Current Retirees, Baby Boomer's, and International Investors the market in Puerto Penasco is ripe for buyers. Prices have adjusted and the market is prime with an abundance of affordable condominium projects, beach front lots, and coastal homes. Home and condo prices have stabilized after the adjustments in mid 2007 and now buyers from Canada, Europe, Mexico, and the United States are coming in and purchasing their retirement homes and rental investment properties before the prices start rising up again. Four factors attribute to this influx of new capitol investment.

First: Prices have adjusted and investing in Mexico's fastest growing city has become affordable again. During the real estate boom of 2004 to 2006 our city was crawling with buyers and the developers kept raising prices up to the point where the real estate market was slowing itself down solely upon the fact that people just could not afford to buy a second home or retirement home unless they could acquire outside financing. In those times the financing was not advantageous for most buyers and there was not many choices when seeking a quality lender at an attractive rate. Time and a strong dose of reality have changed those barriers to entry. The market has seen its adjustment and then stabilized and finally the quality of financing options has greatly improved.

Second: Health care in Puerto Penasco has improved with the addition of a new city hospital and also an American style medical center complete with cardiac equipment and a CT scan. Also, insurance policies such as Med Jet and personal health insurance has now become readily available. Being 65 miles from the United States border is also a major benefit when time is critical.

Third: Air Travel is now an option in Puerto Penasco. The city now has two airports with the addition of the Puerto Penasco International airport opening up later this year to service international flights through Aero Mexico and other large name carriers. The original airport in Puerto Penasco has been completely remodeled and the runways have been extended to accommodate the heavy use of private aircraft, personal jets, and small commercial carriers. Aero Mexico now has three flights a week too and from Los Angeles, California and multiple flights providing service within Mexico. Driving to Puerto Penasco is now an option, not a necessity.

Fourth: Market Maturity is the final factor attributing to our tremendous growth in retirement living and rental investment. The word is out about our personal slice of paradise and it is spreading across the globe. Canadians, Americans, and Europeans are looking to spend their hard earned retirement money where the weather is warm, the food is incredible, the drinks are ice cold, the cost of living is great, and professional medical services are within reach.

In the past retirees flocked mostly to central Mexico, but now the Mexico Lifestyle is now available just 65 miles south of the Arizona border. That means you can get all the benefits of coastal Mexico living and still be able to get in the car and make a run for Costco when the urge arises. If you have questions about living in Mexico please call or email me. I look forward to getting to know you personally and hopefully making you my new neighbor.

Best regards,

Elyse Jones, Professional Licensed Agent 

Casa Fina Real Estate

USA Tel. 1-602-412-3676 Mex. 011-52-1-638-105-6599

Email: RockyPointWow@yahoo.com

Mexico - See it, Love it, Live it! ® Casa fina Real Estate, 2007