27 March 2006

Retire in style in Mexico

CNN Money reports that more Americans are retiring in Mexico, and as new retirement and resort destinations become available the numbers will grow. According to the US State Dept. over 1 million Americans live in Mexico today, five times the number only 10 years ago.

The enticements to retire in Mexico vary, from good prices on premium real estate, to the low cost of living, to the comforts of American life becoming increasingly available. “Mexico is a foreign setting with a familiar accent,” Bruce Greenberg, an appraiser/market consultant for Mexican real estate, who cites Mexico’s proximity and hospitality as two big draws for Americans.
“There are four major waterfront corridors where Americans live in Mexico, according to Greenberg: 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.”