One of the main reasons that Mexico real estate has become so attractive is the growth in the country's economy and the respective investment drawn to this country. As reports and statistics show favorable economic forecasts for 2011, North Americans find increasing reasons to buy in Mexico.
During 2011, Mexico is expected to receive between 17 and 19 billion dollars of foreign direct investment (FDI), similar to, or slightly exceeding, 2010, when the country captured between 17 and 18 billion dollars of foreign investment last, according to the Mexican Minister of the Economy, Bruno Ferrari.
The ongoing strength of the Mexican economy and foreign investment indicates that real estate buyers and investors have every reason to keep looking to Mexico as an ideal option. With this growth has come a large expansion in modernized infrastructure, which, in turn, continues to open up new opportunities in Mexico beachfront for sale. Investors can buy inexpensive land in up-and-coming regions with confidence that services will continue to appear and value will rise in the near future. Vacationers and retirees have found the same motivation.
These facts are also true of established real estate and tourism areas.
"During 2010, " observes Thomas Lloyd of TOPMexicoRealEstate, “we have just seen demand for retirement and investment properties here in Playa del Carmen on the rise. "
The forecasts suggest that this pattern should continue or even increase during 2011.
"We have some pressure on exports, but we still have competitive opportunities, " he added. Recently the peso has reached a two-year high, but Ferrari said that unlike the currencies of some of its competitors such as Brazil, the weight has not fully recovered from the fall of 20 percent against the U. S. dollar suffered during the global financial crisis of 2008 .
Although some commentators have been concerned that drug-related violence may hinder the economy and investment in Mexico, the country retains the approval of “BBB" and contrary to expectations actually sees excellent possibilities for increased foreign investment.
Hand in hand with this news is the official forecast for growth of the Mexican economy during 2011, given at 3.9 percent.
Ferrari estimated that the gross domestic product (GDP) of 2011 would be around 4 percent. The Mexican government expects the economy to grow 5 percent in 2010 after shrinking 6.1 percent in 2009, driven by the U. S. , its largest trading partner.
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Region: Playa del Carmen real estate Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.