Tijuana is a border city that has established itself in the real estate sector due to its growth potential, attracting investments from all over the world in various commercial sectors. Today on the CREA Soluciones blog we will tell you about real estate growth in Tijuana: why it is an attractive destination for investment and how companies have taken advantage of its benefits.
Why is Tijuana an attractive destination for real estate investment?
Strategic location
Tijuana is a favored city with a strategic location very close to the border with the United States, which makes it a very important access point for tourism and commerce. In addition, the cost and quality of life in Tijuana is significantly lower than in U.S. cities such as San Diego, California, which has led to an increase in the acquisition of properties by Americans, either for purchase or rent.
Compared to Tijuana, in U.S. cities like San Diego, housing prices are higher and with fewer benefits and amenities than residential developments in the Mexican city.
Diversified economy
Tijuana is a city that is home to many growing industries: manufacturing, technology, renewable energy, aerospace, and it has established itself as the world capital of health tourism thanks to its connectivity with countries such as the United States and Canada, as well as the quality of medical services and its first-world infrastructure.
This has not only increased the number of tourists who visit Tijuana occasionally, but also the number of foreign employees who are looking for an opportunity for economic growth and a better quality of life.
Short-term rentals with Airbnb
On the other hand, Tijuana offers tourist attractions, a wide variety of gastronomic, cultural and entertainment offers that increase the interest of foreigners from all over the world. This has led to an increased demand for rental properties, especially from the Airbnb platform.
According to a 2018 study by Americas Market Intelligence (AMI), 56% of tourists visiting Mexico prefer accommodations on the Airbnb platform to hotels, and that 81% of Airbnb guests are satisfied compared to 74% of hotel guests.
Connectivity
Tijuana is a city with connections to other cities and countries thanks to a robust public transportation system, highways, and an international airport that also has destinations to the most important cities in Mexico.
How profitable is real estate investment in Tijuana?
Investing in real estate in Tijuana is a very important decision, which can generate attractive returns in the long run, especially if you turn to a real estate consultancy such as CREA Soluciones.
With our services such as market research, appraisals, financial studies and repositioning we can help you make informed decisions so that your investment has the highest return.
Where to invest in Tijuana?
Beach Area
The Playas de Tijuana area is one of the places where foreign tourists look for properties due to its seaside location, spectacular views of the Pacific Ocean, and a coastal atmosphere that favors a relaxed and fun lifestyle.
Tourist activities
Tijuana is a city full of entertainment, so investing in commercial premises, restaurants, cafes, shopping centers, among other options that provide entertainment and something to do for tourists and residents is a great investment alternative.
Residential Developments
It’s not just the beach area that’s attractive for the real estate market. Currently, Tijuana is developing more and more residential complexes with modern infrastructure, amenities such as recreational areas, 24/7 security, swimming pool and gym to attract more buyers, both for people who live and work in Tijuana and for Americans who work in their country. Even for people who want to invest in real estate for temporary accommodation.
Get closer to CREA Soluciones
Tijuana’s real estate market is one of the most attractive in Mexico. There are many factors that have led the city to experience constant growth for several years, such as industrial growth and development, medical tourism, its beautiful landscapes, among others.
At CREA Soluciones, we are real estate consulting agency, we invite you to browse our website and learn about the services we have for you. For more information about highest and best use and real estate appraisals, write to us through the contact form, email info@creasoluciones.com.mx or call us on the phone 5552778044. Our advisors will be happy to assist you.
