Real Estate Market
	The Real Estate market has been declining in the US, and some construction companies are beginning to pay more attention to the possibilities of investing in Mexico. According to a recent article published by The Wall Street Journal1, there is a Real Estate company from Arizona that has its eyes 1126 kilometers south of the border in Baja California Sur, Mexico. In partnership with FONATUR (a Mexican tourism agency) it has a construction project that aims to build 6000 units: apartments ranging from $280, 000 to oceanfront mansions for $ 1 million. It is not the only investor willing to tap into the Mexican Real Estate market, as several Mexican destinations are experiencing growth in the Real Estate sector. Much of this has to do with growing confidence in Mexico as a destination for this sort of investment, as well as the demand created by a relatively large and growing population of foreigners who search for a beach on which to relax for longer periods of time. It is not only American development companies that are active, as many Mexican developers also see the importance of catering to this sector as well as the growing number of Mexicans who are currently purchasing second homes. According to a study published in the same article by The Wall Street Journal , and conducted by Active Living International and Cemex, around a million Americans are actually living in Mexico and about 157 000 among those are retirees or individuals over 55 years old. This number is expected to increase in the coming years as Americans show great interest in retiring in Mexico. This community, and those who will soon join it, is attracted by the weather, the proximity with the US and quality medical service. Another recent attraction is the availability of financing for foreigners who want to buy property in Mexico. Until recently this was not possible as Mexican banks would not offer these types of loans and American banks based in the US were reluctant to make loans destined for Real Estate investment in Mexico. Nonetheless there are now brokers who offer financing in Dollars and Pesos at different rates. Many condominium developments also offer their own financing schemes, although they are for shorter terms (5 years or so). According to a study published in the same article by The Wall Street Journal , and conducted by Active Living International and Cemex, around a million Americans are actually living in Mexico and about 157 000 among those are retirees or individuals over 55 years old. This number is expected to increase in the coming years as Americans show great interest in retiring in Mexico. This community, and those who will soon join it, is attracted by the weather, the proximity with the US and quality medical service. Another recent attraction is the availability of financing for foreigners who want to buy property in Mexico. Until recently this was not possible as Mexican banks would not offer these types of loans and American banks based in the US were reluctant to make loans destined for Real Estate investment in Mexico. Nonetheless there are now brokers who offer financing in Dollars and Pesos at different rates. Many condominium developments also offer their own financing schemes, although they are for shorter terms (5 years or so).