Real Estate in Campeche

There are many opportunities in real estate investment in Campeche state. In Campeche City there are many affordable properties for sale, although by enlarge these are bought and sold to local residents and other Mexican nationals. Even though Campeche City dates back to the 16th Century, it is only recently, in the past five years or so, that the city and the state started to attract international tourists, mostly from Europe. Consequently, there are very few properties owned by foreigners and there is no ex-pat or retiree community there yet. This will change in the coming years as investments in new developments begin to grow.

South of Campeche City, all the way to Ciudad del Carmen City, there are many potential spots for development, some with beach fronts, some without. Beachfront property is in high demand with few large plots available at any time. The areas around the towns of Champoton and Sabancuy look very promising for developers with vision, talent and experience.

For the individual buyer there may be many opportunities to buy land or fixer-upper properties in Campeche. Prices in 2007 and 2008 may still be a bargain for North Americans and Europeans. However, in a few years time, prices will be more comparable to other areas of Mexico. All you have to do is look at the 90 million baby boomers in the US and Canada retiring within the next 5 to 20 years to realize the kind of demand there will be for winter and retirement homes as well as leisure services. Add European baby boomers to the mix and the numbers are staggering (Compared to the South of Spain, this part of Mexico is extremely inexpensive at the moment)

The Campeche Playa Golf Marina & Spa Resort is the largest development to date in Campeche. It's being built by Grupo Mall, one of the largest developers from Spain. Phase I is under construction. Clic here. Campeche Playa

NOTE: whatever the opportunity, it is very important to remember that there are specific Mexican laws and procedures that apply to purchases and sales of real property in Mexico - especially when foreigners buy property within what is known as the "zona restringida" ("restricted zone," an area near the coasts and the borders). It is strongly recommended that foreigners obtain appropriate advise when buying property in Mexico and that Title Insurance for the property be obtained. Stewart Title is an American title insurance company with offices in Mexico City that can also provide escrow services