Mexico Real Estate – Tourism Ranking Promises To Boost Market

By Author: Thomas Lloyd
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Since the Mexico real estate market is closely tied to the country's tourism industry, it's good news for buyers that ranking in competitiveness in tourism has risen 8 places internationally for 2010. Together with an ongoing push to promote tourism, this fact promises a good deal of benefits for American and Canadian buyers.

The information was released early in March 2011 in the annual Competitiveness Report of the Travel and Tourism Industry released yesterday by the World Economic Forum at the World Tourism Forum 2011 held in Andorra.The report emphasizes that Mexico excelled especially in in the area of natural resources, in which Mexico achieved a major advancement in ranking by opening up a number of new areas of interest. Natural heritage and cultural resources were also very strong points; Mexico offers 33 sites which are protected as Cultural Heritage of Humanity.

These points have a double benefit for Mexico real estate buyers. One is that residents can enjoy all of these features as a part of day ...
... to day life. Most popular expat communities are also thriving tourism areas, offering many activities, both in nature (fishing, natural sight-seeing, etc.) and in culture (museums, galleries, ancient ruins). There is also a very large variety of other tourist related activities that are attractive to expat residents, such as golf and marinas, etc.

For 2011, Mexico's government has placed a heavy emphasis on boosting tourism, which in turn will bring even more of these kinds of activities, and other services which help to make life in Mexico comfortable.

The other benefit which growing tourism brings is the opportunity for property owners to rent out their property. Those who don't use their property all year round, and buy in attractive areas for small groups to rent often benefit from short-term vacation rentals; for properties a little bit off the main tourist stretches, long-term rentals are still a very good source or steady income.

Investment into opening up new tourist attractions and developing new tourist areas also often offers new real estate opportunities for these same reasons. Mexico real estate is a market which continues to expand into new and interesting areas of the country and, with the ongoing effort to boost and expand tourism, offers buyers a solid investment.

The country's rising ranking in tourism competitiveness is one indication of this fact.

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