Along its two coasts –one facing the Pacific Ocean, and the other facing the Sea of Cortes- and inland... there are several upcoming developments.
This vast region is becoming irresistible property market.
Advantages
I am NOT an Ensenada real estate professional, but after living in this area for more than 20 years I got some general idea of why the Ensenada realty boom is happening.
Miles and miles of capricious rocky coastline festooned with beautiful, virginal beaches and impressive cliffs.
The countryside has an endless variety of undeveloped, peaceful locations. For example Valle de Guadalupe is becoming a desirable area due to the increasing popularity of its local wine industry.
Real estate information to hold Ensenada property by a foreign individual.
1.- Mexican Bank Trust. You may own property within the Restricted Zone or Prohibited Zone, through a fiduciary trust with help of a Bank Trust.
2.- Land Lease. Since a land lease for a period of more than 10 years is illegal, it is advisable to limit it to 9 years and 11 months and get a new 9-11 period at its end, and so on…
3.- Federal Zone. You may use Federal Zone land –which covers 20 meters from the highest tide line- only under a concession granted by the Federal Government. Concessions are temporary and renewable.
Fees vary accordingly with the size of the federal zone used and other minor factors.
