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Baja Real Estate Group | Rosarito Real Estate

Construction of a Major New Elevated Road and Shopping Mall will Benefit Rosarito Homeowners

Tijuana and Playas de Tijuana are about to experience a significant infrastructure upgrade. The future Elevated Viaduct (Viaducto Elevado) will significantly improve waiting times at the border and expedite traffic to Playas de Tijuana. At the same time, the new Peninsula shopping center is a welcome addition to the Baja lifestyle. These projects are exciting news for Rosarito and Ensenada homeowners, who stand to gain from better mobility and more entertainment and shopping options than ever.

Construction will cost an estimated 8 thousand 437 million Mexican pesos (around 469 Million USD ) from the Mexican government and a customs fiduciary fund. The Elevated Viaduct will be almost 8 miles long, connecting the vehicular flow from Tijuana Abelardo L. Rodríguez International Airport with Playas de Tijuana, the Northernmost coastal town in the Rosarito-Ensenada Road.

The new road will also link with the Cañon del Matadero area, easing vehicular flow around the border crossing. The project includes supporting structures such as tunnels, false tunnels, and bridges. According to Jorge Nuño Lara, Head of the Ministry of Communications and Transport Infrastructure (SICT, by its Spanish acronym), construction will kick off at the beginning of May.
The Viaduct will also connect with the border checkpoint El Chaparral and Puerta México East. Once the road opens, it will relieve the flow of vehicles heading East, toward Tecate Customs, and West, to Ensenada, through the Tijuana-Rosarito road, expediting commercial transit.

“If you come from Otay heading to Playas de Tijuana or Rosarito, you will spend less time sitting in traffic; this will impact the adjoining roads and benefit users’ mobility,” commented Kurt Ignacio Honold Morales, Secretary of Economy and Innovation of Baja California. The Ministry of National Defense designed the project, which has been praised for its well-planned structure. Construction is scheduled to be completed by 2025.

Shopping in Style

Tijuana also experienced an exciting architectural milestone with the opening of the Peninsula shopping center in December 2023. With over 40 retailers, including iconic European and American brands, a Mexican flagship store, restaurants, bars, and a movie theater, the enclave promises to become Baja’s entertainment and lifestyle epicenter.

“Our residents are stoked,” says Max Katz, President of Baja Beachfront Realty Group. “They used to drive to San Diego to shop for clothes, but now they can access fast-fashion brands without crossing the border.” Trendy European retailers such as Zara, Pull & Bear, and Massimo Dutti are already open, as well as American staples H&M, Petco, and Lego. There’s also a movie theater and plans for Tijuana’s first 5-star hotel, residential condos, and even a hospital. Mexico’s high-end department store, Liverpool, also has a presence. Anecdotal reports from some shoppers say that prices at Tijuana shops are 25% lower than in the US.

“More infrastructure is always positive for the Rosarito-Ensenada region, where you can buy an oceanfront home starting in the high $300k, concluded Katz.

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History proves, and money managers agree, that investing in real estate offers protection against financial volatility.

investing in real estate
investing in real estate

The recent failure of two US banks proves that investing excess cash in Real Estate is the best way to safeguard your wealth. While real estate values may go up or down, the physical asset themselves don’t just evaporate. Until last week, many of us didn’t know FDIC’s insurance is capped at $250,000. The need to find better ways to protect our assets is evident.

Mexico could be the answer. A report by Mexico’s Federal Mortgage Society (SHF) shows that housing prices in Baja, California, steadily appreciated from 2015 to 2021. The price index for housing in Baja went from 51 to almost 136 points in seven years. With low yearly ownership prices compared to the US, owning a slice of Baja Real Estate may be the best place to bank your money.

Max Katz, President of Baja Beachside Realty, faced a fivefold increase in inquiries from Americans last week. Most were potential customers, asking about the cost of properties and living in Mexico. Though Americans cannot easily obtain loans in Mexico, property is much more affordable than in the US. Many Americans purchase their homes in Mexico by tapping into their 401 (k)s or the equity from their US homes. Besides the security of owning physical assets, there’s much joy to be had at a beachfront property in Rosarito -starting at the high $200,000s.

