Realising Your Dreams - A Place in the Sun MexicoRealising Your Dreams - A Place in the Sun Mexico, it’s almost everyone’s dream to find a place in the sun and for many people Mexico is the ideal place to relocate. There are over 15,000 expats living in Mexico and more and more people are choosing the country as a retirement destination. If you are considering a move to Mexico, it is essential to do your research so that you can avoid any costly issues. Before you go ahead and make the move, you should make sure that you have:
- Researched your destination, and the local customs and laws
- Obtained independent legal advice
- Researched the tax regulations
- Made plans for your health cover
About a Place in the Sun MexicoThe country is a popular expat destination, especially for the retired. There are many retired communities along the coasts, where older expats group together. Mexico has a thriving manufacturing and industrial centre, which will attract many expats looking for employment. Crime and violence can be an issue, especially in the large cities, but this is rarely directed at foreigners and crime is much less of an issue in the beach side retirement settlements and holiday resorts. Here are some of the popular areas to settle: Cuernavaca - Located fifty-six miles southeast of Mexico City, Cuernavaca is a colonial city that dates back to at least 1200 AD, when the settlement was an important agricultural and artisan centre. Cuernavaca’s rainy season runs from late May to October each year, with tropical downpours happening on occasions. Mazatlan – This is the northern-most resort city on the Mexican Riviera (situated along the Pacific Coast) and is Mexico’s closest mainland resort city to the USA. Mazatlan’s rainy season runs from late May to October each year, with tropical storms and hurricanes. Playa del Carmen – Situated on the Yucatan peninsula in the state of Quintana Roo. Once a small fishing village, Playa del Carmen is now the second largest Mexican resort destination after Cancun. Veracruz – located on Mexico’s tropical southern Gulf coast, this is the country’s leading commercial port. This is a bustling, vibrant place with a low ex-pat community and is frequently likened to pre-revolutionary Havana.
A Place in the Sun Mexico - Buying a Property in MexicoDue to the political situation in the USA and Donald Trump's severe stance regarding Mexico, the demand for real estate has increased considerably. For example, in the border city of Tijuana property has risen by 35% over the last year. Experts state that Tijuana has the best foreign real estate market in the world in 2017. Demand is outstripping supply in the housing market. Combine this with a currency in trouble and you have an incredible opportunity in the housing market. There is a wide choice of property available in Mexico; most expats choose to rent an apartment, house or condominium. The whole purchasing process is very easy with a minimum of red tape. However, it is advisable to enlist the services of a real estate lawyer to oversee the transaction, especially for anyone who does not speak Spanish. It would be wise to make sure the lawyer is properly qualifies with a license to practice and always ask to see their cédula professional before asking them to act for you. The following site has a selection of properties: www.point2homes.com/
A Place in the Sun Mexico - Education & Schools in MexicoSadly, the standard of education in Mexican public schools is low with a high drop out rate. This is because many local children need to work to help their families, especially in more rural areas. Most expats choose to educate their children in international schools and these are mostly concentrated in the main cities, such as Mexico City, Monterrey and Guadalajara. Help to select a school can be found at: www.expat-quotes.com/
A Place in the Sun Mexico - Travel in MexicoPublic transport in Mexico is affordable and very efficient. However, a good level of Spanish will certainly help with navigating the system. The country has one of the best bus networks in the world; these are easy to use, quick and a luxurious way to travel across country. There are many domestic airports in Mexico and since the country is large, this is often the best way to travel long distances.
A Place in the Sun Mexico– Currency ConversionWhen moving overseas, making sure you get the best exchange rate possible is essential to starting your new life on a sound footing. White & Company has an exclusive arrangement with an FX Firm (foreign exchange company). Simply follow the link below to see what additional monies you will receive compared to using your high street bank and to set up a free no obligation account. White and Company/foreign-exchange
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