Beach House in Yucatan (Photo: yucatan.quebarato)
According to author Jorge Chávez from www.mexlend.com, the outlook for real estate in Mexico for 2016 is one of the strongest forecasts in recent years, with Mexico boasting the most stable economy in Latin America with GDP growth projected at 3.7% per year from 2016 to 2019.
BMI Research, known for macroeconomic, industry and financial market analysis across global markets, just released their Mexico 2016 report which featured the following core points:
• We remain optimistic toward Mexico’s long-term growth outlook on the back of a booming manufacturing sector, an increasingly strong private consumer and favorable demographics.
• The passage of energy sector reform will bolster sentiment towards Mexican assets and contribute to stronger real GDP growth in the coming years.
With a strong economy comes a strong real estate market, BMI Research stated, “In the medium term, Mexico’s commercial real estate sector is expected to benefit from a strengthening economy. The growing service sector will drive demand in the office and retail markets, pushing rental rates up, while a robust manufacturing and logistics sector will support growth in warehousing real estate.”
Particularly with the American dollar trading so strongly against the Mexican peso, there has never been a better time for foreign investors to enter the Mexico real estate market, either for commercial real estate or vacation homes in Mexico.
By Jorge Chávez for Mexlend.com
Source: http://www.mexlend.com/
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