Mexico has become one of the top destinations in the world, not only for travelers, but also for those looking to own or even rent property.
In fact, over the last decade, property prices have steadily risen thanks to an influx of foreigners, and those buying property for retirement, or for investment purposes. For example, according to Mexperience, “Popular places like southern Baja California, Puerto Vallarta, and the Riviera Maya are continuing to experience high demand as Americans look south for a beachfront property of the type that has become unaffordable in the US to all except the ultra-wealthy.”
In addition, investors and retirees are attracted to Mexico because the cost of ownership is far lower than it is in the U.S., in Europe, and in Canada. No wonder top international land investment and development firms are seeing considerable interest in properties in Mexico. Some of the top companies thriving on that demand are International Land Alliance, Inc. (OTCQB: ILAL), Howard Hughes Corp. (NYSE:HHC), Brookfield Property REIT (NASDAQ:BPYU), Zillow Group Inc. (NASDAQ:Z), Realogy Holdings Corp. (NASDAQ:RLGY).
International Land Alliance, Inc. announced that it has broken ground and started construction on Valle Divino, an eco-friendly development in Ensenada, Baja California, roughly 50 miles south of San Diego.
This community, which will feature 650 homesites, is part of a master planned residential community overlooking the internationally-renowned Bajamar Ocean Front Hotel and Golf Resort, as well as the Pacific Ocean. Valle Divino sits on the western edge of the Guadalupe Valley, Baja’s premier wine region with over 175 wineries. The Company recently completed a second “Test Vineyard” with 14 different grapes, including Malbec, Cabernet Sauvignon, Merlot, Tempranillo, Syrah, Mourvedre, Petit Verdot, Viogner, Bebbiolo, Pinto Not and Zinfandel. Test Vineyards are planted in an effort to see how different grape varieties grow in the same location.
Residential lot prices start at $49,000. Interested buyers are encouraged to visit: https://ila.company/valle-divino-resort/ and make an appointment at the sales office to tour the community.
Mauricio Bustamante, Director of Sales, commented: “We are pleased to add Valle Divino to our current product offering in Ensenada. We are seeing strong interest from retirees and first-time home buyers alike, as well as resurgence in overall traffic to Bajamar. Mr. Bustamante, commented further: “My primary focus for our sales office at Bajamar will be the immediate sales and marketing of “Phase I – Bajamar/Valle Divino.”
“We are negotiating sales and marketing agreement for our Oasis Park Resort, our flagship property, consisting of a 497-acre master-planned beachfront community with picturesque mountain views, located just south of San Felipe, Baja California on the Sea of Cortez, one of the world’s most prolific salt-water habitats. There are approvals to sell up to 1,344 residential home sites approximately ¼-acre each with starting prices of $49,000. In addition to residential lots, there is a planned boutique hotel, timeshare/vacation club, special commercial center and nautical center with boat launch and fishing marina.
The Oasis Park Resort is a self-contained solar-powered green community that takes advantage of the advances in solar power and green technology. The Company started residential lot pre-sales in Phase I in the second quarter of 2015 and broke ground in May 2016.