Articles Related to Mexico


But you will see a few familiar U.S. icons here, such as Walmart, Sam's Club, Costco, and Home Depot. You can actually find anything you'll need in the shops downtown, but the U.S. stores will bring that familiar level of convenience that's hard to find outside the United States.

Xalapa has a number of lush parks and squares (normally called a zócalo in Mexico), each of which has a distinct personality. I stayed just down the street from Parque Juárez, which pretty much exemplifies what I like about zócalos. It was a busy social hub on Saturday night, with an almost carnival-like atmosphere, while Sunday brings a pleasant crowd of people strolling and relaxing in the traditional Mexican Sunday-style, people-watching and buying snacks from the street vendors' carts. This hillside zócalo has a unique lookout, affording a breathtaking view of the surrounding hills and city.

I was looking at my old field notes from 1998 and 2000 and saw where I'd written that "traffic downtown is not bad for a city of this size." This is no longer the case; traffic is heavy downtown and moves at a crawl. If I had a home in Xalapa, I'd either walk or use the inexpensive taxis and public transit, at least in the downtown areas.

The property market in Xalapa starts at less than US$50,000—so deep into bargain territory that you'd be hard-pressed to find such low prices in a Third World backwater, let alone a classy city like Xalapa.

The average cost per square meter in Xalapa is just US$791. To put that into perspective, I'd consider anything less than US$1,300 per square meter to be a serious bargain. However I don't see any market force here that would cause prices to appreciate quickly, so this is not a place to buy and flip for a quick profit.

You won't find a better value. Here are a few examples of what's on the market today. Properties are priced in Mexican pesos, so the U.S. dollar values I give below will change with current exchange rates.
  • A three-bedroom, single-bath apartment in Jardines de Xalapa has just come on the market. It has 72 square meters (775 square feet) of living area and a garage space. The asking price is US$37,800 (500,000 pesos).
  • I like this one in Zona Centro because it's convenient and walkable. It's a ground-floor apartment with lots of light and ventilation and a large, nicely planted, 60-square-meter courtyard. In the 111 square meters (1,195 square feet) of floor space there are two bedrooms, two-and-a-half baths, a family room, and laundry area. The asking price is US$109,500 (1.45 million pesos).
  • Also in Zona Centro, four blocks from Parque Juárez, there's a small two-story house on the market, with 90 square meters (970 square feet) of living space including, two bedrooms, and one-and-a-half baths. It's in a great location close to banks, restaurants, shopping, and one of the city's best zócalos. The asking price is US$113,300 (1.5 million pesos).
  • We also found a two-story, restored colonial for sale with 272 square meters (2,930 square feet) of living area including four bedrooms, three-and-a-half baths, a study, laundry area, and parking for one vehicle. The kitchen and baths are new, as are the Spanish tile. The asking price is US$173,700 (2.3 million pesos).
  • This one's a grand old classic colonial, just two blocks from Parque Juárez in Centro in about as good a location as you can find in the city. It's a 404-square-meter (4,350 square feet) house that would make a great boutique hotel, B&B, or just a large, traditional Mexican courtyard home. It currently has six bedrooms, with room for more, and it's in excellent condition. There is a spacious reception and great room area and an adjacent room that has space for a bar and restaurant, if you were opening a business. Tropical gardens fill the interior courtyard and servants' quarters are located in the rear of the property. The asking price is US$415,400 (5.5 million pesos).
  • In the Las Animas neighborhood, this contemporary one is probably the best value we saw. It's a large home with three bedrooms (one with dressing room and Jacuzzi), two-and-a-half baths, a terrace, and a two-car garage. It's got 240 square meters (2,580 square feet) of living space on two stories and also includes a maid's suite. Located in an exclusive, upscale community, the asking price is US$151,000 (2 million pesos). To save you the math, that comes out to just US$629 per square meter at today's exchange rates. In most markets I'm familiar with, that would be a super bargain at twice the price.
  • Finally, just out of town to the south, I have to mention the most unique home I've probably ever seen. It's called Las Hojas (The Leaves), and all of the windows are formed into the shape of various leaves. The leaf theme continues inside, where these openings are carved into interior partitions, the fireplace, etc. Thirty-inch-diameter tree trunks hold up twin lofts which serve as the bedrooms. The living areas, bedroom lofts, dining room, and kitchen all open up to the large, environmentally enclosed center courtyard. It's a multilevel home of 170 square meters (1,830 square feet), bordering an ecological preserve. The asking price is US$147,200 (1.95 million pesos).

