Mexico Property Bargains Attracting More Investors
Published on: Tuesday, September 07, 2010 Written by: Property Wire
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Although its fortunes are closely linked with the US, Mexico's real estate mostly held its own during the latest US market crash due to supply and demand balance. Property bargains in Mexico are attracting buyers who have invested nearly $300 million in a Prudential fund for industrial real estate, but experts warn that prices could fall further or remain suppressed. See the following article from Property Wire for more on this.
The commercial real estate market in Mexico has remained remarkably stable in the face of the downturn in the US economy following the global financial crisis of late 2008, a new report shows. downturn in the US economy following the global financial crisis of late 2008, a new report shows.
Mexican property developers have done a surprisingly good job at matching new supply of real estate with demand but any improvement in conditions for the economy in general or the commercial Real Estate sector in particular will be gradual, says the report from Companiesandmarkets.com.property developers have done a surprisingly good job at matching new supply of real estate with demand but any improvement in conditions for the economy in general or the commercial Real Estate sector in particular will be gradual, says the report from Companiesandmarkets.com.
The exposure of Mexico’s economy to trade with the US means that the recovery through 2014 is likely to be fragile. ‘In particular, we see no sign of an upturn in investment. Nor do we see evidence of a sustainable recovery in consumer spending. The risks are to the downside,’ it says.
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Nevertheless, the various protagonists in Mexico’s diverse markets for commercial real estate have lived with the challenges of fluctuating growth in the US and changing perceptions of risk within Mexico for a long time. For the time being, we remain optimistic that protagonists will continue astutely to balance supply and demand over the next five years,’ it continues.
‘Consequently, our base case is that yields will remain broadly unchanged over the next five years or so. However, there is a risk that yields slip sharply, in at least one of the sub sectors or cities for which we have data, as a result of a slide in rents relative to capital values,’ it adds.
The report, the latest edition of a new series of industry reports published by BMI that seeks to identify the key dynamics of the real estate sectors of 44 countries around the world, looks at both the long and the short term prospects.
More investors from the US are looking at property in Mexico as prices are lower. Experts are still not certain if prices have bottomed out yet, and some warn that the low prices will just stay that way for quite some time.
Property prices in Mexico have, on the whole, been far less affected by the US housing bubble and the international recession than those across the border. In certain tourism hot spots prices fell more because of a glut of new construction. But according to agents price reductions are disappearing and sellers are listing their properties back at prices seen at the end of 2007, beginning of 2008.housing bubble and the international recession than those across the border. In certain tourism hot spots prices fell more because of a glut of new construction. But according to agents price reductions are disappearing and sellers are listing their properties back at prices seen at the end of 2007, beginning of 2008.
Meanwhile, a fund geared to buying industrial real estate in Mexico has raised $293.3 million from investors. Prudential Real Estate Investors said it will invest in developing industrial sites and acquire portfolios or individual properties with a focus on tenants that distribute or manufacture goods to Mexican or US consumers.
Mostrando entradas con la etiqueta bienes raices mazatlan. Mostrar todas las entradas
Mostrando entradas con la etiqueta bienes raices mazatlan. Mostrar todas las entradas
miércoles, 13 de octubre de 2010
Rose 28% Private Investment In Tourism in Mexico 2010
Rose 28% private investment in tourism
Writer Real eStrategy 7 Barometer, Tourist Market October 12, 2010 The tourism private investment closed the first half of the year with an increase of 28.3 percent over the same period in 2009, reported the Secretariat of Tourism (Tourism Ministry). The private sector invested $ 833 million thousand dollars against 428 million in 2009, the report Identified Private Investment in Tourism Sector, which highlights the resources channeled by state and by segments
Investments increased from 397.8 million dollars in the first quarter to one thousand 833 million in the second quarter, reports say.
The document highlights the investments of almost $ 812 million captured in Mexico City and Guanajuato, which became the largest recipient of investment flows in the sector, up from Baja California, Nayarit, Quintana Roo and Sinaloa. Mexico City earned 447.6 million dollars.
Writer Real eStrategy 7 Barometer, Tourist Market October 12, 2010 The tourism private investment closed the first half of the year with an increase of 28.3 percent over the same period in 2009, reported the Secretariat of Tourism (Tourism Ministry). The private sector invested $ 833 million thousand dollars against 428 million in 2009, the report Identified Private Investment in Tourism Sector, which highlights the resources channeled by state and by segments
Investments increased from 397.8 million dollars in the first quarter to one thousand 833 million in the second quarter, reports say.
