Hartlepool, United Kingdom (PressExposure) January 28, 2009 -- Mexico is a favourable market for property investment for 2009 an industry expert has stated. Les Calvert director of upcoming property portal Property Abroad, said:
'Mexico will certainly be a market we will be recommending in 2009. Latin America has been a booming region since 2002-03, but it is only the countries and governments that have been prudent during these times that will continue to thrive now that the boom is over.'
'Mexico is definitely one of those countries, though Mexico is badly in need of severe infrastructure improvements, the government of President CalderÃ³n did not try to do everything at once, opting to try and use their economic affluence to enact badly needed pension and fiscal reforms aimed at improving the distribution of wealth in the country. Because of this prudence developers and investors are not running a mile in Mexico, property values should grow steadily in 2009 and the rental market should remain strong.'
Calvert's assertions were backed up by recent research. The consensus among Latin American economic analysts is that Brazil and Mexico will be the healthiest economies in Latin America in 2009. Though most Latin American economies will remain healthy in 2009, seeing falling inflation and rising exports to the US, Brazil and Mexico are expected to see among the biggest falls in inflation, and they are expected to see the biggest growths in exports to the US. Of the two Brazil's inflation is expected to fall by more than Mexico's and Brazil's exports to the US are expected to see the biggest growth of all Latin America.
But out of all Latin America Mexico is the only country expected to see real GDP growth in 2009, they expect it to grow from the 2008 estimate of 2.6% to 3.0% for 2009, but this apparently and obviously depends on growth in US exports.
Property Abroad have some excellent properties in Mexico. Including a three bedroom four bathroom villa in Puerto Vallarta priced at Â£222,000. The air-conditioned property is close to the beach and other amenities. And according to the seller it could easily be used as a small Bed & Breakfast business.