Developer from UAE breaking into the Mexico Market

Mazatlan will soon be home to Hydra Waves, the first international development by Hydra Properties, a leading developer from the United Arab Emirates. The first phase of the project will be a 37 story tower with luxury amenities such as a gym, a spa, shops, and restaurants.

This project is only the beginning of Hydra Properties international expansion.
To read more about the ground breaking ceremony:
Hydra Properties expansion into Mexico

Las Posadas - A Mexican Holiday Tradition

The month of December in Mexico is all about celebration. From the Virgin of Guadalupe Day on December 12th up to Noche Buena, or Christmas Eve, the streets are filled with festive decor and celebrating townspeople. One popular Mexican tradition around the holidays is known as "Las Posadas" which is the re-enactment of Jesus and Mary's search for shelter the night that Mary was to give birth to Jesus. People fill the streets of small towns and go house to house singing songs asking for shelter and neighbors sing back. The procession usually ends up at the local church, where the participants are let in and enjoy local treats like warm churros, candy, and more.

This tradition can be seen throughout Mexico, but it is especially popular in small towns. Many Mexicans who have immigrated to the US continue the tradition in the Latino communities.

The numbers are in - and Mexico is booming

The beginning of Mexico's high season begins on Thanksgiving weekend. Although things may be slow in the US, Mexico tourism continues to flourish. The high numbers of tourists also translate to many people purchasing vacation homes.

To read more of the article, visit:
High-Season Numbers Point to Promising Year for Tourism and Real Estate in Mexico

Border Wait

Just a note for those of you who think about moving to Northern Baja and commuting across the border for work...border times are increasing, sometimes it can take over 3 hours on weekends to cross. You may apply for the SENTRI pass which will cut your crossing time substantially, but the more people who are issued these passes means the more people waiting in line to cross.

The new passport requirements will go into effect January 1, 2008. All passengers trying to cross from Mexico into the US will be required to present their passport to the immigration official. It is yet to be seen whether this will speed up or slow down the process. My guess? The number of people who didn't know they had to have a passport will hold up the line and make the wait even more unbearable.

Cash Out Refinancing in Mexico

MexQuest Mortgage now offers cash-out refinancing! This is a great option for those of you who own your property outright, but want to take the equity to purchase a new home, or those of you who want to use the money for another project. There are many options, contact us today for rates and more information.

Cash Only Society - No more!

In the past, buying property was a cash only deal. If you wanted a $300,000 home, you had to come up with $300,000 in cold, hard cash. While it did make things easier for the seller, it kept many buyers out of the market.

The entry of cross border loans has greatly changed the real estate market in Mexico. Now, developers are offering their own financing, mortgage brokers are providing loans from several different lenders, and Mexican banks have even started offering loans to foreigners.

Many people still are not aware of all of the financing options that exist. They say it is still a "cash only society". Those days have come to an end!

Guess who is coming to San Miguel de Allende?

The quaint town of San Miguel de Allende is getting a luxury resort in 2009. Rosewood Hotels, creator of the fabulous Rosewood Mayakoba in the Riviera Maya, is going to open an ultra-luxe resort in San Miguel de Allende which will be a welcome addition to the famous colonial town. The hotel will have 63 rooms, private residences and a spa.

Rosewood also has another property in Mexico - Las Ventanas al Paraiso in Los Cabos.

New Currency Converter

Whether you are converting dollars to pesos or pesos to euros, our new currency calculator can help you find out the daily exchange rate.

Look for the currency calculator on the right hand side of the page.