Mexico is home to the world’s tenth-largest tourism industry. NAFTA, a new democracy, and sound domestic and macroeconomic policy, have made Mexico a safe place for Americans to invest and do business since the mid-1990s.
Los Cabos caters to high-end American and Canadian clientele looking to vacation, retire, live and invest. Cabo communities, such as Villas del Mar in Palmilla and Discovery Land’s El Dorado Golf & Beach Club, have set the standard for high-end resort living in Mexico. From 2005-2007, Los Cabos grew 17 percent per year on average. During that time, more than US$2 billion changed hands in real estate and timeshare transactions in the Los Cabos area. Since 2008, growth has slowed but due to its geography (two-hour flight from Southern California) and low crime rate, Los Cabos began to show signs of a rebound in 2011.
Los Cabos is situated at the southern tip of the 1,000 mile-long Baja Peninsula between the Pacific Ocean and the Gulf of California, in the state of Baja California Sur (BCS). Thus, Cabo’s geography isolates the destination from the crime and violence that have plagued mainland Mexico and northern Baja. Indeed, Cabo is one of safest cities in not only Mexico, but all of North America.
In addition to the municipality of Los Cabos (including San Jose del Cabo, Cabo San Lucas and East Cape), important tourism developments are underway in Todos Santos, La Paz and Loreto, BCS; San Carlos, Nuevo Guaymas and Puerto Peñasco (or “Rocky Point”), Sonora; as well as in other coastal towns along the Escalera Nautica (nautical ladder) from the state of Nayarit to the north of the Gulf of California, south to Punta Mita, Puerto Vallarta, the Costa Alegre, and Ixtapa, and across the country to Cancun and the Riviera Maya.
Wherever your project is located in Mexico, Rosen Law can provide the legal services you need to ensure your investment is safe and profitable.