Retire in Bahia de Kino

Mexico named as best place in the world to retire

REUTERS Thu Sep 20, 2007 3:00pm EDT

NEW YORK (Reuters Life!) - Mexico was named on Thursday as the best place in the world to retire by an annual retirement index, replacing last year's winner Panama where real estate prices have soared.

Releasing its 15th annual global retirement index, International Living magazine said Mexico had jumped four places to top the list due to "an affordable combination of modern features and old-world charm."

The report analyzes 29 countries, and gives them scores in categories including real estate, entertainment, special benefits offered to retirees, culture, safety and stability, healthcare, climate, infrastructure and cost of living.

"Moving to Mexico means you can still have all of the amenities you grew accustomed to north of the border: cable TV, high-speed Internet, and modern home appliances," said the magazine's managing editor Laura Sheridan in a statement.

Mexico also won praise for its health care, diverse climate and affordable real estate.

The magazine, which caters for people living and working overseas, said a beachfront property in Mexico could be bought for less than $100,000.

Trailing Mexico were Ecuador, Italy, Panama, Australia, Malta, Spain, South Africa, Malaysia, France and Thailand.

Panama fell to fourth slot due to a dramatic rise in real estate prices, particularly in Panama City, and because the government has recently restricted tourist visas to 30 days, making it harder for seasonal part-timers to live there.

The United States ranked No. 19 in the report, scoring poorly in the area of special benefits for retirees. It scored well in both safety and infrastructure.

The United Kingdom was ranked at the bottom of the list at 29 countries, largely due to its high real estate prices and overall high cost of living.

Your Retirement in Mexico Offers Unlimited Possibilities

Take more time to enjoy life when you retire in Mexico

Are you considering retiring in some place warm and exotic without giving up life's conveniences? Then you should definitely consider retiring in Mexico. America's southern neighbor consistently makes International Living's list of the 10 top countries to live in. Mexico boasts a great quality of living, natural beauty, modern infrastructure, and safety.

You should also consider retirement in Mexico because it offers you proximity to the United States, which in turn gives you more flexibility in making your retirement move. You could scout for property in Mexico during long weekends as you consider your move, and once you are here, you could drive back to the U.S. to spend holidays with your friends and family. And because of great cellular coverage and widely available high-speed Internet, Mexico is also appealing to an increasing number of professionals and business people who semi-retire to Mexico while continuing to work and manage their companies...while sitting on a beach with a laptop.

Finding the Perfect Place to Retire in Mexico

When you make the decision to retire to Mexico, you must next think about your priorities as you consider a more specific retirement destination within the country. Fortunately, Mexico is such a diverse nation that everyone can have it all. You don't have to choose between water or mountains; here, you can have them both at the same time. And because of geographic diversity, you can also choose the climate to enjoy during your Mexican retirement: from hot and dry in the north, to hot and humid in the south, to spring-like temperatures all year round in the Colonial Highlands. Mexico's large quantity of beautiful coastline makes retiring on the beach quite popular among expats.

You can also own the home of your dreams in Mexico--for much less than it would cost you most anywhere in the U.S. or Canada. The real estate market offers endless possibilities for your retirement in Mexico: You can buy land and build the house you always wanted to own, you can buy a colonial gem and have fun restoring it to its original splendor, or you can opt for a modern home in the city, or a villa in a gated community. You can retire on the beach, on a golf course, on a lakeshore, or in the mountains. You can also retire in a condo or in a house, in the city or in the country -- the possibilities are virtually limitless. In fact, you could even retire on a ranch with farm animals, if that's what your heart desires.

What to Do During Your Mexican Retirement

Whether your vision of the ideal retirement involves shopping, fishing, sunbathing, diving, biking, mountain climbing, parasailing, collecting crafts, visiting archeological sites, partying, going to concerts, attending the theater, or fine dining, in Mexico you can engage in all of these activities and many more. Retiring in Mexico is still very affordable, and your money will buy you much more here than north of the border. When a dinner for two with a couple glasses of wine is only $35, a night at the movies with popcorn and sodas costs under $10, and a taxi ride across town is only a few bucks, you can really indulge yourself and enjoy the good life during your retirement in Mexico. And how about trying some new things, such as learning to dance salsa, mastering the secrets of Mexican cuisine, or exploring the rich history and culture of ancient Mayas and Aztecs? The possibilities are endless…

Check out "The News" section, we have a very interesting video by CBS News, and the article below:

"Mexican housing markets boom despite US crisis"
The Associated Press.

Published on January 20, 2008

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