Los Cabos
Los Cabos means “the capes” and refers to the two cities of San Jose Del Cabo and Cabo San Lucas and the corridor along the Sea of Cortez in between the two. The area is located at the tip of the Baja California peninsula where the Pacific Ocean meets the Sea of Cortez With a stunning desert landscape that meets the water, Cabo boasts a warm, dry climate with low humidity.
In the 1940s, when Hollywood stars wanted to escape the paparazzi, they went to Los Cabos. They were joined by presidents, wealthy businessmen and the international jet set. They gave Los Cabos a reputation for exclusivity and glamor, a reputation it still holds today. Cabo San Lucas and the corridor are home to some of the world’s most luxurious hotels. As for San José del Cabo, the more traditional Mexican city, it has undergone a renaissance.
The lifestyle boasts sun and sand, sea and surf, super-luxe hotels and day spas, fine dining, yacht trips, world class golf courses (a lot of them designed by champions like Jack Nicklaus and Greg Norman) and fishing. Cabo has it all and, today, it’s attracting more than just the jet set. Lots of ordinary folks are vacationing here, buying second homes and riding out the cold winters back home.
The area has been growing at a fast pace for the past 40 years. From a small fishing town in the 1980’s, Cabo became one of the biggest tourist destinations in Mexico. Like the Riviera Maya and the Puerto Vallarta – Riviera Nayarit area, Cabo is surfing the remote working trend. As a result, Cabo is already flooded with professionals, young and old, single and with families, all with laptops in hand looking for rentals and looking to buy real estate. In the meantime, the air connectivity continued to improve.
Real estate here can be even pricier than in Puerto Vallarta, which does not necessarily mean that it is expensive, especially compared to the US or Canada. It is still possible to find opportunities with double digit rental returns and strong capital gain potential. Like the Puerto Vallarta – Riviera Nayarit area, Cabo is expanding, which creates opportunities at better price points as peripheral areas become easier to access. Think Todos Santos on the Pacific side and the East Cape on the Sea of Cortez side.
Los Cabos
Los Cabos means “the capes” and refers to the two cities of San Jose Del Cabo and Cabo San Lucas and the corridor along the Sea of Cortez in between the two. The area is located at the tip of the Baja California peninsula where the Pacific Ocean meets the Sea of Cortez With a stunning desert landscape that meets the water, Cabo boasts a warm, dry climate with low humidity.
In the 1940s, when Hollywood stars wanted to escape the paparazzi, they went to Los Cabos. They were joined by presidents, wealthy businessmen and the international jet set. They gave Los Cabos a reputation for exclusivity and glamor, a reputation it still holds today. Cabo San Lucas and the corridor are home to some of the world’s most luxurious hotels. As for San José del Cabo, the more traditional Mexican city, it has undergone a renaissance.
The lifestyle boasts sun and sand, sea and surf, super-luxe hotels and day spas, fine dining, yacht trips, world class golf courses (a lot of them designed by champions like Jack Nicklaus and Greg Norman) and fishing. Cabo has it all and, today, it’s attracting more than just the jet set. Lots of ordinary folks are vacationing here, buying second homes and riding out the cold winters back home.
The area has been growing at a fast pace for the past 40 years. From a small fishing town in the 1980’s, Cabo became one of the biggest tourist destinations in Mexico. Like the Riviera Maya and the Puerto Vallarta – Riviera Nayarit area, Cabo is surfing the remote working trend. As a result, Cabo is already flooded with professionals, young and old, single and with families, all with laptops in hand looking for rentals and looking to buy real estate. In the meantime, the air connectivity continued to improve.
Real estate here can be even pricier than in Puerto Vallarta, which does not necessarily mean that it is expensive, especially compared to the US or Canada. It is still possible to find opportunities with double digit rental returns and strong capital gain potential. Like the Puerto Vallarta – Riviera Nayarit area, Cabo is expanding, which creates opportunities at better price points as peripheral areas become easier to access. Think Todos Santos on the Pacific side and the East Cape on the Sea of Cortez side.
Playa del Carmen is located in the middle of the Riviera Maya about 50 minutes south of Cancun. Once a sleepy fishing village 30 years ago, it has turned into one of the world’s hottest vacation destinations. Development accelerated over the years, to the point that the city was the world’s fastest growing at some point. Playa del Carmen has turned into a sophisticated internationalized cosmopolitan beachside city of close to 300,000 residents with millions of visitors. It has large malls, an international dining scene, big box stores, medical centers, and more. English is spoken everywhere.
The city is a very popular destination for tourists, digital nomads, remote workers, investors and retirees alike thanks to its top-notch infrastructure. The city is family friendly with multiple theme parks around to entertain the kids. Basically, it has something to appeal to every type of visitor. People come from many different parts of the globe and at different times of the year.
Playa Del Carmen is located by the beach. You can find everything you would expect from a top beach destination. Beautiful beaches, an exciting nightlife, world-class golf courses, … The 5th avenue (Quinta Avenida) is a 5-mile long pedestrian street. It is the center of the city and is filled with luxury shops, a plethora of cafés and restaurants serving delicious food and trendy bars that are busy day and night.
If you own a modern, comfortable two-bed condo in the right location, you could generate an attractive rental income by renting your place when you are not staying at your property. You could make $40,000 or more yearly and still get plenty of time to enjoy your property if you buy close to the beach and 5th Avenue!
There is no more large piece of land available in downtown Playa Del Carmen. As a result, new construction takes place further and further from downtown, which is less short-term rental friendly. Alternatively, developers could buy older buildings and tear them down but the condos would need to have a high price tag given the very high cost of the land. All of this limits your future competition when renting or selling.
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