“Fitch Ratings reaffirmed Mexico’s investment grade status of BBB+, a credit rating Brazil lost last year after getting it in 2008,” wrote Forbes. “For over a year now, Latin America-bound investors have preferred Mexico over Brazil.”
In addition, the International Monetary Fund (IMF) July World Economic Outlook predicted that Mexico’s GDP would rise by 2.5 percent in 2016 and its return on investment would perform even better next year. How much better? Enough to continue beating the wealth building strategies of countries like Brazil, Venezuela and Argentina, which are not even competitive enough to make it onto the IMF list.
“The Mexico economy has proved to be resilient,” wrote Forbes. “The government is adjusting to external forces in a timely and orderly manner.”
So what does this mean for someone interested in building wealth through alternative wealth building strategies like real estate investment? In order to understand that, it’s necessary to look at Mexico real estate in certain highly lucrative areas that have already been proven to provide a steady – even jaw-dropping – return on investment.
For example, data from the Ministry of Tourism shows the arrival of foreign tourists coming to Mexico grew more than 10 percent during the first quarter of 2016 alone, but the data also shows that Mexico’s top beach destination is Cancun and Playa del Carmen, along with Tulum and other cities in the Riviera Maya. As a result, any Mexico real estate investment in these areas is likely going to be more effective for building wealth than other less-popular parts of the country.
To accommodate this growing demand for Mexico real estate among travelers and investors looking for new wealth building strategies alike, a variety of new hotels, as well as other developments and real estate investment projects have been announced in the Riviera Maya during recent months, including two new resorts for Isla Mujeres, a small island that lies just offshore from Cancun.
“According to the Federal Maritime Terrestrial Zone, the projects have been planned to completely preserve and protect the natural sand dunes and mangroves found in the region,” wrote the Riviera Maya News. “Both coastal and lowland forest will also be preserved.”
Mexico’s Secretariat of the Environement and Natural Resources says the two new projects will be comprised of a new 753 room Riu Costa Mujeres hotel located in the continental area between Cancun and Isla Mujeres on the Peninsula Chacmuchuch of Punta Sam, as well as the Grand Palladium Mujeres Resort & Spa, which will offer 450 rooms and span nearly 370 acres of land.
“Mexico represents one of the largest consumer markets in the world, with an emerging middle class paired with a growing service and manufacturing economy,” wrote TechCrunch.com. “In Mexico, retail banks are large, growing and profitable.”
Want to learn about building wealth and how to obtain a high return on investment in Mexico?
Investment Properties Mexico is ready to show you how Mexico real estate can be one of the best wealth building strategies and investment opportunities available today! Our English-speaking real estate investment professionals have the experience to guide our clients through every step of the buying process and will answer all questions promptly and clearly. Click here to contact us and learn how to safely invest in Mexico real estate today!
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