Posts tagged Felipe Calderon
Mexico Real Estate – Advantage of Strong Tourism Investment
Nov 2nd
Mexico Real Estate is continuously becoming a more attractive option for American and Canadian buyers. One reason for this is that the current federal government of Mexico has realized the economic benefit of attracting foreign tourism. For this reason they have placed a special emphasis on investing in tourism and prime tourist destinations, such as Cancun. This investment, in turn has benefited Cancun Real Estate, providing owners with a high quality of life, at still accessible prices.
Mexico MLS, listings more than ever, show a broad range of properties of all types – beachfront condos, commercial land, homes in ecological communities, and everything in between – accessible to a broad range of budgets. Mexico’s growing emphasis on tourism not only provides the infrastructure to open up new developments and bring in all the necessary services for a comfortable life, it also has begun to address the variety in taste among American and Canadian buyers.
Mexico’s emphasis on tourism-focused investment was confirmed in early March when the President of Mexico, Felipe Calderon, officially delivered the 11 miles of restored beaches in Cancun and Playa del Carmen; besides the millions of dollars invested into the sand and equipment needed, Calderon also verbally reiterated his commitment to make tourism development the government’s highest priority. His administration has already taken significant action in this area, so that the tourism sector in Mexico not only shows clear signs of recovery from the recession, but it is even surpassing predictions and showing unexpected growth.
The newly widened beaches mean two things for non-Mexicans looking for MLS properties in and around Cancun. One is that they will be able to enjoy life what were already considered the most beautiful beaches in the world, now even better, about 300 ft wide in some places. The second is that this kind of investment means that tourists will keep preferring Cancun and nearby Mexican tourist destinations to the other options. As long as tourists are coming back, there will be further private and government investment, improving lifestyle even more.
Few countries have chosen to (and many do not have the economic means to) invest in tourism infrastructure in the way that Mexico is currently doing. For this reason, combined with its convenient short distance from the U.S., Mexico real estate has been steadily moving into a continuously more import position as a destination for Americans and Canadians wishing to buy a vacation home or relocate to a warmer climate.
Real Estate Property Investment Series: Focus Mexico 2007
Oct 25th
Confidence in the Mexican economy is strong and has been especially so since Felipe Calderon was inaugurated as president on the 1st of December 2006. He is seen as being progressive, and many expect him to improve Mexico’s economic standing during his 6 year term as president even in the face of a sharp slowdown in terms of the US economy with which Mexico’s own economy is closely tied, and a potential decline in oil prices and revenue upon which Mexico’s economy relies.
President Calderon is thought to be determined to even out social inequality in Mexico, improve economic standards for all Mexican people and to secure a more stable and prosperous standing for his nation, and as part of this large long term plan of expansion and development the real estate marketplace has a key part to play.
The Mexican government are predicted to be about to expand the availability of mortgage credit to encourage the overall housing market in general and to allow for greater local affordability of real estate. Furthermore there are pressures on the government to improve infrastructure as well which will make Mexico even more attractive to overseas property buyers and potentially boost travel and tourism traffic as well.
Mexico does well economically speaking from international property interest already – it welcomes a lot of North American retirees who choose to live full time in Mexico and it is welcoming increasing tourism from North of the border as well. And with the release at the end of 2006 of Donald Trump’s Mexican showcase development in Baja came a resurgence of serious interest from investors and buyers from across the world for property in Mexico which has set the stage for a strong 2007.
Trump’s luxurious Ocean Resort Baja condominium development practically sold out within hours of its off plan release with the cross section of the buying public very interesting to analyse. There were small investors buying single units to flip further on in the construction period for short term strong capital appreciation, there were larger investors looking to do the same or to attract a decent rental yield and there were those looking for a new home in a location they see as becoming safer and more attractive as well as holiday home hunters from just over the border.
It seems interest in property for sale in Mexico is strong already and Donald Trump has just added his vote of confidence to the nation which has attracted even more international attention! It’s a positive circle as opposed to a vicious one and it bodes very well indeed for the success of the real estate market in Mexico in 2007 and beyond.
