🏘️ Cabo’s Surprising Real Estate Boom
Even during the pandemic, Los Cabos results in real estate are amazing. During the month of January and February of this year, real estate sales soared 60 percent above last year’s numbers. According to Jorge Balderrama, Policy Director for Airbnb Mexico, the pandemic and subsequent change to working abroad, and home schooling drove many Americans and Mexican National to move their residence to other areas, Cabo being everyone’s favorite. Rafael Covarrubias, CEO of Discovering Mexico, stated that only 5 percent of his company’s sales were for rental purposes.