By: Chris Morris
Source: www.cnbc.com
While the US real estate market is still somewhat sluggish, things are picking up fast in Mexico.
With wage increases in China and Vietnam (as well as escalating shipping costs), outsourcing to the Far East isn't as economically feasible as it once was, a situation that is forcing many companies to look closer to home. At the same time, retirees looking to make the most of their savings are considering relocation south of the border.
Mexico rode out the worldwide economic downturn better than many other countries and its real estate market never suffered on a level seen in the U.S. And while there was certainly excess inventory, that's quickly being snatched up by bargain hunters.
With wage increases in China and Vietnam (as well as escalating shipping costs), outsourcing to the Far East isn't as economically feasible as it once was, a situation that is forcing many companies to look closer to home. At the same time, retirees looking to make the most of their savings are considering relocation south of the border.
Mexico rode out the worldwide economic downturn better than many other countries and its real estate market never suffered on a level seen in the U.S. And while there was certainly excess inventory, that's quickly being snatched up by bargain hunters.
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