For decades, foreigners have been buying: land, homes, condos and commercial properties in Mexico.. Some apply due diligence to their purchase, most do not. Those that do, realize Mexico can provide a safer real estate investment than a comparable purchase in the United States.

Baja real estate is a great opportunity for Americans who want the attributes that motivate so many Americans in moving to the West coast. The world is in a bad economic moment. Millions of US homeowners are losing their homes or their jobs. The same is occurring, but to a lesser extent, in Mexico. While US real estate values plummeted almost 60%, Mexico's decline is in the 10-15% range. Baja prices for condos, homes, lots and commercial properties are at about the same or a little lower than last year.

Mexicans own properties as a long term investment not a speculative “roll over”. They traditionally live out their lives in one home and then leave it to their heirs. This creates a more stable real estate market. In the U.S., the average home buyer moves to a new one every four and one half years. Also, Mexican banks are much more conservative than stateside institutions. Making sure the borrower can repay the loan. The U.S. is a more speculative real estate and property financing market. The results are obvious in the home value and banking crash that the U.S. is experiencing. Mexico's markets have remained relatively stable..

Realtors everywhere are being asked the same question: GIVE ME YOUR OPINION, SHOULD I BUY NOW OR SHOULD I WAIT?

I am not a sales agent or buyer. As a telecommunications specialist in the real estate industry, I have a particularly un biased , “close hand” view of the market. My answer – Now is time to buy. Americans and Canadians that have their life savings in a bank are not receiving the interest they need to preserve a decent lifestyle. A chocolate bar that had a price of 20 cents , 10 years ago, now costs a dollar. REAL ESTATE values may decline for a period of a few short years. But historically, real estate will recover with the economy and surpass values at the peak of past markets.
At the RE/MAX Office in Ensenada, we are beginning to see investors moving their money from US/Canadian Banks and investing in Mexican REAL ESTATE that has real value. The lower cost of living in Mexico provides home owners with a quality of lifestyle unaffordable in the U.S.. Foreign Investors are also buying commercial income producing properties. And once paid for, will provide more than enough income to live well or the option of selling it at a substantial return on investment.

For more information please contact: Hector Lara Office MX: (646) 156 5007 Office US: (619) 793 4732 hectorlara.ensenadarealty@gmail.com

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La Elegancia Condos in Rosarito announces its Semi-final phase sale with promotional packages.

La Elegancia, a high-end, affordable Condominium development located at km 35 on the free road from Rosarito to Ensenada, its announcing it's semi-final phase sale after reaching sales for 70% of the total inventory. This sale includes special pricing in some units as well as packages that buyers will be able to choose from, from a full house of designer picked furnishings from Toke to Property Management packages.

La Elegancia is one of the creations of GA&A developers, well known by their high standards in construction, safety and efficiency.
Condos in la Elegancia are available from 1 to 3 bedrooms as well as Penthouses and Jr. Penthouses, ranging from the mid $200,000's and up to the high $800,000's.

The popular high end condominium building offers one of the best new-condo values on the Calafia Descanso Bay, known as the Gold Coast, according to Gustavo Torres, Remax Baja Broker for La Elegancia.
Home shoppers who visit La Elegancia today can view 2 professionally decorated models, Santo Tomas and San Gabriel, one of these models has the samples of the furniture package that is being offered as a gift to the next 5 buyers by La Elegancia for this Final Phase Sale.

Interior features include high ceilings, spacious master bedroom suites with luxurious bathrooms and walk in closets. Travertine in bathrooms and floors. Gourmet kitchens have convenient food preparation counters, spacious storage pantry and a package of General Electric appliances. Solid wood hand crafted doors and recess lighting throughout.

Amenities in La Elegancia play a very important roll on the success of this development, since in the planning of this community; activities for all ages were included and strategically placed in the development. Some of these amenities are: 3 Jacuzzis, 2 heated pools both with incredible views to the Pacific Ocean and the Calafia Hotel, one of the region's landmarks. The adult pool, a lap pool, by the roof top bar; and the family pool, with a dramatic infinity edge to the cliff that hides a naturally private sandy beach, where 4 world famous surf breaks attract surfers of all ages year round. A non denomination Chapel, State of the Art Fitness Center, Movie Theater with 25 sits, Deli, Mini-market, Private beach access, 24 hrs security, Kids play area, Lobby and Club.

For more information visit: www.laeleganciarosarito.com info@laeleganciarosarito.com Call 1-866-Luv-Baja or Mex 011152-(661) 612-4227

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