Housing and Real Estate Trends among Americans Retiring in Mexico's Coastal Communities

For years, U.S. and Canadian retirees have flocked to Mexico as an alternative overseas retirement destination that was affordable, offered desirable weather and was close to their communities of origin in North America. These attributes have made Mexico the top overseas retirement destination for older Americans, resulting in a building boom that reached its peak in 2005/06 and stretched from Playas de Tijuana-Rosarito and Los Cabos along the Baja California peninsula, and from Puerto Penasco, Sonora to Mazatlan, Sinaloa. In southern Mexico, the real estate focus has been on expanding the Cancun corridor to the Riviera Maya