Mexico Real Estate; Economic Significance Of Inclusion In "bric"

By Author: Thomas Loyd
Total Articles: 503
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Those buying Mexico real estate may be aware of the fact that the country offers a high standard of living, at a low cost. But fewer people know that Mexico was recently named as one of the few economies similar to those of the BRIC countries.

A decade ago the economist Jim O'Neill and Goldman Sachs coined the acronym 'BRIC' to refer to the economic potential of Brazil, Russia, India and China. This year, Mexico was added to this group because of the fact that they are now "mature markets" rather than emerging markets. Along with 3 other countries, Mexico has become the first economy to be added to this category.

What does this mean for Mexico real estate? This means that Americans and Canadians buying here to make this a second home can be confident that they are not living in a the backwards old country depicted in western films. Mexico has modernized.

Along with only a handful of other countries, Mexico's economy has worked wonders over the matter a short time. This year, for example, the prediction ...
... for economic growth was increased from 3.7% to 4.5%, and many experts feel it may even surpass last years 5.5%. Large international corporations are investing in the country, opening production plants in the central area, and developing world-class resort and real estate complexes along the coast lines.

It's not only the economy that has moved ahead in strides; life in Mexico is now not only relaxed, but offers many modern conveniences and services. Playa del Carmen real estate is an excellent example. In addition to excellent homes and condos for very accessible prices, residents enjoy modern banks, with debit and credit systems – also available in the major stores, which offer products from the U.S. and around the world. World-class golf courses offer excellent games. High-speed internet connections and wide-spread cell phone networks offer reliable connections to the modern world at all times. Large-screen movie theaters show the latest movies from the U.S., in English.

Yes, Mexico is still affordable and very relaxing. But living in Mexico no longer means giving up the comforts of modern life. Economic growth and modernization have transformed lifestyle in the country and continue to do so.

O'Neill has said that Mexico and its three colleagues have now left the "emerging economy" title behind to be claimed by countries like Saudi Arabia, Argentina, Iran and Poland.

In the end, there's little need to analyze international economics; those who live in Playa del Carmen and similar places in Mexico will affirm that life in Mexico is comfortable, convenient, affordable and modern.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of Mexico Real Estate, you can contact him at (512) 879-6546.
Mexico Real Estate - Playa del Carmen real estate