But what are retirees looking for in Mexico and why do they find it so attractive?
Obviously a determining factor is the low cost of living in Mexico, compared to the United States and Canada, and this is what allows them to afford a lifestyle and acquire a second residence in Mexico.
At the end of the winter season in the region, we see that there is still a lot of activity in the main tourist areas of Puerto Vallarta and Riviera Nayarit.
Many foreigners can still be seen living with locals in the streets, restaurants, shops and places of interest. This tells us that either temporary travelers are extending their stay in this destination or the number of permanent residents has increased. I am inclined to think that it is the latter, since retiring in this region of the Mexican Pacific is an increasingly common practice among citizens of the United States, Canada, and Europe, and it has begun to be a good option for Mexicans themselves.
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Puerto Vallarta and Riviera Nayarit are two destinations that still preserve their natural essence, which is why they are very popular among retirees and expatriates who are looking for a peaceful place and a more relaxed lifestyle than in their places of origin.
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Most retirees visit the location they have chosen for their retirement several times before acquiring a property, since for them security in the process of buying a property is a paramount point. It is known that many of them discover the “place of their dreams” first as tourists, then as temporary residents, staying in a rental house or in a condominium for a few months, until they finally end up buying a property.
Most retirees and expatriates look for cities or towns that already have a community of residents, especially from their own country of origin, hence the existence of strong, active and organized retirement communities, such as those that can be seen in Puerto Vallarta, Bucerías, San Pancho and even Guayabitos, are one of the factors that attract more of them to this Pacific region.
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Of course, I want to emphasize that it is of vital importance that the entire purchase process be carried out by a real estate agency endorsed by the Mexican Association of Real Estate Professionals (AMPI), a non-governmental organization that is the rector of real estate activity throughout Mexico, since in this way the buyer will avoid possible scams and will be sure to find the ideal place to spend “the rest of the best days of his life”.
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Puerto Vallarta is considered one of the friendliest cities to live in. Located on the border between the states of Jalisco and Nayarit, Puerto Vallarta is in the heart of the lush Banderas Bay (the largest natural bay in Mexico, the second largest on the American continent and one of the most beautiful and deep in the world.
Puerto Vallarta has received numerous accolades that are unique testimonies to the city’s warmth.
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More than sun and beach
Without a doubt, Puerto Vallarta is more than sun and beach, and although these are some of the elements to visit the “friendliest city in the world”, the port has endless options for the entire public.
The attractions that make Puerto Vallarta a magical tourist destination are due to the union of three different ecosystems in one place: the Sierra Madre Occidental, the rivers and the Pacific Ocean, which result in an extraordinary place to live that has an infrastructure first level.
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The city keeps its traditions in its squares, its streets and its people, it is a place that has attracted the attention of developers to come to invest and build.
Real estate of the highest quality causing inhabitants of the United States and Canada, mainly, to consider retiring in this paradise city.
That is why the green pearl of the Mexican Pacific is ready to welcome travelers from all over the world, reviving their desire to travel to this important destination with warm hospitality, natural charm and privileged essence due to its location between the sea and the mountains. mountains.
Known as “baby boomers”, the generation of Americans born between 1946 and 1964 (in the post war period), retirees or people in the process of doing so, have found places in Mexico to spend their free time, establish themselves and invest in México.
Babyboomers have a strong presence in Puerto Vallarta and Riviera Nayarit, both as tourists and residents, making them important segments for these tourist destinations. More than 30,000 baby boomers come to Bahía de Banderas, from November to April. Some for the holidays and many to stay for a several months, enjoying the climate, friendly locals and accessible prices compared to the prices in their country of origin.
This generation is interested mainly in areas like, Puerto Vallarta and in the state of Nayarit, the areas they prefer are Nuevo Nyarit, Bucerías, Sayulita, San Pancho, and Rincon de Guayabitos.
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But Baby Boomers, who are between the ages of 58 and 80, spend way more because they have extra money from savings and investments. This is confirmed with the growing number of residential developments, as well as the demand of specialized clinics and hospitals for the medical care of these elderly people, who have not had it easy in life, but are not daunted and continue to fight.
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How to know which is the best destination to invest? Choosing a destination where investors can trust to build the place tourists dream of is no easy task. Well, let me tell you, the Mexican Pacific coast offers incomparable advantages.
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One of this advantages is that it offers the investors the chance to choose either the harmonious fusion of traditional architecture in front of the beach or the modern condominiums in the charming coastal towns; this brings us to the Bay of Banderas, one of the most impressive regions of the Mexican Pacific.
In front of this bay, considered as one of the most beautiful bays in the world, reside two internationally recognized destinations, Puerto Vallarta and Riviera Nayarit, they are located in a strategic geographic location which means they are better protected against storms or hurricanes than other states near the Gulf of México or the Caribbean.
Air connectivity is excellent from main cities in the United States and Canada and its ground connectivity is constantly growing. Puerto Vallarta is also recognized among the 10 main ports for the arrival of cruise ships in México.
The conditions for rest, outdoor sports, recreation, leisure and holidays is another of its advantages, perfect for people who are looking for places to relax and forget about the stress of living in a big city.
With great tourist developments and really competitive investment costs, it’s no surprise that many investors are checking out the region, and the majority of American and Canadian retirees are also considering buying their second home there.
On top of that, Banderas Bay has a perfect weather with an average daily temperature of 25° C from November to May with very little chance of precipitation.
This region has one of the the highest economic growth in the country because of its security, which is another of its attributes.
Finally, we need to highlight the great added value of real estate investments, size and strength of the inside market with goods and services that make for a pleasant and exclusive lifestyle, within an environment of tranquility and stability.
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