The document highlights the investments of almost $ 812 million captured in Mexico City and Guanajuato, which became the largest recipient of investment flows in the sector, up from Baja California, Nayarit, Quintana Roo and Sinaloa. Mexico City earned 447.6 million dollars.
domingo, 10 de octubre de 2010
sábado, 9 de octubre de 2010
GMexico Will Invest $3,800 Million Dollars
GMexico will invest 3.800 million dollars
The investment will be mainly in Cananea during the next five years by the rise in metals in the 3rd quarter action GMexico up 18 % and 20% Penoles .
Penoles has planned to open five new mines in the following years. (Photo : Bloomberg News)
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GMexico invest 30 million dollars in Cananea
The firm said that with these resources produce molybdenum metal used in steel production . The miners are seeking out Cananea
The union said a judge granted a temporary suspension to continue their strike. urges Asarco Grupo Mexico
The miner posted a net profit of $ 310 million in the second quarter. prepaid credit Peñoles 2008
The miner said prepaid all of a syndicated loan maturing in June 2011. Gold hit new highs
The price of the metal exceeded $ 1.290 an ounce , boosted by comments from the Fed The copper production falls 3.5%
Mexico reduced production of the metal in June from a year to 19.481 tonnes, INEGI said .
Special
The 500 companies in Mexico 2010
Special
Mexico , toward the end of the crisis? By: Jesus Ugarte
MEXICO CITY ( CNNExpansión.com ) – In the expectation of recovery of the world economy, particularly the continued increase in demand and prices for metals like copper and gold, the great Mexican mining ; Grupo Mexico and Industrias Penoles exercised in the following years millions invested.
Only in Mexico Grupo Mexico presiding Germán Larrea, Plans to pay up in the next five years 3.800 million dollars ( mdd) , of which , 2,100 million dollars will be targeted to the newly reclaimed mine Cananea.
” In the case of Cananea seek to become the fourth largest copper deposit in the world , “he said in an interview with Jorge Pulido , deputy director of investor relations firm.
With the new investments aim to increase production of copper content Cananea from 180,000 to 450,000 tons by 2015. Although the market is talking about the possibility of a relapse in the U.S. economy (EU ), the group’s management is confident that the recovery will continue .
The investment GMéxico is almost five times higher than the recently announced Volkswagen.
According to Rodrigo Heredia, analyst IXE Casa de Bolsa, this will allow a greater demand for commodities by emerging countries , particularly those of BRIC (Brazil, Russia, India and China).
It is estimated that China consumes only 36% of world copper production and the expectation is that the U.S. economy continue to grow at double digit.
As for the price of industrial metal (copper ), the projected mining industry analysts point to continue at high levels. “Some analysts talk about that in 2011 would settle at an average of 3.65 dollars per ounce , even the optimists say it could reach up to 4.0 dollars, ” said Pulido. At yesterday’s closing price of this metal was located in the 3.5450 U.S. dollars , thus accumulating a 17% hike in the last 90 days.
The metal provides 74% of the total income of the mining division Grupo Mexico ( Company 26 500 Expansion ) and about 60 % of the consolidated (including transport division ).
The historic gold glitter
The metal continues to record new highs in their quotes , forecasts are less encouraging. This Wednesday concluded the session in the $ 1,293.20 an ounce , 18 % above the level that ended in 2009.
“Gold has become an investment option backup to protect against U.S. inflation and amid fears of a double recession, ” said an analyst at IXE Casa de Bolsa. It found that although the price can be set in metal that increases the risk appetite in markets, even at high levels could be maintained .
The growth plans Penoles presiding Alberto Baillères are also very ambitious for the next five years. For the period 2010-2014 the company has proposed to increase by 50% and 40% of its production volumes of gold and silver , respectively, compared with the level of 2009.
Through Fresnillo, Penoles open five new mines : Soledad dipole ( which came into operation in 2010), Saucito , Christmas Eve , San Julián , Orysivo , and expansion of swamp. In 2009 the firm invested about 400 million dollars, which will take off significantly with new projects.
Of total consolidated revenue of the group ( 12 months to June) , gold contributed about 28% and 42.4% silver .
For Karla Peña , an analyst at Actinver Casa de Bolsa, the increase in revenues of this company has not been reflected in their flows due to the sharp increase in cost.
‘ Flashes ‘ equity
The sharp rise in the price of copper and gold has led to a sharp appreciation in the price of the shares Penoles and Grupo Mexico in the Bolsa Mexicana de Valores ( BMV). Only so far in the third quarter, the first has a nominal output of 20% and the second of 18%.
