culture and Natural beauty: Mexico is a country blessed with ecological beauty, friendly people and rich culture. Foreigners are welcomed here with a big smile and open arms.
By Tom Budniak
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