Why Buying Real Estate in Baja California Is Such a Good Idea

By: Mikhail Tuknov

For many years now, Baja California has been known as a party and vacation spot for many people all over the world. From couples seeking an intimate getaway to college students looking for a place to get in some much needed partying over spring break, Baja California presents an ideal destination where you can go to leave the worries of the real world behind.

What a growing number of people are realizing however is that aside from providing a temporary haven for rest and recreation, Baja California can in fact be a place where you can spend considerably longer periods of time in and perhaps even live out your retirement years. And why not, after all? In addition to the many stunning natural features of the area, there is a wealth of both personal and business opportunities to be had for the few souls brave enough to make the move. If you need any more convincing there is the world famous warmth and friendliness of the local residents, the excellent standard of living–particularly if you measure your income in dollars–and the near perfect weather all year round. And let’s not forget that Baja California is only 30 to 40 minutes from the U.S. border. In fact Baja California is probably the only place in the world where beachfront property and near-perfect southern Californian weather can still be had in abundance.

By all indications, the real estate market in the U.S. has all but dried up. Investors are now looking for the next big thing and many experts agree that Baja California is it. As you read this article, a number of factors are coming together, the combined effects of which will ultimately result in the next big property boom occurring in this area. For one thing, the Mexican government has implemented a number of changes in the country’s real estate laws that now make it legal for foreigners to purchase property in Mexico–even in areas that were formerly off limits to foreign buyers. By securing a bank trust or a Fideicomiso, the process of buying land in Baja California–or most any other place in Mexico for that matter–is now simpler and safer than ever.

Even U.S. banks and lending institutions are getting in on the act, with many lenders now offering mortgage financing as well as title insurance for foreign-owned property in Mexico.

Finally, your dollars can be stretched a lot further in Baja California. You probably know by now how hard it is to find available beachfront property in Southern California. Well, not only is it available in Baja California, but the prices are up to 4 or 5 times cheaper than similar property in the U.S. That in itself is a good enough reason to buy but when you realize that current property appreciation is measured at 30%, it almost makes no sense not to buy!

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!

Source: http://www.ArticleBiz.com