Perhaps you've been considering investing in a new preconstruction Playa del Carmen condo; perhaps you've also been wondering if Mexico is a secure place to invest. If you look at trends in international investment in Mexico, the answer seems to be a very clear, "yes."
Let's consider the direct foreign investment over the past couple of years. 2010 attracted over $17.7 billion USD in foreign investment, which was an increase of 16.6 percent compared with 2009, according to Mexico's Ministry of Economy.
Mexico expects direct foreign investment during 2011 to reach $20 billion dollars, implying another significant leap over the previous year. All indications suggest that 2011 will be a solid year in this important aspect of the economy.
Another important indicator comes from the Regus Trade Confidence Index. Based on the opinios of more than 17,000 companies worldwide, it revealed that there increased confidence in the general economic recovery of Mexico due to indices and the latest positive figures in the business environment.
So, what about for condo buyers? Playa del Carmen has proven to be a solid part of one of the country's strongest industries – tourism. It also continues to receive significant large-scale investment from both public and private sources, national and international. The confidence that investors have in the area means that new infrastructure and services will continue to appear in the area, improving lifestyle; the booming tourism industry will continue to bring new demand from foreign buyers.
These factors combined shows that buyers can likewise have confidence in their condo purchase as an investment, in addition to the pleasure offered from enjoying a luxury lifestyle at an accessible price.
Some related statistics are that Mexico's economy is expected to grow 4.3 percent in 2011, above the previous forecast, announced last week President Felipe Calderon. Some international experts are actually predicting that country's growth could surprise on the upside, even exceeding the 5.5 percent rate in 2010
Currently the the Regus Business Confidence Index for Mexico is 122 and remains 26 points above October, 2010.
The prospects look good. The economy is recovering healthily, tourism is on a clear rebound, and real estate offers many excellent deals, with good indications of value increase.
A Playa del Carmen condo may very well be that low-cost, high-potential investment you've been waiting for.
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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.
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