Cabo San Lucas Real Estate, Listings, Homes, Condos, Land - Prudential Cabo

Cabo Mexico Real Estate: High-Season Numbers Point to Promising Year for Tourism

As the high season for travel to Mexico kicked off on Thanksgiving weekend, early indicators are that both tourism and the second-home market remain strong despite recent setbacks in the U.S. economy.

Cancun, Puerto Vallarta, San Jose Cabo and Mexico City took four of the top 10 spots in a ranking of the most popular international destinations for U.S. travelers over the Thanksgiving 2007 weekend. The rankings were based on air ticket sales on Orbitz.com for departures between November 21 and November 25.

Real estate developers in Mexico also report that interest in second homes is high among U.S. buyers. In Punta Mita, a 1,500-acre, master-planned, second home community near Puerto Vallarta on the Pacific Coast, new-home sales are up 40 percent year-to-date compared with the same period in 2006. Other strong second-home markets for U.S. buyers include Los Cabos, Cancun and the Mayan Riviera as well as inland locations like San Miguel de Allende, Ajijic and Cuernavaca. more via PRNewsWire