The first morning that we spent in Campeche I was off and running early in the morning to see the city first hand. I have been whispered that the Campeche Real Estate market was getting ready to take off. There have been some significant investments by a European developer in the zone and several local, state and federal offices as well have been injecting money into the region.
The Campeche real estate industry has been receiving studies from major hospital groups and retailers over the past 5 years and this was evidenced during our visit. It is a smaller state and capital when compared to other Mexico real estate options in general, and although we did see various European tourists, it still was a small percentage to the tourist flow of Cancun and Riviera Maya. But…. this might be a good thing for real estate investors. Cheap Mexico beachfront real estate is still available, while this region is still not well known nor visited.
The Campeche city officials and state realized several years ago that Mexico has some absolutely beautiful land, beaches, countrysides, and picturesque villages and colonial cities. These resources though, if not properly maintained and preserved, would be eye sores and with the predicted decreases in oil exports that will be affecting this country and the Campeche real estate region…. a plan was urgently required.
Campeche has a very rich and interesting history. A past full of pirates who ravaged their capital and countryside leading the Spanish leaders to begin construction of walls and forts in order to protect their city and people. A fort exists on the southern and northern parts of the city on overlooking hills and a large stone wall ran from the coastline and protected nearly 50 city blocks of the downtown city region from attacks of Pirates and Buccaneers.
Today, over 10 museums dot the downtown colonial city, a pirate museum exists in one of the forts and light shows with actors re-enact battles between raiders and the defending soldiers are very popular shows and attractions. With an infrastructure project co-sponsored by the Federal Electric company, all cables of electricity and poles have been removed from the Campeche real estate downtown zones and placed underground. The city also enacted a program with the goal to become Mexico’s cleanest city! Schools of all ages participated which a) helped clean the city physically and also b) helped educate the young children of the importance of placing trash in the correct and indicated places. These programs and the early detection by the city and state over five years ago is starting to pay off as Campeche, this hidden jewel, is slowly becoming discovered as a tourist destination and interesting second/retirement home market.
Along with the public money support and investments the private sector has also been placing close attention to this small capital and state. As we drove around the Campeche real estate areas, we found retail stores such as Office Max, Commercial Mexicana ( A large Mexican grocery retailer), Kentucky Fried Chicken.
The Mega Commercial store was one of the largest stores of this chain that I have seen constructed with a beautiful facade investment respecting the building guidelines of the city. ( I was unable to take a photo but will on my next trip to Campeche). I also found it very interesting to see Walmart store and a Sam’s Club in the city. These stores have a very extensive analysis of urban trends and when this corporation chooses to invest within a community, there are strong probabilities that growth is projected.  Private hospitals also are available but due to time restraints, I was unable to study closely the status. What we do know is that a very healthy upper and middle class community exists in Campeche and their health requirements are met with the local health care suppliers.
The Campeche real estate market is a treasure chest of fixer upper opportunities. If you real estate investment portfolio includes old colonial homes, please contact us. As stated above, the city, state and federal offices have initiated a fantastic program to restore the city and their guidelines have created downtown blocks that are stunning attractions for tourists and visitors.
With the “Malecon” boardwalk only recently face lifted, the visitors coming to the city have been increasing exponentially and several, such as myself with the idea that Campeche would be the ideal Mexico retirement community.
Campeche over the past several years has been investing into their local real estate market. They have been working on their city’s curb side appeal to begin attracting more tourists, more visitors, and more second home snow birds.
Programs such as restoring the old colonial facades, running underground services, and restoring of the boardwalk have been important investments that will be paying off over the next ten years. Private investments have been following suit with large multi-national companies introducing their presence in the past three years and so. If you combine all of these factors, including the waterfront location of this community, it has my full attention and a follow up trip has already been scheduled.
If you wish to see a post about the Campeche Beachfront properties click here.
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. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company’s web site www.TOPmexicorealestate.com NETWORK
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