More than a dozen wealthy investors recently gathered at the Presidente InterContinental Hotel in Mexico City’s upscale Polanco neighborhood. They were there to hear a pitch on Miami real estate, most of them lured by a two-page newspaper ad touting luxury amenities in condos starting at $500,000.
Interest among wealthy Mexicans in investing cash in overseas properties has soared since the president-elect’s landslide victory Claudia Sheinbaum and his Morena party in last month’s elections. They are seeking to escape speculation that the next government will undermine the rule of law and raise taxes on the rich, despite official denials.
