Retiring in Mexico - The Coastal Towns of Riviera Nayarit Benefit Mexi-Go
go to original May 4, 2014

According to Rodrigo Pérez Hernández, Secretary of Tourism of Nayarit, with the establishment of the Riviera Nayarit as a destination of sun and beaches, Canadian and American visitors have flocked to the shores not only for vacation but, to establish retirement and vacation properties and to invest in businesses.
 
It is estimated that to date, the economic benefit is 450 million pesos. However, it is recognized that by 2017, the state government believes that with international campaigns undertaken by Riviera Nayarit, aimed at luxury tourism and "baby boomers", the economic impact will reach 900 million pesos. ($76 million cad)
 
Hernández notes that the "baby boomers" find retiring in Mexico and Nayarit in particular an ideal place to spend their winters. According to government records, between November and March, more than 30 thousand "baby boomers" visit Nayarit for vacation with most visiting Sayulita, San Pancho, Guayabitos, Punta Mita, Bucerias, San Blas, and Nuevo Vallarta.
 
Real estate in Mexico
 
This influx can be seen in real estate sales and development, Rodrigo Pérez highlighted that demand in the purchase of land is presented in Bucerias, San Pancho, Sayulita, Lo de Marcos, Guayabitos and Punta Mita. Single family homes and townhomes continue to be popular, though condo buildings are gaining popularity for those considering retiring in Mexico.
 
The cost of land varies, depending on the site. Undeveloped pristine beaches can be as low as 200 pesos a square meter; while in places like Punta Mita, one of the world's most exclusive areas, the square meter could have a cost exceeding eight thousand dollars. (Just ask new home owner Bill Gates.)
 
The long term vacationers to Nayarit have brought not only money, "they are very open people and relate easily to the community. They have supported schools, art galleries, training, cultural development, and are involved in environmental issues."

Read the entire story at MexiGo.com including Medical Tourism and Baby Boomers.