MEXICO REAL ESTATE
Mexico real estate prices remain cheap, despite the freefall of property prices in United States. Any property in Mexico will yield a better return's over a period of time, when treated as an investment.
Land and property continue to be affordable in Mexico and the affordability continues even after your purchase, because property taxes, home maintenance and the basic cost of living is lower in Mexico than in the United States and Canada, and much lower than in Western Europe.
Most of the times, when foreign expatriates are asked why they moved to Mexico, among the most common reasons they cite is a desire to simplify our lifestyle’.
Recent decades have brought the advent of speed and urgency into many people's daily lives and, with these, complexity and stress. People moving to Mexico, whether to live and work or to retire, often arrive with an underlying hunger to simplify their life situations and to engage with wholesome lifestyle choices.
People relocate to Mexico for simpler life usually comes to realize that the complexity of their previous life was expensive. A by-product of simplicity is the reduction of costs.
When you move to Mexico, you get a nicer lifestyle, and an opportunity to spend more than you do in your home country. However, most people who arrive here as tourists have no idea of the attractions and benefits of living in Mexico. It has been known for the older tourists to return to this country as a property owner or an investor.
As a rule of thumb, the Mexican immigration authorities usually require retirees to demonstrate a proven income of at around US$1,500 per month, plus US$500 monthly for each dependent. However, this sum is reduced, if you own a home in Mexico, as the income of $1500 includes monthly rent.
In Mexico, real estate choices are as diverse as the locations on offer. For example, if you want to build an eco-home in Mexico, parcels of land are available for as little as US$12,000 at El Dorado Ranch in San Felipe. If you’re looking for a traditional home in Mexico which is close to the US border, then La Ventana Del Mar, also in San Felipe, is an affordable way to own property in Mexico. For a little more luxury, without the complexity, you might consider settling at Estrella Del Mar in Mazatlan.
When you own a home, you can live comfortably in one of Mexico's provincial towns or cities for around US$1,000 a month which is sufficient to pay all of your basic food and utilities, eat out a couple of times a week, and run a modestly-sized vehicle.
