You may look at what has happened in places like Playa del Carmen or Puerto Vallarta over the past couple of decades and think, “Wow, the people who invested there 10 years ago have it made!” While both of these locations and others like them still have excellent investment options, the initial costs of these investments have gone up, especially on the beachfront where prices are usually beyond the reach of buyers on a smaller budget. But cheap Mexico beachfront lots area still available, in areas showing potential similar to these areas a decade or two ago.
One of these areas is Campeche real estate. The state of Campeche is located “across the peninsula” from Playa del Carmen and Tulum, on the Gulf coast of the Yucatan. In addition to the lush nature already hosting a growing eco-tourism economy – like that of the Playa del Carmen / Tulum area – it also offers many Mayan pyramid sites, less discovered and less uncovered, but perhaps for this reason also a little more magical, than those in the state of Yucatan.
The capital city, also called Campeche, is a beautiful colonial city, showing potential similar to that of Merida about 15 years ago. Campeche seems to combine the best points of the Yucatan Peninsula in terms of tourism – and this tourism potential is just beginning to be opened up.
The area already has 2 international airports, high-quality, modern healthcare clinics, a Walmart and 2 golf courses and a marina on the way.
Real estate is also on the rise. In addition to luxury condos being built on golf course and marina developments – selling for around $500,000 USD – there are excellent Mexico land options available. About 45 minutes south of the city of Campeche, a stretch of wide beaches includes developments where lots with 66 feet of beachfront are being sold for only $65,000; one development includes electricity, water, phone and internet connections. The beachfront is still virgin, and has very soft white sand – buyers will have to go to trouble of clearing the seaweed.
For about $100,000 USD, a custom home can be built. Homes in similar locations across the peninsula have values near $1 million and upwards; here it is only a matter of time until more tourists continue to discover this hidden gem, and property values rise here to. While in the immediate future, there may not demand for vacation rentals, this kind of return could also be available as the area becomes more popular.
In the mean time, you as the investor will have a beautiful beachfront property to enjoy – at a very low price.
Bob McCain (512) 879-6546
THE TOPMexicoRealEstate.com NETWORK
“Mexico’s leading network of specialists for Finding and Purchasing Mexican properties Safely !”
