Friday, June 27, 2008

Texas for Sale?

Are real estate agents urging Mexicans to "reclaim a piece of Texas"?

Texan estate agents are heading south of the border to drum up the interest in buying cut-price land and property in the foreclosure-hit state.

Thanks to a rising Mexican peso and an economy which is growing faster than that of the US, a country that has previously been looked on by America as a source of cheap labour is now seen as a potential source of rich investors.

A "Texas for Sale" sign and cowgirl-clad models greeted visitors to a recent property fair in Monterrey, Mexico, at which hundreds of Mexicans looked over lists of potential investment opportunities.

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