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 News from Around Banderas Bay | June 2007 
Boomers in Mexico
 Business Wire
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| | Learn more by attending the Mexico Tourism, Travel and Real Estate Expo in the San Francisco Bay Area, where "Puerto Vallarta to Punta de Mita: Developments & Resorts" will be presented by Mexico Expo Title sponsor Venegas World Star Realty. Click HERE for more info. |
Puerto Vallarta, Mexico - The US Department of State estimates that out of the approximately four million Americans living overseas, between 600,000 and one million are in México - up from about 200,000 a decade ago.
Many of the residential areas are gated communities much like the communities north of the border. Most of the American residential areas are beachfront properties at prices much lower than state side. Most recently in, an estimated 100,000 Americans have created the first North American land rush of the 21st century.
In the last decade, an estimated half million American Baby Boomers have moved permanently to México, making the United States' southern neighbor the country with the most U.S. expatriates in the world. Not since the conclusion of the American Civil War - when thousands of Southerners emigrated to México - have so many Americans moved to México. Officials at the American embassy estimate that there are "officially" more than 600,000 American citizens living permanently in México, but concede the actual number is closer to 800,000. Treasury Department officials in Washington estimate that the number of Treasury checks - Social Security, Veteran Administrations, tax refunds - sent to México is "in the ballpark of 750,000."
The reason so many Americans and Canadians choose México is because they can drive to México in a car. A bigger reason is that México is a bargain compared to the USA and Canada. Mexico is rich with history, steeped in culture having perhaps a more pronounced culture than any other nation in Latin America. México has great food, great architecture and many areas with an excellent climate. México is modern, with better highways than many parts of Latin America and an infrastructure that allows foreigners to connect via telephone and Internet to the rest of the world. This level of infrastructure isn't available in Nicaragua, or in Guatemala, and this is a very important determining factor for the boomer retiree who doesn't want to be inconvenienced by inconveniences.
Boomers who are concerned about making the move have solid sources to turn to. Mark Venegas, owner Venegas World Star Realty, has made a point to have native born agents who have US training precisely to help with the process of moving to Mexico. “The closing process, notary, escrow, your deed (Escritura), capital gains taxes, security and management of property are just a few things we guide clients through…we have a unique position to offer inside information on the real estate with the understanding of what US residents really need to know,” states Venegas.
“Punta Mita is the boomers’ most recent find, with sales tripling for the local real estate association's MLS (Multiple Listing Service) and doubling for developers. It’s very upscale, low-density development with a Jack Nicklaus golf course and a Four Seasons Hotel. Up to now, most of their product has been beachfront or fairway/oceanview luxurious homes, but they have recently begun offering condominiums and townhouses,” adds Venegas.
Venegas World Star Realty specializes in matching Puerto Vallarta luxury home, second home, retirement home or investment home buyers with select Puerto Vallarta locations.
 With four real estate and vacation rental offices around Banderas Bay, the team of experienced realtors at Venegas World Star Realty is committed to providing professional, ethical and excellent realty and rental services in Puerto Vallarta.
Click Here to learn more about Venegas Realty. |
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