Mexico consumer spending is still strong - supporting the economy despite lower US demand for industrial exports.  Domestic consumer spending is being fueled by readily available credit cards and other types of loans.  This confidence is expected to keep Mexico’s economy growing all year.  Banamex, the largest bank in Mexico, recently reported that it expects a 2.5 percent rise in same store sales for dominant retailer Walmart de Mexico.  So far there are no signs of an unfavorable impact from the US economic slowdown. 

Consumer credit in Mexico has only emerged in the last 10 years.  The lending industry is steadily growing and will help to continue economic growth.  With the free-flowing availability of credit, households can maintain a higher level of consistent spending.  Unlike the US however, interest rates in Mexico are extraordinarily high.  Individuals and companies can expect to spend anywhere from 25-63% to get a loan!

A healthy economy means Mexico real estate will remain strong.  Take a look at the beautiful East Cape locations if you’re looking for your Mexico getaway!

Relocating to the Baja?  Please contact Alfredo Cristo for help with real estate options.

Search for available properties in La Paz, Los Barriles, Loreto, Mulege, Baja Sur - Mexico

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