Mexican Real Estate Investment Articles

Mexican boomtown San Carlos, Mexico is a land developers dream come true. The market of baby boomers ready for a new life down south is growing everyday and offers oceanfront living at affordable prices. While foreign investment continues to grow in all of Mexico, the bordering State of Sonora, with close proximity to the prime Arizona real estate market is not in the least overlooked. Areas like Ixtapa, Cancun, Cabo San Lucas, and Puerto Vallarta have all demonstrated what great investment opportunities Mexico offers and introduce only a glimpse of what the nation has to offer.

Hand picked Mexican real estate articles have been selected to provide you an international view on what San Carlos and Mexico has to offer. Enjoy!!!

Mexico draws land investors

Money flows into coastal resort areas
Foreign investment into Mexico is on track to hit $20 billion this year.
By Evelyn Iritani, Los Angeles Times.

Real estate experts in Mexico worry that the giant sound they hear is the softening U.S. housing market sucking money Americans have poured into vacation homes south of the border.
But neither the cooling American housing market nor tense Mexican presidential politics so far has stemmed the influx of foreign dollars into Mexico's booming coastal resort areas, government and real estate officials said. 

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reprinted from: Iritani, Evelyn. Mexico draws land investors. <http://www.montereyherald.com/mld/montereyherald/ business/15379338.htm> August 28, 2006 . (Accessed 7 Sept. 2006)

GE Money on track to lend $150 mln in US-Mexico mortgages in 2007

GE Money, the financial services arm of General Electric Co. (GE), expects to lend about $150 million this year to U.S. residents who want mortgages to buy residential property in Mexico,..
Dow Jones (MarketWatch) | February 15, 2007

"We closed (last year) with about $60 million of these loans. We are sure that this year we will do two-and-a-half times what we did last year," said Edwin Vega, chief executive of mortgage lender GE Money Credito Hipotecario, in an interview this week.

GE Money is keen to tap what it sees as a potential market worth billions of dollars that until recently has grown with little or no mortgage financing.

"There are a large number of people who are turning to Mexico, which they see as an attractive place to have a vacation home, a weekend house, and a retirement property,"

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reprinted from: Dow Jones (MarketWatch) 4:19 PM ET Feb 15, 2007

GMAC rolls out 30-year loan for Mexican homes

The new political administration in Mexico is committed to continuing the flow of foreign investment into the country.
By Tom Kelly | December 8, 2006

GMAC International Mortgage this week announced it had rolled out a 30-year, fixed-rate mortgage for Americans buying property in Mexico.
The news was the most significant announcement made at the annual Mexico Resort Development Conference, attended by more than 300 major developers, builders, lenders and investors targeting real estate in Mexico.

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reprinted from: Kelly, Tom. GMAC Rolls Out 30 Year Loan for Mexican Homes <http://www.boston.com/realestate/news/articles/2006/12/08/
gmac_rolls_out_30_year_loan_for_mexican_homes/> December 8, 2006 .
(Accessed 19 Jan. 2007)

Striking Pay Dirt in Mexico

Even the recent turmoil in Mexico...
has done little to curb the enthusiasm of developers and buyers for Mexican property.
By Kevin Brass, International Herald Tribune.

"From an economic standpoint it is quite stable," said José Larroque, coordinator of the Mexico and Latin America real estate group for Baker & McKenzie, a Chicago-based international law firm. "You don't have the ups and down that you used to have with currency devaluations."
Several factors have made developers and buyers more comfortable with doing business in Mexico, including the wide availability of title insurance, the accessibility of financing and new transparency in the development process.

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reprinted from: Kevin Brass. Striking Pay dirt in Mexico . <http://www.iht.com/articles/2007/01/11/news/remex.php?page=2> January 11, 2007