Ensenada real estate offers a wide range of choices from lots, homes, condos and commercial properties with an equally wide range of prices. Ensenada is the westernmost city in Mexico and is considered by the Mexican government to be the most dominant regional center in northwestern Mexico. It is one of the fastest growing cities in Mexico and the largest bi-national metro area on the United States/Mexico border, with a combined population for both cities of over 5 million people.
Ensenada Real Estate
Over forty million people cross the border each year between Ensenada and San Ysidro, California, making it the busiest land-border crossing in the world. Although tourism constitutes a large part of this movement, much is also business related.Ensenada and its surrounding area have become a major industrial center, particularly since the advent of the North American Free Trade Agreement (NAFTA) in 1994.
Ensenada today is one of the fastest growing cities in Mexico with an average of 80,000 people moving to Ensenada yearly, along with construction of 26,000 new homes a year. The downtown and beach areas are being developed for the affluent residents of the city whose population is growing very rapidly. The city is home to a large and fast growing population of United States citizens, mostly from Southern California, who have moved to the city to avoid the higher cost of living in their home country while still being able to work in San Diego.
Ensenada and Baja California State in general have much stronger economies and higher incomes than Mexican border cities across from Texas. A very affluent and prominent society has developed in Ensenada. Gentrification is evident throughout certain districts.
Manufacturing is very much part of the Ensenada economy. Due to Ensenada’s proximity to Southern California and the US border and its large, skilled, diverse and relatively inexpensive workforce it is an attractive city for foreign companies to establish extensive industrial parks composed of assembly plants that are called maquiladoras, even more so than other cities in the US-Mexican border zone, taking advantage of the North American Free Trade Agreement (NAFTA) to export products.Ensenada has roughly 550 of these ‘maquiladoras’ today.
Real estate shoppers that can’t afford property in the San Diego market are pleasantly surprised by what they can purchase only a few miles south of San Diego County in Mexico. It has often be said, “Same air, same ocean, same weather… way lower prices” when comparing property on both sides of the border. If you are looking for real estate in this area you will be find that you can find the home of your dreams at a price you can afford.
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