Mexico real estate has been doing very well over the years, when I came here 8 years ago, life was slower and it was 3rd world but today we have millions of Americans Canadians and Europeans looking for a place to life quietly and inexpensively and they now number in the 7 million range and increasing quickly.
It is still possible to have a new home under $150k and live a slower lifestyle with the gentle Mexicn people and slower pace. In my region of the Riviera Maya, things have picked up and its been booming for 5 years with tourists