Playa Del Carmen, Mexico (PressExposure) October 26, 2010 -- While Mexico properties have held a long tradition of being an affordable alternative very close to home, recent budget constraints on North American buyers have prompted a move in new developments to offer high-quality real estate in safe, gated communities at accessible prices.
Cheap Mexico real estate includes many options, ranging from fixer-upper colonial homes in larger cities to new condos in beachfront towns only a short drive from the ocean. Hand-in-hand with these truly affordable options that present a good deal of potential to buyers on a budget, there are upper-end condos, luxury beachfront homes and upscale gated communities; while being much pricier than the affordable options, they are still only a fraction of what similar properties would cost in warm beachfront locations in the U.S.
The part that is changing is that now upscale gated communities are beginning to see truly affordable options appear, allowing buyers on a smaller budget to enjoy the comfort and lifestyle offered by these communities. One market example is Playa del Carmen condos. Two gated communities demonstrate this point. Both Playacar, which is the area's original upscale development area, and El Cielo, a newer community, offer beautiful condos for less than $130,000 USD.
Some of the advantages that both of these communities include are bike trails running through the community, a large number of green areas, design and construction bylaws to protect the community image, and gated entrances for convenience. Playacar offers the additional advantage of being close to downtown's shopping, dining and nightlife, as well as a new mall with a supermarket, 2 club stores and English movies. El Cielo offers the distinct advantage of being close to the beach; the low-priced condos there are only 900 yards away, making for a comfortable walk.
The main disadvantage is that complexes tend to be less spacious; the units themselves are still very open and well designed, but common areas tend to be much smaller. The green areas and services in the surrounding community usually makes up for this fact.
Other areas in Mexico are seeing similar trends, and more affordable condo units are becoming available in very nice communities. They allow buyers on tighter budgets to enjoy lifestyle close to the beach, with all the amenities of a tourist community nearby, and the safety and visual appeal of an upscale gated community, without having to consider renovations or property improvements before enjoying their property.
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