Condo Locations in Mexico for your Future Home or Rental Property

CONDO LOCATIONS IN MEXICO FOR YOUR FUTURE HOME OR RENTAL PROPERTY

It is easy to see why Mexico is the ideal vacation destination. With over 6,000 miles of coastline spanning four bodies of water, the choice of gorgeous beaches here is virtually endless. The country’s rich history and unique traditions pervade its old cities, and it's delicious cuisine is a sensory feast. Because it is easily accessible from any major American city, our southern neighbor has always been the ideal destination to relax and unwind — whether for a quick weekend break or a more extended trip. And as one of the world’s top tourist destinations, investing in a condo in Mexico provides year-round rental opportunities.

For those looking for a second property, these are the best real estate markets in Mexico to get you started:

PLAYA DEL CARMEN Once a sleepy fishing village, Playa del Carmen is now a bustling coastal resort town known for its beautiful beaches and exciting nightlife. Away from its main street, 5th Avenue Playa Del Carmen or "Quinta Avenida," this vibrant town also offers a wide range of exciting outdoor, nature-focused activities, including ziplining, diving, and snorkeling. Many American expats have made Playa del Carmen their second home, so English is widely spoken. Prices for a condo vary but expect to spend more if the property is near a beach.

CANCÚN Cancún is a paradise for second home buyers due to its year-round sunny weather, lower cost of living, and lower HOA and property taxes. Over 1.1 million visitors arrived at the Cancun International Airport last October, making it the busiest October ever. Needless to say, owning a condo in Cancún means you can rent it out to tourists while you are not using it.

Cancún itself is a vibrant city with a plethora of shopping, dining, and entertainment options — and that is in addition to its many stunning beaches.

TULUM Many Mayan ruins can be found in Tulum, making it a popular destination for history buffs. The Caribbean’s stunning turquoise waters, white-sand beaches, and enigmatic remnants of temples and castles perched atop the sea look straight out of a fairy tale.

PUERTO VALLARTA Puerto Vallarta has a sizable expat community, which translates into chic restaurants, gourmet cafés and craft breweries, and dozens of yoga and pilates studios. Traditional serrana (or highlands) architecture coexists with contemporary, sleek high-rise residences in this picture-perfect city. Of course, the Pacific Ocean, the town’s gorgeous beaches, and the breathtaking Bahía de Banderas remain the primary draws in Puerto Vallarta.

MÉRIDA Mérida is the biggest city on the Yucatán peninsula and is ranked as one of the safest cities in Mexico. However, do not expect a typical bustling city — Mérida’s allure comes from its relaxing lifestyle, rich in culture and history.

Beautiful colonial architecture, old fortresses, world-class museums, vibrant marketplaces, and delectable local cuisine will keep you busy. And you can still sunbathe on the beach as the nearest stretch of sand is only 25 miles away in Progreso.

BUY CONDO INSURANCE IN MEXICO Most condo associations have a commercial insurance "master policy," which usually covers the building’s exterior shell and communal spaces but not the interiors. A good Mexico Condo Insurance policy with dwelling coverage will take care of it for you, covering your condo’s interior walls, alterations, and fixtures. If you want to rent out your condo, your Mexican condo insurance coverage will cover rental liability and loss of rent for both annual lease agreements and short-term vacation rentals. Contact West Coast Global Insurance Services to find the best Mexico Insurance for your needs.