Today I´m going to talk about the Mexican economy. Some of you following this blog may be stock brokers, traders or investors, but what unites you all is a desire to learn about the purchase of property in Mexico. So if you are looking for a home or condo with the intention of making some money, then the current state of the Mexican economy is something that you should all be aware of.
The good news is that Mexico has a stable economy, thanks to its´solid economic connection to the U.S. ‘ Forbes magazine recently published an article on the subject, and I will be referencing it in this post. In the article, global economist specialist Sara Zervos wrote that ¨when emering markets sell off, Mexico acts like a relative safe haven,¨ as well as stating that ¨the growth of Mexico is steady and positive. In short, this means that when the US economy is doing well, so is Mexico’s, but when the US economy tanks, Mexico will also take somewhat of a hit.¨
Mexico benefits from the North American Free Trade Agreement (NAFTA) and has risen to the challenges and opportunities presented by the tech boom. It has a highly skilled workforce that can meet the demands of most manufacturers. “With the exception of the Great Financial Crisis, Mexico has grown around 2-4% annually over the last 10 years.â€Â says Zervos ¨Mexico’s stock market has been doing very well since 2012….growing around 22% in local currency terms since January 2012, it has reflected the movements of the US more than its southern neighbors like Brazil or Chile.â€
Mexico’s economic growth is higher than ever and inflation remains at record lows. It is one of the safest countries in Latin America for investors, especially when it comes to real estate. Our goal here at Top Mexico is helping American and Canadians buy safely and securely, so this is great news. According to Forbes, the future of investing in Mexico also looks bright, with economic indicators expected to remain largely unchanged – and it is likely that there will be little to change this situation now or in the near future.
Now if you want to learn more about property in Mexico or have any questions about thr TOP MEXICO REAL ESTATE properties we have listed on ur website, please feel free to contact any of our Top Mexico Buyer’s 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!