NAFTA- What does it mean to Mexico market and others??

NAFTA- What does it mean to Mexico market and others??
Mexico City and Resort Markets :

How Will NAFTA Affect...

... Mexican Real Estate?

Demand for all types of commercial properties will increase as U.S. and Canadian companies open Mexican branches and outlets.
The retail market will grow as franchises open new outlets and large discount dealers (fast food, discount, department stores, clothing, home repair, and auto parts) open stores.
The ability to finance real estate will be enhanced with the advent of continental norms in loan underwriting and the introduction of North American-style title insurance.
Land use patterns will change as a result of infrastructure construction (regional airports, national interstate highways, sewer and water projects) and loosened restrictions on foreign ownership of real property.
Mexican Real Estate Brokers?

Professionalism will increase as a result of the proposed introduction of mandatory licensing on a state level, subject to a nationally based standards; the growth of the Mexican Association of Real Estate Professionals (AMPI); and AMPI-sponsored joint ventures for professional educational courses with CREA and NAR and associations like CIREI.
Competition will increase due to the introduction and growth of professionally managed real estate brokerage organizations and franchises. For example, RE/MAX, Grubb & Ellis, Century 21, and Cushman & Wakefield have already expanded into Mexico.
Increased opportunity for co-operative brokerage with American and Canadian real estate professionals and for serving expanding Mexican firms and American and Canadian companies entering the market.