Baja Real Estate News - Issue #4, September 2005

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Welcome to the fourth edition of our newsletter, Baja Real Estate News...

... sent to you by Roger Marius of BajaMex Realty in Cabo San Lucas. If you do not wish to receive further issues, you may unsubscribe using the link at the bottom of this page.

And now, the latest news briefs in Baja Real Estate News:

Mortgages now available to buyers of Baja California Real Estate

Thanks to the new mortgage companies coming to Mexico, American and Canadian buyers
can now apply for loans when buying real estate in the Baja California. Four U.S. mortgage firms are now offering loans of up to 70 percent of the appraised trust value of a property for terms up to 15 years. Interest rates are between two and three percent above the prevailing U.S. rate, and the trust itself can serve as collateral.

Smart & Final opening stores in La Paz, Cabo San Lucas & San Jose del Cabo

Smart & Final, the U.S. chain store which includes 235 stores, will be opening outlets in La Paz, Cabo San Lucas and San Jose del Cabo next year. Smart & Final’s Vice President Donald Alvarado announced the chain’s plans during a recent meeting with Gov. Narciso Agundez.

Cabo's Hacienda Hotel to be replaced with luxury condos

Cabo’s landmark Hacienda Hotel on Medano Beach will be demolished and replaced with a condominium development. Developer Don Koll says the project will include 250 full-ownership condos in four buildings.

New time share resort under construction in Los Cabos

A new time share resort dubbed the Hacienda Encantada Resort & Spa is under construction within the Punta Ballena development of Los Cabos. Plans include 350 suites, restaurants and a health spa. Developers are owners of the Marina Fiesta Resort & Spa.

10,000 new homes for Cabo's workers

A new housing development, the Ciudad del Sol (City of the Sun), is due to begin construction this month. The $300 million development will include 10,000 new homes for workers in Cabo San Lucas.

Time share sales boost Cabo economy by $850 million yearly

An estimated $850 million is earned annually in Cabo San Lucas through sales of time shares, reports the Los Cabos Time Share Association. Cabo currently has 23 hotels currently selling time shares -- that's 45 percent of the area's hotels. Some 10,000 people are employed by Cabo's time share operations.

Here are some of our hot listings

If you're looking for something in particular, you can complete our Investment Search Form on our web site, and we'll start working to find your desired type of investment real estate.

New Listing!
Corner Lot for 8 houses or townhomes located at the entrance to Rancho Paraiso. 4,500 square meters (1.1 acres). Water and electricity close by. Great location for 8 houses or townhomes. Priced at $450,000 USD. For details, contact us!

New Listing!
Commercial Lot in Cabo San Lucas: 4,900 square meters (1.23 acres) with paved road, water and electricity in front of the property. Short distance from Highway 1. Close to Cabo San Lucas Country Club and next door to a new hotel. Seller is open to a trade or a joint venture. Offered at $490,000 USD. For details, contact us!

New Listing!
Highway frontage at the entrance to the new Cabo Entertainment Center: 6,029 square meters (1.5 acres) with commercial zoning and 85 parking spaces. Water and electricity are available. Seller is giving a 25 percent discount on this parcel until October 26, 2005. Asking price with discount is $1.356 million USD ($1.8 million regular price). Other commercial parcels available for hotel, shopping center and retail. For details, contact us!

We are proud to be one of the only real estate firms in Cabo San Lucas specializing in real estate services for international investors. Our web site at www.bajamexrealty.com contains a great deal of helpful information about buying property in Mexico. We hope you'll visit our site and contact us with any specific questions or needs.

Thanks,

Roger Marius
Broker/Owner
BajaMex Realty

Our Services | Hot Listings | Investment Search | Our Team | Frequent Questions | Library | Contact Us | Main Page

BajaMex Realty
Plaza San Basilio • 16 de Septiembre y Revolución • Suite 25
Cabo San Lucas • Baja California Sur • CP 23410 • Mexico
Toll Free from the U.S. & Canada: 1-877-749-5724
Mexico Phone: 011-52-624-143-3748 • U.S. Phone: 916-679-4154
E-mail: info@bajamexrealty.com