PRO TIP: Ask us about inheritance laws in Mexico!

The average yearly cost of ownership in Rosarito is as low as 6000 a year, including:

  • HOA Fees
  • Property Tax
  • Home Insurance

History proves, and money managers agree, investing excess cash in Real Estate is a safer strategy. It is also more fun.

Resources:
https://www.gob.mx/shf/acciones-y-programas/estadisticas-e-investigacion

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Medical tourism in Tijuana, Mexico, has long been popular for Americans seeking affordable healthcare. But for many Americans, what starts as a sporadic visit, turns into a reason to move to Mexico for good.

Medical Tourism in Mexico
Medical Tourism in Mexico

Many Americans opting for routine medical care in Tijuana, end up buying properties in the coastal town of Rosarito. Tijuana is located just south of the US-Mexico border and is easily accessible by road or air. The city has several top-rated private hospitals and clinics that offer a wide range of medical services at a fraction of the cost of similar procedures in the United States. Rosarito is 30 minutes south of Tijuana, and is famous for its spectacular ocean views and seafood.

“Americans who live here see local doctors in Rosarito for routine checkups, and dentists for everything from cleanings to dental implants,” says Max Katz, President of Beachside Realty Group. “They pay a third of what they would in the US for medical and dental care.” Jonathan Harris, an American living in Rosarito, recently had a hip replacement in Tijuana for $12,000, including the hospital stay. “I was able to pick the doctor I wanted and ended up paying less than my deductible for my US insurance,” says Harris.

Here are some of the reasons that have driven the trend of Americans moving to Rosarito for medical care:

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The best-kept secret of affordable retirement lies abroad. Make it happen!

Americans seeking retirement usually turn to a couple of popular destinations within the U.S. But the best-kept secret for affordable retirement lies abroad. Rosarito, Baja California, known for its beautiful beaches, coastal climate, and unbelievable cuisine, has become one of the most popular destinations for retirees in the past decade. With some planning, this magical city can stretch your money further than any in the U.S.

How Americans Can Retire in Baja
How Americans Can Retire in Baja

Rosarito’s vibrant culture has attracted a large community of Americans looking to retire. Due to its proximity to the U.S. border—a short 40-minute drive—it is easy to visit the U.S. and stay connected with loved ones.

The Rosarito beaches are among some of the most beautiful in all of Mexico, showcasing the vast blue Pacific Ocean. Almost perfect weather that rarely drops below 50 degrees makes it a vacation or retirement spot you can call home. Rosarito and Ensenada are known worldwide for having some of the most spectacular fresh seafood, including local lobster, shrimp, and fish. And by driving 30 minutes East, you’ll find the Valle de Guadalupe with its world-class wineries and Michelin-star restaurants

It’s hard to resist this beach lifestyle, but many don’t realize how much more Rosarito offers. Due to foreign exchange rates, retirees live comfortably in Rosarito for as little as $2,500 per month. Food and other essential needs are drastically less expensive than in the U.S. This has allowed many Americans to enjoy the Mexican lifestyle.

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Young people are moving to Mexico to offset the high cost of living in the US

On April 12th, Max Katz, President of Baja Real Estate Group, was interviewed by a reporter from ABC News 10 on a topic that’s caught the attention of the media and the public. That is the trend among young people from San Diego moving to Mexico to save money. The high prices of living and buying property in San Diego motivate many young workers, students, and professionals to move.

Katz, who specializes in properties in Rosarito and Ensenada, said he’d seen a growth in the younger demographic in the last couple of years. The Rosarito-Ensenada region has traditionally attracted retirees from California and around the US, a market that is still going strong. The cost of living in Mexico is 30-40% lower than in the US. The rising inflation rates in the US -7.5 to 8.5% so far this year- and the prohibitive housing costs of stateside properties mean there is no end in sight for the exodus.

