Baja - The hottest real estate market in Mexico ?

Baja is not very much like just any other real estate market ... it is white hot ! This breathtakingly beautiful place, home to some of the planet's most beautiful deserts, hundreds of miles of gorgeous, sun kissed beaches, pine forests and semi tropical regions has now added another distinction - it is now one of the hottest real estate markets as well.

Real estate prices in Baja have been rising owing to the massive numbers of people who are looking to buy beach homes and condos. Baja has now become one of the top retirement destinations.

If you are interested in buying property in Baja, Mexico, then you may need to know a few details that only a few experts know about buying property in Mexico. One highly recommended book on the subject is 'Cashing In On A Second Home in Mexico' by Tom Kelly and Mitch Creekmore.

The following article discusses how the real estate market in Baja has grown over the past few years.

Eastcape in Baja has Become Hottest Real Estate Market in all of Mexico

by Jeff Niemi, Kimberly Ford

Coldwell Banker in Southern Baja recently posted the top quarterly sales for real estate in Mexico.

(PRWEB) June 11, 2005 -- The Eastcape is on fire. Up until August of 2004 the area know as the Eastcape of Baja which begins 12 miles North of San Jose Del Cabo extending North of Los Barriles to Punta Pescadera, had witnessed moderate real estate activity. Jeff Niemi and Kimberly Ford who opererate the Coldwell Banker office in Los Barriles have seen sales quadropule over the last year, with beach front property seeing appreciation rates of over 35%. View lots which have seen little appreciation over the last five years have gone up over 20% this last year. New dyanmics in the buyers have fueled the market as baby boomers now comprise 70% of property buyers which had been predominately dominated by retirees. As a result, there is a shortage of quality homes for resale along the Eastcape, while beach front properties in the more remote areas are quickly beeing purchased as the amount of availabel beach front on the Eastcape of Baja deminishes. There are still affordable beachfront lots starting at $150,000 however these are furhter from the main towns. Buidling costs remain on the average of $100/sqft which provide many investors and vactioners a chance to have a new home on the beach for under $450,000. These prices are similar to Cabo San Lucas eight years ago. For further information on investing in Baja visit www.coastofbaja.com or Contact Coldwell Banker in Los Barriles 858 427 5273.