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Sales under way on Tower III at Calafia Condos

Sales under way on Tower III at Calafia Condos

Sales under way on Tower III at Calafia Condos

The first two towers of Calafia Condos Resort and Villas are sold out and sales on the third tower, which is still under construction, are already being booked in advanced.   The second tower sold out in less than a year.  Tower III is currently 20 percent sold.

Mexico’s tropical weather, lifestyle rich in culture, strong currency, tax benefits and property taxes starting as low as $120 a year, added with the minimal cost of living, continue to draw American and Canadian retirees and vacation lovers south, according to Kathy Katz of Prudential California Realty’s Northern Baja Division.

“In addition, Calafia Condos recently gained an advantage over competing builders in the Baja California area by a savvy move made over a year ago,” Katz pointed out.  “Constructora Gor, the builder, purchased a vast amount of steel for its Tower III over a year ago when prices were significantly lower and is now able to pass on these lower prices to the home buyer. Read the rest of this entry »

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Can In-House Financing Help Trigger the Next Baja Real Estate Boom?

Financing in Mexico

Financing in Mexico

With a slow housing market trending the real estate world and economic uncertainty glooming over millions, Baja real estate developers may yet attract buyers with purchasing plans very much within their affordable grasp.

The number of housing and condo developments in the Baja California coast increased significantly in these past years; as a result of the boom in constructions and the current market conditions opportunities are arising for the knowledgeable investor who can expect a significant return on the investment after the market has recovered, or the American retiree considering moving to México .

Baja California has been attracting retirees for decades with its perfect weather, affordable beachfront housing and accessibility to U.S. services; in response to this the medical infrastructure has been updated with state-of-the-art hospitals covered by some US insurance companies; assisted living services have been created which combined with the continually increasing purchasing power of the dollar against the Mexican peso, have given these retirees not only a secure economic future but an upgrade on their lifestyle as well while extending their income by 3 years per each 10 of retirement funds. Read the rest of this entry »

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