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Costa Maya, Boca Del Mar, Mahahual, Mexico Cultural Photo Gallery
“Quality of life issues draw retirees to Mexico. Nobody knows how many Americans are already living in Mexico. The U.S. government pays social security cheques to between 600,000 - 700,000 Americans abroad, and a proportion of those have certainly chosen to go south of the border in search of sunshine and haciendas with ocean views and maid service. Then there’s tax - real estate taxes in some parts of Mexico are less than 0.2 percent, compared with about 2 - 3 percent in the U.S. Healthcare was also a factor, with retirees who noted that they could no longer afford healthcare or were not eligible for health insurance in the U.S. Mexico’s national health service, which costs about $200, is attractive for those who don’t have coverage in the U.S.”
“Mexican housing booms while U.S.A. housing swoons. In an interesting twist, as the United States housing market is hitting the dip after a huge run up, the Mexican real estate market is taking off. This is music to the ears of pension funds such as CalPERS who are investing nearly $300 million in the mortgage market south of the border. A young mortgage market combined with an expanding housing market will provide room to grow and invest in while the United States gets it’s legs underneath itself and with lots of investment dollars looking for a home, Mexico is in the perfect storm for rapid growth and investment.””
“Long thrashed by swings in the U.S. economy, Mexico now boasts a thriving housing sector whose record growth leads Latin America - a sign of increased economic stability and an outlet for investors looking to escape the U.S. downturn.”
“Mexico real estate is booming. What went right? The growth and popularity of Mexico’s real estate industry has absolutely exploded. Values in some Mexican markets have tripled in five years, far exceeding the rates of return in much of the U.S.”
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