As State Looks Towards Tourism, Campeche Beachfront Property Goes Up.
Global Property Service Group put up for sale almost 100 ocean-view Lots on the Mexican Gulf Coast. Pristine area is located next to a quaint fishing village called Sabancuy - just a 1 hour drive from Campeche International Airport. Property is available for private buyers as well as professional investors. Prices for the beachfront land from $36,500 to $175,000 USD.
Analysts of GPS Group call investors to action and estimate that ROI (Return on Investment) could be as much as 300% over the next 3-5 years. Current investors in the project have already reported double-digit equity gains. According to the experts, Campeche has all the same ingredients for success as Playa Del Carmen or Cancun did 20 or 30 years ago including pristine beaches, Mayan ruins, and world class fishing to name a few. Now affluent visitors from Tobasco, Villahermosa, and Campeche will have an alternative to long drives to Quintana Roo for a weekend at the beach.
Developers already have plans to build up a 12km stretch of pristine beachfront near Sabancuy. Additional commercial and touristic construction is scheduled to begin after the approval of the eco-touristic master plan. In this regard GPS Group invites to collaboration local investors as well as international partners. The company also reminds that now foreign buyers can obtain the property ownership through corporations.
You can find out more about beachfront lots from the website http://www.globalpropertyservicegroup.com
In just a few more years this territory will be known as one of the newest international destinations for tourists, as well as a regional alternative to Quintana Roo for affluent Mexicans looking to spend a weekend at the beach.
As stated in "The Yucatán Times," during one of the press conferences, the Secretary of Tourism of the State of Campeche, Jorge Manos Esparragoza, said "the state will be in constant development with the aim of attracting international tourists and to develop Campeche as a favorite destination for visitors from all over the world." President Enrique Peña Nieto authorized the allocation of resources through the federal Ministry of Tourism (FONATUR).
Moreover, according to a recent report from George Washington University, "Campeche is a tourism destination with enormous potential given its rich cultural heritage and pristine natural areas." One of them - just a 1 hour drive from the Campeche International Airport - is Sabancuy, a quaint fishing village next to the proposed development area.
Plans are already in place to buildup a 12km stretch of pristine beachfront. Additional commercial and touristic construction is scheduled to begin after the approval of the eco-touristic master plan.
Analysts predict enormous growth in the area and booming prices, which means it's time for action and smart investments. Properties are now available to the public. Prices for the gorgeous beachfront land are as low as you were buying in "Riviera Maya" 15 to 20 years ago!
According to information from Global Property Service Group - the exclusive beachfront property representative and manager - almost 100 beachfront lots are still to be put on the market in the $36,000 to $175,000 dollar range.
Property is available for private buyers as well as professional investors. GPS Group estimates that ROI (Return on Investment) could be as much as 300% over the next 3-5 years. Besides, current investors in the project have already reported double-digit equity gains.
For smart investors, Global Property Service Group has a Fly and Buy Program with up to 2,000 dollars in refundable travel credits towards airfare, hotel and expenses. During the relaxing trip you will also experience the best seafood, beautiful beaches, lagoons, attractions- and a huge amount of important information not normally available to the public.
One should not miss out on this ground floor opportunity.View more
The rocky ruins of the Mayan fortress city of Tulum lean over a ribbon of white sand and bath-warm waters, in 50 shades of turquoise.
The beach resort, 80 miles south of Cancún, on Mexico’s Yucatán Peninsula, has become a bohemian hang-out for the fashion set, who inhale mescal margaritas and lobster ceviche in cabana-style lodges strung out along the strip.
Many of the town’s retreats offer sauna-like temazcals, traditionally used in the Mayan culture to purify the body, mind and spirit, in which followers climb into a stone dugout to sweat, chant and ingest herbal vapours.
Tulum’s low-rise style of development, embracing such local rituals, has helped draw international investors to the so-called Riviera Maya, the dazzling stretch of Caribbean coastline stretching between here and Cancún.
Mexico is one of the top 10 fastest growing property markets in the world, according to data collected by Knight Frank, with prices rising 8 per cent in the year to June, helped by the strength of the dollar.
Prices have risen about a third in the past five years on the Riviera, according to Liszett Torres of Sotheby’s International Realty. Demand has also risen, with sales increasing 25 per cent a year for the past three years, she says.
The shock election of Donald Trump as US president and his proposal to “build a wall” on the southern US border suggest dark days for Mexico. The economy could slow or even contract as soon as next year if Trump renegotiates or withdraws from the North American Free Trade Agreement. Agustín Carstens, governor of Mexico’s central bank, has called Trump a “hurricane” for Mexico’s economy.
Over the past five years the peso has lost half of its value against the US dollar, making houses cheaper for US buyers. And following Trump’s election victory, the peso plunged 13 per cent to an all-time low of more than 20 pesos to the dollar. It is on track to be the worst performing currency of all emerging markets in 2016, according to Bloomberg News, with the value likely to drop for the fourth year in a row.
The weak peso is already boosting interest in investment properties among those with foreign currency, says Rob Kinnon of Buy Playa, a local agency. The Riviera is a winter sun, year-round destination, with temperatures varying from an average low of 21C in January to an average high of 34C in August, which means some homes can attract rental returns of up to 18 per cent, he claims. “Tourists are flooding in from the US because once they have paid for their accommodation and travel, the cost of living in Mexico is cheap. A beer that cost $3 now costs $1.50.”
