Buying A Villa In Cabo San Lucas
In case you haven’t heard, Los Cabos is a beautiful place. It is also one of the most famous places to live in Mexico. Cabo San Lucas has caught the attention of many Americans who are looking for an escape from the fast pace of life that many of us live on a daily basis these days.
This amazing place will let you take a break from your hectic routine and enjoy the beautiful sun and clean, shallow waters that surround the islands that makeup its landscape. The golden sand beaches, perfect weather and refreshing drinks are just some of the reasons why so many people have decided to buy property in Cabo San Lucas.
Is Cabo A Good Place To Invest In Real Estate?
Cabo, Mexico has been touted as one of the ‘hottest’ places to invest in real estate. This once sleepy Mexican fishing village has now become a world-renowned tourist destination thanks to its favourable climate, good infrastructure and proximity to some of the more populated areas of America. Cabo’s climate and unique appeal have made it an attractive enclave for the wealthy from around the globe. This has turned Cabo Real Estate into a luxury market with high demand and prices soaring higher each year.
What Is The Average Price Of A House In Cabo San Lucas?
Cabo San Lucas is Mexico’s finest example of luxury real estate with a vast collection of homes and luxury vacation villas that can be classified as oceanfront, cliffside, or in-land properties. Many are custom-built, have high-end finishes and are on large lots. The quality of the construction and views create an incredible value for luxury real estate in Cabo versus home prices found in the US.
Can An American Buy A House In Cabo?
No matter what type of property you are looking for in Cabo there is a purchase option available to you. Whether it is a residence to live in or a vacation home, condominium, or even a commercial building there will be something available to buy and own. However, as with everything in Mexico, there is some red tape involved for first-time buyers.
There are three main ways to purchase real estate in Mexico including:
- Buying directly from a private seller;
- Buying a piece of property as a tenant in common with another buyer; and
- Have a Fideicomiso set up by your Mexican lawyer to hold title to your property.
Is It Expensive To Live In Cabo San Lucas?
Is living in Cabo San Lucas expensive? The answer to this question depends on your lifestyle and willingness to spend. Most foreigners see Cabo as a place to have fun, eat great food and enjoy the beach during their free time rather than a place where they live permanently. This is one of the reasons why it’s so easy on the wallet. The other is that it’s just not necessary to sink a lot of money into Cabo if you don’t want to. Is there great shopping? Yes, but you can get by quite well without designer jeans or fancy handbags that cost more than your rent payment back home. If you simply must have those items, then you’ll have them at an affordable price.