Mexico City is the number one destination for expats seeking temporary residence in our country

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The main destination for temporary American residents in Mexico is not a resort town, but the country’s capital, Mexico City. They have secured 1,619 permits in the nation’s capital through September. This is already more than the 1,417 for the whole of 2019.

The rise in Americans staying longer has some locals worried about the cost of living, especially in some of the historic neighborhoods that are their main destinations in Mexico City. Social media is full of complaints about so-called digital nomads and their supposed impact on rising rents.

In the leafy, walkable neighborhood of Condesa, a favorite of well-heeled foreigners, apartment rents rose 32% between January and June, according to a report from property market Propiedades.com. National annual inflation remained at 8.7% in September.

Last week, the government of Mexico City announced an alliance with Airbnb Inc. and the country’s UNESCO office to promote the capital as a destination for remote workers. Mayor Claudia Sheinbaum said the economic benefits of the influx would reach communities beyond traditional tourist hubs.

“Now we want to promote it even more,” Sheinbaum said at a press conference.

Tenants’ rights groups called the alliance with Airbnb part of Mexico City’s “aggressive tourism” and demanded regulation of the home rental company, according to a statement.

The city government is investigating whether the home-sharing company is contributing to rising rents, although so far it sees no connection, Sheinbaum said.

Attract Americans

More and more Canadians are staying in Mexico. Through September, 2,042 Canadians have obtained temporary resident permits across the country, a 137% increase from the same period in 2019.

The US State Department said this year that 1.6 million US citizens live in Mexico and the country is the top destination for US travellers. The 2020 Mexican census counted 797,266 U.S. citizens, including 471,998 U.S.-born children between the ages of 5 and 19.

The preference of many Americans owes, in part, to decades of aggressive patronage from Mexico, Ruiz Soto said.

“Mexico’s immigration system is supposed to attract American citizens as easily and as quickly as possible,” he said. In contrast to this, Ruiz Soto added, “the US immigration system is supposed to deter Mexicans who would enter the country illegally from doing so.”

Source: El Financiero

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