Can and should Mazatlan compete for Baby Boomers retirees

With a potential of nearly 100 million baby boomers in North America, Quintana Roo has the potential to become the “Mexican Florida” and, in fact, has already started receiving some retired Canadians in Bacalar, said Javier Govi, president of the Mexican Association for Retirement Assistance (AMAR).

According to him, there are other areas of Mexico where retirees have already begun to settle, such as Mazatlan, Mérida, Ixtapa-Zihuatanejo and Puerto Escondido, in Oaxaca.

Interviewed in this city, where he came to witness the signing of the collaboration agreement between the Mexican Association of Real Estate Professionals (AMPI), Cancun chapter, and the Institute for Development and Financing of the State (Idefin), which allows making this region the “Mexican Florida.”

“As a state, Florida, is the place that has the most retirees. We want to continue promoting the interest of making this destination one of the most important in Mexico in terms of retirement, ”he added.

According to him, the agreement establishes that one of the fundamental issues is the use of land, since there is no specific land use for communities in retirement and, on the other hand, that there are tax benefits for different investment funds to be Interested in the area.

“It is important to understand that, from the outset, you have to define an area because another of our proposals is that a good part of Cancun is characterized as a friendly city with the elderly. It is necessary that, from the outset, an area be classified as such, ”he stressed.

“The agreement will allow us to move with greater freedom. At the national level, we may not see the impact that international investors and developers have that there is political will. In many states, if they don’t see the political will, they fall back and the investment doesn’t flow, he added.

Consider that in the United States alone there are 78 million baby boomers. We estimate that in Canada there are 12 million, plus Mexicans, about 3 or 4 million with possibilities to invest, make a potential of 100 million in North America.

He also said that a good platform is needed from a geriatric and gerontological point of view, since there are not many specialists, even less bilingual and bicultural, because not only do they need to speak English, but also to understand how the American and the American are managed. Canadian, that they know their culture. Similarly, specialized nurses are needed to take care of the treatments and the recovery period.

One of the questions that are being requested is to detect possible failures of the Development Plan, which are not adequately visualizing the growth of that industry.

“It is clear that, if there is no adequate legal framework to allow the investment to flow, the agreement will allow us to advise the projects,” he concluded.

Baby Boomers head west to Mazatlan

Mazatlan, Sinaloa.-   “Snowbirds” leave a permanent economic spill that can double to the entity.

Sinaloa receives part of the 60 percent of the million foreign residents that Mexico receives, and in Mazatlan, the segment has grown by 20 percent in recent years.

Therefore, Alfredo Gómez Rubio, director of the Historic Center, called for a competitive strategy to be generated that doubles a greater number of the 20,000 people who arrive today, who leave more than $ 100 million in the season they are staying.

Brenster’s Beach Bash at Diegos Beach House

The Mexican Association of Real Estate Professionals (AMPI) decreed 2008 as the year of the real estate boom, where the retired expat’s segment acquired 1,135 units, from houses or condominiums, that is, 94 units purchased per month in the entity.

According to a study carried out, the foreigner spent an average of 200 thousand dollars on the purchase of a unit, economic spill valued at 227 million dollars per month directly to the real estate sector, plus purchases for 49 thousand pesos per month in appliances such as washing machines, stoves and dryers, and 150 thousand pesos in furniture.

Another 410 thousand pesos entered as a result of recreational expenses, services, daily consumption, and domestic helpers.

Potential sector. The National Migration Institute registered 1,100 foreigners who lived in the state of Sinaloa in 2005.

Of this figure, 42.35 percents were Americans and the rest of Canada.

The following year this population grew by 35 percent, exceeding 5,000 in December 2006 and in 2007 there were already 6,100 Americans registered in the entity.

It was even the retirees and residents who formed a network that defended us when the rest left us, said Rafael Lizárraga Favela, secretary of investment of the State Sectur.

The US community represents 1.51 percent of the total population because monthly they reach the entity above 20 thousand foreigners, but in the winter season, from December to May, the volume grows to 35 thousand.

Source: Amar, INFOQROO , palcoquintanarroense, el debate

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