Category Archives: Mexico Real Estate

Mexican real estate related topics

Study: Words in Listing Ads Can Boost Sales Price

The words that real estate professionals choose to describe a property in listing ads could potentially result in the home selling for a premium, suggests an analysis that looks at listing descriptions and their effect on sales price and probability of sale. For example, property descriptor words in listing ads, like granite countertops and wood-burning fireplace, can help net higher sales prices.

Study: Words in Listing Ads Can Boost Sales Price

Study: Words in Listing Ads Can Boost Sales Price

Researcher Bennie Waller, a professor of finance and real estate at Longwood University in Farmville, Va., found that each property characteristic mentioned in a listing increases the sale price by just under 1 percent and it’s probability of selling by, on average, 9.2 percent.

“That means a listing with 15 additional property characteristics sells for roughly a 13.5 percent price premium,” says Waller, who excluded standard features in his analysis, such as bedrooms. Waller and his co-authors examined more than 16,300 transactions between March 2000 and February 2009 from a south central Virginia MLS. read more »

Disaster Relief from Hurricane Odile Los Cabos and How You Can Help

By  Susie Albin-Najera

The International Community Foundation is raising funds to support immediate disaster relief and rebuilding efforts in Baja California Sur in response to damage caused by Hurricane Odile.

A man stands by a trailer that was swept along with debris, by the flood waters and high winds of Hurricane Odile in Los Cabos, Mexico, Monday, Sept. 15 2014. Hurricane Odile blazed a trail of destruction through Mexico's Baja... - The Associated Press.

A man stands by a trailer that was swept along with debris, by the flood waters and high winds of Hurricane Odile in Los Cabos, Mexico, Monday, Sept. 15 2014. Hurricane Odile blazed a trail of destruction through Mexico’s Baja… – The Associated Press.

September 17, 2014 San Diego, CA. Hurricane Odile made landfall near Cabo San Lucas at 9:45pm (PDT) on Sunday night, September 14, 2014, as a powerful Category 3 hurricane, with estimated winds of 127 mph and torrential rainfall; one of the strongest hurricanes to ever make landfall in Baja California Sur. Odile continued to rake the state of Baja California Sur Monday, as it marched northward with strong winds and heavy rains flooding the southern half of the peninsula. The heavy rains threaten to trigger mudslides and floods.

The storm has already caused widespread damage across the southern half of Baja California Sur, including homes, hotels, hospitals, and roads.   Mexican authorities report that at least 15,000 people in high risk areas suffered damage or total loss of their home due to heavy winds. Currently all airports and ports are closed to civilian traffic. There remain power outages across the region, a lack of clean running water, and phone service is down.   Emergency officials also report that at least 135 people have been treated for varying injuries as a result of the storm, mostly from broken glass and falling objects.

The International Community Foundation (ICF) is actively working to assess needs of local communities in those areas most directly affected by the hurricane, and will work to mobilize needed resources for immediate disaster relief and rebuilding efforts. ICF will partner with on- the-ground disaster relief organizations, including our long-time partner, the Mexican Red Cross, and our grantees throughout the region. Charitable donations in support of relief efforts can be made to the Baja California Disaster Relief Fund at ICF.

How to help Contributions by mail: Checks payable to the International Community Foundation, with Baja California Disaster Relief Fund in the memo line, can be sent to: Baja California Disaster Relief Fund c/o International Community Foundation 2505 N Avenue   National City, CA 91950 Online contributions to the Baja

California Disaster Relief Fund at the International Community Foundation may be made at:

http://icf-xchange.org/donateonline/?webkey=bajadisasterrelief

Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing

 

Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing
Jason Oliva-August 25, 2014

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Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing.

A popular tourist spot, beachfront real estate and a newly converted resort hotel adds up to what developers say will give luxury senior housing in the U.S. a run for its money south of the border.

Those are the ingredients for Front Beach Retirement Mexico, a Mexican development company that sees opportunity in targeting American and Canadian seniors looking to retire in Mexico, particularly the widely popular tourist town of Puerto Vallarta.

Through an agreement with the Las Palmas Hotel, Puerto Vallarta-based Front Beach Retirement converted the 225 rooms of the all-inclusive hotel into an independent and assisted living community, Front Beach Puerto Vallarta.

“We’re offering a buffet-style of living,” says Front Beach Retirement and Mexico Assisted Living Marketing Director Joshua Ketner. “Rather than convert rooms into apartments, we left them at resort-style living.”

Though the company declined to disclose costs associated with the senior housing transformation, Ketner—who previously worked for A Place for Mom and as a caregiver at Aegis Living—told SHN that the overall spending on the conversion was minimal, as many of the rooms and accessibility features, such as hand rails, were already in place. The main cost, he says, was to convert a room into a doctor’s office.

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Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing.

