A recent article that appeared in the Wall Street Journal, written by Katy McLaughlin, was titled “Luxury Real Estate in Los Cabos is Back.” We found the article very interesting and bang on track confirming what we already know, substantiated by what we see happening around us. We are sharing the article with you here and are thrilled that long- time friends and Pisces Real Estate Clients, Fred & Diane Hearn were featured in the article.
After riding a wave of success, the economic downtown in 2008 caused a crisis in the real estate market of Cabo San Lucas as well as around the world as Katy mentions in her article. Even so, the Los Cabos area began making a slow but steady comeback until we were slammed with the devastation of Hurricane Odile, in September of 2014, which brought practically all construction and development to a grinding halt. The first step after this natural disaster was for local business and developments to recover before picking up and continuing forward. Now, almost a year on, you cannot notice a hurricane ever took place here, and many new developments are in full swing – Los Cabos is back, stronger than ever. As you drive along the main highway between San Jose and Cabo San Lucas you cannot help but be aware of the amount of development going on. What was previously an empty lot or abandoned construction site is now a hotel site or residential development; Nobu Hotels, Montage Maravilla, VieVage, Chileno Bay Cabo, are some of the projects currently underway.
In San Jos? del Cabo in the Puerto Los Cabos area and beyond, there are several new hotels and developments including Marriott, Ritz Carlton and Secrets. On the Pacific side, the oceanfront golf & residential developments of Quivira & Diamante Los Cabos continue to build.
Take a look at the article; we are encouraged to see that this important publication is giving Cabo the recognition it deserves and that savvy buyers know that the market is on the way up, making now the time to buy.
Remember that Pisces Real Estate specializes in high-end real estate, representing buyers in the purchase of luxury beachfront and golf developments like VieVage, Chileno Bay, Montage Maravilla Los Cabos, Palmilla, Cabo del Sol and others. It’s always best to have a knowledgeable agent representing you that will look out for your best interests, rather than the developers. Having a successful track record in Cabo that spans over 35 years ensures that you will be in safe hands and your investment protected.
“It’s about lifestyle and spending those lifestyle dollars today”, says Marco Ehrenberg, broker and specialist in luxury real estate.
Read the article from The Wall Street Journal on Pisces Real Estate blog here, or download the pdf attached here: The Wall Street Journal – Luxury Real Estate in Los Cabos is Back.