Hello. I'm Max Katz Broker / Owner of the Baja Real Estate Group and
today I will share with you a our snapshot of the real estate market in
Baja for 2011 and a few of our goals for 2012.
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Spanish investors from the Investment Corporation known as Inveravante, pitched their projects to Mayor Enrique Pelayo Torres, the current Ensenada Mayor, who promised his support if all the requirements are met.
 ENSENADA, B.C. Spanish investors are planning the construction of a mega-development for tourists in the grounds near Percebu Lagoon, in the northeast cost of Ensenada in waters from the High Gulf of California, just a few miles south of San Felipe.
The development project includes the construction of a hotel, a residential zone and a golf course, within an area of about 2,470 acres.
Manuel Rodríguez Gonzalez, spokesman for Inveravante, the company that is promoting the project, had a recent meeting with Ensenada’s Major Enrique Pelayo Torres and his peers for the presentation of the project.
Rodriguez Gonzalez explained that due to the beauty of the area and warm weather there is plenty of interest from Spain for that place and pointed out that the intention is to build it minimizing any environmental impact. He said that they’re currently in a pre-project phase and if they were to acquire all the permits for the authorities and meet all requirements and due diligences established by the Mexican authorities, they will proceed to direct inversion.
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How to buy Mexican real estate using Bank trust, "Fideicomiso" Mexico Real Estate is always in high demand especially among American citizens. There are some laws that any foreigner interested in buying Real Estate in Mexico should be familiar with. Under Mexican law, foreigners may obtain direct Ownership of Mexican property in the interior of Mexico; however foreigners cannot acquire direct ownership of residential property within the area 100 kilometers from the border and 50 kilometers from the coastline. This zone in Mexico is known as the "Restricted Zone". But there is an another safe and completely legal way to purchase and enjoy Mexican property in the restricted zone through a Bank Trust or "Fideicomiso" which has been authorized by the Government of Mexico. Fideicomiso and is the legal equivalent of deeded ownership (commonly referred to in the U.S. as fee simple)
Earlier, foreigners were barred from owning Property in Mexico but with the passing of the North American Free Trade Agreement beginning in January 1, 1994, the Foreign Investment Act of 1993 was passed by the Mexican congress to promote foreign investment into Mexico. This law allowed foreigners to own 100% of the shares of a corporation and purchase property. As a foreigner, you can acquire irrevocable and absolute ownership rights to Mexico Real Estate through a Bank Trust which can be renewed every 50 years without restriction, perpetually and is irrevocable. The rights to the Bank Trust can be transferred to a third party as well. This enabled foreigners, as beneficiaries of the trusts, to legally enjoy unrestricted use of land located in the restricted area.
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The new year has not only brought a renewed sense of optimism to those of us in Baja but real estate agents on both sides of the border are beginning to feel the real estate market come alive once again. Several U.S. agents have been reporting an increase in sales since the first of the year. In fact, Teri Garcia with Real Living Lifestyles in Rancho Bernardo says her phone is practically ringing off the hook.
 "It's a great time in real estate," said Teri Garcia, a top-producing Realtor in San Diego County. "You know the market is picking up when most of the homes your buyers are interested in have multiple offers. We are also seeing more equity sellers as the baby boomers are starting to downsize."
Another Realtor from the Irvine area in California’s Orange County, Debbie Sagorin, reported receiving three offers on a house before she even held a broker preview, the customary first step in marketing a home for sale.
Baby boomers that once had large families are now becoming empty-nesters
and this is driving home sales once again. These homeowners are
starting to downsize and are looking to Mexico as the perfect place to
enjoy all that life has to offer.
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Priceless Views unlike any other on all of North Americas West Coast.
Larry French from the Baja Real Estate Group takes us on an open house tour of unit 802 Punta Marena in the luxurious privacy of Club Marena.
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Baja Real Estate
