Workers’ Housing Prices Increasing
The recent findings from the Federal Mortgage Society reveal a significant surge in the cost of new homes in Los Cabos, with an alarming increase of 17.7 percent. Similarly, the city of La Paz has experienced a notable rise of 18.1 percent in housing prices. These statistics are coupled with an average annual interest rate of 11.2 percent, reflecting the current challenges faced by potential homebuyers in these areas. The report highlights the growing financial burden associated with homeownership, urging stakeholders to address the affordability concerns in the real estate market.