Real estate in Mexico is a hot item for retirees from the United States and Canada as well as business people from Europe and Asia. A person I know said his father is considering moving to Mexico.
From 1993 to 2003, an estimated half-million Americans moved permanently South of the Border. U.S. citizens are sending money to themselves from the U.S. to Mexico as noted in this article from Pacific News.org in 2003:
"American entrepreneurship in Mexico is making its presence felt. In a study conducted by the Inter-American Development Bank, the amount of remittances sent to Mexico from the U.S. soared to $14.5 billion, up from $9 billion two years ago. But closer examination reveals that $3.5 billion of those remittances is money sent by Americans to themselves in Mexico, to purchase homes, finance the opening of businesses and for living expenses."
Beachfront property with mild weather is available for a fraction of the price of homes in California. Here is a comprehensive web site called Mexperience to guide you if you want to explore purchasing a condo or home in Mexico or read about real estate developments.
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