Mexico will recover within two years from the economic crisis gripping the world, an expert has claimed.

According to Roberta Cabrera, a partner in charge of KPMG’s risk advisory services in Mexico, the nation will experience a one per cent growth in its gross domestic product (GDP) this year.

She noted that the country should boom by a further 1.2 per cent during 2009.

Ms Cabrera said: “It will take approximately a period of two years for Mexico to recover from the economic crisis.”

A survey conducted by KPMG found that 37 per cent of companies think the dip in the economy will provide them with investment opportunities.

As companies look to capitalise on the crisis, there could be a higher demand for rental accommodation from foreign business people - which might benefit those with property in Mexico.

In related news, the Yucutan peninsula was recently identified as a favourite holiday spot by the Los Angeles Times, which could make it an attractive region to buy a property.

Overseas property investors have been advised to use sterling to purchase homes in Spain.

According to Martin Dell, of Kyero.com, converting funds into euros could make properties more expensive due to the decline in the value of the pound, reports Homes Worldwide.

He noted that a property costing €100,000 would cost £86,000 at the moment but if purchased last week it would have been priced at £78,000.

Mr Dell said: “If you are contemplating purchasing a property in Spain worth hundreds of thousands of Euros, the extra cash you now need represents a significant hike in an already difficult market.”

He added that UK investors may find that the currency differences will work in their favour if they acquire a home in Spain using sterling rather than euros.

Shelter Offshore recently stated that investors are looking at the downturn in the country’s property market as an opportunity to make a profit.

The online portal claimed that buyers are viewing Spanish property as long-term money-making acquisitions.

A high number of new-build homes are without buyers in Spain, it has been suggested.

According to Spanish daily newspaper El Pais, there was a 20 per cent rise in new-build homes without purchasers during the first six months of 2008, reports Homes Worldwide.

With a glut of houses without buyers, overseas property investors may be able to pick up cut-price new-build homes.

The article based its claim on new research from the Ministry of Housing and the University of Navarra, which showed that there were over 500,000 homes on the market, at the end of June.

The demand for properties declining, investors could acquire a bargain in the Iberian nation.

In related news, property consultants Aguirre Newman recently claimed that prices in Spain need to fall by 23 per cent in order for them to fall in line with the average household’s income in the country, reports Kyero.com.

Investors looking for an overseas property in a popular tourist location may wish to consider the Yucatan peninsula.

The Los Angeles Times identified the region as one of the top five tourist destinations in Mexico, saying that it has a property to fit “practically every budget”.

With its “calmer environs”, the area could provide buyers with ample opportunities to earn an income from renting out homes in the region.

Purchasers can acquire high-quality luxury homes, or basic “palapa-style” bungalows if they are have more limited funds.

Reed Johnson, of the LA Times, said: “Either way, you’ll get access to the Platonic ideal of what a beach should be: miles of white sand lapped by calm, warm, turquoise waters.”

He added that the area offers opportunities to visit late Mayan ruins situated at Tulum.

In related news, Volaris and Southwest Airlines have entered a code-sharing deal which will enable tourists to purchase tickets from each carrier for the other airline’s flights, which include trips to Mexico from 2010.

Property investors from Britain are still very willing to purchase a foreign residence, a new study has found.

According to Jet-to-Let magazine, the credit crunch is not putting people off the idea of investing in bricks and mortar, particularly in other countries.

Research by the publication found that respondents unanimously believe that buying a foreign property is a better option than putting money into stocks and shares.

In addition, results showed that most investors are not buying abroad in order to collect short-term gains.

For example, 98 per cent of those surveyed said they plan to use their overseas residence as part of their pension plan.

Dominic Farrell, editor of Jet-to-Let magazine, commented: “The results clearly show that educated investors understand the long-term nature of property investment.”

According to figures from Holiday-Rentals, 31 per cent of British-owned foreign properties in Europe are located in Spain.

Overseas property investors who are in search of a bargain have been encouraged to consider the Spanish market.

According to ShelterOffshore.com, the European country currently offers a number of opportunities for foreign buyers.

The website said this is partly because the housing market in Spain is currently undergoing a price correction.

As a result, buyers could potentially “call the shots” throughout the purchasing process, especially if they are paying with cash.

ShelterOffshore.com said: “Spain is a great market offering real opportunities right now.”

However, the website added that prospective buyers still need to take important issues into account when purchasing a residence.

For example, it stated that investors should consider the location and quality of their home, as well as current market conditions.

This comes after Kyero.com revealed that many people are holding off on making a purchase and waiting for prices to come down.