According to recent positive reports from the Wall Street Journal and international investment firm Martin Currie,Mexico is poised for continued growth and offers a wealth of attractive opportunities for savvy investors from around the world. In particular,the Mexico real estate market is booming,with more than 8 million homes estimated to be needed in the country at this time.
This growing need for additional housing,combined with the many unique funding opportunities that are now being provided by Mexican mortgage institutions,is presenting a wide variety of highly favorable circumstances for construction companies and real estate investors from around the globe. In fact,the Wall Street Journal recently reported that the country's government-run mortgage lender Infonavit has extended more than 120,000 loans already this year,which helped to bring more than $3.6 billion in additional investment dollars to the sector.
In addition,Mexico continues to enjoy a booming overall economy,including vigorous job creation,with more than 850,000 new jobs added in 2010 and another 350,000 in the first quarter of 2011. Inflation is also expected to remain very low in Mexico,and unlike many other countries that are located throughout the region,the central bank of Mexico is not expected to raise interest rates until the end of 2011 or beyond.
Furthermore,Reuters recently reported that Mexico's finance ministry has announced that the country's economy grew by around 5 percent in the first quarter of 2011,while a rise in the price of oil caused the country to experience its largest monthly trade surplus since 1995 in March,when total exports rose 3.8 percent. This impressive increase led to a trade surplus of more than $848 million and bolstered expectations surrounding the overall expected growth of Mexico's economy,which is projected to increase by more than 4 percent in 2011.