According to a recent report published in the International Living Magazine, Mexico is the second country of choice for retirees, coming in ahead of Panama, Ecuador and Italy. The survey took into account several factors like cost of living, health care, special benefits, entertainment, real estate, climate and infrastructure and discovered that Mexico offers some of the highest return on all fronts. https://www.forbes.com/sites/nextavenue/2018/01/03/international-livings-top-10-places-to-retire-abroad-in-2018/#505168546c3e
Here are some of the main reasons that make Mexico an attractive place to invest:
1. Convenience: Mexico is conveniently located, right next door to Canada and the US. That means big savings in time and money regarding transportation.
2. More value for money: Mexico allows retirees to lead a very cost-efficient lifestyle. Food, taxes, entertainment and maintenance costs are low. Low building costs combined with affordable land costs make it a retiree’s haven. You can choose to live in a resort, beachfront home or a condo.
3. Instant equity: Since there is a lot of new construction and thousands of baby boomers retiring every day, Mexico is getting ready to provide them all a home. Prices are still low, but that won’t last long.
4. Rental potential: Mexicans are getting more mobile now, the rental market has grown considerably, so most owners of vacational properties, other than paying their HOA’s, make extra money renting them.
5. Great climatic conditions: Mexico has a diverse range of climatic conditions. From warm and sunny to beachfront or desert conditions, you can pick your choice of climate and settle down. Since Mexico is so big, you can also choose the kind of environment you want, whether fast-paced, secluded or something in between. For those who want to bask in the ocean breeze, the Pacific coastline is a blessing because it is relatively free of storms. The climate is similar to that of Hawaii and the beach is calm.
Whether you’re recently retired or thinking about investment and/or retirement, these are some of the reasons for you to consider Mexico as the place to do both.
READ MORE:
Mexico Vacation Home Buyers Purchasing for Financial Gain, Not Just Family Getaways: https://themazatlanpost.com/2018/09/18/mexico-vacation-home-buyers-purchasing-for-financial-gain-not-just-family-getaways/
The Washington Post. 27 Sept. 2018.- On Mexico’s Sinaloa coast, Mazatlán is an undiscovered gem. But probably not for long.
https://themazatlanpost.com/2018/09/28/mazatlan-makes-the-washington-post-headlines/
Mexico northern border, largest recipient of foreign patients in Medical Tourism: https://themazatlanpost.com/2018/09/25/mexico-northern-border-largest-recipient-of-foreign-patients-in-medical-tourism/
Use Your Retirement Plan to Invest in Mexico Real Estate: https://themazatlanpost.com/2018/09/19/use-your-retirement-plan-to-invest-in-mexico-real-estate/
Written by: Ricardo Angulo. Back to Mexico News