Luxury Real Estate in Los Cabos Is Coming Back Katy McLaughlin - WSJ.com
go to original August 26, 2015

In the wake of the U.S. housing crash and press about Mexico’s crime problems, Los Cabos saw transactions freeze, prices drop and construction stall. Real-estate brokerages fled the market altogether. Last September, Hurricane Odile closed the area’s luxury hotels for most of the tourist season.

But today, the recovery in U.S. luxury-home prices, particularly in California, is driving a post-hurricane revival in Los Cabos. A change in government and subsequent reduction in drug-related homicide helped reduce fears about violence in Mexico overall; Los Cabos has remained a relatively safe and low-crime area.

Developers of some of the world’s most luxurious resorts are moving in, while resort concepts that have been stalled for years are back to building. Sales reported to multiple listing services were up 18% in 2014 compared with the year prior, despite the hurricane.

Read the rest at WSJ.com

Related: Stormy Weather Can't Stop Progress in Los Cabos (SFGate)

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!