Americans Moving to Tijuana

tjamericansmovevid

CW6SanDiego.com

TIJUANA – Housing development across the border in Mexico is on the rise as people continue searching for affordable places to live. The demand right now is so high – realtors in Tijuana are reporting a 20-percent increase.

There is a big change-taking place in the landscape of Tijuana, it’s a wave of Americans who are now calling Mexico home, and realtors are taking note.

“They like the vibrant scene here with culture, with food, with craft beer and wine. It’s not necessarily an economic thing. It also becomes a life style,” said Genaro Valladolid, realtor, Bustamante Realty Group.

tjads1111Billboards are posted throughout the city advertising new housing development projects. Over the last year, realtors say the shift of Americans renting in Tijuana has moved away from the coast and into urban areas.

“The benefits for Tijuana, well you get more people spending money down here. If you live down here you are going to spend money, you are going to go the movies down here, you’re going to buy some clothes down here, and it injects more money into commerce,” said Valladolid.

The average medium income last year in San Diego was about $60,000 with the average two-bedroom apartment costing $1,900. A big difference compared to Tijuana where realtors say rent for a two-bedroom start at $300.

“If you’re living in San Diego and you’re open to coming to live down here, you can save about, of that medium income you can save $1,000 a month,” he said.housingTJ2222There are apartment buildings currently in construction to meet the growing demand including a 20-unit condominium in downtown Tijuana. Realtors say the majority of people inquiring about the spaces for rent live in the San Diego area.

“It is something that is beginning and I don’t’ doubt that in the very least is going to continue,” said Valladolid.

Revolucion 1764 is the newest housing unit being constructed in downtown Tijuana. Crews expect that facility to open in October.

Have questions or a story idea for CW6’s Carlos Correa? Stay connected with him on Twitter: @CarlosCorrea2 or on Facebook: Carlos Correa

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: