Buying Real Estate in Mexico

PLEASE BE CAREFUL WHEN LOOKING TO PURCHASE REAL ESTATE IN MEXICO

Although having a real estate license IS REQUIRED in Playa del Carmen and all Quintana Roo, according to a law passed in 2015, it is estimated that only less than 1% of those who are selling real estate are licensed. Continue reading

10 reasons to choose the Riviera Maya:

10-reasons-to-move-to-mexico

10 reasons to choose the Riviera Maya:

How do you plan to spend your retirement? Is moving South an option? Have you considered relocating to a warmer region for this new phase of your life?

If you’re not sure where to settle, you may want to consider the Riviera Maya as your #1 destination choice. Offering the perfect combination of entertainment, quality of life and profitable investment, there are many reasons why this paradise makes the perfect retirement home:

1. Entertainment:

The ultimate dream location for outdoor enthusiasts, the Riviera Maya offers multiple beach and aquatic activities such as kayaking, snorkeling, diving, swimming, fishing and sailing. The area also provides opportunities to explore natural and historical treasures including Mayan ruins, cenotes and eco-parks. And let’s not forget all the great bars, restaurants, boutiques, and golf courses! Without a doubt, the Riviera Maya gives you plenty to do for many many years!

The Good Life:

2. With more than 300 sunny days annually, a healthy diet of local fresh tropical food, a laid back lifestyle and beautiful surroundings, your quality of life will greatly improve. Your retirement may just be some of the best years of your life!

3. Mexico has all the familiar comforts and commodities you have back home. You’ll find all the major brand name stores such as Costco, Wal-Mart and Home Depot. Mexico also has excellent health services for a fraction of the price. Now that should really ease your mind!

4. The average cost of living in Mexico is 60% of that in the U.S. and Canada. As a result, you’ll enjoy a much higher standard of living!

5. In addition, property taxes are almost nonexistent compared to the 3% that you have in the US and Canada. That means no bad surprises at the end of the year!

6. You may be thinking that Mexico and the Riviera Maya sound wonderful but that it’s just too far from your home and family. Well, no worries because the Riviera Maya is extremely well connected to the US and Canada with over 50 non-stop flights daily.  That, combined with one of the best airport and highway transportation systems in the world makes every traveling experience smooth and trouble-free. The distance won’t feel quite so far from your loved ones.

Profitable Investment:

7. Mexico’s economy is booming and currently one of the strongest in Latin America. Surpassing China for quality and price, Mexico is now the world’s top producer of manufactured goods.

8. Mexico’s tourism is booming and it’s even more the case in the Riviera Maya. Of the millions of tourists who travel to Mexico annually, 70% choose the Riviera Maya as their final destination. As a result, Real Estate sales and the demand for property continue to grow.

9. Thanks to its great weather, beautiful beaches, incredible hotels, world-class golf courses, and ecological and archaeological treasures, tourism and investment in the Riviera Maya keep increasing. It currently is the fastest growing region on the planet. You’ll find great infrastructure, amenities, creature comforts and as a result, a thriving Real Estate market. You can expect on average a 25% equity gain on a pre-construction condo purchases upon project completion. In short, you just can’t lose when you invest in property in the Riviera Maya.

10. Due to the booming tourism, there’s a 100% occupancy rate in the Riviera Maya during the busy season. Demand often exceeds availability. So if you plan to rent your property, you don’t have to worry about finding enough renters. The average investor can expect to see an 8% ROI annually from rental income alone.

 

The Advantages of Living in Mexico

The advantages of living in Mexico:

The advantages of living in Mexico

Mexico and its all-year-round warm weather is a popular destination amongst American and Canadian tourists. In 2014, 1,598,000 Canadians visited Mexico, up from 692,000 in 2000, according to Statistics Canada. Canadians account for about a third of all foreign retirees in Mexico, according to the Mexico Tourism Board.

Canada’s department of foreign affairs estimates about 125,000 Canadians live at least part of the year in Mexico but why is that? Well, there are several reasons but one of the most important one is surely this one:

What makes Mexico really attractive is the cost of living! In short, people can live in Mexico, a life that they can’t anywhere else.

Indeed, housing has extremely high standards…The same as what you would have in Canada or the US: Full kitchen with all useful appliances, good internet connections, AC, etc. But for a fraction of the rent, you would pay back home. And if you decide to buy a place and furnish it, you will be able to find local craftsmen who can do fitted kitchen etc…again…for a fraction of the price!

Food is also an important element! Mexico’s culinary tradition being part of UNESCO’s world heritage, you can be sure that you will always have something to satisfy your taste buds. Just as an example, a street meal won’t cost you more than 5$. And if you decide to cook your own food (totally possible since you will have a fully furnished kitchen), you will most definitely save even more on your food budget.

Since most people moving to Mexico are retirees or snowbirds, something very important to consider is health care. Well you will be happy to learn that Mexico enjoys extremely good health care. As good as in the US or Canada…even better maybe as the price for dental cares and health services, in general, are less expensive, with better service and less waiting time!

In addition, keep in mind that the “better life” part often includes a maid, gardener, or inexpensive babysitter in the mix…

Of course, if you’re considering moving to Mexico to live full-time or part-time, there are other things you should keep in mind:

Transportation: On that side, you are also lucky! Not only is Mexico a very accessible country from the US or Canada; there are several international airports throughout the country, but there is also excellent and safe bus service to travel around the country or between cities for not very much and local public transport is well developed in even the smallest towns. So most of the time, you won’t need a car.

Last but not least…visa and immigration paperwork! Mexico is probably one of the easiest destination in that regard. Upon arrival, you can ask for an 180 days visa which you will get instantly and that you can renew as often as you want (as long as you leave the country for a couple of days and reapply for one when you come back). However, becoming a permanent resident of Mexico requires several years of living in the country: four for most people, two for those married to a Mexican national.

Safety: We often hear terrible things about violence in Mexico but all in all, Mexico is a safe country. Of course, you should do a little research before you move anywhere but all popular cities and regions amongst expats (such as Riviera Maya), are extremely safe!