While housing prices continue to drop in the U.S., buyers looking for more promising possibilities should consider investing in Mexico land in up-and-coming real estate market, such as Campeche Real Estate.
The most recent official statistics from the U.S show that from in March prices had fallen 0.5% from February; while the number is small, the ongoing drop suggests that the market is not yet stable, an opinion supporte by Dean Baker, a housing market expert who predicted the 2006 bubble.
On one hand, homeowners with no pressure to sell can be fairly sure that at some point the market will stabilize; on the other hand, those looking for an opportunity to invest in real estate may want to look elsewhere for the moment, avoiding the current instability of the market.
One excellent example is in the Mexican state of Campeche, on the Yucatan Peninsula. This state shows clear signs of being Mexico's next big tourist center, with two new residential-golf resort developments. One of them a marina as well, which has just recently started delivering condo units with a starting price around $500,000 U.S. The colonial city of Campeche (capital of the state) has just invested into completely restoring it's colonial city center. Several of the beachfront towns have been improving their boardwalk areas, developing tourism potential.
This is good news for Americans looking to invest in real estate, especially if you DON'T have $500,000 to invest in a condo; just down the road from the city of Campeche and the new marina development, a miles-long stretch of wide beachfront with soft, white sand begins. Lots with 33 ft of virgin beachfront can be found for as low as $65,000.
On this Cheap Mexico Beachfront Real Estate, for about $100,000 more, you can have a personally designed house built. Some developments already have water, electricity, phone and internet hook ups. While the total cost for you will be about $165,000, this beachfront home will be worth considerably more as tourism keeps growing in Campeche. A large number of American and Canadian buyers have already been buying in this area, and are making plans to build their future beachfront home. For those who choose to live in this home, many more services will come available, in addition to the modern hospitals, new shopping centers and many restaurants, cafes and activities in the area which already exist.
For this same price you could also by another house in Grand Rapids, Michigan, for example. While there is probably a fine community in that city, like many others in the U.S., it's been having it's troubles, and there's no certainty that the price will go up any time soon; it might even continue to drop. Besides that, the closest beach is only warm enough to use for 3 months a year!
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Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Playa del Carmen real estate.
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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