Property Investment News - Mexico

Mexico could become a popular destination for retirees looking to make the most of their currency in later life, experts have suggested.

According to real estate professional Maurice Glazer, the country could become a prime spot for those who want a retirement home in the sun.

As well as offering a number of lifestyle benefits, the weakness of the peso could encourage cash-strapped buyers looking to stretch their currency as far as it will go.

Mr Glazer, an international tax expert with Glazer Financial Network, told the Dallas Morning News: "This is a beautiful country, with friendly, warm people. The potential is enormous. You're looking at the remaking of Mexico."

Mexico was recently described as a "country we can count on" by Luis Riu, the chief executive officer of Riu Hotels and Resorts.

He said there has been steady interest in rental accommodation and hotels in the country and that it is a popular tourist destination.

This is likely to be welcome news for property investors planning to rent out homes in Mexico.

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