Popularity Increases for Mexican Real Estate Market [1]
Home sales are up [2] in Riviera Baja (resort oceanfront communities between Tijuana and Ensenada) and are continuing to boost the economy as tourism is improving in Mexico.
If you’re in the market for living in luxury without the luxury price, perhaps you’d be interested in a 16-story residential tower steps from the Pacific Ocean in Rosarito Beach. American retiree Kristy Hugstad, who just purchased a two-bedroom, two-bath unit in Tower III of Calafia Condos, Resort and Villas [2], said, "We chose Calafia because of the energy it has to offer in an established community. We can hear the waves crashing outside our window and we never could have gotten that in the States for anywhere near the price we paid."
It looks like this trend isn’t going to slow down anytime soon. Veteran Los Angeles-based Realtor, Hector Aguilar, has a positive outlook on the Mexican real estate market, especially with developments like Naos [2], the newest community in Riviera Baja specializing in wellness, attracting buyers to the area.
"The real estate market seems to be in a forward progression. With so many great priced properties available on the Riviera Baja coast, it will certainly attract future baby boomers and other consumers looking to invest in reasonably priced ocean-front living," stated Aguilar.
Naos is a $200 million project developed by Central de Arquitectura [2] of Mexico City that has already sold two units and has seen continued interest and is also developing another resort, Nima Bay [2], in Puerto Vallarta.
If you’re interested in a well established community in Riviera Baja, then Las Gaviotas [2] might be right for you. This beachfront gated resort community was built more than 30 years ago and includes 298 homes eight miles south of Rosarito Beach and provides a private beach, huge swimming pool, Jacuzzi, tennis court, shuffleboard, 24-hour security, great surfing and playground.
American tourists interested in the real estate market or traveling in Baja California [2] should feel at ease with these investments in Mexican real estate as this economic stability indicates improvement in tourism. Baja California State Secretary of Tourism Juan Tintos Funcke says that, "We're going to be more present in California to put this message across that we are in a very good situation, that tourists are welcome." With these improvements and investments, it’s no wonder these attractive and affordable communities are selling so well.