Why Buying Real Estate in Baja California is Such a Good Idea?
July 30, 2008 by admin
Filed under Real Estate
Baja California has been famous, or infamous as a party and vacation spot for party-goers around the world. From college students looking for some fun to couples on romantic getaways, Baja California presents a vacation spot where your everyday worries can disappear.
Other than being a party destination, more people are realizing that Baja California is a place perfect for spending longer periods of time, and maybe even retirement years. Aside from beautiful natural features, there is an abundance of personal and business opportunities for those brave enough to make the move. The warm and friendly demeanor of the residents is world-famous, and the standard of living is particularly high. Plus, the near perfect weather all year round is an added bonus. Baja California is probably the only place in the world where you have perfect southern Californian weather and beachfront property are available in abundance.
The real estate market in the U.S. has all but dried up. Investors are interested in the next big thing, and many agree that this place is Baja California. A number of factors make this place prime real estate, as it may result in a big property boom. One of these factors include the Mexican government implementing changes in real estate laws that allow foreigners to purchase property in Mexico. This happens to include areas once off-limits to foreigners. Once you secure a bank trust or a Fideicomiso, buying land in Baja California, or even Mexico has become much easier and reliable.
U.S. banks and lending institutions see the profit to be made, as many lenders are offering mortgage financing and title insurance for foreign-owned properties in Mexico.
You may find your dollar being stretch while in Baja. Finding beachfront property in southern California is particularly difficult, but you may find in Baja, that prices are 4 or 5 times cheaper than similar properties elsewhere in the U.S. Thats a good reason to buy properties, which is further justified with the current property appreciation at 30%.
Clearly the market in Baja California real estate is on the rise. The time to act is now if you want to get some of the action!



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