Kentucky Real Estate Business

Posts Tagged ‘Mexico’

Article by Jim Hay

At an alarming rate the Mazatlan real estate market is poised to explode. This is due to the US and Canada economy. The United States in particular is about to see hyper inflation take hold of the economy. Baby boomers and others in that age bracket that are retired or just about to retire are seriously considering leaving the country. When you are retired or on a fixed income when inflation hits all of a sudden your dollar does not go as far as it once did. Leaving the country and moving to Mexico is on the minds of a lot of Americans due to the cost of living. In fact this writer read in a blog dedicated to ex pats that over 6000 Americans are leaving the country permanently each month due to the government’s policies and the fact that it is getting harder to live in America a good life. Americans are realizing that real estate in Mazatlan is a terrific bargain. And what beats that is the fact that for a 5.000 home the taxes are only about 0.00 per month. Utilities are just as good of a bargain. You can hire a maid in Mazatlan for around 0.00 per month full time!Realty agents in Mazatlan are gearing up for the rise in Americans and Canadians moving south. The real estate market is also gearing up by new housing developments being built as fast as possible. These real estate developments are in American neighborhoods. In the area of the El Cid development there is a proposed 450 home development planned complete with all the associated support business buildings. If you chose not to live in a gated American community you can find homes in the ,000 to 0,000 range. These homes are not dumps either! These are well built homes in good neighborhoods. There are even better real estate bargains to be had if you enlist the services of a local Mazatlan real estate agent and purchase on the Mexican economy.Mazatlan’s realty market is truly ready to explode. If Mazatlan is on your radar as a retirement area the time is now to start looking. This wonderful Mexican city is welcoming foreigners as they see it as a boost in their economy with the new dollars floating around. Experts in the economy and finances estimate that America will see massive inflation starting in 2012. This is when the real estate business in Mazatlan will really explode!

http://goarticles.com/article/Mazatlan-Mexico-Real-Estate-Business-About-To-Explode/4491644/

A declining real estate market at home and fear of deepening recession are driving American homebuyers and real estate investors to hunt for opportunities outside the domestic borders. So far as the condo investment is concerned, many home buyers are exploring the booming markets. The Latin American countries such as Panama and Costa Rica have become hot real estate destinations in the recent times. But it is the Mexico condos that have surpassed all its Caribbean neighbors in popularity and sales volume.The country’s natural beauty, sunny climate and a socio-cultural pattern having a close US resemblance it is only natural that American home buyers are banking so much upon the Mexico condos. From the retiring baby boomers to the young couples are looking out for a second home, all are gathering to this country in search of an affordable, yet high quality real estate solution. And they all are happy and satisfied with their dream land in location that takes a few hours driving from the major US cities like California, Florida or Phoenix and the property which closely follows US tradition in its construction and list of amenities. A booming and ever expanding tourism is to be thanked for the growth in the Mexico condos market. The real estate experts in Mexico predicted that the properties are likely to continue with its appreciation cycle for another 15 years.With some of the hottest tourist destinations, Mexico boasts of a wide collection of wonderful condo hotel properties, which are ideal for the real estate investors who want to buy Mexico condos for the dual purpose of vacationing and investment. Almost all these properties offer managed rental program, which enables an individual owner to place its unit to the program for getting tenants for the property at the times when it is not occupied. The rental incomes are divided between the owner of the property and the condo hotel management. This arrangement helps the unit owners to save on their maintenance expenses as well as maintenance hassles. Like the traditional Mexico condos, these condo hotel units can also be sold, transferred or rented by the owner. At the time of the selling, it is the owner, who will keep the profits derived from appreciation. In a nutshell, Mexico condo hotels give you the hassle-free vacation home ownership and huge income potential.

ROSARITO, BAJA CALIFORNIA. MEXICO – Many Americans with reduced and fixed incomes are looking outside of the US for retirement and economic relief in these tough times, finding it just south of the border. Baja California, Mexico is leading the trend to cater to retirees, by offering services that appeal to the growing number of foreign residents. These services include assisted living, property and personal care among others at significantly lower prices than in the US.

US store names like Home Depot, Wal-Mart, Smart and Final, Applebee’s and Ashley Furniture are some of which are becoming more common in strip malls around the area. State of the art medical facilities equal to those on the US have been and are being constructed in order to provide quality medical care services to the growing number of foreign residents, the only difference being the lower cost.

The area between Rosarito and Ensenada just 45 minutes south of the border has become the preferred area, where developers are also getting on board by bringing amenities to these new homeowners. Calafia Condos & Villas is one of these developments, where their new tower offers more amenities and social atmosphere for people with an active lifestyle. Plus, it is pet friendly. Some of these amenities include a club house with a TV room, game room, computer area, large gym, outdoor and a private Jacuzzi. These amenities are becoming standard for new communities.

A current resident of Northern Baja, Karen Erstad says “I purchased a second home in Las Gaviotas, (an established Northern Baja community), over 10 years ago with the intent to someday live my retirement years by the Ocean”. When she decided on early retirement and make her move, her family and friends thought she was not on her right mind. Even though she would be only a 2 hour drive away, their primary concern was medical care and the question of who would look after her.

Some doctors in this Rosarito-Ensenada area are willing and do still make house calls; there are also excellent medical facilities throughout the state. Serena Senior Care is a corporation dedicated to improve the quality of life for senior residents in Baja; among their services are nursing assistance and doctor visits, which gives family members’ peace of mind. In addition, ocean front developments in Baja are largely inhabited by expatriates making them very tight communities, who look out for one another.

Karen continues by adding “I can also put my own concerns at ease, by moving to Mexico I can live the same lifestyle if not a better one as if I were still working”.

Karen is one of many Americans discovering the benefits and lower cost of in-home services that the Northern Baja region offers; furthermore, with the increased purchasing power of the US dollar against the Mexican peso they can lower their monthly expenses considerably, here is an example:

* Grocery bill around 250 dollars a month for a small family.* Cost of a movie for two people from less than 11 dollars including popcorn.* Doctor’s visits starting at around 20 dollars.* Internet Access and Cable TV from 60 dollars.* Property taxes average 300.00 dollars and up per year.* Game of golf starting at 35 dollars* Private bilingual school around 175 dollars monthly tuition* Hair Salon hair cut and color can start at around 27 dollarsEating out* McDonalds, less than 4.50 for a super size combo* Chinese food, less than 4.50 for a “lunch” (enough for 2 people)* Traditional Mexican food, complete meals from around 4 dollars.* 5 star meal starts at 20 dollars per person.

Most of these coastal Baja developments are also located just 10 to 15 minutes from the newest hospital in the area. Downtown shopping, and a 45 minute drive to the wine country, where on Wednesdays and Saturdays they offer an organic farmers market. Living in these communities Americans have the same lifestyle as they currently have back at their homeland but for much less.

Max Katz, a long time reputable Rosarito Broker says “Due to the entire housing inventory on the coast, developers set themselves apart by offering more amenities, services and discounts”. He continues saying, “Not only the newer developments are following the trends, even long time established communities such as Las Gaviotas, an ocean front community that has been a model of success for retirees over the last 35 years, are upgrading to larger gyms, creating social committees and having weekly golf and tennis tournaments”.

Clearly, relocating to Northern Baja California has become a solution for Baby Boomers and American retirees against the economic crisis. Especially for those who would like to remain closer to their families and amenities in the US. For others, is just good business.