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Most people who are considering a move to Puerto Vallarta are interested in the cost of living here. For some, that’s the primary motivator for moving in the first place. Their main question is whether or not you can really live less expensively in Puerto Vallarta?

The simple answer is yes, but it really depends upon the lifestyle you want to lead. You can find everything you need and want here in Puerto Vallarta. In addition to beautiful, ocean-view housing, you can also find excellent, affordable health care, low-cost prescription drugs and clean, safe water.

Fresh produce is widely available. You can find imported specialty foods, but they’ll be more expensive than the local cuisine.

Energy costs can be higher than what you’re accustomed to paying in the US. The price of gasoline is regulated by a government monopoly, but electricity costs can be higher. Energy-efficient home designs and the use of solar technology can substantially offset the additional electricity costs.

Taxes are substantially lower here, but you’ll still pay them. Your tax rate depends upon your residency status. Fortunately, if you live in the country for more than six months each year, you can qualify for residency (for tax purposes) after five years. Your resident tax rate will drop your costs in this area even further.

Public transportation is widely available and Puerto Vallarta continues to seek innovative solutions that meet the transportation needs of its growing population. In addition, massive investments in the infrastructure in Puerto Vallarta are being made right now to support not only the growth in Puerto Vallarta’s tourist industry, but also the growth in Puerto Vallarta’s permanent population. These improvements make Puerto Vallarta an attractive investment area and will enable you to live less expensively in Puerto Vallarta.

If you are considering an investment in Mexico real estate and you’re looking for a solid investment performance, please contact a Select Mexico Properties sales representative today and let us show you how you live less expensively in Puerto Vallarta and still enjoy a high quality of life.

Photo Credit: Mario Alberto Magallanes Trejo

With the news that the average retiree can expect to spend $250,000 in uninsured medical care, and that the reward for living into your nineties can mean a health care bill of more than $400,000, it’s no wonder that people are looking for affordable health care when they retire. Many people are finding exactly what they’re looking for in Mexico, where the cost of health care is 50% to 75% lower in some cases than comparable health care services in the United States.

Because of its status as a tourist destination, Puerto Vallarta is a great place to find high-quality, affordable health and dental care. Finding good dental care in retirement is important because having access to good dental care is critical for maintaining overall health. Additionally, 50 percent of people over the age of 55 wear partial or complete dentures.

In addition to health care services, seniors can find affordable health care support, such as low-cost prescription drugs, eyeglasses, hearing aids and more. For seniors who are healthy and mobile, finding household assistance with laundry, meals, landscaping and housekeeping is easy. Puerto Vallarta has a willing and able work force. Such personal assistance is both common and affordable among the retirees who live here part-time or year-round. Seniors can also find trained assistants who can monitor the status of an older person or provide more skilled in-home care when needed.

Affordable health care is just one of the many benefits that retirees will enjoy in Puerto Vallarta. Having access to high quality, affordable health care means that seniors can spend more of their retirement savings on the things that make retirement enjoyable.

For more information about retiring in affordable luxury in Puerto Vallarta, please contact a Select Mexico Properties sales representative today.

Photo Credit: Vangelis Thomaidis

If you always assumed that you would retire to Florida, you might want to rethink that. The outlook for the Sunshine State isn’t as sunny as it once may have been. An investment in Puerto Vallarta luxury homes may be in order instead!

State revenues in Florida are falling, which means pinching pennies hard to get through the current fiscal year and adjusting spending downward for next year. In contrast, the Puerto Vallarta economy is hot with no signs of stopping. Owners of Puerto Vallarta luxury homes have experienced a tripling of property values in the past ten years, and will see those same values double in the next five. Compare that to declining property values in Florida, which are expected to continue for several more years.

Florida is still attractive to the wealthiest of retirees, but the number of retirees who believe they fall into this category is dropping fast. The mushrooming cost of health care in retirement is largely to blame for the decline in retirees’ wealth. On the other hand, investors who live in Puerto Vallarta luxury homes can look forward to affordable health care in a quality environment.

More people retire at age 62 than any other age group. The first of the baby-boomers are now turning 62, and many are rethinking early retirement due to the soft economy in the US. The shrinking job market has put a lot of older workers out of a job, and many cannot find suitable replacement employment. Those who are still working will continue to generate income while they can.

If your plans call for you to work until age 65 or higher, but you lose your job at age 60 and can’t find new work, will you have sufficient funds to cover your retirement? Worse, what happens if a health crisis forces you to retire before your retirement savings are fully realized? Will the savings you have put together be enough to handle the added health care costs? When you invest in a Puerto Vallarta luxury home, many of these questions are answered.

An investment now in Puerto Vallarta luxury homes has some distinct benefits. First, it’s a buyer’s market here. You can have the best properties at prices you’ll never see again in this area. You can build a luxury home, hire staff to help with meals, housekeeping, landscaping and laundry, and live comfortably and within your budget. The quality of life here is high, and you can pass your investment on to your children or sell it for a substantially appreciated value should the need arise.

If you want to worry your way through retirement, or settle for retiring in place and take your chances with the skyrocketing cost of health care, do nothing. If you want to enjoy retirement living in a sunny, warm climate with good health care, a reasonable cost of living and a spectacular return on investment, contact a Select Mexico Properties sales representative today!