With the US economy wavering, there’s a new interest in saving money. If you’re looking for suggestions on how to do that, consider purchasing Mexican real estate. A new study shows that Mexico’s cost of doing business is 20.5 percent less than that in the United States.
But that’s the cost of doing business. What does that have to do with Mexican real estate? Plenty. If the cost of doing business in Mexico is 20 percent less than in the US, the cost of living will be similarly lower. Life simply costs less here in Mexico.
What are your major expenses? Housing, transportation, taxes, food, day care? In Mexico, you can live in a home comparable to (or even nicer than) the one you live in today for about 35-40 percent of the cost of your existing home.
Transportation costs are lower, too. Mexico is the second largest exporter of crude oil to the United States, and while gasoline and diesel here are normally priced by the liter, the equivalent cost per gallon is significantly lower (by as much as 25 percent) than it is in the United States. Gas prices are regulated by a government monopoly known as PEMEX (Petroleos Mexicanos), so there’s not much variation across the country, and diesel is cheaper than gasoline!
Taxes simply don’t compare to those in the US. The rate is significantly lower. The taxes on Mexican real estate, even a sizable lot, would be a few hundred dollars per year. Food costs are also much lower. Puerto Vallarta is located in Jalisco, which is bordered by Nayarit and Michoacan – both farming states. Food is plentiful and inexpensive.
With the cost of living as low as it is here, an investment in Mexican real estate could provide an excellent immediate benefit (lower cost of living) as well as the long-term benefit of significant appreciation in the value of your Mexican real estate purchase.
Select Mexico Properties has some of the most beautiful ocean-view properties in Mexico for sale right now. They started out with 114 hillside lots, but they’ve already sold several parcels. The rest of these properties will move fast, so if your plan includes buying a prime building site – which will deliver an enormous return on your investment – the time to move is now! Please don’t wait! Contact a Select Mexico Properties sales representative today to start spending less and living more!
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