Consumer spending in Mexico is growing, despite this country’s heavy reliance on the US as a trading partner. One reason for the growth is the availability of long-term lending. Mortgage lending is new in Mexico, but so far, it’s making a big impact. Mexican bank lending has increased by more than 20 percent in the last year. Citizens are buying real estate in Mexico in numbers never before seen. In addition, direct foreign investment from outsiders buying real estate in Mexico is also having an impact.

Lenders on both sides of the border are now making mortgage loans for buying real estate in Mexico. Mortgages can be denominated in either pesos or dollars, and refinancing loans are also available. This is great news for investors. Not only is mortgage lending available, but with refinancing, it’s possible to draw on the equity in your real estate in Mexico when you want to.

With long-term lending, you no longer need the full purchase price in cash when buying real estate in Mexico. Americans take this for granted, but mortgage lending is still very new here. In addition, lending capital is available for businesses, which supports the growth of the economy and long-term financial security.

The Mexican economy is showing all of the signs of health that investors look for. Rising employment, consumer confidence, direct foreign investment, decreasing dependence on oil revenues, a positive real estate market and more, have all combined to make the prospect of buying real estate in Mexico very attractive.

A strong commitment to building, expanding and rebuilding critical infrastructure in Mexico is also promoting growth within the economy. If you would like more information about buying real estate in Mexico, contact us. We provide excellent real estate investment coaching services to help you understand the real estate market here and build confidence in your ability to spot and take advantage of opportunities in the Mexican real estate market.

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