The Mexican property market is gaining an advantage from the amount of inward investment coming into the country, according to a new report.
Some $11.6 billion (£6.15 billion) of private investment in the country’s tourism sector has led to the property market in the country gaining a lot more exposure to overseas investors.
The latest Sectur report on the topic found that the central American country’s beaches are still likely to prove attractive for overseas property investors, as the sun and beach segment of the economy saw 48 per cent of private investment.
Three of the nation’s coastal states are also likely to have seen a rise in status in the eyes of overseas property investors, having received around 52 per cent of the total investment between 2001 and 2006.
The states of Guerrero, Quintana Roo and Nayarit received investments worth £1.39 billion, £1.31 billion and £49.05 million respectively.
A number of famous tourist attractions which could prove attractive to overseas property investors characterise the country, including the Copper Canyon in Chihuahua, the 200,000-acre Cuatro Cienegas Valley and the La Quemada archaeological sites in Zacatecas.