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Costa Maya After Dean: What it Means for Real Estate Prices
The Costa Maya is a photographer’s dreamscape—no one can take May 2008 Hola Mexico Insider Reader: Until last August the Costa Maya, the southern stretch of the Yucatán Peninsula’s Caribbean coast, was one of the best bargains in Mexico beachfront and a big personal favorite here at Mexico Insider. Then came Hurricane Dean, the Category 5 storm that steamrollered this coast—and everything on it, including homes and roads—on its way across the Peninsula. Today the famous Caribbean waters are as turquoise-blue as ever, the beaches still fine, white sand. The little town of Mahahual, largely leveled by Dean, is being rebuilt better (and safer) than ever. But, with memories of Dean so recent, is anyone buying here anymore? And are those who bought earlier still staying? Mexico Insider sent Suzan Haskins to find out. She visited Mahahual to check its pulse (and its renovation). She spoke with local realtors. And in our lead story she tells us why the Costa Maya still makes sense as an investment—and gives some tips on ways to profit from property there. And though it’s only May, November—and the U.S. elections—will be here before you know it. This year’s Presidential election is shaping up to be a key one—the Woodstock of elections, the one years later that everyone wishes they’d been at. Make sure you’re there if you’re a U.S. citizen—we tell you how to register and vote abroad in this month’s issue. One tip: it takes time to register, so start early. ¡Felices Viajes a todos! Glynna Prentice P.S. Just up the road from the Costa Maya is Cancún, where we’ll be holding International Living’s third annual Ultimate Event May 28-31. There’s still time to sign up. This is our biggest, most comprehensive event of the year, covering everything from how to buy a property overseas to ways to make a living once you’re there. I’ll be in Cancún, talking about Mexico, of course. I hope to see some of you there. Find out more.
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