The outlook for real estate in Mexico for 2016 is one of the strongest forecasts in recent years, says author Jorge Chávez from www.mexlend.com. With Mexico boasting the most stable economy in Latin America with GDP growth projected at 3.7% per year from 2016 to 2019.
BMI Research, a firm that provides macroeconomic, industry and financial market analysis covering 24 industries and 200 global markets, just released their Mexico 2016 report. Included in it were the following core points:
- We remain optimistic toward Mexico’s long-term growth outlook on the back of a booming manufacturing sector, an increasingly strong private consumer and favorable demographics.
- The passage of energy sector reform will bolster sentiment towards Mexican assets and contribute to stronger real GDP growth in the coming years.
BMI Research stated, “In the medium term, Mexico’s commercial real estate sector is expected to benefit from a strengthening economy. The growing service sector will drive demand in the office and retail markets, pushing rental rates up, while a robust manufacturing and logistics sector will support growth in warehousing real estate.”
With a strong economy comes a strong real estate market, making it the perfect time for foreign investors who want to enter the Mexico real estate market for commercial real estate or vacation homes in Mexico. The American dollar continues trading very strongly against the Mexican peso, and will buy more today than it did before. Take a look at this comparison chart showing the cost of retiring and living in Mexico toget an idea of what to expect
Mexico has an excellent infrastructure and you wil find the same services that you would expect back home. Along with the previously mentioned savings you’ll also find a dramatic price reduction on quality healthcare services and insurance. Mexico is close to the United States and has many international airports that offer direct flights to the U.S. With Cancun approximately 4 hours away from cities like New York it´s an ideal time to visit the Riviera Maya to see what is available.
Now is the time to take advantage of these changes in the US dollar if you are thinking about retiring to Mexico. With today’s high exchange rate,saving on day-to-day living expenses for grocery shopping, restaurants, nightlife, furniture and items for your new home will show you just how far your dollar can really go.
Now if you have any questions about how retire in Mexico or any of the Top Mexico Real Estate properties we have listed anywhere throughout Mexico, please feel free to contact any of our Top Mexico Buyers’ Representatives and we will be glad to help you find your very own piece of paradise.
And remember, here at Top Mexico Real Estate …
We make it happen!