Felipe, Baja, Mexico has paid its dues to a fraternity whose voice galloped around the world until its momentum was poleaxed by the Great Recession of '08. There is still property for sale, but its is more in line with
flopping homes, rather than flipping them. The financial crises, despite President's Calderon's valient efforts, has affected Mexico even more than the USA. The year 2013 began with optimism and economic growth, but then the PRI's dramatic reforms were proposed and the fiscal landscape took a downswing. The new Value Added Tax reined in the construction industry's slow progress and by the close of 2013, analysts and various business sectors were doubtful about 2014's prognosis. But that may be a good thing.
Recessionary periods offer real estate bargains. Prices have dropped dramatically and offer exceptional
opportunities and value for affordable rental, vacation or retirement investments. Whether you are interested in land development,
building condominiums or hotels, looking for investment
property or you want to live here permanently or part-time
and take a lease
owning property in San Felipe may be the answer to any
one of the following questions.
- Looking for a warm place to spend those snowy winter
- Want a change of pace for your retirement years?
- Feeling the need to settle into a custom-designed
home with view of the Sea of Cortez but can't afford
water-view prices in your area?
- Tired of the rain and want a place with a near year-round
sunny climate and sandy beaches?
- Looking for a wise investment in the real
Felipe is located in northern Baja, Mexico, just a few
hours south of the Mexicali border. Hosting a variety
of activities that range from sport fishing to desert
excursions, the area is fast-becoming a tourist mecca.
Geologically the area is spectacular. Beautiful
beaches, desert floor and a 10,000 foot high mountain
range surround the town. San Felipe is located in one
of the two sunniest places on the planet (the west coast
of Chile is the other). It is often possible to sit on
your deck and enjoy a view of snow-capped mountains while
you sip a cool drink in 80 degree temperatures.
In this regard, San Felipe is one of only
a few places that offers such diverse natural features
in a single setting. Add to this the ammenities of a fast-developing
resort town and you have a near perfect environment for
retirement or vacationing.
Fondo Nacional de Fomento Al
Turismo (FONATUR) is a government agency
responsible for the development of tourism. Along with
the Secretary of Tourism (SECTUR), they have targeted
the Baja peninsula and the communities along the Sea of
Cortez for the development of the Escalera
Nautica, or Nautical Staircase. Their aim is to "promote
the accelerated growth of nautical tourism"
in the region. This means new resort facilities, including
better coastal roads and modern marinas.
For thousands of tourists every year, San
Felipe is the gateway to the Sea of Cortez. Each season,
the visiting traffic increases. Recently the Mexican government
has pledged to put millions of dollars into the development
of San Felipe's infrastructure, including the airport,
marina, a four lane highway from the U.S., and fiber optic
telecommunications. These improvements will obviousy make
it more attractive for tourists and for local tourist-related
businesses. More hotels, stores, recreational facilities
and services are coming to San Felipe. The value and exclusivity
of property in the San Felipe and outlying areas can only
increase. Whether it's a commercial or residential interest,
Blueroadrunner can be of help in finding the property
that best suits your needs and goals. And remember, when
involving yourself in any real estate deal in Mexico,
a notary should be consulted.
Also, when contracting for house construction, be aware
of Mexican Labor Laws.
If you decide to deal with online companies
for your sales, rentals, timeshares, etc, take a minute
to check with the Better
Business Bureau's URL search tool. Just put the company's
internet address in the URL window at the top of the page.