The Real Estate Investment Boom in Los Cabos
Cabo del Este, Cabo San Lucas, San José del Cabo, the Tourist Corridor, and the Pacific have the highest number of real estate projects in progress at the end of 2022. With approximately 69 projects being carried out, the Association de Desarrolladores de Turismo de Los Cabos directors have been surprised by the excellent acceptance of the destination by many investors despite the great impasse suffered by the pandemic since the numbers were expected to drop. Still, they were very positive and continued to improve month by month.
The Association considers that many people have considered factors such as quality of life, closeness with nature, climatic stability, cultural diversity, and excellent credits that benefit investments. The main markets continue to be Canada, the United States, the center of the Mexican Republic, and the European and Asian public is beginning to join.
Beyond the excellent opportunities, Los Cabos has become a very elitist destination in recent years, and therefore investors find great opportunities for progress here.
Banks currently have an essential presence, which is very beneficial since this promotes credit so that purchases can be made. Of the 2,900 units that existed by the end of 2022, 50% had already been completed, which brought great motivations for real estate activity, causing the residential tourism sector to rise.
An important aspect is that the developments generate an essential presence in sales and construction and bring with them the great movement of employment and currency generation, legal movements, taxes, and the entire organizational structure that is developed thanks to these significant investments.
Undoubtedly, we are in a destination with a promising future in terms of real estate, and quality of life has become a determining factor when it comes to investing. Without a doubt, the Baja California Sur peninsula has everything a suitable investor needs.
According to the statements of the Mexican Institute of Executives and Finances, there is a great boom in tourists with excellent purchasing power who, after vacationing in the destination, decide to buy a house. When they return to acquire real estate, they come to enjoy the culture, gastronomy, impressive landscapes, and service quality.
Many real estate agents agree that about 10% of visitors who close a timeshare deal return to buy a home, bringing more family and friends who become potential buyers, thus becoming a chain of sales within Los Cabos and its surroundings.
Undoubtedly, this paradisiacal destination has a lot to offer, the business possibilities are increasing, and their expansion has excellent potential to develop into a destination full of opportunities for all those businessmen looking for safe and cutting-edge places to secure their investments.
Alejandro Ordoñez (Ali) is the perfect person to accompany them in this investment and advisory process. His trajectory in the luxury villa rental and sales business for more than 20 years is his best letter of introduction.
Important Read: Rural tourism in the Baja