To get to Xalapa, you can fly into the El Lencero Airport (JAL). It's about 15 minutes from town, although the only airline there is Aeromar, which you'd pick up in Mexico City. Alternatively, you could go to the Veracruz airport (VER) for better connections, if you're willing to drive around one-and-a-half hours to get into Xalapa from Veracruz.

In general, the Xalapa area is a great place to live and be a part of a thriving, energetic community with all the cultural and artistic amenities you could want. You'll find a great symphony, theater, and plenty of excellent restaurants...along with good and convenient shopping.

Prices will not rise quickly, but for a super lifestyle at an amazing price in old, non-gringo Mexico, Xalapa will be hard to beat.

Lee Harrison

Editor's Note: This article ran earlier this week in our Overseas Property Alert edited by Lee Harrison. This once-a-week free e-letter service comes straight from Lee's laptop to yours as he's on the road scouting real estate markets of opportunity. Sign up to receive Lee's weekly dispatch here now. Again, it's free.

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You don't mind...or, if you do, you're not happy. If you're interested in a lifestyle supported by the diversions and distractions of a big city, Cayo is definitely not for you. If you're delighted by the thought of wide-open spaces where life revolves around the land and where independence and self-sufficiency are prized above all else, then Cayo could be the paradise you seek.

At home in Cayo, the view outside your bedroom window and from your front porch would be of fields and pastures, trees and jungle, rivers and livestock. You'd see Mennonites driving horse-drawn carts and children walking home from school. Everyone going about his or her business, not much bothered by market values, fiscal cliffs, or the mounting deficit. Here, in this land of escape, where life is simple, those things don't seem to matter or even to register.

Living in Cayo, you'd have Internet but maybe not reliable high-speed service. Don't move here if you plan to day trade.

Who Should Retire To Medellin, Colombia?

Medellin is a pretty, tidy city with a near-perfect climate. It's also culturally and recreationally rich and diverse in a sophisticated, developed-world kind of way. On any given day, you could visit a museum or see a tango show. There's opera in season, shopping year-round, and dance clubs, nightclubs, and white-glove restaurants...plus interactive outdoor museum-parks, an aquarium, an amusement park, botanical gardens, a planetarium, a "Barefoot Park" with a Zen garden, and dozens of small, neighborhood parks and treed plazas.

Medellin is an economic and financial center for Colombia, as well as a literary and an artistic one. It's the base for newspapers, radio networks, publishing houses, an annual poetry festival, an international jazz festival, an international tango festival, and an annual book fair. Back in 1971, Medellin was even the venue for Colombia's answer to Woodstock, the Festival de Ancon.

Medellin is a place where things work--the Internet, the metro, street-cleaning, garbage-collection...you can count on these services day-to-day. Taxis are metered, shop-keepers are well-mannered, and the people you pass on the street are well-dressed.

Making this a good choice for someone who wants city life but who also enjoys the out-of-doors (as this is a city best enjoyed al fresco). Medellin is suited to the retiree who isn't interested in hot, humid, or tropical and who appreciates Euro-chic but doesn't want to travel all the way to Europe.

The expat and retiree communities in Medellin are fledgling, meaning that you'd have to assimilate into the local one. This would mean speaking Spanish. If you don't already speak Spanish and don't want to learn, Medellin is probably not your ideal retirement haven.

Who Should Retire To Cuenca, Ecuador?

Cuenca is a colonial city where the cost of living is low and the cost of buying a home of your own is near rock-bottom. The health care is high quality, honest, and super-affordable. As in Medellin, the weather is "spring-like" year-round. Unlike Medellin (which is an emerging retirement haven rather than an established one like Cuenca), the city is home to one of the world's largest and fastest-growing communities of foreign retirees.

On the other hand, you have to remember that, charming as it can be, Cuenca is located in a poor, developing country. In this regard (and many others, too) Cuenca is the yang to Medellin's yin. In Cuenca, as throughout Ecuador, the standards of maintenance for roads, buildings, sidewalks, etc., won't be what you're probably used to and the hassle factor associated with any administrative task will be big.

Expats we know who are happy living in Cuenca are able to consider these annoyances fair exchange for the simple, 1950's lifestyle the city offers. Walking around town (Cuenca is a place where you could live comfortably without owning a car), you'll get to know the shop owners and your neighbors, who will all get to know you, too.

Cuenca will appeal to the expat who wants city life but who also has a sense of adventure and who is up for (rather than intimidated by) culture shock.