Compared to their lowest levels observed in the last 12 months , the stock price of these stations have soared 45% and 54 % in the same order.
“We must bear in mind that the performance of the action Grupo Mexico is highly exposed to economic performance of China , the main consumer of this metal in the world , “said Pena Actinver .
In the case of Penoles ( Company 42 of the 500 Expansion), IXE Heredia also said the rise in gold prices , other factors that have affected the recovery of the share price are: solid fundamentals that the company has ( strong balance sheet , business expansion and improvement in margins) , the lag that had been presented against the index of the Bombay BMWThe refinancing of its debt and the beginning of the seasonality of gold and silver ( September-December ).
The investment will be mainly in Cananea during the next five years by the rise in metals in the 3rd quarter action GMexico up 18 % and 20% Penoles .
Penoles has planned to open five new mines in the following years. (Photo : Bloomberg News)
RELATED ARTICLES
GMexico invest 30 million dollars in Cananea
The firm said that with these resources produce molybdenum metal used in steel production . The miners are seeking out Cananea
The union said a judge granted a temporary suspension to continue their strike. urges Asarco Grupo Mexico
The miner posted a net profit of $ 310 million in the second quarter. prepaid credit Peñoles 2008
The miner said prepaid all of a syndicated loan maturing in June 2011. Gold hit new highs
The price of the metal exceeded $ 1.290 an ounce , boosted by comments from the Fed The copper production falls 3.5%
Mexico reduced production of the metal in June from a year to 19.481 tonnes, INEGI said .
Special
The 500 companies in Mexico 2010
Special
Mexico , toward the end of the crisis? By: Jesus Ugarte
MEXICO CITY ( CNNExpansión.com ) – In the expectation of recovery of the world economy, particularly the continued increase in demand and prices for metals like copper and gold, the great Mexican mining ; Grupo Mexico and Industrias Penoles exercised in the following years millions invested.
Only in Mexico Grupo Mexico presiding Germán Larrea, Plans to pay up in the next five years 3.800 million dollars ( mdd) , of which , 2,100 million dollars will be targeted to the newly reclaimed mine Cananea.
” In the case of Cananea seek to become the fourth largest copper deposit in the world , “he said in an interview with Jorge Pulido , deputy director of investor relations firm.
With the new investments aim to increase production of copper content Cananea from 180,000 to 450,000 tons by 2015. Although the market is talking about the possibility of a relapse in the U.S. economy (EU ), the group’s management is confident that the recovery will continue .
The investment GMéxico is almost five times higher than the recently announced Volkswagen.
According to Rodrigo Heredia, analyst IXE Casa de Bolsa, this will allow a greater demand for commodities by emerging countries , particularly those of BRIC (Brazil, Russia, India and China).
It is estimated that China consumes only 36% of world copper production and the expectation is that the U.S. economy continue to grow at double digit.
As for the price of industrial metal (copper ), the projected mining industry analysts point to continue at high levels. “Some analysts talk about that in 2011 would settle at an average of 3.65 dollars per ounce , even the optimists say it could reach up to 4.0 dollars, ” said Pulido. At yesterday’s closing price of this metal was located in the 3.5450 U.S. dollars , thus accumulating a 17% hike in the last 90 days.
The metal provides 74% of the total income of the mining division Grupo Mexico ( Company 26 500 Expansion ) and about 60 % of the consolidated (including transport division ).
The historic gold glitter
The metal continues to record new highs in their quotes , forecasts are less encouraging. This Wednesday concluded the session in the $ 1,293.20 an ounce , 18 % above the level that ended in 2009.
“Gold has become an investment option backup to protect against U.S. inflation and amid fears of a double recession, ” said an analyst at IXE Casa de Bolsa. It found that although the price can be set in metal that increases the risk appetite in markets, even at high levels could be maintained .
The growth plans Penoles presiding Alberto Baillères are also very ambitious for the next five years. For the period 2010-2014 the company has proposed to increase by 50% and 40% of its production volumes of gold and silver , respectively, compared with the level of 2009.
Through Fresnillo, Penoles open five new mines : Soledad dipole ( which came into operation in 2010), Saucito , Christmas Eve , San Julián , Orysivo , and expansion of swamp. In 2009 the firm invested about 400 million dollars, which will take off significantly with new projects.
Of total consolidated revenue of the group ( 12 months to June) , gold contributed about 28% and 42.4% silver .
For Karla Peña , an analyst at Actinver Casa de Bolsa, the increase in revenues of this company has not been reflected in their flows due to the sharp increase in cost.
