With tourism back and bigger than ever, Los Cabos, Mexico, is emerging as one of the biggest second home markets in North America, with many holiday-ers opting to become homeowners.
The world-class destination at the southern tip of Mexico’s Baja California Peninsula is one of the strongest real estate markets in the country, with an annual growth of 6% in overall sales for the last five years, according to a N.Y. Times report citing research from CBRE Hotels.
“At this moment, we are experiencing a seller’s market,” says Ramiro Palenque Bullrich, owner of 2Seas Los Cabos, the area’s leading luxury brokerages. “As a result of the low inventory, sellers have more control on the price they accept on their properties in the offers.”
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