Who Should Retire To Puerto Vallarta, Mexico?

Romantic. That might be the best single word to describe Puerto Vallarta. The city also offers shopping and fine dining, boating and golfing, country clubs and community, gourmet shops and designer boutiques...all alongside a beautiful stretch of the Pacific Ocean.

Puerto Vallarta could be called glamorous, but the cost of living and of buying real estate here aren't jet-set. This is one of Mexico's most sophisticated resort spots, with more cachet than Mazatlán and more chic than Cancún. Walking around Vallarta, you get that happy, vacation-time feel that successful beach resorts exude.

And that's the would-be retiree overseas who should consider Puerto Vallarta--the beach-loving soul who likes the idea of retirement as a perpetual, fully appointed vacation.

Who Should Retire To El Cangrejo, Panama?

El Cangrejo is the expat hub of Panama City and a top choice for a comfortable, affordable, downtown-city-living experience. In El Cangrejo, you're smack-dab in the middle of everything Panama City has to offer.

This is one of the few neighborhoods in this city that is walkable and where you could get by without a car. It's also the only neighborhood in this city I'd describe as "cool." Over the years, El Cangrejo residents I've known have included a Chilean artist, a corporate transplant from Canada, many young Panamanians bucking the tradition of living with their parents through their 20s, retired hippies from the States, an entrepreneur from Serbia, and an Irish writer.

Panama City is the region's melting pot, and El Cangrejo is where the most interesting of the many transplants to this town choose to settle.

It's also Panama City's red-light district, the center of its prostitution (legal in this country) and casino trades. El Cangrejo's streets are lined with nightclubs and cafes, restaurants and pubs, plus low- and mid-rise apartment buildings. This isn't flashy Panama City (you find that in the high-rises along Avenida Balboa and in Punta Pacifico) and it isn't power Panama City (that's in Altos de Golf). El Cangrejo could be called the soul of this city, a good choice for the retiree with an open mind...

Who doesn't mind heat and humidity, congestion and traffic, noise and litter. These things, too, are all a part of the scene here.

Kathleen Peddicord

 

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Dear Live and Invest Overseas Reader, 

Where is the best place in the world to retire?

That's a tricky question to answer, so I suggest coming at this from a different angle. Rather than trying to identify the world's top retirement haven, consider instead who's best suited to retire where.

A short list of top retirement options in the Americas right now would include:
  • Cayo, Belize
  • Medellin, Colombia
  • Cuenca, Ecuador
  • Puerto Vallarta, Mexico
  • El Cangrejo, Panama

Which one of these places is the best choice? It depends on who you are.

Who Should Retire To Cayo, Belize?

Belize is a retirement, a tax, and an offshore haven. This is a sunny country where the folks speak English and value their freedom and privacy. Belize is easy to get to from the States, and the people living here are welcoming and hospitable once you've arrived.

On the other hand, this is a small country where the infrastructure is most kindly described as "developing."

The cost of living can be affordable, even low, but not if you want to live a more developed-world lifestyle that would mean buying lots of things not produced locally. Anything imported comes at an inflated price.

My favorite part of Belize is its Cayo District. No infrastructure, limited services and amenities, and little market demand could be interpreted as negatives, but, in Cayo, these things are a big part of the appeal. Once you get to Cayo, you don't mind that there's no infrastructure. You don't mind that the culture is more concerned with country living than consumerism.

You don't mind...or, if you do, you're not happy. If you're interested in a lifestyle supported by the diversions and distractions of a big city, Cayo is definitely not for you. If you're delighted by the thought of wide-open spaces where life revolves around the land and where independence and self-sufficiency are prized above all else, then Cayo could be the paradise you seek.

At home in Cayo, the view outside your bedroom window and from your front porch would be of fields and pastures, trees and jungle, rivers and livestock. You'd see Mennonites driving horse-drawn carts and children walking home from school. Everyone going about his or her business, not much bothered by market values, fiscal cliffs, or the mounting deficit. Here, in this land of escape, where life is simple, those things don't seem to matter or even to register.

Living in Cayo, you'd have Internet but maybe not reliable high-speed service. Don't move here if you plan to day trade.

Who Should Retire To Medellin, Colombia?

Medellin is a pretty, tidy city with a near-perfect climate. It's also culturally and recreationally rich and diverse in a sophisticated, developed-world kind of way. On any given day, you could visit a museum or see a tango show. There's opera in season, shopping year-round, and dance clubs, nightclubs, and white-glove restaurants...plus interactive outdoor museum-parks, an aquarium, an amusement park, botanical gardens, a planetarium, a "Barefoot Park" with a Zen garden, and dozens of small, neighborhood parks and treed plazas.

