For Americans and Canadians who want to invest in Mexico real estate or buy a second home in Mexico, the most favorable option is a Mexico condo. In fact, recent trends have pointed at increasing popularity of condos among new investors who are coming back to Mexico. There are varied reasons behind this phenomenon, which we explore here.
Among the areas in Mexico which are witnessing surge in popularity of condos is Playa del Carmen. Playa Del Carmen is one of the premier beach lifestyle destinations in Mexico and has many high luxury condo developments perfect for such lifestyle. Many developers from all around the world have luxury projects in Playa.
After recession in USA, there have been many changes in Mexico real estate industry which has sort of reinvented itself to demands of people.
Condos are available with preconstruction discounts which makes them very affordable.
The condos offered now are larger ready to move units which are more spacious, fully furnished with stylishly decorated in many instances. These condos are ultimate in convenience and luxury because of which they are been snapped up by investors.
The most popular homes have been beachfront condos because of their obvious better location and views. With a beachfront condo, you can enjoy the sights of the beach and the sea 24x7. Such apartments are slightly expensive but quite justified because of the demand and location.
Mexico condos also provide great convenience when you consider that all important facilities like restaurants, bars, clubs, spa, tennis and shops are located within the compound. You do not have to venture out for your daily basic needs. Such condo developments are also great for kids as they have play areas for kids where they can have a blast. Since, it is all within a development, the safety and security of the kids is assured. Meanwhile, parents can relax at spa or have an invigorating game of tennis.
Another benefit of condos is that you do not have to worry about parking because they provide ample and secure parking facilities.
There are other options in Mexico such as villas but they are not within everyone’s budget and cannot compete with condos in terms of facilities and security.
If you want to buy some real estate in Mexico for investment or as a vacation home, you cannot go wrong with Mexico condos because of their affordability, luxury, facilities and amenities.