Boomers in Mexico

    Reporting 'Easy Access' Baby Boomers Rush South to Retire

    PUERTO VALLARTA, MEXICO, June 29 /CNW/ - The US Department of State
estimates that out of the approximately four million Americans living
overseas, between 600,000 and one million are in Mexico - 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 Mexico, 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 Mexico
-- have so many Americans moved to Mexico. Officials at the American embassy
estimate that there are "officially" more than 600,000 American citizens
living permanently in Mexico, 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 Mexico is "in the ballpark of 750,000."

    The reason so many Americans and Canadians choose Mexico is because they
can drive to Mexico in a car. A bigger reason is that Mexico 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. Mexico has great food, great architecture and many areas with
an excellent climate. Mexico 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.

For further information:

For further information: Gilhooley Consulting, Inc. MJ Gilhooley,
800-347-9014 or Venegas World Star Realty Mark

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890