Calafia Condos: One of the developments that never stopped construction
With the collapse of the money markets on both sides of the border, it had become almost impossible –or so it seamed- for Baja developers to finish their projects.
Finding investors or financing for the final completion of their development seemed impossible. The financial situation in the U.S. did not make matters any better. Potential buyers stopped investing in Mexico because of the economy. Current buyers began to doubt the developers’ ability to complete their development. In the last few days –and weeks- however, we have seen a change.
Could it be the end of the bad times for the region? Here are some clues: read more »
