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Baja Real Estate Group | Rosarito Real Estate

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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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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