Destinations like San Miguel de Allende, Morelia, Pátzcuaro, Hidalgo, Tequila, Ajijic, Chapala Lakeshore and Valle de Guadalupe in Baja, have become “Retirees Cities”.

The Spanish real estate company Fadesa is promoting amongst USA retirees a huge San Miguel de Allende project. With 72.5 Acres, the “Santa Margarita Hacienda Residencial” will have 198 homes, a 100 rooms hotel-boutique, spa, clubhouse and a number of ammenities for a 70 million US Dls. investment.

Land price in San Miguel de Allende has risen from 1,800 to 4,000 US Dls. per square meter, a level comparable to Cancún, experts say. 

US Active Living International (ALI), building a retirees community in Puerto Vallarta, in association with Spain’s Sensara Partners, are now probing into inner Mexico cities.

“Not every baby boomer wants sun and sea. Some are looking for cities with quality services, particularly regarding medical care. That is why we are buying for land in those towns, to create communities”, said David Collins, ALI’s president and founder.

In Morelia, 550 houses are being built for Houston and Los Angeles ‘baby boomers’. The ”Montaña Monarca” project, a city with hospital, malls and a theater.

Patzcuaro Property Management sells homes from 100 thousand dollars. 

Mexico was chosen number one destination for retirement among the american ‘baby boomers’, price and accesibility being the prominent factors, according to the ‘World Retirement Index’ made by International Living.

“Being close to the US and Canada, good low price services, good telecommunications and prices overall, are factors for a second property purchase where Mexico has lead” commented Laura Sheridan, the poll author.(Source: Reforma)