When most people consider Cancun real estate, the first thought that comes to mind is the condos along the beachfront hotel area. While these are excellent options, there are also many excellent opportunities the downtown area and beyond.
Cancun homes for sale, for example, can be found in the downtown area. A variety of different styles are available, including new homes, resales and fixer-uppers for renovation projects. There is also a wide range of prices available, offering something suitable for any budget. Homes downtown offer the distinct advantage of a walk-everywhere lifestyle; shopping malls, international stores such as Walmart or Home Depot, restaurants, cafes, traditional Mexican markets and much more can all be within walking distance. Tree-lined roads in older communities also make for pleasant walking temperatures.
Nearby towns, such as Puerto Morelos, also offer homes for sale. Some can be found directly on the beachfront. Since the town is small, any homes would be within walking distance from the beach and the shops and restaurants of the village center.
Another option to consider is Cancun land for sale. While Cancun had its boom a while back, it continues to be a fast growing city which will soon be the largest city on the Yucatan Peninsula. This means that land is an excellent option in new neighborhoods, both offering low-cost property for those who wish to have their own dream home built, or investment opportunities.
Land for sale is also available in the surrounding areas. Nearby, there are ecological, off-the-grid developments where buyers can live a nature-oriented lifestyle. Growing communities such as Puerto Morelos likewise offer good possibilities for land investment and future growth.
Condos remain the most active market in Cancun; however, in a very successful and growing tourist center such as Cancun, other options should not be overlooked, especially by those who keeping ahead of trends and wish to save money by buying into markets before the vast majority of buyers take much notice of them.
One of the most common concerns that arises is concerning the question of who can or can't own proeprty on Mexico's beachfront. You may have read that Mexico's constitution prohibits foreign ownership of property within 50 km (about 35 miles) of any beachfront, or 100 km (70 miles) from any foreign border.
The bank's role is simply to hold the title, so that the foreign buyer can enjoy all the rights of direct ownership without contradicting the constitution. Most banks in Mexico are foreign corporations, such as Scotiabank from Canada, or BBVA Bancomer from Spain, offer excellent service and are very reputable.
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