May 16 2012
Retiring in Mexico takes a fraction of the savings that retiring in many other countries does
From the beaches of Puerto Vallarta, Riviera Nayarit, Cabo San Lucas, LA Paz, Acapulco, Ixtapa – Zihuatanejo and Cancun to the culture of the Yucatan Peninsula, Zacatecas, Michoacan and from the metropolises of Mexico City, Guadalajara and Monterrey to the archaeological wonders of Oaxaca, Quintana Roo and Veracruz, Mexico is home to some of the most incredible cities and tourist destinations in the world. People visit for many reasons, to enjoy the scenery, the weather and the food. Mexico has become a world known place for people seeking retirement and vacation homes. The growth of the country has also made investing in Mexico popular on the financial front.
Retiring in Mexico
People are learning that retiring in Mexico takes a fraction of the savings that retiring in many other countries does. The country offers diversity in retirement locations ranging from quiet, commotion-free areas to large cities full of excitement and activity. Mexico has decent locations where you can live for as little as $700 per month and gorgeous, ritzy locations where you can live for around $5,000 per month. A luxury home on the beach would cost 50 percent of what one would cost in the United States. For example, a beach home in the States costing two million dollars would go for approx. $1,000,000 in Mexico.
The country offers one of the most desirable climates in the world. In Mexico City, it is almost spring-like all year long. However, due to the high elevation, it can freeze there in the winter. Other lower areas are more desert-like and they are hot in the daytime and cool in the evening. The hottest areas are along the coast, where it is often very hot and humid. So, you have a variety of climates from which to choose should you decide to visit or relocate to Mexico.
Health care in Mexico is attractive to many potential retirees. Even people from the U.S. who do not retire there visit for medical care and prescriptions because much of it is more affordable than in the United States. If you have a medical policy in the U.S., you may be able to keep that coverage. Another option as a foreigner is to apply for IMSS, which is Mexican Social Security. It covers dental, eye care and medical. If neither of the above works for you, you may be able to purchase global medical insurance, group international insurance, international health insurance or traveler medical insurance.
You do not have to move to a place to invest in it. Business is booming in Mexico and it seems that it will continue to do so. One reason is that Mexico is perfectly situated as a hub for trade with many continents and large countries. The government is drastically reducing trade tariffs to bolster and easier facilitate worldwide trade. This affects products such as cars, chemicals, clothing, fabric, steel and more.
In fact, the country is the number one supplier of car parts and trucks for the United States. It is also the top supplier of smart phones and is the number two producer of televisions. It is the top exporter of agricultural products such as avocado, mango, organic coffee, papaya, watermelon and other melons and it is the second leading exporter of tomatoes.
Other industries in which it is a top producer or exporter include aerospace, medical instruments and silver and other types of mining. With regard to aerospace, Mexico has more companies in that industry than any other country in the world. Queretaro is the most lucrative aerospace city on the North American continent and it provides the greatest return for shareholders.
Part of the reason for these numbers is the increasing education provided for its people that is leading to skilled workers. Another reason is that production is less costly due to a good exchange rate against the dollar, inexpensive transportation costs and many Free Trade Agreements. Yet another factor is the stability of the economic environment, which has spurred much Foreign Direct Investment (FDI), for which the country ranks eighth in the appeal ranks.
Mexico has much to offer including a tasty cuisine and hospitable people. Services are more affordable and for anyone setting up home there, the construction industry has a reputation for quality. If the thought of living in Mexico pleases you, consider purchasing a home there and start exploring different cities such as Puerto Vallarta and the Riviera Nayarit on the Pacific Coastline and which are located in the second largest Bay in North America.
You are most certainly to spend less and find what you are looking for in regards quality, and lifestyle. You can use a <a href=”http://www.simplyfinance.co.uk/calculators/mortgage-cost-calculator.html“>mortgage calculator</a> to determine how much a payment would be for your investment if you required some kind of credit to purchase your retirement, investment or vacation home in Puerto Vallarta and the Riviera Nayarit areas.
Make sure you consult with a real estate professional that belongs to AMPI (Mexican Associations of Real Estate Professionals).
By: www.searchsciences.co.uk / specially written for Prudential California Realty, Vallarta Division.




























