Buyers interested in investing into Mexico real estate can see a good sign in today’s news that the Mexican stock exchange has set a record; for the first time in history, the main price index (IPC – “Indice de Precios y Cotizacionesâ€) rose above the level of 40,000 points! The rise is a good indicator for the strength of the Mexican economy which has been performing very well over the past decade, and can give confidence to a variety of investors, including those buying Mexico homes for sale.
Today’s rise in the Mexican Stock Exchange was shaped by substantial gains for America Movil (AMX) which is Latin America’s leader in telecommunications and owns the highly successful Telcel cellphone brand, headed by billionaire Carlos Slim, currently the richest man in the world. America Movil is worth 43% of the IPC and rose a +4.9%.
This performance sheds important light on two points of interest for real estate buyers. One is that the Mexican economy is continuing to perform well. This means investment will continue into the country’s infrastructure, such as highways and airports – areas in which Mexico has excelled over recent years. Large international retailers such as Walmart also continue to invest in the country’s growing economy offering expat residents better access to international goods and services on the same level as they are used to from back home.
Another important point is that Mexico’s infrastructure and economy for communications technology continues to grow. In a country where regular telephone service wasn’t a guarantee that long ago, broad-reaching cellphone network coverage, excellent cell phone plans with free smart phones, high-speed internet and high-quality wireless connections (often free in public spaces in a growing number of communities) are now common place. Many of these benefits come as a result of the growth and success of America Movil’s Telcel brand, and things look promising that Mexico is going to keep moving in this direction.
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