When you reach the age of retirement, would you consider the option to retire to Mexico? The country is one of the most famous retirement options today and has seen a lot of improvements over the years. As a matter of fact, the country has landed the 12th spot in the list of the world’s largest economies. Mexico is just ripe for retirement and future investments.
The Low Cost of Living
Rumor has it that the cost of living in Oaxaca, Mexico is so low that you can live on your Social Security checks alone. Technically, you can but you won’t be living a life of luxury of course. This doesn’t mean that it is expensive to live in Oaxaca. As a matter of fact, real estate properties, utility bills, and transportation bills are about half or at least a quarter lower in Oaxaca than what they would normally cost in the United States. Your monthly water bills can go as low as just $20 (or $10 every fortnight) and you can even find really good properties at just $200,000. If there is one reason to retire to Oaxaca, Mexico, it’s the affordable lifestyle.
The Ease of Acquiring a Property
There used to be Restricted Zones in Mexico that pretty much meant non-Mexican residents could not own a property along the beach so foreign investors couldn’t get in the game for quite some time. All that has changed now because today, the country allows foreigners to own land in the Restricted Zones via the Mexican Bank Trust, otherwise referred to as the Fideicomiso. This agreement now allows foreigners to acquire land in the highly sought after Restricted Zones.
The Natural Beauty of Mexico
Cozumel, Cancun, Puerto Vallarta, the Yucatan Peninsula and Oaxaca are just some of the most beautiful places in the world and you can find them all in Mexico. You will find many white beaches and one-of-a-kind wonders such as the old Mayan sites and the underwater marine park. Nightclubs, restaurants, bars, and numerous beach parties have become a significant part of what Mexico is today. There is always something to see in this country, whether it’s an action-packed rodeo show or a chance to swim with the dolphins.
A lot of people have considered retiring in Mexico and it really comes as no surprise at all. Whether your goal is to be able to retire comfortably without having to deal with a high cost of living, or if you simply want to be able to buy a beachfront real estate, then there is no denying that Mexico is a very good option for you. Considering the cost of living here, you can certainly look forward to a great retirement and best of all, you don’t have to use all your savings just to be able to fund a comfortable and enjoyable life.
Should you retire to Oaxaca? Definitely. That is, if you want to live in paradise for a fraction of the usual cost.