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Mexico Real Estate – Good News as Tourism Grows for 5 Consecutive Months


Thomas L. Lloyd, campeche Broker By Thomas L. Lloyd
2012-01-30

The number of international tourists in Mexico rose 13 percent in December 2011, compared to the same month in 2010.  This marks the fifth consecutive month of tourism growth in Mexico, which is a good sign for Mexico real estate.

This is also a record-breaking number of foreign visitor arrivals to the country. The arrival of Americans is reported to have increases 11 percent, compared to the same period of 2010.  138 nationalities recorded growth compared to December of previous year

The numbers reflect international visitor arrivals by air.

According to data from Mexico’s Integrated Immigration Operations (SIOM), 1, 072, 180 visitors arrived in Mexico in December. This figure is the highest for a December, 9.6 percent higher than that obtained in 2008, the record year to date. This growth occurred despite adverse economic conditions in the U.S. and Europe.

In the last month of last year, the number of American visitors was 584, 884, ie, there was an increase of 11 percent against 2010 and 9 percent against 2008. U.S. citizens remain the main source of visitors to Mexico.

Canada reached 211, 751 visitors, a figure 9.1 percent higher than the same period of 2010 and 27 percent higher than 2008.

In the case of the United Kingdom, there were 23,279 visitors, an increase of 10.6 percent over 2011, from France 19,045 visitors, an increase of 12.4 percent, and from Spain 19,582, 6 percent more than in 2010.

Other countries with significant numbers of visitors include: Italy (14,912), Argentina(14,301), Colombia (12,345), Japan (8,693), all representing increases of between 10 and 22% compared to 2010.

Significant percentage increase came from Russia (51.1 %), Sweden (17.4 %), Australia (12.5 %), China (49.9 %), India (28.5 %) and South Korea (21.6 %).

The numbers from December show a steady increase starting during August.

These increases are good news for Mexico real estate buyers.  Increasing tourism means that more services will be available in the main expat communities (usually coinciding with the main tourist destinations), as well as more exposure to international markets.  Both are good news for those considering the potential for appreciation and investment by means of later resale.  Buyers can look with confidence to main tourist areas like Puerto Vallarta real estate, as well as Cancun, Los Cabos and several others.

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Region: Campeche 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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