Mexico: Country Overview

Discover Mexico: A comprehensive guide to its charms and opportunities

Mexico, a country rich in culture, history, and natural beauty, offers many experiences for travellers and opportunities for investors. From the sunny beaches of Cabo San Lucas to the busy streets of Mexico City, here you can find always find a spot fitting your personal lifestyle whilst having a lower cost of living. That’s why many Americans and Canadians have chosen to live in Mexico or are considering their move right now.

Mexico’s economic landscape: Many opportunities await

With a GDP of $1,811 billion, comparable to nations like Russia and Australia, Mexico’s economy is solid and grows. Its GDP per capita of $13,804 aligns with the world average, reflecting a steady growth rate of 3.2% in 2023. Forecasters predict a consistent growth rate of 2% from 2024 to 2028, indicating a stable economic environment attractive for investors. Especially the real estate market is exciting. Cities like Puerto Vallarta are witnessing a surge in demand, with an average price per square meter in Mexico of $3,321 and gross rental yields up to 7.9% in the city center. Such figures show how attractive Mexico is as a destination for real estate investors, drawn by its proximity to the USA.

Exploring Mexico’s rich culture

Beyond economic figures, Mexico’s soul lies in its culture. The most famous cultural holiday in Mexico is “el Día de los Muertos”, the Day of the Dead, celebrated widely on the streets on November first and second every year. Mexico has a population of 127.5 million people. The population is young and dynamic with a median age of 30 years. Spanish is the primary language, but the country’s indigenous heritage is reflected in the widespread use of languages like Mayan and Nahuatl. Religion also plays a central role, with 78% of the population identifying as Roman Catholic.

Mexico’s premier travel destinations

Mexico offers places to live and stay for every lifestyle. From the crystal-clear waters of Cozumel and Isla Mujeres to the archaeological sites of Tulum and the cosmopolitan energy of Mexico City, there’s something for everyone. Cabo San Lucas and Playa del Carmen offer luxurious resort experiences, while Puerto Vallarta is renowned for attractions like the “Rhythm of the Night.” For those seeking tranquility and natural beauty, Baja California and Oaxaca are unmatched. These destinations are not only breathtaking but also rank among the safest places in Mexico, inviting travellers to explore with more confidence.

Sun, sea, and safety: Enjoying Mexico responsibly

While Mexico’s beauty and warmth are undeniable, travellers and residents prioritize safety. Initiatives to enhance security in resorts and tourist hotspots have proven effective, allowing visitors to enjoy Mexico’s offerings, from its beaches to its nightlife, with more peace of mind. However, it’s still advisable for travellers to stay informed about their destinations and follow local guidance to ensure a safe and enjoyable visit. At Pallas we will personally guide you on the ground in Mexico not only through the immigration and real estate investment processes but also providing guidance how to enjoy the country safely like a local.

A health and education hub

Mexico prides itself on its universal healthcare system, with a well-developed private sector. The country’s healthcare facilities are renowned, staffed by well-trained professionals often fluent in English, ensuring quality care for residents and expatriates alike. In fact, a lot of foreign people travel to Mexico for health tourism: Benefitting from the lower treatment costs in excellent private hospitals there. Education is another pillar of Mexican society, with free public schooling up to high school and a literacy rate of 95.25%. The country’s commitment to education is also evident in its well-developed private school sector and a tertiary education attainment rate that places it 57th globally.

Living in Mexico: Comfortable climate at lower living costs

Living in Mexico offers a unique mixture of traditional culture and modern conveniences. The cost of living is one of the main factors attracting pensioners, with rent being up to 70% cheaper than in the United States. The country’s climate is as diverse as its landscape, offering everything from warm, sunny beaches to cooler, temperate regions in the mountains and highlands. This variety, combined with the welcoming nature of its people, makes Mexico a compelling choice for those looking to relocate or invest.

Conclusion: Mexico’s endless opportunities

Mexico is a country of incredible opportunity. Whether you’re drawn by its tourist destinations like Cancun, Tulum, or Puerto Vallarta, or tempted by the investment opportunities in its growing industry and real estate market, Mexico has something to offer. Its rich culture, commitment to health and education, and the friendliness of its people make it not just a place to visit, but a place to call home. As Mexico continues to grow and evolve, it remains a land of potential, promising a future as bright as its sunniest beaches. Contact us today and we can help you with investing and migrating to Mexico.