Baja in Mexico is enjoying something of a real estate explosion with baby boomers from America and Canada drawn to both Baja California and Baja California Sur North and South by the property prices, the climate, the cost of living and by the fact that Baja is just so close to home.

Lying just south and in easy driving distance of San Diego and even Los Angeles, the entire Baja region of Mexico has become a second home paradise for North Americans and a retirement destination for a growing number of international baby boomers seeking a sunny and affordable escape.  The surge in interest in Baja is being fuelled by the fact that a number of US companies are now offering mortgages on Mexican property as well as title insurance.

Gone are the days when it was considered such a risky undertaking to commit to a market where the government seldom ruled in favor of a foreign buyer.  Nowadays the process for purchasing land and real estate in Mexico is not only much simpler, but buyers are afforded greater protection by the involvement of US based title insurance companies and by the fact that they can acquire land through an entity known as a fideicomiso which is a Mexican bank trust.

There are more property financing alternatives available to those interested in investment real estate in Mexico today than at any other time before, which is also fuelling the fire in Baja.  One US based mortgage lender, C.S. Financial which has offices in Puerto Vallarta and La Paz already, are just about to open a branch in northern Baja because the level of interest in real estate for sale in the region among US buyers is just so intense.

Currently there is such rapid growth being experienced in real estate development all along the stunning Baja California peninsula that property investors, second homers and retirees have a wealth of off plan real estate to choose from.

One word of caution - as is the case in many emerging property markets, those who sell off plan real estate in Mexico often use a buyer’s down payment to fund the build of their chosen property and this can potentially create problems for a purchaser if the developer in question goes bankrupt during the build process.  As a result of this fact many realtors and lawyers operating in Mexico on behalf of their foreign clients advise they check that their chosen developer places down payments in an escrow account or has some form of construction bond to protect the purchaser.