When planning investment in Mexico real estate, an interesting option to consider is tourist regions that have not yet registered on the international radar. Some of these locations offer a well-developed atmosphere, modern services and many activities; without much more investment, the areas are ready to take off as international locations, and are only waiting to be discovered. The following are a few examples of this concept.
The two areas to be considered are regions that have already done well in the Mexican national market for tourism, and for this reason already offer many of the trappings of a tourist town.
Morelia, located in Mexico’s central region right between Mexico City and Guadalajara (the country’s two largest cities, about 4 hours from each) is said to be the most visited city within Mexico in terms of national tourism. It is a charming colonial city of about 700,000 residents – large enough to have all modern urban services, (including an international airport,) but small enough to avoid major traffic and other problems of Mexico’s larger cities.
Morelia has a beautiful colonial downtown, which has been named a World Heritage Site by UNESCO. The city is full of traditional colonial buildings, balanced by very well organized and green parks, full of tall, old trees, and nicely kept up with walkways and benches. Recently, a number of the city’s oldest churches, including the main cathedral, were restored and had exterior lights installed to offer a splendid view at night.
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While homes are still very accessible prices (starting well under $100,000 USD), the investment which this city has received as a leading national tourist destination has already made this city “ripe for the picking.” As tourism in Mexico grows, there is a very good possibility that a city like Morelia will be discovered by international travelers and real estate buyers.
Near to Morelia are the villages on Lake Patzcuaro. These towns likewise offer colonial charm, with quaint fresh food markets and beautiful little homes. Again, the national market has already brought the funds for these towns to restored, and comfortable cottages are available on the lake. Prices are likewise very accessible.
About 2 hours away from Mexico City (in the same direction as Morelia) is the village of Valle de Bravo, nestled between the shores of Lake Avarando and the hillside. This village has gained popularity with a very specific group – the small but growing upper middle class of Mexico City. It is common and considered very tasteful to own a cottage or “hobby ranch” near Valle de Bravo, and for this reason, this town too has been very beautifully kept up with a very nice atmosphere. The village has been named one of Mexico’s “Magic Towns,” offering even further funding for the purpose of maintaining the traditional atmosphere and promoting the area’s rich traditions.
Little white homes on cobble stone roads with a very typical and quaint village center define the town itself. Residents can enjoy many activities, including waterfront activities such as boating, or countryside relaxation like horse-back riding. Again, it is a town ready to be discovered by international real estate buyers.
As Mexico’s economy continues to grow, the country’s middle class continues to grow, offering the possibility of very well kept up “tourist towns” that are not yet on the international radar. The advantage to investing in these is that far less is required to bring them to the standards that appeal to international tourists, (in the case of the examples above, almost nothing is required.) This contrasts to completely off-the-radar destinations that have almost no tourism investment; even though they have plenty of potential, they would require large financial and time investment to bring this potential out. Real estate in communities like the ones mentioned above will, at the very worst, resell for somewhat improved prices to Mexico’s growing upper-middle class; at the best they community will take off on the international scene and values will rise significantly.