BY CHRONICLE STAFF
Thanks to new strong demand and new regulations, available mortgage financing from U.S. lendors in Mexico will reach $400 million this year. That's four times the amount last year, says Rogerio Basso, a Miami-based Latin America specialist for Ernst & Young’s hospitality and real estate advisory service.
"As there has been continued stability in the economy as well as the currency, the risk in M
However, although U.S. real estate lending to Mexico has increased, it is still not the driving force behind the residential real estate boom in the country, says Peter Oxman, a Houston-based real estate partner at King & Spalding, a law firm that has represented American and foreign institutional investors and developers in several major real estate transactions in M
Basso agrees. Last year, Mexican investors funded...