Katz said the difference in home prices is massive. “You can get a waterfront home or condo in our area anywhere from 200 to 6 or 700 -would be a normal price range for our market- and that same property in San Diego would be in the millions for sure.”

 

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Northern Baja Real-Estate market is expected to heat up, Santa Barbara in Bajamar adds amenities to keep up with demand.

  • Media attention luring visitors back to Rosarito and Ensenada, number of visitors still strong as summer dies
  • Santa Barbara in Bajamar hits the 50 percent mark on amenities, construction going on at full speed to keep up with potential buyer´s interest
Call it the Baja Effect
Call it the Baja Effect

Call it the Baja- is-Back Effect. A string of recent features in such diverse media outlets as the San Diego Reader, Forbes Travel Guide and Anthony Bourdain´s No Reservations, have been showcasing the charms of Northern Baja.

The positive media attention has lured Americans back to the region. After these visitors get back home, their upbeat reports make it back to the media, thus feeding a virtuous circle that is expected to bring still more tourism and real estate buyers to the Rosarito-Ensenada area.

At Santa Barbara in Bajamar, developers are working hard to get ahead of the curve, and are not sparing any expense on the construction of new outdoor attractions to attract the new wave of buyers expected to hit the Northern Baja Coast. The construction of a new oceanfront pool complex, with shaded cabanas and changing rooms, outdoor kitchens with barbecues, sitting and tanning areas has hit the 50 percent mark, and is not slowing down, much as the number of visitors and tourists has not dwindled even as the summer dies down.

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It might not come to mind at first. But that´s the key, high-end Real Estate in Baja is like a well-kept secret within a well-to-do family, something only a few are privy to, like the name of a great caterer or a very exclusive soirée.

High-End Real Estate
High-End Real Estate

The Baja Riviera boasts an amazing offering of high-end properties that satisfy the needs, wants, and whims of the most discerning real estate clientele.

Luxury finishings, private locations, 24-hour security, custom design, and décor, are among the features of properties in this range. Oftentimes, concierge services complement the resort experience.

The combination of the charming old heritage architectural style and the top-of-line amenities, with the clear financial advantages of investing on Mexican Real Estate, have made this the area of choice for a small, discreet, and privileged set of buyers.

“In years past, clients that were originally looking at Puerto Vallarta or Cabo for their luxury home purchase have turned to Northern Baja, and ended up acquiring property in the Rosarito -Ensenada strip”, says Max Katz, Owner of the Baja Real Estate Group. “We first noticed this trend about three years ago. However, in the last year, we have sold more premium homes and penthouses, than in all of the last 6 years combined”.

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  1. Pocket Listings Not The Way To Go In Mexico
    Pocket Listings Not The Way To Go In Mexico

    The upward trend in the real estate market in Rosarito-Ensenada and more stringent capital gains laws put a damper on “For Sale by Owner” and Unlisted Properties
  2. Changes in capital gains laws warrant the use of a knowledgeable real estate agent when conducting transactions in México
  3. Changes in capital gains laws in México make for a more robust real estate market in Rosarito-Ensenada
  4. “Unlisted Properties” and “For-Sale by Owner” are not the way to go when you go to Rosarito

As Mexico´s´ real estate market continues to recover, real estate laws have changed, making operations such as “For Sale by Owner” and “Unlisted Properties” not the best strategy for buying and selling properties in this country.

The real estate market in the Rosarito-Ensenada Coast is still moving steadily up and gaining momentum. HGTV recently aired two episodes portraying American buyers as they acquire their dream properties in Rosarito; there is talk about new developments coming and inventory under $200,000 is becoming scarcer every day.

There is a growing trend of Americans packing up and moving to Mexico, looking for a better lifestyle at a lower price. All in all, Rosarito is proving to be a good investment for retirement and second homes.

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Tuesday, September 17, 2024

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