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Bajio

This central Mexico region, which includes the states of Guanajuato and Querétaro, could be the one of the biggest secrets in Mexican real estate. Swedback says automotive companies from around the world are investing heavily in the area — with Nissan and Honda setting up plants and Toyota and Nissan expanding their facilities.

"It's so hot there now that I'll go out with clients, who will come back in a month and all the pieces of land they were looking at have since sold," he says. "They're cannibalizing each other to be in prime positions."

Carlos Adampol