Time To Buy A Cheap Mexico Beachfront Lot? Economy Update

By Author: Bob McCain
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Perhaps you've heard that Mexico's economy is going strong; perhaps you've heard that the economy forecast for 2011 was recently adjusted – upward. Did you know that this is one of many reasons point to an ideal opportunity to invest in a cheap Mexico beachfront lot?

As of April, 2011, Mexico's President Felipe Calderon increased his original forecast for the country's growth in 2011 to 4.3 percent. Recovery in the U.S. is just starting up, and Mexico's economy is in a good position to outdo that of the U.S. by a factor of at least 1.5. Recovery in the U.S. helps a good deal to boost Mexico's economy, significantly more than what Americans themselves enjoy.

Calderon pointed out that originally the forecast was 3.8 percent for 2011. The federal Ministry of Finance had already increased the forecast to 4 percent, and the newest government forecast lines up with the opinion of analysts consulted by the central bank at the beginning of this month, who produced a 4.25 percent forecast.

What does this ...
... mean for you, an average real estate buyer thinking of investing in a cheap lot in an up-and-coming tourist area? Mexico's government has also announced that 2011 would be its "Year of Tourism." This means the financial gain of this new economic growth is going to boost the primary areas of re-investment, among which tourism has been given a leading priority.

Up-and-coming tourist locations, such as Campeche on the Yucatan Peninsula are currently showing very high potential to begin attracting large numbers of tourists to the country, following the success of places like Cancun across the peninsula, or Puerto Vallarta over on the Pacific Coast. For the government of Mexico, re-investment into these areas offers the potential of excellent return from tourism that grows from the current numbers, just showing the beginnings of movement, to thriving tourism destinations.

For those who buy cheap Mexico beachfront lots in areas like these will see a significant increase in services in the near future. The area already offers conveniences like Walmart, an international airport, high-quality hospitals and plenty of outdoor activities. Golf courses and a marina are currently under construction. With further tourism investment, items like these will increase, new services will appear, and a comfortable and cheap lifestyle will become increasingly convenient.

With more international tourists showing up in a new area, there will also be a higher demand for resale; with increased services in an area, this translates to higher resale value. A healthy growing economy lends strength to the possibility of a future boom in tourism.

In all aspects, Mexico's economic growth and tourism strength point to very good potential buying cheap beachfront lots in this country.

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Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!" Region: Campeche Real Estate. Bob McCain, originally from Chicago, holds a degree in business administration, and is a licensed insurance broker and stock broker in the U.S. Before moving to Mexico, Bob owned a large mortgage brokerage company in Chicago. For more than 10 years, he has owned and operated Caribe Properties, which through his knowledge, experience and dedication to clients, has grown to be one of the largest privately owned real estate companies in Mexico. As a Mexico real estate broker, he has been an active member of AMPI, Mexico's professional real estate association, equivalent to NAR in the U.S.
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