Surge of Foreign Investments in Real Estate: Cabo Rojo Attracts International Buyers
In a move that underscores Puerto Rico's growing appeal as an investment destination, a group of foreign investors has acquired over 1,350 acres of coastal land in Cabo Rojo. This development not only highlights the significance of the real estate sector on the island but also emphasizes a renewed focus on properties of high ecological value.?
Capital Flow in the Real Estate Market?
The increase in foreign investment in the island has been significant, with more than 30% growth in transactions over the past two years. Cabo Rojo, known for its natural beauty and ecological resources, has become a focal point for developers seeking to capitalize on its tourist appeal.?
Value of Coastal and Ecological Properties?
The recent acquisition of coastal land reflects interest in spaces that not only offer beach access but also promote environmental conservation. Cabo Rojo is home to unique ecosystems that are increasingly valued by investors considering both economic return and the environmental impact of their projects.?
Outlook for the Local Real Estate Market?
Analysts anticipate that this type of investment could be transformative for the local economy. The acquired land has the potential to be developed into tourist or residential projects, generating jobs and fostering regional economic growth.?
Conclusion?
The purchase of over 1,350 acres of land in Cabo Rojo by foreign investors marks a milestone in Puerto Rico's real estate sector. This development not only underscores international interest in the island but also raises the need to balance investment with environmental sustainability, a key challenge for the future of the market.?
?
Source: El Nuevo Día?
Data: RED Atlas
Originations at Fairview
2 个月Great information
RE/MAX COMMERCIAL New York | Puerto Rico
2 个月Every time there is a new project or development on the island there is those in favor and against. We must search for a common ground for development and growth for our island paradise, the local economy and more importantly the people that live and work here. We are only a few weeks away from 2025- a global economy must attract manufacturing, technology, finance and industrial to thrive. We cannot just rely anymore on 1970s marketing for tourism, pina coladas and one day cruise visits. The wheel has been created- think and follow the Dubai, Punta Cana and Singapore models !!!...
Retired at San Juan Rotary Club
3 个月Show us your previous developments before you ask to believe in your stated intentions! Leopards don’t change their spots!
I sell CT properties and beyond
3 个月WOW!
Chief Executive Officer at TRG Architects PSC
3 个月Any enterprise willing to invest in Puerto Rico-in spite of all the xenophobic and ideological oppositions disguised as environmentalists-should be welcome. As long as it complies with all zoning & legal requirements for developing a private property, ehich are not few, no problem with it at all.