Mexico mortgage loans will show solid growth in 2010, according Mexico’s largest bank, Grupo Financiero BBVA Bancomer.
The news fuels expectations that expanding Mexico mortgage loans will ignite the Mexico real estate market in 2010.
Speaking at a press conference last month, Ignacio Deschamps, Bancomer’s president and chief executive, said “Credit will grow in a dynamic way at Bancomer in 2010 … we will seek double-digit growth in all of our portfolios”.
Deschamps expects Mexico mortgage and small business loans to grow more than 20% in 2010.
Earlier in 2009 the federal government-backed mortgage …

Riviera Nayarit, Mexico was recently recognized as one of the top locations in the world to buy a vacation home. The list was compiled by Kevin Brass over at the International Property Journal, and covers the top 10 locations worldwide to buy a vacation home. Brass points out in his article that the locations were chosen with a bias towards American buyers, though,  so locations which might be favorites of Europeans, but not Americans, were left off the list. Brass also gave preference to locations that are not overly commercialized.
Brass …

In the last year and a half, we have seen a dramatic change in the global economy. Not just the stock market, but all critical business and real estate sectors have suffered. In fact, even the richest people in the world have gotten poorer just like the rest of us. The economical leaders have lost 23% of their wealth in just the last 12 months. To emerge in a new economy requires radical shifts of thinking and investing.
The US State Department estimates that there are 385,000 Americans permanently living in …

Confidence in Mexico real estate investment reaches new highs as financial services giant, Prudential, looks to raise $501 million to spend on industrial property and developments in Mexico.

With perfect weather, very hospitable, gentle, and courteous English speaking locals, clean water and food, safety and security a major priority, and fun galore, you’ll not have a Merrier Christmas than in Puerto Vallarta, Mexico.