‘ Flashes ‘ equity
The sharp rise in the price of copper and gold has led to a sharp appreciation in the price of the shares Penoles and Grupo Mexico in the Bolsa Mexicana de Valores ( BMV). Only so far in the third quarter, the first has a nominal output of 20% and the second of 18%.
Compared to their lowest levels observed in the last 12 months , the stock price of these stations have soared 45% and 54 % in the same order.
“We must bear in mind that the performance of the action Grupo Mexico is highly exposed to economic performance of China , the main consumer of this metal in the world , “said Pena Actinver .
In the case of Penoles ( Company 42 of the 500 Expansion), IXE Heredia also said the rise in gold prices , other factors that have affected the recovery of the share price are: solid fundamentals that the company has ( strong balance sheet , business expansion and improvement in margins) , the lag that had been presented against the index of the Bombay BMWThe refinancing of its debt and the beginning of the seasonality of gold and silver ( September-December ).
viernes, 8 de octubre de 2010
Luxury Real Estate Projects Are Reactivated in Mexico
Luxury real estate projects are reactivated
06/10/2010 07:49
Mexico. The real estate developments suspended in 2008 in areas such as Paseo de la Reforma, Santa Fe or in the Historic Centre – Alameda corridor, resumed works since the banking system reactive mortgage lending, reported President of the Mexican Association of Real Estate Professionals (AMPI) of Mexico City, Alejandro Kuri Pheres.
For AMPI other factors that will trigger the 'resurrection' of these projects, which are added to the good news, is the new Law of Urban Development, that allows the construction and/or rental of housing, services or businesses in wasted areas of the city that have improper land use, 'but this doesn’t necessary depends on political whims.
The completion of the cadastre update program will allow the secretariats of Urban Development and Housing, Finance, Works and Services, Environment and Economic Development to have the details of each lot, block or place of the city, and give legal certainty to investors regarding whether the project to be develop is viable, thereby 'minimizing the risk of losing their money.'
Another action that will boost the real estate sector is the digitization of Public Property Register, for 'legal certainty is given for each of real estate transactions in the city, which for years was the corruption focus of inefficiency and where large-scale fraud hatched by falsifying deeds,' said AMPI.
In the issue, currently has an advance of 40% of the deeds that have more movement, which reduced the number of people who daily came to this offices, from 1500 and the goal is to reach 100, so that 90% will be made via the Internet from their own notaries.
06/10/2010 07:49
Mexico. The real estate developments suspended in 2008 in areas such as Paseo de la Reforma, Santa Fe or in the Historic Centre – Alameda corridor, resumed works since the banking system reactive mortgage lending, reported President of the Mexican Association of Real Estate Professionals (AMPI) of Mexico City, Alejandro Kuri Pheres.
For AMPI other factors that will trigger the 'resurrection' of these projects, which are added to the good news, is the new Law of Urban Development, that allows the construction and/or rental of housing, services or businesses in wasted areas of the city that have improper land use, 'but this doesn’t necessary depends on political whims.
The completion of the cadastre update program will allow the secretariats of Urban Development and Housing, Finance, Works and Services, Environment and Economic Development to have the details of each lot, block or place of the city, and give legal certainty to investors regarding whether the project to be develop is viable, thereby 'minimizing the risk of losing their money.'
Another action that will boost the real estate sector is the digitization of Public Property Register, for 'legal certainty is given for each of real estate transactions in the city, which for years was the corruption focus of inefficiency and where large-scale fraud hatched by falsifying deeds,' said AMPI.
In the issue, currently has an advance of 40% of the deeds that have more movement, which reduced the number of people who daily came to this offices, from 1500 and the goal is to reach 100, so that 90% will be made via the Internet from their own notaries.
Luxury Real Estate Projects are Reactivated In Mexico
Luxury real estate projects are reactivated
06/10/2010 07:49
Mexico. The real estate developments suspended in 2008 in areas such as Paseo de la Reforma, Santa Fe or in the Historic Centre – Alameda corridor, resumed works since the banking system reactive mortgage lending, reported President of the Mexican Association of Real Estate Professionals (AMPI) of Mexico City, Alejandro Kuri Pheres.
For AMPI other factors that will trigger the 'resurrection' of these projects, which are added to the good news, is the new Law of Urban Development, that allows the construction and/or rental of housing, services or businesses in wasted areas of the city that have improper land use, 'but this doesn’t necessary depends on political whims.
The completion of the cadastre update program will allow the secretariats of Urban Development and Housing, Finance, Works and Services, Environment and Economic Development to have the details of each lot, block or place of the city, and give legal certainty to investors regarding whether the project to be develop is viable, thereby 'minimizing the risk of losing their money.'
