Oaxaca: Mexico’s Hidden Gem Waiting to Be Discovered

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Mexico, with its vibrant culture and diverse landscapes, is an excellent option whether you're considering obtaining residency, acquiring a second citizenship, working remotely, or finding a retirement destination. However, in recent years, there have been complaints about Mexico's rising cost of living, particularly concerning rent and property purchases.

This trend is driven by several factors, including an influx of remote workers during and after the pandemic, as well as the appreciation of the Mexican peso. As a result, rental and property prices in popular tourist destinations like Playa del Carmen, Cancún, and Puerto Vallarta have soared.

However, not all areas in Mexico have been affected equally. Mexico is a vast country, and many regions remain relatively undiscovered by foreigners, keeping the cost of living low while offering the same beauty, excitement, and warm hospitality as the more well-known areas.

The state of Oaxaca is one such region. It is ideal for those seeking affordability without sacrificing quality of life. The state capital, Oaxaca City, is a charming, artsy, safe, and affordable place to consider, perfect for nature and food lovers alike.

If you prefer to be near the beach, consider Puerto Escondido and Huatulco on the Oaxacan coast. Puerto Escondido is an emerging destination for surfers, while Huatulco offers serene surroundings with a strong focus on sustainable development. 

The cost of real estate anywhere in Oaxaca is often a fraction of what you would spend in places like Playa del Carmen.

Additionally, in recent months, the value of the Mexican peso has declined, making local real estate about 20% cheaper for those spending in US dollars. We suspect this trend may continue and view any further weakening of the peso as a buying opportunity.

Check out today's report for more details on what the state of Oaxaca offers to expats, along with the real estate deals we've found there.

Mexico frequents the pages of Schiff Sovereign, and for good reason — it’s one of our favorite countries for a “Plan B.”  Whether obtaining residency, applying for citizenship, or even welcoming a new addition to the family, we see Mexico as a land of opportunity.  Beyond these practical reasons, we simply love Mexico as a…

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