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Even through the pandemic, or maybe because of it, sales of real estate increased 23 percent last year, said Rafael Covarrubias of Discovering Mexico. “Sales prices were down between 5 and 10 percent, though, but the volume was completely unexpected.” “The growth of developments with prices starting at $250,000 helped increase the sales, but reduced the average price,” Covarrubias added. Sources consulted said that the majority of sales are to people moving to Los Cabos, more than buying for rental purposes. This might have been another benefit of the pandemic as the facility of working from overseas allowed them to move and live in a sunny, unpolluted and uncrowded destination.
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