In the last decade, more and more American expatriates have come to retirement and second home communities to enjoy the beautiful Mexican beach resorts. The U.S. State Department reported in October 2004 that 385,000 live in Mexico year. That number is almost certainly higher today.
The reasons are clear. Mexico's proximity and hospitality attract US citizens like no other country does. Familiar culture and shared border make Mexico an attractive destination for Americans. Also, Mexicans are very warm and friendly people which certainly help in making Mexico one of the Top Tourist destinations all over the world.
Mexican beach resorts have another big factor in favour: weather. Winters are warm and summer heat is tempered by the waters of the Pacific, the Sea of Cortez, or the Caribbean.
Other factors that lure Americans and Europeans alike to the beaches of Mexico is low prices of Mexico Beachfront real estate. Even though in recent time property prices in Mexico have increased, the costs of homes are still low when compared to similar homes in US and Europe with same facilities. Icing on the cake is low property taxes averaging about $300 a year on property of $300,000 and low monthly costs.
Mexico now boasts of almost all world class facilities, amenities and means of entertainment. Satellites, cable television, Internet are available for ex-pats to make them feel closer to home and keep them abreast with the latest in their home countries. Almost all major American food brands are available in well stocked supermarkets. Don't be surprised if you run in to Wal-Mart in Mexico.
To cope up with the huge demand, more and more huge ambitious projects are developed. The main beneficiaries of this surge in development have been southern Baja, from Cabo San Lucas to La Paz; Puerto Vallarta, from San Blas to Manzanillo; Sonora, on the northern arm of the Sea of Cortez, from San Felipe to Puerto Penasco; and the Cancun to Tulum area.
All these reasons make, Buying Mexico Property for retirement a no-brainer. All you have to do is find an excellent Mexico real Estate agent, who will make you stay in this beautiful country a dream come true.
Author: Jason Keiller
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