Even before the US election, prices for prime homes on the Mayan Riviera (valued above $1m) had been rising about 4 to 5 per cent a year, according to Kinnon. Since 2012, prices across the state of Quintana Roo have risen 16 per cent, according to the Sociedad Hipotecaria Federal, which publishes Mexico’s house price index. In the third quarter of 2016, prices in Yucatán had risen 26 per cent over the same period in 2012.
Yet there is still some room for movement on asking prices, according to Kinnon. “It’s Mexico, so negotiation is built into the price.”
Half of buyers on the Riviera are Mexicans purchasing investment properties, says Torres. Foreign buyers are usually seeking second homes. Americans are the largest group, but there are also others drawn by direct flights to Cancún from the UK, Germany, Argentina and Canada.
While Mexico has become renowned for drug violence, security issues have not tended to affect the Yucatán, because of its distance from the cartel turf of northern Mexico, as well as investment in security infrastructure, police training and equipment. The US State Department has no advisories or warnings in place for the Yucatán area.
Thanks to a safety record which is on a par with European capitals, the coastline has undergone a remarkable transformation over the past decade. Playa del Carmen, the most popular area with international buyers, has gone from a small town to a booming resort and golf destination, with more than a dozen courses.
In Playa del Carmen you can buy two-bedroom beachfront apartments from $550,000, says Torres. There are beachfront single family homes, too, mostly in Playacar, a gated community of resort developments. Local agency Top Mexico Real Estate is marketing the Kite House, a four-bedroom home with an infinity pool and smart lighting, audiovisual and security systems for $1.99m.
A two-bedroom penthouse in Aldea Zamá, an exclusive gated community in Tulum, will cost about $300,000. There are no beachfront condos here, though, due to building restrictions on the coast. Yet 20 minutes to the south, Sotheby’s International Realty is selling a four-bedroom, sun- and wind-powered villa. The property, which has direct sea and lagoon access inside the reserve of Sian Ka’an, is on sale for $3.9m. To the north, in Tankah Bay, Playa Real Estate Group is marketing a five-bedroom seafront villa with a pool for $1.6m.
Cancún, known for its mega-resorts and frenetic nightlife, was once the main place in which to buy, but things have slowed down there now, says Torres. As a big city, with more year-round amenities and entertainment, it remains popular with retirees.
There are plenty of beachfront properties here that offer more sq ft for your peso than elsewhere. Sotheby’s International Realty is selling a four-bedroom villa with a pool and private dock in one of the most exclusive areas of Cancún for $2.95m. Christie’s International Real Estate is marketing a four-bedroom house with a pool for $1.39m.
Away from the coast near Mérida, the same agent is selling Hacienda San Bernardo, a 19th-century, ranch-style home with 10 bedrooms, for $12m.
One thing that really might deter investors is the threat of Zika. In recent months there has been at least one case of the virus in Yucatán and the US Centers for Disease Control and Prevention recommends pregnant women do not travel to the area. A significant number of new cases could have a dramatic effect on the travel industry and property market, so some buyers might wish to wait and see what mañana brings.View more
Food and photography blend this fall for what looks like a fascinating expedition across the Yucatán Peninsula.
Participants will travel throughout the region with award-winning National Geographic photographers and instructors Macduff Evertonand Jennifer Davidson, photographing Maya ruins, ecological reserves and the beautiful natural environment so unique to the peninsula.
And a visit to the region isn’t complete without diving into its culinary culture. Chef David Sterling will gather guests in the Los Dos kitchen to prepare traditional Yucatecan foods, and then lead participants to local pueblos to sample more cuisine in situ.
The workshop is for amateur as well as professional photographers, and for anyone who enjoys cooking and eating, say organizers.
The cost is $6,795 per person, which includes tuition; nine night’s accommodations at Casa del Balam (double occupancy; single supplement is $680); nine continental breakfasts, seven lunches, and five dinners; entrance fees; and local transportation. Airfare to Mérida is not included. This workshop requires a $1,000 deposit per person.
Source: Yucatan Expat LifeView more
CHICXULUB PUERTO – A three-faced monolith and a rock hewn in the shape of a bone with a misspelled text carved on it mark the site in this town on Yucatan’s coast where the impact of a giant meteorite 65 million years ago initiated the massive extinction of Cretaceous-era species.
The monument, with crude depictions of dinosaurs, can be found in the central square, facing the church and police station in Chicxulub Puerto, a town of 10,000 some 35 kilometers (19 miles) north of Merida, and away from the tourism hotspots of Cancun and Cozumel.
This is the site, according to scientists, where a 10-kilometer (6.2-mile) wide meteorite impacted Earth, triggering climate change that killed entire species, including dinosaurs.
“I’d like to have this known more widely, so that more people would come to visit and for my children to have more information,” Abigail, born in Tamaulipas but a resident of Chicxulub Puerto for the past seven years, told EFE.
“But (the crater opened by the meteorite) has not received much attention,” she said.
Agustin Figueroa, a local official, said “many other towns invest in advertising.”
“We already have it, because Chicxulub is known around the world. Our real problem is the authorities’ disregard. They do not allow us to be what we want to be. We want to elevate our quality of life,” Figueroa said.View more