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Real estate boom in Cabo

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Gaining a name as the “Monaco” of Mexico, it looks like Cabo is all set for a boom in luxury real estate for the ultra rich. And according to William Scott, a successful local realtor, the profile of the new buyer is changing.

This new generation of ultra rich want more exclusive properties, with access to facilities for private jets and marinas. But they want to be close to nature too. The environment and ecology is important to this class of buyer. They are looking for unique spots of natural beauty and want properties with more land in secluded areas. That’s why the Eastern Cape is a perfect location.


He points out that the real estate market in Cabo is strong. And it is already a destination for the ultra rich. With residential lots of $5 million, and villas renting for $35,000 per night there is no shortage of people happy to spend money in Cabo.  


Loads of other indicators point to this view - the growing numbers of hotels, plus the highest national occupancy rate (around 80%), and record numbers of visitor arrivals for the last three years in a row.

Add to this the huge potential market of 100 million Americans and Canadian, the stunning natural beauty of the Baja and the Sea of Cortez, and the number of high end luxury hotel operators in the area.


And let’s not forget a well-documented fact - there is always a spike in property sales after a US election.

Things definitely look rosy for real estate in Cabo for the remainder of this year and the next.


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