Select Mexico Properties

For people who are planning their retirement, these are indeed troubled times. Instability in multiple key market sectors is making people nervous. Despite the fact that more than 55% of soon-to-be retired individuals are worried about the safety of their retirement investments, one-third of people in the same group say that they expect to maintain their current spending after retirement.

The data show that most Americans aren’t saving enough and receiving enough in investment returns to maintain a retirement lifestyle that’s essentially unchanged from their pre-retirement days. As a result, analysts estimate that a significant number of retirees will outlive their retirement savings. Retirees and the soon-to-be retired are looking for strategies that will produce income and reduce spending after retirement to levels that complement their retirement savings.

Despite market conditions, there are some investments that are doing just that. One such investment can be found in Puerto Vallarta real estate. The price of Puerto Vallarta real estate is low when compared to other Pacific coast communities. In addition to low land prices, the cost of constructing a private residence in Puerto Vallarta is likewise very affordable.

Puerto Vallarta has a climate that is similar to Hawaii and receives about 300 days of sunshine per year. The quality of life in Puerto Vallarta is relatively high. People who choose to retire in Puerto Vallarta have access to high quality medical and dental care, affordable prescription drugs, clean municipal drinking water, high quality food, low taxes and find it very easy to reduce spending after retirement.

With Puerto Vallarta real estate, investors usually apply one of two strategies to generate added income. Some investors choose to build a “spec home” and sell it when it is finished. The price of existing luxury homes is climbing quickly and individuals can take advantage of a sharp increase in valuation for a newly completed home.

Other investors choose to build a luxury home in Puerto Vallarta and live there part-time or full-time after retirement to take advantage of the low cost of living and high quality of life. With either approach, the potential for profit is high. The Puerto Vallarta real estate market is hot and is expected to remain so for several years. If you would like more information about how you can benefit from the strong Puerto Vallarta real estate market, please contact a Select Mexico Properties sales representative today!

Photo Credit: Marja Flick-Buijs

According to a new study released by Westpac and the Association of Superannuation Funds of Australia (ASFA), those retirees who want to live comfortably saw a .6% increase in their expenses in the fourth quarter of 2007. The study shows that a comfortable retirement for a couple will cost about AUD$49,000 annually, or $46,360 in US funds. The cost of a “modest” retirement, which rose by .9% in the same period, would cost about AUD$26,500, or just over USD$25,000.

Those calculations show what retirees and those approaching retirement all over the world are finding out: a comfortable retirement is expensive! (Unless you make plans to retire to a place where the cost of living is lower and the quality of life is comparable to what you have now.)

One such place is Puerto Vallarta. Retirees and those planning for retirement are looking very carefully at Puerto Vallarta. Prime real estate here is still affordable, and the quality of life in Puerto Vallarta is high. The cost of living, as in the rest of Mexico, is low and will allow retirees to enjoy a comfortable retirement on the savings they have.

The real estate values here are such that many retirees, who thought they may not be able to enjoy a comfortable retirement, can retire not only in comfort, but in downright luxurious, custom-built homes that would be valued at several times their cost anywhere else in the Western world.

A comfortable retirement may be more than a luxurious home, but even those on a limited budget can afford to hire help for cooking, laundry, housekeeping and landscaping. The quality of medical and dental care is such that people from all over North America come here to find inexpensive, high-quality care. Prescription drugs are far less expensive here, home heating is unnecessary, and the cost of gasoline is regulated by a government monopoly. These factors all enable your retirement savings to go farther, while you enjoy a high quality lifestyle.

Don’t expect to find ex-pat retirees sitting in rocking chairs here, either. Retirees enjoy golf, tennis, horseback riding, deep-sea fishing and even surfing in the famed Sayulita waves! If you’re ready to compare the retirement you’ll have at home with the comfortable retirement you’ll enjoy in Puerto Vallarta, please contact a Select Mexico Properties sales representative today.

Photo Credit: Charlene Sprong