Deciding to invest in a foreign real estate market can be a scary decision when the construction projects is finished and even when they are turn key ready, a lot of uncertainty and doubts arise when it comes to purchasing real estate outside of your home country; this uneasiness only increases when there is partial or no actual construction assuring the investor of their purchase.
Rosarito Real Estate – Two Developments with Construction Well Under Way
Costal Baja has long been a preferred choice of retirement, relocation or vacation for Americans who want the lower cost beach front living experience, and the closeness to the US. This brought a growing number of real estate developers to Northern Baja, and construction of resort communities designed for expatriates were being developed all along the coast.
Since the slowdown of the real estate market in the US, several construction projects in Baja slowed down or completely stopped in the past year; as a result of this some of developers refunded the investment partially or completely, others transferred the property to another development, but still a number of investors were left with out money and property. continue reading…
