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Looking for the best place in the world to retire?

Over the past 15 years, International Living magazine has calculated its Annual Global Retirement Index, a resource designed to assist retirees and future retirees in evaluating and comparing the world of retirement destinations most popular. It is based on a number of criteria, giving various weights to each, depending on its importance to retirees. Here is the list of criteria considered with their individual weighting:

• Cost of living-20%
• Health Care-20%
• Special Benefits-20%
• Real Estate-15%
• Entertainment, Recreation and Culture-10%
• Climate-5%
• Security and stability-5%
• Infrastructure-5%

Believe it or not, until this year, Panama had topped the list for the past six years. He still has much to provide for retirees, but this year, with 30 countries being analyzed and ranked, it fell to fourth position. Before the Panama in third position, was Italy with its beautiful cities, its fine weather, and of course, its historic sites. In second position was of all countries, Ecuador, which moved all the way up from tenth position last year. Ecuador offers an extremely cost low standard of living, Great weather, beautiful country, a growing economy tied to the U.S. dollar and a stable political environment. It might be a closely guarded secret, but Ecuador is becoming a land of opportunity and retirees benefit.

Now, for the number one ranking country in the world for retirement; MEXICO! Besides the fact that Mexico is very convenient for the United States and Canada, that Mexico Benefits Program Senior Citizens' offers up to 50% discount on many services to retirees over the age of 60, the Mexican government has enacted many new laws encouraging foreign investment, Mexico has become an incredible place to enjoy retirement, offering quality of life that North Americans are familiar with many additional benefits.

(As a side note, some years ago, when the Canadian dollar was weaker, Canada ranked in the top ten. However, as the dollar strengthened, Canada has slipped out of the Top Ten this year. For reasons of clarity only, the U.S. ranked 19th this year!)

The Mexican interior principal retirement communities located in San Miguel de Allende, Guanajuato, and Lake Chapala / Ajijic area. Most of these routes are retirement communities located in beautiful colonial cities with moderate temperatures round year. The most modern equipment and activities are available for retirees in these retirement cities with a very attractive price of life. Being located inland, these retirees can purchase and own real estate with a title as they would in the United States or Canada.

For those desiring magnificent ocean views, the Pacific coastline offers many benefits on the coast of the Gulf of Mexico, the largest being a protection against storms. The entire area of the Yucatan Peninsula, including Cancun and Cozumel areas are ideal for holidays, but because of its exposure to hurricanes, it is not considered by many as the ideal retirement. On the other hand, the coast of Pacific Ocean storms rarely boring and offers more than a thousand miles of incredible Pebble Beach like the points views with a climate similar to Hawaii.

Pacific Ocean coastal cities such as Mazatlan, Manzanillo, and Acapulco are somewhat popular tourists, but have become quite industrialized and commercialized and therefore not really considered towns retirement ideal. The retreats most desirable from north to south along the Pacific Ocean are La Paz and Todos Santos in Baja, Puerto Vallarta, Ixtapa / Zihuatanejo and Puerto Escondido.

La Paz and Todos Santos in Baja, Ixtapa / Zihuatanejo, and Puerto Escondido are more exposed to the elements of Puerto Vallarta, which is hidden by the mountains of Sierra Madre, near the Bay of Banderas, safely protected from Pacific storms coming out of the south. Also, because Ixtapa / Zihuatanejo is approximately 500 miles south of Vallarta and Puerto Escondido is 300 miles further south still, the "high season" or time during the year with weather perfect, is reduced from 7-8 months to perhaps 6-7 months. An additional month per year in Paradise is often considered to be substantial to retirees!

Using the logic above, it is not surprising that so many retirees have migrated to Puerto Vallarta. This beautiful tourist resort has welcomed thousands of Americans who have traveled the world, could afford to live anywhere on the planet, and have chosen Vallarta winter, if it is not full time, retirement destination.

Located at the same latitude as Hawaii, Puerto Vallarta has a perfect climate with an average daily temperature of 73 ° F from November to May with virtually no chance of rain. With a population of about 350,000 inhabitants, Vallarta is now a new and growing infrastructure including roads, sewage treatment and distribution, power generation and distribution the airport, marine terminal, hospitals, universities, etc.

Broadband Internet, satellite TV, VOIP telecommunications, and American newspapers and magazines are all available in Vallarta. Most mega-stores found in the United States and Canada have come to Vallarta including Sam's Club, Wal-Mart, Costco, Home Depot, Office Depot, Staples, and of course all restaurants fast food chain imaginable! Vallarta has now seven golf courses, world class with three others, either in the planning stage or under construction. There are hundreds of tennis courts, world class fishing high seas, and all other available you would expect in a city this size business. There are numerous new cinemas, theaters, and hundreds fine dining.

Due to the explosive growth of Vallarta and the influx of North Americans, it is safe to say that its economy is entirely based on tourism and the retirement of North Americans, thus creating thousands of new construction and related jobs for the local population. She also created an atmosphere where speaking English has become a prerequisite for a decent paying job. Therefore, most Vallartenses younger are becoming quite fluent in English. The inability to speak Spanish is certainly not an obstacle to retirement in Vallarta! Also, because the economy is based on the dollar North American security is a key concern for the premises. You will not find not safer, more hospitable city of this size anywhere. In fact, it was clearly revealed in a survey conducted by the magazine Conde Nast, Puerto Vallarta, which was ranked the friendliest destination resorts in the world.

Now back to our quest for a haven Pension top in the world. If we can not accept what the latest surveys, polls, and indices suggest, Mexico is the country and Puerto Vallarta is the city.

We have owned property in Vallarta for almost 25 years and living here as permanent residents for over ten years and can attest to its magical characteristics resulting in a quality of life that can not be surpassed anywhere in the world. The growth we have seen since 2000, when the PAN administration took power, was really incredible, so that the head of the local Chamber of Commerce has projected the population of Vallarta will reach 600,000 by the year 2015. There are currently more than 7,000 new condos currently under construction with well over 20,000 more planned in the future by Fonatur, Mexican Tourism Board. Because real estate sales in Mexico are generally done on a cash basis, this economy has not been affected by problems with mortgages saw the United States. Property values have tripled since 2000 and continue to enjoy every day. Owning property here has surely been an investment of a lifetime for us.

If you are a baby boomer, either recently retired or about to retire, you owe it to yourself, make PV your next vacation destination and consider all the qualities it has to offer. You'll certainly impressed by this glorious Paradise along the Mexican Riviera and will probably agree, Puerto Vallarta is the best place in the world to retire.

About the Author

Jim Scherrer has owned property in Puerto Vallarta, Mexico for 24 years and resided there for the past ten years. The mission of his series of 24 articles pertaining to retirement in Puerto Vallarta is to reveal the recent changes that have occurred in Vallarta while dispelling the misconceptions about living conditions in Mexico. For the full series of articles regarding travel to and retirement in Vallarta as well as pertinent Puerto Vallarta links, please visit us at Puerto Vallarta Real Estate Buyers‘ Agents and click on ARTICLES.

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