New Boom In The Luxury Real Estate Market Is Coming. Get Ready!

The president of the Association of Tourist Developers of Los Cabos, Fernando García Campuzano, said that the south point of Baja California Sur, still ranks as Number One in sales of most expensive houses  in Mexico, with prices up to 25 million for a single residence; He added that expectations for the residential property sector in the remainder of the year are good, with estimated growth of at least 20% compared to 2015.

The Sudcaliforniano reports that, according to other sources, for this year and 2017 a new boom with residences classified as ultra luxury, with new profiles of buyers who want more exclusivity and contact with nature is expected, so the growth is focusing towards East Cape.

Among the most luxurious highlights of renowned domestic and foreign businessmen and artists from around the world located on the tourist corridor between San Jose del Cabo and Cabo San Lucas, with spectacular sea views, 4 bedrooms, swimming pool, jacuzzi, terrace , home theater, parking for several vehicles, modern surveillance equipment and all kinds of services.

García Campuzano said that unlike previous years where predominated foreign customers, there is now a growing number of Mexicans who seek residences in Los Cabos; and he confirmed that the projections indicate that this year sales are achieved by an amount of approximately 500 million dollars, remembering that the record is still recorded in 2006, which was 900 million dollars.

Source: BCS News/ Photo: Internet

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