Foreign direct investment (FDI) in Mexico is expected to reach $17 billion in 2010,said Ernesto Cordero,Mexico's Finance Minister,this week.
In the first three months of this year,the Bank of Mexico said FDI already reached $4.33 billion,compared with $3.99 billion in the same period for 2009.
Mexico's economy is strong with growth in GDP between January and March more than 4% higher than the year before. Forecasts say total growth in 2010 could rise above 5%.
The strong growth and stable economy have also meant that the central bank has been able to keep the key interest rate unchanged at 4.5% since July 2009.
Still,Marco Antonio Slim,son of the world's richest man,Mexican Carlos Slim, said he sees even more potential for growth,especially in loans and real estate.
Speaking,this week,to Bloomberg news,he said,"I see much more opportunity in Mexico. In contrast to the rest of the world,we have conditions that allow us to be optimists."
All these signs suggest the Mexican economy is recovering faster than many more "developed" countries this year. Indeed,emerging markets like Mexico are a hot sector for savvy investors right now.
If you've been hestitating to close an investment property deal in Mexico,now is the time to take the plunge. Or risk that someone else beats you to it.