Why the Real Estate Boom in Baja?
Why the Real Estate Boom in Baja?
Imagine, finding your dream home, on the beach, beautiful sunsets, spacious living and an average of upper 60’s for yearly climate in San Diego, CA. Now, think of the price tag of this home. The price almost knocks the idea of owning this dream home right from your head. So what is the solution? Buying in Baja! Baja has been well visited by Americans for many years; however, it is becoming more of a place to live than just a place to vacation.
Many baby boomers are choosing Baja as their retirement location for many reasons; the beautiful scenery and culture, the close proximity to the border and most importantly, the low cost of living. By moving to Baja, many Americans can have more opportunity to splurge with luxuries they may have otherwise not been able to afford in the United States. With the prices being substantially cheaper in Baja than the California area; many investors, including Donald Trump, are buying the oceanfront land along the Baja coastline to develop world class luxury condominium and single family home resorts. These new resort like communities can be up to 50% cheaper, if not more, than a comparable piece of property in California. These prices have undoubtedly caught the attention of baby boomers looking to find their retirement home. With warm climate, low cost of living and home ownership laws changing in Mexico; Baja has undeniably become the hottest place to retire.
Francia Vela-Gramaglia
www.BajaOnlineRealty.com