Another action that will boost the real estate sector is the digitization of Public Property Register, for 'legal certainty is given for each of real estate transactions in the city, which for years was the corruption focus of inefficiency and where large-scale fraud hatched by falsifying deeds,' said AMPI.
In the issue, currently has an advance of 40% of the deeds that have more movement, which reduced the number of people who daily came to this offices, from 1500 and the goal is to reach 100, so that 90% will be made via the Internet from their own notaries.
06/10/2010 07:49
Mexico. The real estate developments suspended in 2008 in areas such as Paseo de la Reforma, Santa Fe or in the Historic Centre – Alameda corridor, resumed works since the banking system reactive mortgage lending, reported President of the Mexican Association of Real Estate Professionals (AMPI) of Mexico City, Alejandro Kuri Pheres.
For AMPI other factors that will trigger the 'resurrection' of these projects, which are added to the good news, is the new Law of Urban Development, that allows the construction and/or rental of housing, services or businesses in wasted areas of the city that have improper land use, 'but this doesn’t necessary depends on political whims.
The completion of the cadastre update program will allow the secretariats of Urban Development and Housing, Finance, Works and Services, Environment and Economic Development to have the details of each lot, block or place of the city, and give legal certainty to investors regarding whether the project to be develop is viable, thereby 'minimizing the risk of losing their money.'
Another action that will boost the real estate sector is the digitization of Public Property Register, for 'legal certainty is given for each of real estate transactions in the city, which for years was the corruption focus of inefficiency and where large-scale fraud hatched by falsifying deeds,' said AMPI.
In the issue, currently has an advance of 40% of the deeds that have more movement, which reduced the number of people who daily came to this offices, from 1500 and the goal is to reach 100, so that 90% will be made via the Internet from their own notaries.
AMB Will Invest 600 Million Dollars In REal Estate Developments
AMB will invest 600 million dollars in real estate development
23/09/2010 09:56
Mexico. AMB Property Mexico, a developer and manager of industrial real estate, mainly in regard to distribution and storage centers, said it plans to invest about $600 million dollars in the country over the next four years to face the growing demand for consumer and industrial companies and logistics infrastructure.
The announcement was made by AMB Property Mexico, a subsidiary of the global company, AMB Property Corporation, after formalized the placement of $3,300 billion pesos of certificates maturing on the Mexican Stock Exchange, a transaction that for the first time will allow institutional investors, such as companies that manage pension funds for retirement, participate of the profits and revenues of the growing industrial real estate sector in Mexico.
This way, with the resources obtained by AMB Property Mexico for the placement of the certificates, plus about $700 million pesos that will bring the company, plus a similar amount of funds that will receive from the debt, the company expects to build more than a million square feet of industrial infrastructure in Mexico over the next four years.
Particularly, AMB Property Mexico will focus on building distribution centers and intermodal terminals in Mexico City, Guadalajara and Monterrey, which are the main consumption centers in the country and where there is a growing demand for this type of infrastructure.
Investment announcement of AMB Property Mexico is, indirectly, a vote of confidence in the economic future of Mexico, although in recent months the levels of insecurity faced by some cities, mainly in the north, have generated some uncertainty about companies, mainly foreign, would slow their investment plans.
23/09/2010 09:56
Mexico. AMB Property Mexico, a developer and manager of industrial real estate, mainly in regard to distribution and storage centers, said it plans to invest about $600 million dollars in the country over the next four years to face the growing demand for consumer and industrial companies and logistics infrastructure.
The announcement was made by AMB Property Mexico, a subsidiary of the global company, AMB Property Corporation, after formalized the placement of $3,300 billion pesos of certificates maturing on the Mexican Stock Exchange, a transaction that for the first time will allow institutional investors, such as companies that manage pension funds for retirement, participate of the profits and revenues of the growing industrial real estate sector in Mexico.
This way, with the resources obtained by AMB Property Mexico for the placement of the certificates, plus about $700 million pesos that will bring the company, plus a similar amount of funds that will receive from the debt, the company expects to build more than a million square feet of industrial infrastructure in Mexico over the next four years.
Particularly, AMB Property Mexico will focus on building distribution centers and intermodal terminals in Mexico City, Guadalajara and Monterrey, which are the main consumption centers in the country and where there is a growing demand for this type of infrastructure.
Investment announcement of AMB Property Mexico is, indirectly, a vote of confidence in the economic future of Mexico, although in recent months the levels of insecurity faced by some cities, mainly in the north, have generated some uncertainty about companies, mainly foreign, would slow their investment plans.
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