23 Jan Best Caribbean and Central American towns with affordable real estate
Winter is in full swing, and many are already dreaming of an escape — perhaps to a beach-side investment property of one’s very own.
In 2019, the data team at Realtor.com determined the best and most affordable beach towns in the Caribbean and Central American area.
To develop their ranking, Realtor.com took into consideration various factors, including the home price per square meter, population growth, local homicide rate, life expectancy, gross domestic product growth, and the town’s international beach ranking. The website also noted the conditions which American buyers must follow in order to invest in real estate overseas, resulting in towns with overly restrictive real-estate guidelines being excluded from the list.
It concluded that Tulum, Mexico, is the best affordable beach town for prospective homebuyers. Beyond just beautiful beaches, Tulum is also one of the top culinary towns in Mexico and home to well-preserved Mayan ruins, Realtor.com notes.
Keep reading to see which other beach towns made the ranking, in order from most to least expensive price per square meter.
Note: All figures are sourced from Realtor.com unless otherwise indicated.