{"id":919,"date":"2010-01-01T01:19:18","date_gmt":"2010-01-01T06:19:18","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/temp-blog\/?p=919"},"modified":"2010-01-01T01:19:18","modified_gmt":"2010-01-01T06:19:18","slug":"mexico-real-estate-2009","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2010\/01\/mexico-real-estate-2009\/","title":{"rendered":"Mexico Real Estate 2009"},"content":{"rendered":"

The Mexico real estate <\/a>market is influenced to a great extent from its norther neighbors.\u00c2\u00a0 Given the fact that nearly 80% of Mexico’s exports are heading towards the United States, and another large percentage for Canada, the relation between the economies is quite extensive and\u00c2\u00a0influences are high for all of the industries in the Mexican market.\u00c2\u00a0 With the obstacles and the slowdowns faced by the economies of these two northern countries, it is thus logical that the bearish forces have also extendeded\u00c2\u00a0into the Mexico real estate market and has had its drag on\u00c2\u00a0the other Mexican industries.\u00c2\u00a0<\/p>\n

\"\"<\/p>\n

A large amount of Americans have been contributing to retirement funds for over 30 and 40 years.\u00c2\u00a0 They also have been using these funds in plans to purchase their retirement home or their second home for vacations.\u00c2\u00a0 Places such as Florida, Arizona, Texas have received a large amount of such capital flow.\u00c2\u00a0 The Mexico real estate<\/a> market has also been receiving some of these investments in regions such as Baja California, Quintana Roo, Pacific areas.\u00c2\u00a0 It is estimated that just over one million north Americans now live in the Mexico real estate region on a year round residency.\u00c2\u00a0\u00c2\u00a0 The majority of these retired.\u00c2\u00a0\u00c2\u00a0 With the losses in the financial markets during 2008 – 2009 several families who were planning to purchase their second homes in Mexico <\/a>were suddenly needing to reassess their plans.\u00c2\u00a0 During the latter end of 2009 the market began showing signs of recovery.\u00c2\u00a0 This upturn, although very positive, may still not have recovered the overall investor’s confidence as they have responded cautiously in regards to purchases and investments into the Mexico real estate market when compared to previous years figures.<\/p>\n

2009 also saw a couple of spurts of exchange rate adjustments which created windows of opportunities for buyers.\u00c2\u00a0 The Canadian Dollar recovered ground and reached par with the US Dollar on several periods during 2009.\u00c2\u00a0 With this increase in the purchasing power and several decreases in the Mexico home values, Canadians were a segment of the market that remained quietly busy in these periods.<\/p>\n

Mexico has also been witnessing a underlying growth in demand in the Mexico real estate <\/a>from their large lower income and middle lower income families.\u00c2\u00a0 There has been massive growth of the government financing for these buyers.\u00c2\u00a0 In previous years approximately 150,000 units were constructed on an annual basis but in 2008 and 2009 figures have reached 500,000 annually.\u00c2\u00a0 The boom in this area comes from the house loan grants that were averaging nearly 350,000 per year in 2000 to today’s figure of 750,000 loans granted in 2009.\u00c2\u00a0 The existing growth of loans is spurred from the large population of young people that live in Mexico which will be needing housing for the next decade.\u00c2\u00a0<\/p>\n

The Mexico real estate region, will remain and become the most popular non-American \/ non-Canadian retirement and second home destination.\u00c2\u00a0 Although this south of the border real estate market was impacted downwardly during this past year, as was the case for the majority of the world wide market, 2009 had become a tremendous period of opportunities in the Mexican market.\u00c2\u00a0 The beginning semester of 2010 might also continue with some pocket below market windows, before the trend begins it`s upward slope.\u00c2\u00a0 Upward pressures will come from different factors all at different influences such as favorable exchange rate variances and the population booms.\u00c2\u00a0 This year will definitely be the first of a decade of interesting growth patterns in different segments of the Mexico real estate market.\u00c2\u00a0 2010 is not a question of waiting to buy, the important question is if you have the capital…. to buy and wait.<\/p>\n

Thomas Lloyd <\/strong>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. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree <\/strong>and Mexico Professional Real Estate License<\/strong> S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at <\/em>(512) 879-6546<\/span><\/strong> or through the company’s web site<\/em> www.TOP<\/span>mexicorealestate.com<\/a> NETWORK
\n<\/strong>
\n“Mexico\u00e2\u20ac\u2122s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely<\/strong><\/span><\/span>!\u00e2\u20ac\u009d<\/strong><\/span><\/span><\/span><\/em><\/span><\/span><\/span><\/span><\/em><\/p>\n\n\n\n
\n

Want more Articles?<\/strong>
\nReceive articles direct to your inbox. SUBSCRIBE HERE<\/a><\/td>\n

\n

Want to see Real Estate?<\/strong>
\nSee properties for sale in my region. CLICK HERE<\/a><\/td>\n

\n

Want to learn more?<\/strong>
\nWhere & How to buy real estate in Mexico. CLICK HERE<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"Page<\/a><\/span><\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Mexico real estate market is influenced to a great extent from its norther neighbors.\u00c2\u00a0 Given the fact that nearly 80% of Mexico’s exports are heading towards the United States, and another large percentage for Canada, the relation between the economies is quite extensive and\u00c2\u00a0influences are high for all of the industries in the Mexican […]<\/p>\n","protected":false},"author":2,"featured_media":13687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[135,315,410],"tags":[160],"class_list":{"0":"post-919","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-living-in-mexico","8":"category-mexico-economy-living-in-mexico","9":"category-mexico-exchange-rate","10":"tag-mexico-real-estate-development","11":"entry"},"_links":{"self":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=919"}],"version-history":[{"count":3,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/919\/revisions"}],"predecessor-version":[{"id":922,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/919\/revisions\/922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media\/13687"}],"wp:attachment":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}