Retirement village may be developed in San Miguel

By Antonio De Jesús Aguado

San Miguel de Allende has the second largest community of expats in Mexico. For that reason, the AMARS (Mexican Association for Assistance in Retirement) has chosen San Miguel as a place to develop residential housing with integrated health services for adults 50 years old or older.

The president and founder of the AMARS, Javier Govi, recently visited San Miguel de Allende, and he commented that the Association has the aim of promoting the industry of assistance for retirement, supporting its members within mini-cities with integrated health services. These services will allow inhabitants to develop a better quality of life. Govi said that “currently in Mexico, due to the increasing number of expats, the country needs at least 150 retirement communities with 100 units each.” Govi also commented that according to his information San Miguel has only one community with integrated services, and the other developments are “second homes.”

The AMARS just opened an office in the city. They chose San Miguel because “it has the second largest and most important community of expats in Mexico and Latin America, and the expats go to the cities where they have friends, not to those places where there are no retirees,” commented Javier. The president of the Association commented that the first community of this kind could be completed in three years in the city. According to his information, the expat community could increase to 20,000, which will cause a higher demand for services. Govi also said that “it has been estimated that each expat has expenses of around 1,500 dollars a month in the city, which would generate a large amount of revenue.” Housing in the development will be sold through the AMPI, the Asociación Mexicana de Profesionales Inmobiliarios (Mexican Association of Real Estate Professionals).



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