Looks like a good year for high-end
luxury real estate in Cabo.
Earlier this week Engel &
Völkers Snell Real Estate reported their highest ever mid-year results in Los
Cabos. From Jan to June this year, they have already sold 90% of their total
sales for 2016.
With over 70% of all
transactions above $3 M (USD), Engel & Völkers Snell Real Estate continue
as the Los Cabos leader in luxury real estate. The most recent sale in this
bracket was Casa de Los Suenos, for a tidy $ 4.855M USD. Certainly, things look
set to continue.
Vanessa Fukunaga, Owner,
President, and CEO of Engel & Völkers Snell Real Estate believes much of
this trend is down to the international focus on Cabo. And the rapid rise of tourism
- which saw a 17.4% growth in just the first
quarter of the year.
"Thanks to recent expansions of flight connectivity
and the announcement of a new Cabo San Lucas International Airport, there are
now 58 weekly flights from 40 worldwide destinations that make Los Cabos much
more accessible to the world. Our dedication to serving the global community in
Los Cabos discovery and investment will only continue to increase demand."