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Ensenada Mexico Real Estate

Sharon asks…

Which real estate company is the most honest in Baja California, Mexico?

We’re thinking of moving to Mexico to retire.

Tijuana answers:

We just bought a house in Ensenada and are very happy with our Baja real estate agent. She works for Baja Relocation. They were great and gave us the first honest answers to our questions. We tried other agents and discovered that they were less than honest. They tried to sell us property without title and told us many untruths. You can find Baja Relocation at www.baja-relocation.com Good luck!
Frank

Charles asks…

What are some economic facts about Baja California? (must tell how people in Baja California earn their living?

Tijuana answers:

The Baja California peninsula is made up of two Mexican states, Baja California and Baja California Sur. In Baja California the cities of Mexicali, Tijuana and Ensenada have manufacturing. Following NAFTA a variety of maquiladoras sprung up in Baja making everything from tennis shoes to televisions. With the opening of the Chinese markets in the late 90’s many of these manufacturers moved to cheaper labor and less stringent environmental restrictions. Tourism to border cities and real estate sales in the northern state of Baja California have also suffered over the last few years, first by increased border waits following 9/11 and then by a rash of drug Cartel violence in 2007 and 2008. Wikipedia states GDP of Baja California at about 23billion.

Agriculture is a significant part of the economy in both Baja California and Baja Sur. Large scale modern farming techniques are used in what is referred to as ‘the Valley’ near Cd Constitucion. Large scale green house farming can be found from Ensenada to San Quentin, Vizcaino and Todos Santos, wine is produced along the coastal areas near Ensenada.

Tourism makes up a significant portion of the economy in Baja California Sur. Resort real estate was exploding through 2008, when the banking crisis put the breaks on foreign loans. Los Cabos offers luxury resorts and a wide variety of travel adventures. Tourism in La Paz is just developing with a focus on eco-travel in the Sea of Cortez. Loreto is another focus of local development investment by the government.

Fishing, pearling and shrimping were at all one time important aspects of the economy on both sides of the peninsula. Over use of all these aspects has ended or severely contracted these industries. Tuna processing facilities were once located on both coasts of the peninsula. All are now closed. Shrimping has been banned from the western side of the Sea for the next few years as the species tries to recover. Pearl oysters were fished to extinction in the late 1940’s.

Silver was one a major export from the peninsula. El Triunfo, in the mountains of Baja Sur was once the largest city on the peninsula. Large scale commercial mining of silver ended in the early 1950’s but with the increased price of precious metals some of these mines have been reopened under smaller operations.

La Paz, Baja California Sur is one of the richest per capita cities in Mexico. (this INEGI stat does not include wealthy foreign property holders in resort cities. Baja California Sur has one of the lowest GDP’s of any Mexican state with between $4 to $5 billion annually. Agriculture is its main export.

Nearly all of the electricity in Baja is produced by petroleum based thermoelectric generation and nearly all fuel is imported from the mainland or the US. Nearly all the peninsula’s population has electricity, with the exception of very rural pueblos. All children have access to free education through primary school.

Tijuana is the largest city on the peninsula with a population of about 1.4 million. Mexicali is the capital of Baja California. Ensenada is the major port with construction scheduled for a major port in Punta Colnet over the next decade. La Paz is the largest city in Baja California Sur with a population of about 350,000. Major chain store shopping is available in Tijuana, Mexicali, Ensenada La Paz and Los Cabos. Los Cabos refers to the combined tourist region of Cabo San Lucas and San Jose del Cabo.

International flights are available to Tijuana, La Paz and San Jose del Cabo.

David asks…

Baja Mexico property from Southern California?

Does anyone from So-Cal own an investment property in Baja Mexico? (Rosarito, Ensenada, Puerto Nuevo, etc…)???

If so, how easy was the process of pruchasing it?

Aside from the times you use it, have you had success keeping it rented out to others? Any real estate companies to use?

Is it providing a good return?

Tijuana answers:

You need to make a trip, talk to realtors, read a book, visit some Baja message boards … And keep searching the internet.

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