Right now, the value of the Mexican peso is fluctuating relative to the US dollar. I think it’s healthy and natural that the peso is fluctuating. An expensive peso is not convenient for Mexicans, so a cheap peso is better. A less expensive peso brings more economic activity and investment to the country, even though the Mexicans are really angry with a cheap peso because foreign goods will cost more for them to purchase.
The macro economy in Mexico is growing, but the micro economy is not the best. There’s a very big part of the Mexican economy that is working. There’s an informal economy in Mexico and that’s very difficult to control or measure.
How well the Mexican economy does has not really affected those who retire here. Foreign retirees are very happy because with their retirement funds from the US, with which here they live perfectly well because it’s so much cheaper here.
The sector of the Mexican economy I would most recommend for investment is real estate, because it’s quite stable, and the return of investment is very good. Real estate is always one of the safest or I could say one of the sectors with less risk of all investments. Mexicans will tend to hold on to real estate much longer than let’s say Americans, so if there’s an economic downturn, they will tend to hold on to it. Also Mexicans will own real estate with much less leverage than Americans, which also helps to stabilize real estate prices. Could be, yes. I agree with that.
(Caribbean beach on the Riviera Maya, Yucatan, Mexico, pictured.)