New homes in Mexico – Whales prove useful sales pitch

calafia condos resort and villas

New homes in a unique condo development just south of the US border in Mexico is on sale in a third tower of condos and villas.

Calafia Resort and Villas is a plush homes and tourist development on Baja California’s Northern Coast, which has proved popular with American and Canadian expatriates.

The development sold out a first and second tower of homes and is now selling property in a third tower which is still under construction.

The scheme is also attracting extra interest from potential new residents after marine researchers reported high numbers of whales along the nearby coast.

Owners with sea views in the development can even see the animals from their newly-purchased homes.

Calafia said: “With home prices in Baja California still reasonable and financing now available, thousands of Americans and Canadians today enjoy the luxury of whale watching from their living-room balconies.”

Condominium homes are available from $298,000 for a two-bedroom ocean front property to $650,000 for a 15th-floor penthouse.

New homes in Mexico can be owned by foreigners through a range of methods, including the possibility of a bank trust or fideicomiso, with the bank serving as legal title holder and trustee.

Mexican property continues to be popular with American and Canadian buyers thanks to tax bonuses and property taxes starting as low as $120 a year.

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  2. Massive new real estate project for Mexican Caribbean
  3. Developer unveils off plan sales of Italian Riveira villas
  4. Developer’s detached new homes for sale prove popular in UK
  5. Property investment – Philippines could prove a hit in 2009

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