News and Press Section
Mexico News>>
Hottest foreign second home markets for 2007
Here’s where Americans will be turning to this year for second homes abroad.
By Les Christie, CNNMoney.com staff writer
Published: January 20, 2007
NEW YORK (CNNMoney.com) — Americans have never taken much to living abroad, at least not to the same degree the British have. Some 5.5 million Brits, about 10 percent of that nation’s total population, now live as expatriates, with 200,000 more every year.
Mexico Second Homes>
Making It Easier to Buy in Mexico
New York Times: Sunday Real Estate Section
By FRED A. BERNSTEIN
Published: March 19, 2006
When Thomas Keeling, a New York City firefighter, retired from the force in 2003, it took him less than a month to leave College Point, Queens, for this beach town about five hours south of Tucson.
Mr. Keeling, 43, paid less than $500,000 for a 3,800-square-foot house with spectacular views from nearly every window.
Buying in Mexico>
More American Retirees Seek Havens Abroad
New York Times
By HILLARY CHURA
Published: July 30, 2005
These days, some Americans heading for retirement are as concerned with pesos as pensions, and foreign language classes as Medicare. They are part of an emerging population expecting to spend their retirement abroad.In January, baby boomers will start hitting 60 at a rate of more than four million a year. More mobile, active and adventuresome than prior generations, these 78 million Americans are rethinking retirement. Many will be lured overseas by a more affordable cost of living and temperate weather. Some will want to return to their native countries or to places where they once worked or studied.
Mexico Retirement>
Stunning Puerto Escondido Mexico & over the border in Guatemala, the casas are beautiful, traditional and cheap
The Observer - Guardian Unlimited
By Gareth Rubin
Published: Sunday April 8, 2007
The sunrise over Puerto Escondido, the swish former fishing town on Mexico’s southern coast with a booming trade in upmarket tourism, is almost reminiscent of a symphony. Delicate spots of light play across the blue waves, occasionally picking out turtles, while the sun’s yellow beams stream over the beach. It is no surprise that ‘Puerto’ has become the Mexican retreat of choice for wealthier European and American settlers.
Despite average price rises of 20 to 30 per cent per year over the last three years, property here is still reasonable. While most gringos choose to buy a plot of land and build a modern high-design villa to their own specification, there are also a number of developers producing good-quality housing quickly and at low cost. Nashville-born Nancye Radmin from Puerto Real Estate explains: ‘It’s always sunny here, so we have no downtime; no frozen ground means we can build continually.’
Don Goyo is one of Puerto Escondido’s new developments. It is made up of 16 goodsized homes circled around a central communal space with two swimming pools. Each house has two bedrooms, two bathrooms and a roof terrace looking out over the sea…