Mexico Real Estate too was hit by the real estate bubble but it took proactive steps and remerged from the recession very admirably. This is borne by the fact that Mexico properties industry is posting impressive growth numbers and demand is increasing all the time. The prices though still less then pre-recession time are rising steadily. This means that anybody buying Real Estate in Mexico right now stands a better chance of great return on investment in immediate future.
Take the case of Playa del Carmen which apart from been a tourist magnet, has also one of the highest growth rates in Latin America. Over the last few years, it has retained the confidence of many real estate investors who invested in numerous world class property developments in Playa del Carmen. The success of Playa del Carmen and Mexico can also be attributed in no small way to the foresighted government in Mexico which stressed on developing world class infrastructure even when recession was in its height.
Infrastructure is developing at a furious rate. A new airport on papers and a new runway for Cancun airport have made this region even more accessible. The authorities have also adopted a green model for all current and future developments which emphasizes on sustainability.
Mexico is fast emerging as the place to reside in. Attracted by its climate, natural beauty, excellent health care, world class amenities and luxury housing options, many Americans, Canadians and Europeans are making Mexico their new home. Mexico is no longer just a place to invest in but also a place to live in. Any investors can foresee a future boom in expat population in Mexico which will only make property prices go up.