Buying Homes In Mexico

August 31, 2008

A recently completed study shows an increasing number of American citizens are purchasing a residence and living in Mexico. The number has exceeded a million, with the highest percentage being retirees, according to a report from the State Department.

The primary motivation to move to Mexico is the lower cost of living, compared to living in the United States. Most of those relocating in Mexico are settling in Puerto Vallarta, Nuevo Vallarta, Manzanillo and other resort-type communities where there are many other Americans. Owning a property in Mexico has become easier in recent years. Changes in Mexican law allows foreigners to own property if they go through a Mexican trust bank.

Posted in Real Estate, Things of Interest