The high level of demand for holiday properties and second homes in Mexico continues. The remarkable resort destination of Los Cabos is particularly popular with both domestic and international buyers. “The real estate market has witnessed enormous growth in a very short time. Demand is so high that prices have reached up to 38 million US dollars,” said Vanessa Fukunaga, Licence Partner of Engel & Völkers Los Cabos.
Los Cabos is the southernmost point of the Mexican state of Baja California Sur, where the Pacific Ocean meets the Sea of Cortez. Its warm climate, miles of beaches and direct worldwide flight connections make the region a sought-after destination. The eleven Engel & Völkers Shops are located throughout the Peninsula. In 2018, two thirds of the homes brokered by Engel & Völkers in Los Cabos were sold for more than 5 million US dollars.