Baja Oceanfront Expo Sales Projected at $200 Million.ROSARITO BEACH, Mexico -- Between $120- and $200-million(US) in sales are projected from three expositions and a panel discussion this year in Mexico and the U.S. for people seeking property near the ocean in Baja, California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . The series is tied to the boom in which thousands of Americans are buying homes and property along Baja's western Gold Coast from Tijuana to Ensenada at a fraction of U.S. prices. Thousands of units are under construction. The series is sponsored by Baja California's Secretary of Tourism and the city of Rosarito Beach. The first in the "Investing in Baja's Oceanfront o·cean·front n. Land bordering an ocean: Condominiums crowd the oceanfront. Noun 1. oceanfront - land bordering an ocean 2006: Upgrading Success" series will be May 19, 20 and 21 at the Rosarito Beach Hotel & Spa. It is open to the public and reservations are available for booth space. Exposition exposition or exhibition, term frequently applied to an organized public fair or display of industrial and artistic productions, designed usually to promote trade and to reflect cultural progress. hours are 9-6 on Friday and Saturday and 9-5 on Sunday Sunday: see Sabbath; week. . Additional information is available at www.bajasoceanfront.com On July 13 a panel discussion will be held at the Los Angeles Chamber of Commerce The Los Angeles Chamber of Commerce is southern California's largest not-for-profit business federation, representing over 1,500 businesses. Mission "By being the voice of business, helping its members grow and promoting collaboration, the Los Angeles Area Chamber of , Other expositions are July 15 and 16 in Irvine and a major exposition Oct. 6, 7 and 8 at the Rosarito Beach Hotel. The series will feature developers as well as experts on buying property in Baja. It follows the success of last year's inaugural event in October at the Rosarito Beach Hotel & Spa, at which more than $35 million (U.S.) in property was purchased. "Those of us who have lived here for many years understand the attractiveness and value of land in this area," said Hugo Torres, one of the event organizers and the first mayor of Rosarito. "But even we have been amazed a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. at the recent pace of development." Americans in large numbers have been coming to Baja as tourists for decades, to surf or enjoy the Old World charm. Now, thousands are being attracted by real estate prices that can be 20 percent or less of comparable U.S. properties. Recent changes in Mexican real The real was a currency of Mexico, issued until 1897. There were 16 silver reales to 1 gold escudo, with 8 tlacos to the real. The peso, which circulated alongside the real and eventually replaced it, was equal to 8 reales. estate law, including revised bank trust provisions, have made purchasing property simple and secure. Title insurance has become available and property in Baja has been appreciating at about 30 percent per year. "We offer the same ocean and stunning views but at a fraction of U.S. prices," said Rafael Liceaga, an event organizer. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion