Tag Archives: buying in mexico

Mexico Real Estate Seminar at NAOS Living – Hosted by Baja Real Estate Group

November 25, 2011

 

NAOS Living and The Baja Real Estate Group hosted a seminar on Mexico real estate in the luxurious NAOS showroom in Rosarito Beach.

Speakers included Juan Pablo Arroyuelo, CEO from Fidelity National Title De Mexico, Lucia Treviño, Escrow Director, also from Fidelity, and Eduardo Rosales, current AMPI Rosarito President.

Attendees included local realtors as well as realtors from AMPI Ensenada. American realtors who where interested in the Seminar where also present and reserved a seat with several days in advance.

The panel addressed several topics and issues concerning real estate practices in Mexico. From the restricted Mexican Federal Zone to contracts and ethics. The seminar ended with an interactive question and answer segment.

The Baja Real Estate Group would like to thank everyone who attended this seminar, the speakers, Central de Arquitectura and to all the people who made this event possible.

For pictures of this event visit http://www.naosliving.com/
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http://www.bajarealestategroup.net (less info)

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Retire to Mexico — the price is right

April 28, 2010

By Les Christie, staff writerApril 28, 2010: 10:48 AM ET

Retire to Mexico -- the price is right

Retire to Mexico -- the price is right

NEW YORK (CNNMoney.com) — The years-long trend of Americans buying homes and expatriating to Mexico has collapsed, done in by a trifecta of the recession, swine flu and an epic crime wave.

Sales volume plunged nearly 70% last year for Coldwell Banker, according Phillip Hendrix, director of the firm’s Mexican operations. And at Costa Baja, a residential resort development a few miles north of La Paz, sales have slowed by about 40% in the past 12 months.

“Sales are off like crazy. The recession is really hurting and the headlines have been driving people away. The narco-wars especially have bit into the housing market in Mexico,” said Tom Kelly, a follower of Mexican real estate trends and author of Cashing In on a Second Home in Mexico.

But that’s good news for Americans who have always dreamed of retiring to Mexico but could never afford it: The bust has made homebuying a bargain. Prices can be less than half of what an equivalent home would run in the U.S.

Although the crime wave is confined to a fairly limited area, the perception of it has hurt markets all over the nation, said Alejandro Yberri, CEO of Costa Baja.

Information on prices of homes being sold to expatriate Americans is sketchy, but Kelly estimates overall declines of between 20% and 30% since the peak. In the high-crime communities close to the U.S. border, the drop has been even steeper, perhaps 40% or more. read more »

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