The community embraces its hospitality roots, offering amenities like housekeeping services, two swimming pools, various dining venues, large common areas, direct beach access, a Tiki Bar and Internet accessibility.

Where the campus caters to its senior clientele becomes apparent with medical alert systems in every room, daily activities programming, transportation to medical appointments, wheelchair accessibility and 24-hour care provided by on-site nurses as caregivers and a resident physician who also lives within the community.

Aside from the seaside real estate and all the resort-style amenities included, the biggest draws for the Puerto Vallarta community are its lower price points on monthly rent and healthcare, says Ketner.

For $3,000 a month, residents at the Puerto Vallarta community can enjoy rooms with panoramic views of the Pacific Ocean, as well as utilities such as air conditioning, electricity and water that are included in the rent. For double occupancy rooms, the monthly rent is $4,600.

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Mexico Developers Selling Cheaper Alternative to U.S. Luxury Senior Housing.

In the U.S., the costs for assisted living are considerably more expensive at $3,500 per month, according to the 2014 Genworth Cost of Care Survey. While this figure signals a 1.45% increase in the last year, costs for assisted living have grown 4.29% annually on a five-year basis—the highest of all long-term care settings recorded by Genworth.

A unique feature of the community is that it doesn’t restrict its age-50 and up cliente to a one-month stay minimum.

In another attempt to target those “snowbird” vacationers heading for warmer weather during their retirement years, Front Beach also offers one-week stays at $780 for single occupancy and $1,100 for doubles. Additionally, a two-week stay runs $1,509 for a single and $2,140 for a double room.

Still in its early stages of operations, with a grand opening slated in the next couple of weeks, Front Beach Puerto Vallarta has seen about 10 leads looking to move in come September so far.

“There’s quite the misconception of Mexico, but the economy is growing and there is a large middle class here,” says Ketner. “It’ll just take more time getting people accustomed to the idea, and us a few months to figure out what our niches are.”

http://seniorhousingnews.com/2014/08/25/mexico-developers-selling-cheaper-alternative-u-s-luxury-senior-housing/

Written by Jason Oliva

 

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Read more about the Baja style of living: http://www.bajarealestategroup.net/

Housing inventory not much of an issue in northern Baja California, broker Kathy Katz says

 

Housing inventory not much of an issue in northern Baja California, broker Kathy Katz says

By GLENN GRANT, Special to The Daily Transcript
Tuesday, June 17, 2014

Katz-Kathy-WEB-cropped

Sales have doubled each of the past three years at Baja Real Estate Group in Rosarito Beach and Ensenada, says broker/co-owner Kathy Katz. Courtesy photo

Low housing inventory is a challenge for most San Diego County real estate firms. But it’s a different story just south of the border.

“We have great inventory in northern Baja California,” said Kathy Katz, broker and co-owner with husband Max Katz at Baja Real Estate Group in Rosarito Beach and Ensenada. “There’s been a lot of developer-financed new construction the past few years, but because we got hit by the economy along with everybody else, we have new standing inventory.”

Americans by birth, the Katzes have lived and worked in northern Baja for more than 20 years. They have a second home in Chula Vista but raised their children in Rosarito Beach, where they’re active in community affairs and among other Americans who live in the coastal city.

“I was doing vacation rentals in Rosarito, then met up with a developer and started re-launching his condos,” Kathy Katz said. “I was always in sales, so I guess this was my calling.”

The firm has clients in the United States, Baja and the Mexican interior, and prides itself on educating them about property ownership along the border. A client-relations staff member was recently hired to funnel prospective buyers to agents and help them make informed decisions.

The firm’s eight agents also help clear up prospective buyers’ apprehensions and beliefs about Mexican laws regarding foreign ownership, such as the 99-year land lease.

read more »

10 Best Wine Travel Destinations 2014

 

Valle de Guadalupe/Baja California, Mexico
—Michael Shachner

Valle de Guadalupe/Baja California, Mexico

What’s that, they make wine in Mexico? Indeed, they do—have for centuries—and not just sacramental wine and plonk. In the northern reaches of Baja California, along Route 3 in the Guadalupe Valley, the quality of wine has risen over the past two decades. Wineries here have teamed up with chefs and hoteliers to create Baja’s very own Ruta del Vino (wine route). Less than two hours from San Diego, the Valle de Guadalupe, anchored by the city of Ensenada, has moved past its Tequila-and-Tecate roots to ones based on the grape. Head south of the border for a wine-and-travel experience you won’t forget. —Michael Shachner

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Talks Of Ownership Laws in Mexico Generate Surge in Real Estate Sales

Changes to foreign ownership laws in Mexico expected to generate a surge in sales
The historical amendment to Mexican Constitutions´ 27th Article, has stirred the interest in   properties along the Baja Riviera, as evidenced by the surge of real-estate activity along the Northern Baja Coast. “We have seen an important increase in the number of inquiries by potential clients since discussion about the reform hit international media outlets”, said Maday Valdenegro, Sales Manager at Santa Barbara in Bajamar.

