Whether you’re considering a weekend getaway or a permanent residence luxury living at Palacio del Mar is a sound investment Property taxes, health care, groceries, gasoline, golf, fishing, restaurants, movie tickets, etc, are all much more affordable in Mexico.
The inability to “own” property in Mexico is a myth. There are a variety of simple, safe and perfectly legal ways you can own beachfront real estate in Mexico without having Mexican citizenship.
Perhaps the most practical way to own property in Mexico is through a trust, commonly known as a “fidecomiso” in Spanish. In this scenario a bank acts as a depository, holding the property in a trust while the beneficiary, the buyer, enjoys all the same rights (to buy, sell, lease, use, bequeath, improve, transfer and encumber) as under free simple ownership.
A “fidecomiso” operates in the same way as a family trust in the United States. It’s not only the safest but also the simplest way to possess real estate on Mexico’s coasts. In the Baja Peninsula alone, 2 million U.S. citizens and corporations have invested billions of dollars through “fidecomisos” in the last decade.
With the complete legal framework in place, it’s now easy and affordable to purchase real estate in Mexico. Financing is also available. At Palacio del Mar we have teamed up with the top real-estate professionals who are qualified and knowledgeable in the field and can guide you throughout the purchase process, making it hassle-free.
The are many hospitals and clinics in close proximity to Palacio del Mar. Rosarito is close to the U.S. and has a large population of Americans living in the area. Because of these factors one can expect personalized service, expert care and a bilingual staff. There are also many specialty hospitals such as medical laboratories and plastic surgery and dental clinics. Pharmacies are plentiful, offering a wide variety of medicines, both generic and name brands. As a result of the influx of foreigners to the area health care investment has skyrocketed.
Often when talking to people about the possibility of purchasing real estate in Mexico the issue of crime enters the conversation. It’s important to note that most of the violence has been situated in Juarez along the US border with Arizona and Texas. The crime rate in Baja is relatively low and has been declining in recent years. Over 2 million U.S. citizens and corporations have invested billions in the Baja Peninsula alone.
Convenience and Cuisine
Palacio del Mar is conveniently located at El Descanso in Rosarito, just 35 minutes away from the San Diego border, 10 minutes from Downtown Rosarito and 45 minutes from the richest wine region in the country. In addition, just South of the border the dining scene is exploding. There is a growing culinary movement called “Bajamed”, cuisine that relies solely on the fresh and local ingredients from Baja California’s Mediterranean-like climate, all sourced straight from local fisherman and farmers. Less than 20 minutes from Palacio del Mar is Puerto Nuevo, the self-described “Lobster Capital of Baja“. There are dozens of restaurants, shops, and arts and crafts stores. Puerto Nuevo was founded in 1956 with the opening of Puerto Nuevo II Restaurant, which is still an extremely popular place to dine in Puerto Nuevo. Most of the restaurants in Puerto Nuevo offer an opportunity to enjoy great lobster, cooked according to tradition while taking in the beautiful ocean views. Palacio del Mar offers luxury living without the heavy price tag; serenity, security, recreation, fine dining and entertainment all wrapped up in a beautiful package that is Baja.
Bring your Pets to Baja
Have you ever felt remorse when you go on a road trip to Baja and leave your beloved pet behind? Well, why not bring your furry companion with you next time. If your only road block is information, here’s what you need to know.
These are the requirements for the introduction of cats and dogs to Mexico according to the Secretary of Foreign Relations:
- A Health Certificate issued by an official authority or by a licensed veterinarian provided that his signature is approved by a State Veterinarian.
- A Vaccination Certificate for hepatitis, pip and leptospirosis; the rabies and distemper vaccines must be administered at least 15 days before you get to Mexico.
Consular certification is not required.
If your trip will take your further south of Ensenada or to mainland Mexico additional paperwork must be filed with the Mexican Department of Agriculture.
Some general recommendations when traveling with your pets:
- During your visit keep the rabies certificate close at hand.
- If your dog /cat has special dietary needs, bring enough food and water for the duration of the trip, you may not be able to find the brand of pet food your pet needs or prefers.
- Make sure your pet has their tag with all your current contact information, if possible put down a local number, your hotel number for example.
- As always never leave your pet unattended in a car.
- Bring any medicines your pet may require.