Mexico Investment: Economy
Mexico land and property buyers will be interested in the growth of Mexico's economy over the last few years. Mexico relies heavily on the US economy as the recipient of 80% of Mexico exports. Economic growth in Mexico has slowed as a result of the downturn in the US economy although positive GDP growth of 2.3% is predicted for 2008. The Economist predicts that the economy of Mexico will recover to around 3% GEP growth in 2010.
Mexico has a good business environment which is encouraging foreign direct investment, including Mexico property. The only country to cover 2 of the world's most important markets (North America and the EU), Mexico represents low costs to foreign businesses. Demand for Mexico investment property and land is high which is attractive to buyers.
Mexico Investment: Tourism Potential
Another consideration for Mexico property and land investment is the Mexican tourist industry. Between January and July 2008, 11.5 million people visited Mexico and numbers are predicted to increase annually. The government's National Development Plan aims to attract US$20,000 million in private investment for the development of new tourist centres in various parts of the country. Mexico tourism is expected to grow over 4% annually between 2009 and 2018, offering further advantages to property and land investment in Mexico.
Mexico Investment: Property Market
Mexico land and property buyers are attracted to the country's thriving property market. Capital growth for investment properties in Mexico was recorded at nearly 9% in 2007. Rental yields are good and average at least 6%. Mexico has introduced measures to increase transparency within its property market and promote infrastructure. With these figures in mind, Mexico property and land is a promising investment choice. For more information, click here for the Mexico Land and Property Investment Guide.