Manlio Fabio Beltrones - Mexican Federal Senator

Manlio Fabio Beltrones – Mexican Federal Senator

The amendment to article 27 was approved by the Mexican Senate on April 23rd, “but it still needs to be approved by a majority of Congresses of each of the States in Mexico for a reform of the law to be final”, noted   Javier Troncoso, an Attorney at Law based in Los Cabos

The reform would now allow foreigners to acquire real estate within the “Restricted Zone” (100 kilometers wide from the borders and 50 kilometers wide from the coastal shores).

“Historically, once an amendment has passed in the Mexican Senate, the State Congresses have approved it. An amendment to the Law of Foreign Ownership would still be needed”, added Troncoso. read more »

Huge Dolphin Pod at Calafia Condos – Baja Real Estate Group

 

Calafia Condos Resort & Villas. The area sits on a privileged location that is a window to an assortment of marine wild life, from sea lions, seals, seagulls to dolphins, whales and even orcas.


This video is a common sight for the residents at Calafia Condos, a pod of a couple of hundred or so of long-beaked dolphins working together in a coordinated hunting dance to encircle fish that ends up in a spectacular feast where even the seagulls and pelicans join in.

Enjoy the video.


For more information on Calafia Condos and Baja real estate please visit http://www.bajarealestategroup.net

Mexico Tops List of Favorite Boomer Top 5 Vacation Spots

               Mexico Tops List of Favorite Boomer Top 5 Vacation Spots
By Megan Ray on August 8, 2013

Many older adults use retirement to visit certain countries they may not have had the chance to explore while they were working. While there are no bad choices when it comes to traveling during senior living, a recent survey from WatchBoom revealed the most popular destinations among baby boomers.

Mexico Tops List of Favorite Boomer Top 5 Vacation Spots

Mexico Tops List of Favorite Boomer Top 5 Vacation Spots

Mexico came in as the top spot, as it earned more than 1,100 votes from the surveyed boomers. Its popularity among the older population should not come as much of a surprise, according to The Huffington Post. For starters, it’s teeming with activity and is famous for having beautiful weather. It’s also affordable and easy to get to. A little further south, Costa Rica landed at the No. 4 spot

“Costa Rica doesn’t have the preponderance of all-inclusives, [but] it’s still a fantastic destination because of all the natural beauty,” Nina Meyer of the American Society of Travel Agents, told the news source. “The dollar value is still very good, [and it has] easy access.

Tropical destinations weren’t the only places to make the cut. Canada came in at No. 5, while Spain landed at No. 3, thanks in large part to how easy it is to get around while still speaking English.

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Look for homes for sale in Baja.

 

Casa Piedra: Luxury Mexico Real Estate in Rosarito Beach

Casa Piedra in the privacy of the oceanfront community of Las Gaviotas

Nestled along the Baja Coast, a mere 1 hour from downtown San Diego, is the exclusive oceanfront hamlet of Las Gaviotas in Rosarito Beach. For over thirty years this Baja community has set the standard for coastal living in the Northern Baja corridor. A secure community with exemplary amenities, Las Gaviotas is home to the most esteemed estates on the Baja Coast.

Casa Piedra represents the pinnacle of this oceanfront village. Located on the prestigious south end of the community this property, built to exacting standards in 2002 by famed architect Roberto Moreno, is being offered for the first time to the discerning buyer.
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Mexico, to attract U.S. retirees, may ease limits on landownership

By Tim Johnson
McClatchy Foreign Staff

For the first time in nearly a century, lawmakers are moving to allow non-Mexicans to buy coastal real estate and hold the deeds to it, without having to set up bank trusts or find silent Mexican partners.

Ocean Front Real Estate in Mexico

Ocean Front Real Estate in Mexico

Proponents of the change say it pushes Mexico toward the modern era, and is a sign of ebbing nationalism under President Enrique Pena Nieto. They say it will help Mexico compete with Southern U.S. states and tropical Central America for U.S. retirees seeking spots in the sun and by the sea.

The proposed amendment to the Mexican Constitution sailed through the Chamber of Deputies on a 356-119 vote April 23, and is now before the Senate.

But opponents are still rallying, charging in a petition campaign that the change may condemn Mexicans to saying goodbye to ocean views.

“If just one of every 20 U.S. millionaires buys a house with 22 meters (72 feet) of beachfront, no Mexican will see the sea again,” the petition drive says, drawing on the nation’s historic allergy to foreign ownership of its resources.

The allergy has its roots in land grabs in the 19th and 20th centuries. After the 1917 Mexican revolution, legislators who drafted the nation’s constitution, fearing a new invasion by land or sea, barred foreigners from owning land within 31 miles of the coast or 62 miles of any border. Those strips of territory became known as the restricted zones. read more »