There’s good news on the banking front for investors in Mexican real estate. The banking industry here expects to see loan growth of 25 percent in 2008. The Mexican real estate market is hot and no one knows that better than the banks here in Mexico. Overall, loan volumes will be up 25 percent, housing and consumer loans will grow by 20 percent.
In 2007, loan volume was up by 19 percent, and deposits were up 10 percent to 12 percent. Mexico has no sub-prime mortgages and is unaffected by the lending woes currently plaguing the United States banking industry. 2007 represented the fourth consecutive year of strong loan growth for Mexican banks, which is great news for the Mexican real estate market.
The Mexican real estate market is definitely on fire, and savvy investors know that they need to move fast to maximize their growth here. Double-digit property appreciation is common in Mexico, especially in coastal areas that are popular with tourists. Puerto Vallarta falls directly into that category, and I have to say the development here has been nothing short of phenomenal.
Investors are snapping up Mexican real estate in Puerto Vallarta because it’s a can’t-lose investment. With the massive investments in infrastructure being made in Puerto Vallarta, you can’t go wrong with an investment in Mexican real estate here.
Select Mexico Properties has some of the most beautiful, exclusive building sites available along Mexico’s Pacific Coast. These lots are going fast and investors are inquiring about them every day. Take a look at our interactive map for yourself and you’ll see that these properties are moving quickly.
If you want to make Puerto Vallarta part of your Mexican real estate investment portfolio, contact a Select Mexico Properties sales representative today.
Photo Credit: Jan Stastny
Relevant Tags:consumer loans, mexico real estate, real estate in puerto vallarta, sub prime mortgages