Medellin is an economic and financial center for Colombia, as well as a literary and an artistic one. It's the base for newspapers, radio networks, publishing houses, an annual poetry festival, an international jazz festival, an international tango festival, and an annual book fair. Back in 1971, Medellin was even the venue for Colombia's answer to Woodstock, the Festival de Ancon.

Medellin is a place where things work--the Internet, the metro, street-cleaning, garbage-collection...you can count on these services day-to-day. Taxis are metered, shop-keepers are well-mannered, and the people you pass on the street are well-dressed.

Making this a good choice for someone who wants city life but who also enjoys the out-of-doors (as this is a city best enjoyed al fresco). Medellin is suited to the retiree who isn't interested in hot, humid, or tropical and who appreciates Euro-chic but doesn't want to travel all the way to Europe.

The expat and retiree communities in Medellin are fledgling, meaning that you'd have to assimilate into the local one. This would mean speaking Spanish. If you don't already speak Spanish and don't want to learn, Medellin is probably not your ideal retirement haven.

Who Should Retire To Cuenca, Ecuador?

Cuenca is a colonial city where the cost of living is low and the cost of buying a home of your own is near rock-bottom. The health care is high quality, honest, and super-affordable. As in Medellin, the weather is "spring-like" year-round. Unlike Medellin (which is an emerging retirement haven rather than an established one like Cuenca), the city is home to one of the world's largest and fastest-growing communities of foreign retirees.

On the other hand, you have to remember that, charming as it can be, Cuenca is located in a poor, developing country. In this regard (and many others, too) Cuenca is the yang to Medellin's yin. In Cuenca, as throughout Ecuador, the standards of maintenance for roads, buildings, sidewalks, etc., won't be what you're probably used to and the hassle factor associated with any administrative task will be big.

Expats we know who are happy living in Cuenca are able to consider these annoyances fair exchange for the simple, 1950's lifestyle the city offers. Walking around town (Cuenca is a place where you could live comfortably without owning a car), you'll get to know the shop owners and your neighbors, who will all get to know you, too.

Cuenca will appeal to the expat who wants city life but who also has a sense of adventure and who is up for (rather than intimidated by) culture shock.

Who Should Retire To Puerto Vallarta, Mexico?

Romantic. That might be the best single word to describe Puerto Vallarta. The city also offers shopping and fine dining, boating and golfing, country clubs and community, gourmet shops and designer boutiques...all alongside a beautiful stretch of the Pacific Ocean.

Puerto Vallarta could be called glamorous, but the cost of living and of buying real estate here aren't jet-set. This is one of Mexico's most sophisticated resort spots, with more cachet than Mazatlán and more chic than Cancún. Walking around Vallarta, you get that happy, vacation-time feel that successful beach resorts exude.

And that's the would-be retiree overseas who should consider Puerto Vallarta--the beach-loving soul who likes the idea of retirement as a perpetual, fully appointed vacation.

Who Should Retire To El Cangrejo, Panama?

El Cangrejo is the expat hub of Panama City and a top choice for a comfortable, affordable, downtown-city-living experience. In El Cangrejo, you're smack-dab in the middle of everything Panama City has to offer.

This is one of the few neighborhoods in this city that is walkable and where you could get by without a car. It's also the only neighborhood in this city I'd describe as "cool." Over the years, El Cangrejo residents I've known have included a Chilean artist, a corporate transplant from Canada, many young Panamanians bucking the tradition of living with their parents through their 20s, retired hippies from the States, an entrepreneur from Serbia, and an Irish writer.

Panama City is the region's melting pot, and El Cangrejo is where the most interesting of the many transplants to this town choose to settle.

It's also Panama City's red-light district, the center of its prostitution (legal in this country) and casino trades. El Cangrejo's streets are lined with nightclubs and cafes, restaurants and pubs, plus low- and mid-rise apartment buildings. This isn't flashy Panama City (you find that in the high-rises along Avenida Balboa and in Punta Pacifico) and it isn't power Panama City (that's in Altos de Golf). El Cangrejo could be called the soul of this city, a good choice for the retiree with an open mind...

Who doesn't mind heat and humidity, congestion and traffic, noise and litter. These things, too, are all a part of the scene here.

Kathleen Peddicord
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Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

Read more here.

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