Mexico

Mortgage market in Mexico is recovering, research report suggests

by Ray Clancy on September 7, 2011

Mexican mortgage market is growing

The mortgage market in Mexico is returning to normal after a slow start to the year with a 6.7% real increase in the amount loaned in the first half of 2011, according to figures released in a research report by the BBVA bank.

However, in terms of the number of loans, the figures are at practically the same level as in the same period in 2010 with 271,000 individual loans granted. [click to continue…]

{ 0 comments }

Mexican dancers make the Guinness Book of Records

September 5, 2011

A golden age of music, song and dance has been celebrated in Mexico with hundreds of dancers entering the Guinness Book of Records for the largest folk dance performance in the world. They were in the western Mexican city of Guadalajara for the International Mariachi and Charreria Conference that celebrates and promotes Mexican folklore, music [...]

Read the full article →

Real estate recovery in Mexico

September 2, 2011

This year has been a year of recovery for the real estate market in Mexico as a rebound in consumer confidence has created an increase in housing demand, according to new research. The report from bank BBVA also says that the country’s construction industry is well on the way to reaching pre global economic crisis [...]

Read the full article →

Property market in Mexico improving

August 16, 2011

The residential real estate market in Mexico is unlikely to recover to pre-2009 crisis levels before 2013 but it is already showing signs of growth, according to new research. It is expected that growth in the sector will surpass that of the economy in the second half of this year and in 2012, a research [...]

Read the full article →

US slowdown likely to affect Mexico the most

August 11, 2011

As its closets Latin America neighbor, Mexico is likely to suffer most from the slowdown in the US economy and growth, experts are warning. Although the direct impact from unsettled market conditions in Europe would remain contained, a surge in global risk aversion and generalized flight to quality could affect Mexico, according to the International [...]

Read the full article →

More investment announced for oil industry in Latin America

July 25, 2011

The oil industry in Brazil is set to see at least 11% more investment in 2011 with much of it focusing on the vast oil deposits that lie two kilometers under a layer of salt in the deep waters off the country’s south eastern coast. Brazil’s state run oil company Petrobas has come under criticism [...]

Read the full article →

Mexico looking to more trade with fellow Latin American states

July 22, 2011

Mexico is less dependent on the United States and has so far remained unaffected by the turmoil that is currently affecting markets in Europe, government officials have confirmed. The country has reduced its traditional dependence on the US by opening up new markets in other countries, Economy Secretary Bruno Ferrari said.

Read the full article →

More hotel expansions for Latin America

July 18, 2011

Spanish hotel operator RIU has opened its first urban hotel in Mexico in Guadalajara, the capital of the western state of Jalisco, at a cost of $110 million. The property, the company’s second urban hotel in Latin America, will serve business travelers in Guadalajara, which is hosting the Pan American Games in October.

Read the full article →

New immigration changes positive for Mexico

July 14, 2011

Mexico saw a significant increase in the number of permanent immigrants in 2009, with the level rising by almost 60% to reach close to 24,000, with most coming from the United States, China, Guatemala, Colombia and Cuba, according to a new report. Following declines in 2007 and 2008, the number of seasonal workers entering Mexico [...]

Read the full article →

Better education is key to future economic growth in Mexico, it is claimed

July 11, 2011

Mexico has an ageing population with increasing health costs, is trading less with Europe and needs to spend more on education, according to a report from the European Commission. Mexico is the second largest economy in Latin America after Brazil, with strong economic ties to the United States and as an emerging nation with a [...]

Read the full article →

New Mazda factories in Mexico announced

June 24, 2011

Mazda Motor Company has confirmed that it will build engine and vehicle assembly plants in Mexico to make small cars. The plants, to be built in Salamanca city, Guanajuato state, north of Mexico City, will be built in an alliance with trading company Sumitomo Corporation. They will manufacture the Mazda2 subcompact and Mazda3 compact, primarily [...]

Read the full article →

← Previous Entries

Mexico

Recent Posts