When considering Mexico real estate, you may have thought to yourself, “I know Mexico’s cheap, but beachfront is beachfront, it’s expensive everywhere.†We all know how it works; that $500,000 USD beachfront property would probably worth $5 million USD in the US, but we still can’t afford it.
Fortunately, this is not the whole picture. Cheap beachfront properties are available in good locations in Mexico.
Quite often they are places where tourism still hasn’t taken off as much as in the more famous locations, but if you can find a property in a place where tourism is just beginning to take off, you can still enjoy good services nearby and save a fortune on your property. Let’s consider two such locations.
One example is the cheap Mexico beachfront lots in the state of Campeche. Campeche is on the Yucatan Peninsula, and shows a good deal of promise to follow the success of the more famous locations on the Caribbean coast (Cancun, Playa del Carmen, etc.) and on the north coast (Merida/Progreso.) A marina, a couple of golf course and the accompanying real estate development is already along the way. The state’s colonial capital (called “Campeche†as well) has been beautifully restored and offers a handful of modern services. Beachfront lots are still available for less than $50,000 USD.
Another example is Costa Maya real estate, which is located a few hours south of the Cancun – Playa del Carmen – Tulum stretch. The area is already famous for cruises and diving, and promises to draw much more tourist attention and services when Tulum receives the area’s second major international tourist airport. Again, lots, condos and homes are available for surprisingly low prices.
These are only two examples. The point is, don’t think that buying on a low budget means that quality properties directly on the beachfront are beyond reach. They’re out there, and they’re in good locations. You just have to know where to look.
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
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