Thinking of buying, selling, or developing property in Baja California? This episode of The Nick Fong Podcast is your one-stop shop for navigating the legalities of Baja real estate! Join us as we welcome Jonatan Espinosa of Baja Legal Group. A Mexican real estate law expert, Jonatan dives deep into the intricacies of Baja's legal landscape, crucial for buyers, sellers, developers, and investors. Unraveling the Maze: Foreign Ownership: Learn how Baja California caters to the foreign market, necessitating expertise in English for legal navigation.
Subdivision Strategies: Explore the challenges and opportunities of subdividing land for development, understanding the role of Planes de Desarrollo Urbano (PDUs) in determining construction possibilities.
Ejido Explained: Demystify the concept of ejido land, a unique property type in Mexico granting usage rights, often for non-commercial purposes. Jonathan unpacks the complex process of converting ejido land to private property.
Right of First Refusal: Gain insights on derecho al tanto, a crucial consideration when dealing with ejido properties or certain developments, ensuring existing stakeholders have a chance to purchase before others.
Market Insights: Get expert predictions on Baja's real estate market trends, including the rise of Loreto as an emerging market with affordable options and direct U.S. flights.
This episode equips you with the knowledge to make informed decisions in Baja's real estate market.