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Real Estate Property Investment Series: Focus Mexico 2007
By Rhiannon Williamson

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.

Rhiannon Williamson writes about property investment worldwide, to read more about real estate investment in Mexico in 2007 and beyond visit her site http://www.amberlamb.com