Many people dream of living on the beautiful beachfront areas of the Yucatan Peninsula, or in the charming colonial city of Merida; something that many buyers are not aware of is that quality cheap Mexico real estate is available in the Yucatan area!
One of the most attractive affordable Yucatan real estate options is the city of Merida. Several old neighborhoods near the colonial downtown of Merida have become favorites for expats to buy colonial renovation projects, and convert them into their dream home in the heart one of the most historic and cultural cities in this part of the world. Colonial fixer-upper projects can be found for incredibly low prices, sometimes as low as $50,000 USD, depending on the amount of work needed.
Near Merida is also the beachfront town of Progreso, which is also a historic community. In this town, many expats, the majority Canadian, have been buying homes directly on the beach, or just a couple of blocks back for incredible prices. In addition to fixer-uppers, Progreso also offers luxury beachfront condos and upscale homes.
Even in the more established beachfront resort towns in the Cancun-Playa del Carmen-Tulum stretch, known as the Riviera Maya, there are some good options in cheap Mexico real estate. For example, just north of Tulum, a small community of homes that were originally built for the local working class were bought up by a large community of expats. The homes are about 10 minute drive from the beach – many residents zip down on their four-wheelers – and offer a picturesque, tidy community. The homes are currently selling for around $60,000 USD.
A similar development right between Playa del Carmen and Cancun, in a village known as Puerto Morelos, has a similar subdivision of homes, about the same distance from the beach, still being built, and for sale starting at $45,000 USD.
These are just a handful of options. Each of these options offers buyers not only a very affordable price, but also a quality lifestyle, and the relaxation that many Americans and Canadians are looking for on the Yucatan Peninsula.
Buyers searching for affordable options in an area such as this one should begin by contacting a reliable and qualified agent to direct them to property options which are both affordable, but also have all documents in place, as well as providing good potential for a quality lifestyle, such as the examples given here.
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