Originally Posted on Saturday, October 14, 2006
Bloomberg News reported today on the building boom in Baja that is coming as a result of the governments decision in 1994 to relax rules on foreign investment. Since 1994 momentum has been gaining and now there are big name developers such as Donald Trump, David Butterfield and John Fair that are working on projects in the area.
One of the biggest reasons U.S. investors are becoming more active in the Baja market is that more and more U.S. companies are offering escrow services and title insurance, significantly reducing the risk that the buyer will assume. This is important because in the past residents were even told to leave their homes because the land that they were on actually belonged to someone else. It appears that these complications have been alleviated by the steady influx of the U.S. Dollar over the past several years and this looks to be a gold mine waiting to happen.
Now is the time to get in, we currently are researching all of Mexico extensively for our new site PreconstructioninMexico.com that will launch in the next few months and we are taking a very close look at the projects in Baja so that we can give you the best information possible.
Below a map of Baja:
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