For Americans and Canadians, living in Mexico has long been a popular option among retirees and expats of all ages who are looking for affordable access to year-round sun, sand and surf. Today, many Europeans and others from around the world have also begun to invest in Mexico real estate, which offers an excellent return on investment (ROI) and the potential for excellent returns.
“The country boasts beautiful beaches, fascinating attractions, friendly locals, an all-year-round good climate, low cost of living and a good quality of life for all who travel there,” wrote Expat Info Desk.
In addition, living in Mexico offers easy access and close proximity to the United States and Canada, as well as regular flights to many destinations in the UK and throughout Europe, making it a breeze to go home for visits with friends and family. Healthcare in Mexico is also on par with the U.S. and much more affordable, while Mexico’s economy is also one of the strongest in Latin America and many parts of the country have become hubs for budding entrepreneurs, aerospace and tech industry giants.
“In terms of international business, the country is ranked second highest out of all the Latin countries in terms of high income,” wrote Expat Info Desk. “The cost of living in Mexico is also very cheap, which means that many expats living here can enjoy a lavish lifestyle.
As a result, now is a great time to invest in Mexico, especially in real estate, such as beach condos in the country’s most popular destinations. In fact, making money in Mexico has never been easier, but it’s important to understand how to buy a house in Mexico before you invest. There are currently as many as two million expats living in Mexico either full or part time, many of whom have planned for a retirement in Mexico for many years due to the lower cost of living and superior lifestyle in places like Tulum, Cancun and Playa del Carmen on the country’s Caribbean coast, as well as Cabo San Lucas, Puerto Vallarta and the Riviera Nayarit on the Pacific coast.
“The people are friendly and welcoming to foreigners and the crime rate is quite low,” wrote Expat Info Desk.
Of course, there is also no shortage of exciting activities, as well as luxurious services and amenities, for expats to enjoy while living in Mexico. The nation’s highly diverse landscape provides access to everything from tropical beaches to arid deserts, old-growth forests and pristine mountain lakes.
Today, the low value of the Mexico peso against the U.S. dollar also helps expatriates enjoy a very high standard of living, with everyday items like groceries, as well as beachfront real estate and other monthly expenses costing much less than they would in the U.S., Canada, Europe and other developed countries. Also, while Spanish is the official language of Mexico, English is also spoken by many locals – at least enough to get by until expats pick up basic Spanish.
Finally, the climate in Mexico is another major reason people (especially those who hail from northern climes) really enjoy living in Mexico, either full or part time. While the temps vary according to altitude, most seasonal variations in temperature are small and in many of Mexico’s most popular expat communities, the weather is gorgeous year-round.
In short, buying a house or luxury condo in Mexico can not only be a great investment for retirement, but it can also provide a vacation home and income-generating opportunity in the short term for those who still have to work full time in other parts of the world. If living in Mexico is a dream of yours, now is a great time to put plans into motion that will make that dream a reality!