Why are 100,000 US citizens moving to Mexico every year? And, why do more than 1,000,000 people from the US already own property in Mexico?
We are NOT talking about Juarez, Mexico (near El Paso, Texas), or Mexico City, where crime is rampant; we’re talking about ‘San Diego South,’ also known as Rosarito Beach, Baja, Mexico, only 20 minutes South of the US Border, where the livin’ is easy, the people are friendly and property values are reasonable.
Why have so many people moved to Baja, Mexico, in the last ten years? According to the 2010 reports from the International Community Foundation of the World Bank, here are the newly released trends regarding people moving to Baja, Mexico:
- Over half are under the age of 65 years. 72.6% are fully retired and 45% of Baby Boomers aged 50-66 are fully retired
- Over 60% have a college degree and 31% have a Masters or Doctoral Degree
- Nearly 70% have an annual income of over $25,000
- 70% spend less than $2,000 a month and 44% have monthly expenses of less than $1,000 per month.
- 70% indicated that health care was affordable and accessible in Mexico
Surveys report that people considering moving to Mexico want many of the same conveniences they have enjoyed in their home country without the drama of a ‘regular move’ by having to arrange for the installation of their own utility services, phone, cable and Internet connections. Many new buyers seek out condominium living which includes utilities, preinstalled telephone, cable, and Internet connections. Condos in Mexico are the perfect ‘turn key’ homes as an ideal solution for new expats moving South of the Border.
Rosarito Beach is the safest city in Northern Mexico and is enjoying the lowest crime rate in five years, mainly because Mayor Torres’ US trained multi-lingual Tourist Police are constantly on patrol and readily available to anyone (tourists or locals) by dialing 078 from any phone. Baja, Mexico, is doing everything it can to improve safety and increase tourism and encourage new residents.
There are already 14,000 expats living in Rosarito Beach who enjoy their lives in peace and
comfort. They live here because they feel safe! The local expat community is vibrant, active, well organized and very welcoming to new residents. Newly minted expats can easily meet the local English speaking community by joining well-publicized local ‘clubs’ of interest ranging from theater, golf, arts, library, civic work, sports, Rotary International, health focused, spiritual and religious groups.
The crown jewel in Baja for luxury condo living at an affordable price is located in Rosarito Beach. La Jolla Condominium Development sits on a beautiful stretch of white beach and is only five minutes from the downtown area of Rosarito Beach. This well-constructed condominium project was built by Desarrolladora de las Californias, S.A., de C.V., a reputable developer who has built 550 condominiums over the past two decades in Baja, Mexico.
La Jolla Condominium Development offers four towers of condos, villas and penthouses. Each floor plan offers 180-degree unobstructed views of the ocean from private balconies where residents enjoy regular sightings of dolphins and whales. The development provides an exclusive beach cove with private access, beautiful tropical landscaping, swimming pools, Jacuzzis, club houses and gyms, tennis court, private 24-hour manned security, and many other world-class amenities suited for the most discerning buyer.
Currently, the five featured units in La Jolla Condominium Development are:
1 – Unit 1503 – Penthouse – Tower II – La Jolla del Mar
This two-story, upgraded 15th floor, three bedroom/three bath unit offers 2,100 square feet of living space with incredible ocean views. The previous upgrades make this unit very desirable and include modified kitchen countertops and design upgrades to the kitchen doors with upper moldings on the enlarged kitchen cabinets. The three bedrooms have Travertine marble floors and marble edgings in the master bathrooms. The wall textures have been upgraded and the design of the spiral staircase railing has been customized to make it a unique feature.
2 – Unit 1103 – Tower II – La Jolla del Mar
This single-story two bedroom/two bath unit on the 11th floor features 1,317 square feet and offers a wonderful kitchen finished with stainless steel appliances. The granite countertops have been upgraded to a beautiful Juparana Bordeaux stone. This is the last “Esmeralda” floor plan available in this tower, and is one of the most desirable floor plans in La Jolla Condominium Development.
3 – Villa 4 – La Jolla Real
This two story, four bedroom/ three bath Villa has many upgrades to offer. This 2,100 square feet unit offers views of the ocean from both floors with both pool and beach access. It is set inside the development ‘La Jolla Real’ and is surrounded by tropical landscaping and walking trails. This beautifully spacious Villa is ideal for a family or would make an excellent rental income property.
This Villa was just added to the market and is the ‘best of the best.’
4 – Unit 803 – Tower Perla – La Jolla Real
This two bedroom/two bath Turquesa floor plan offers single-story comfort and is loaded with upgrades such as crown molding, granite island in the kitchen, Travertine marble floors in the bedrooms, Jacuzzi bath, domed-kitchen ceiling with inset lighting, and marble walls in master bathroom.
5 – Unit 1204 – Tower Perla – La Jolla Real
This single-story Rubi floor plan offers a three bedroom/three bath unit with 2,208 square feet. This popular model features both master bedrooms facing the ocean. The granite counter tops, solid wooden doors and cabinets, and the stainless steel appliances make this unit a chef’s delight. Hacienda or Contemporary finishes available.
Question: Who lives in the La Jolla Condominium Development?
Answer: 60% are Americans and the rest are Canadian, and others including Europeans, Asians, Australians and Mexicans.
Question: What financing arrangements are common among condo buyers?
Answer: With 25% to 30% down, most buyers take advantage of the NO qualifying developer financing. There are also peso loans available based on good credit. Some people refinance a property they own in the US for the down payment.
Question: How long does it take – average time – for a buyer to close and then move into their new condo?
Answer: It depends on the unit’s stage of completion at the end of the signing of the contract and any upgrades that were requested by the buyers. The average time is between 45 and 60 days.
Question: What are the reasons people buy a condo in the La Jolla Condominium Development?
Answer: The main reasons people buy in La Jolla are:
- The high quality construction
- Beachfront property
- Proximity to the US
- Reasonable cost of living and health care availability
This newly constructed condominium development will sell out soon, so come to Rosarito Beach for a tour of the beautiful La Jolla Condominium Development and stroll along our beaches (bring your pups because the condominium development’s beaches and trails are pet friendly) and enjoy our year-round mild climate and friendly people.
Call us today and book your time to come to Rosarito Beach, Baja, Mexico, for a tour of La Jolla Condominium Development. firstname.lastname@example.org 760-317-4788 or 800-906-0256.