Americans and Canadians are moving to Cancun, Mexico to enjoy a better lifestyle where their retirement goes further.
Why do people choose to retire in Cancun?
With its close access to Cancun airport and the charm of a small beach town, Playa del Carmen has become a favorite with ex-pats.
While Merida is a great candidate, many Americans and Canadians find it unbearably hot and prefer the proximity to Cancun Airport. Thanks to the ever-growing expatriate community that grows with each passing day, many Playa del Carmen residents feel at home.
Escape the high cost of living in the USA
One Cancun resident, an ex-pat, chose Mexico to retire. Escape from the overwhelming cost of living in the US. She was at an emotional turning point in her retirement life.
The annual cost of living is lower than in the US
With the cost of living so low in Cancun and high-quality healthcare cheaper, the fear of costly retirement food becomes a distance problem when living in Mexico.
And living costs can range from $ 10,000 to $ 25,000 per year, depending on personal preferences.
Can I buy a house in Cancun, Mexico?
Yes, you can! Until the law changed in recent years, you could not buy real estate in Mexico. With so much demand for foreign investment in Mexico, there has been a change in the law that allows foreigners to buy land through a trust.
Many Canadians and Americans choose to buy another home in Cancun for their retirement and comfortable living, and it also lowers the cost of living than tenants.
They like to live easily in a community of expatriate friends and friendly locals. They travel often, visiting friends and family whenever they want.
They enjoy the freedom of life between places. While some residents rent their properties to vacationers and earn extra money to finance their lifestyle, others choose not to.
Do you want to retire in Cancun? Or are you still thinking about it? Let us know what you think below in the comments!
