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Baja Real Estate News - Issue #6, November 2005 |
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Welcome to the sixth edition of our newsletter, Baja Real Estate News... Every month, we hear of new developments planned for the Los Cabos area, which tells us that the Cabo San Lucas Real Estate market continues to grow and expand. We do not see an end in sight for this new development, as Cabo still has a long way to go before it reaches the level of a major tourist destination like Cancun on the Yucatan Peninsula. The investment in southern Baja is unparalleled, and any investors or groups considering projects in the area should move quickly as real estate prices also are increasing rapidly! If you would like to discuss Baja investment opportunities, please call us! We've just added a London area phone number for our European clients -- 207-993-4587. Our toll-free number (from the U.S. and Canada) is 1-877-749-5724. We would be happy to help you find an appropriate investment here. And now, the latest news briefs in Baja Real Estate News: Five new airline routes planned between U.S. and MexicoFive new airline routes are planned between Chicago, Los Angeles and Mexico under a new bilateral agreement between the U.S. and Mexico. The Mexican government is reviewing applications for the flights, which with destinations of Cabo San Lucas, Puerto Vallarta and Cancun. Minimall planned with open air theatreDevelopers have applied for building permits to construct a small mall on the highway between Cabo and San Jose del Cabo. The development will include several stores, restaurants and an open-air theatre. Mexico's Tourism profits estimated at $12 billion this yearA report released by the Mexican government says tourism accounts for about eight percent of Mexico’s Gross Domestic Product. According to Pres. Vicente Fox, income from tourism rose 8.6 percent last year, which was more than twice the growth rate of the Mexican economy. The report also says tourism will be up again this year, and that by the end of the year, Mexico will have realized some $12 billion in profits from 24 million visitors to the country’s tourist resorts. Highway expansion in progress between La Paz and CaboMexico’s Federal Government has already paid $6 million to the state of Baja California Sur for upgrading to four lanes the highway between La Paz, the state capital, and Cabo San Lucas. Work is expected to begin early next year. Loreto investment estimated at $2 billionMid and long-term investment to the Loreto area will exceed $2 billion according to Juan de la Pena, president of the local construction association. With that news, the pace of investment in the Loreto area is expected to pick up. More than 1.3 million tourists have visited Baja Sur this yearSome 1.376 million tourists have visited the state of Baja California Sur this year, according to the state’s tourism chief, Alberto Trevino. Cabo San Lucas leads the list of cities visited at 800,000 arrivals by plane or cruise ship. La Paz has had 147,000 visitors, and Loreto has had 22,815 visitors. Chinese-Mexican joint venture plans $1 billion resortChinamex, a joint venture between the Chinese government and Mexican investors, has planned a resort and business center north of Cabo San Lucas at Migriño. The $1 billion resort will include a housing development, hotel and golf course. 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. 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! 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!
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, |
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