Los Cabos set a new record for the annual growth in housing prices as the third quarter of the year came to a close. In Los Cabos, property prices climbed overall by just over 14%. demonstrating that the COVID blues have been overcome by the local real estate market in the area.
The majority of buyers in the Los Cabos real estate market are unquestionably Americans and Canadians. In fact, prices for Cabo real estate are frequently shown in dollars rather than Mexican pesos. According to popular belief, Americans are swarming to Cabo to buy second houses because the prices there are better than those in other areas.
- Living Costs Are Cheaper In Los Cabos Than in other Canadian and American cities
- More Affordable Amenities Also Drive People To Los Cabos
- Access To High-end Luxury Housing
- Home Prices In Los Cabos Are More Affordable Than in other areas in Canada and the U.S
Source: The Cabo Sun