Recently, we stumbled across this infographic, and we are happy to see Mexico to be considered among the best places to retire in 2016. We are big believers of the truth in numbers, however we believe that they are not everything.
Mexico has been a place where retirees from North America have been choosing to retire since the last century. Places like Cabo, Lake Chapala and San Miguel de Allende have been popular destinations for a long time and have a big expat community.
There has been a growing number of expats that chose to retire in the Yucatan Peninsula, as it is one of the safest places to live in Mexico. There are also so many options, as you can pick a beautiful colonial home, a modern condo at the beach or even a cabin at the jungle.
According to the latest census, there are about one million foreigners living legally in Mexico and about 800,000 of those are from the US. There is also a big population of snowbirds that come and spend the winter here, according to official numbers about 50,000 foreigners every year.
Read:Â Mexico: Second best country for expats
Even though more retirees are struggling to live on their pensions in their countries of origin, the dollar has been gaining value against other currencies. At the moment 100 USD would be about 1933 MXN pesos, enough to pay for your groceries for two weeks.
Imagine: you can legally own Real Estate in Mexico, also their immigration policy is very friendly with retirees as the required income to give you a visa is around $1500 USD or less if you own property in Mexico. Also, the Social Security pension can be sent to Mexico by the SSA.
The process to get your Resident Card is pretty straightforward and the whole process can take a couple of months. Not long ago you had to renew your visa every year, but now the law has changed and if you apply for a permanent resident card is a one in a lifetime process.
Something to consider is the cultural familiarity with Hispanic countries, as according to the last census Hispanics are the greatest minority in the US. From Spanish, to tacos and Margaritas… We are sure you will feel at home in this beautiful country.
Contact us if you have any additional questions, or visit our website and browse our beautiful properties.
Here at TOP MEXICO REAL ESTATE…
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