Yes, it is!
Within the options of different Mexico properties, Mexico land is definitely a viable choice, and continues to be so, even in markets where new condo sales and upscale homes tend to dominate the market.
Buyers can go about looking for good land purchases in a variety of ways. The following are a few options:
Growing Tourism Communities. This could be a community such as Tulum on the Yucatan Peninsula where tourism is on the rise, a new international airport is on the way, and the market appears to be just at the beginning of a boom. A number of investors have started noticing and buying land, as well as soon-to-be retirees, planning ahead to build their dream home for retirement. While some of the land is still quite affordable, and other lots are already a bit higher in price, they are expected to be worth considerably more when the growth from the airport takes off. For those planning to live in the home they build, there are expected to be a significant number of new services.
Established Tourism Communities. In most of these, far less attention is given to land. However, many of them are also growing healthily, and new development areas offer excellent opportunities to invest with good potential for return. In Playa del Carmen, for example, some areas on the other side of the highway (away from the beach) have seen appreciation of over 20% over the past year.
Gated Golf Communities. Within these tourism communities, many golf course communities offer lots for sale, in addition to condominiums. These lots are ideal for someone building a vacation home for their family or for retirement. The gated community offers security, reduced traffic and beautiful areas for walking or riding a bike. Some also include services such as shopping areas, and most are close to outside shopping areas and services such as hospitals or schools.
Up-and-Coming Beachfront Areas. These are one step before the "growing tourism communities" mentioned above. Certain areas have high potential for tourism development, and show clear signs of tapping into this potential, such as government investment or private development. Existing attractions, such as a well kept-up colonial city or ruins with easy access are also a good sign, as are existing services, such as shopping or hospitals. Campeche, on the Yucatan Peninsula, opposite Playa del Carmen and Tulum, is a good example of this. Beachfront land here is available for a fraction of what it would cost in established areas. Central areas near colonial cities, or picturesque, traditional towns could also show this kind of potential.
A buyer thinking of investing in Mexico land should contact an experienced agent very familiar with the market trends in a given area.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely