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A country on the rise: Mexico presents attractive opportunities for cross-border real estate investment
Relative to the rest of Latin America, Mexico’s economy and potential for real estate investment have been steadily improving. A shared border with the United States, a position as a leading manufacturer of automobiles and auto parts, and the recent crackdown on organized crime have all led to Mexico’s emergence as a viable investment opportunity.
“A recent wave of structural reforms should push Mexico’s growth frontier from 2–3 percent annually to 3–5 percent annually,” says Santiago Gil, managing director at Paladin Realty Partners.
2014 saw the largest amount of foreign investor capital coming into Mexico’s property markets, with $967.7 million from five countries, including $605.6 million from the United States alone, according to Real Capital Analytics.
Mexican President Enrique Peña Nieto, who was elected in 2012, has spent the past four years building up a national police force to focus on reducing murder, kidnapping and extortion rates i