Finally, the International Monetary Fund also identified that securities such as Collateralized Debt Obligations, are almost non-existent among the Mexican financial sector. Traditionally the Mexican land market was strongly driven by those American’s who were looking for a second or vacation home in the warm temperate climate of Mexico due to its value for money and low cost of living. When talking about this realestate market, it seems that the US land market is closely associated. Mexico ’s economic status remains strong, with commercial banks offering lower mortgage rates than in previous years and remaining [...]
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