Why La Paz Mexico is the Best Place to Invest in Real Estate
If you’re looking for a safe place to invest your money, look no further than La Paz, Mexico.
La Paz Mexico real estate is one of the best places to invest in Mexico. There are several great reasons why:
Although the cost of living in La Paz is higher than in other Mexican cities, the real estate market in La Paz offers excellent value for money. The city has a slow, stable growth rate, which has kept property prices durable and affordable.
If you’re looking to buy property in La Paz, you’ll find plenty of great deals. Prices have increased since Covid-19, like most of the world, but you can still get great deals.
When I first arrived in La Paz in 2015, plenty of cheap houses and abundant land were available. Things are starting to turn here, with house prices steadily increasing and land harder to find. If you are looking to invest, I would you do so sooner rather than later.
If you’re looking to invest in real estate in La Paz, here are some of the top reasons why it is the best place for you:
Development in La Paz
La Paz is in the process of a massive redevelopment. The city’s Centro Historico has been restored and modernized, and new high-class hotels are being built like Baja Club and the new Fairmont La Paz Puerta Cortés Resort and Residences, which will be complete in 2023.
The resort will offer 155 guest rooms, 24 suites, and 61 residences ranging from one bedroom to four, some offering amenities like private plunge pools and gardens. As a result, many people will be coming to the city, which is excellent for the real estate market.
La Paz Mexico Real Estate Market Projections for 2022
La Paz’s real estate market will not slow down in 2022 and will continue to grow. The momentum from 2021 will not stop in the foreseeable future. La Paz’s real estate market has become relatively robust. The growth will continue throughout 2022.
The primary reason for continued market strength for 2022 is because it’s a location where people want to live. Secondly, La Paz, Mexico, is a popular tourist destination, and I have seen massive growth since 2015, which is another reason people want to invest.
Why La Paz is so popular
La Paz has a lot to offer: a diverse culture, beautiful sights, delicious food, reasonable cost of living, and a laid-back vibe. It’s no wonder that so many people visit La Paz each year. La Paz is a mecca for tourists worldwide, but it’s also a great place to live. Thanks to its temperate climate and proximity to the ocean, La Paz has a subtropical climate. The city receives about 10 inches of rain per year, making it an excellent option for those who want to avoid harsh winters.
La Paz Mexico Building costs
Supply and Labor shortages led to increased building costs throughout the COVID-19 pandemic. So, the overall cost for home builders in the upcoming 2022 year will still be higher than in previous years. It’s unlikely to see drastic price drops or rises compared to 2021.
Pricing varies from builder to builder, and the finishes’ quality also varies. Always discuss pricing with professionals before you start budgeting.
We have received a few quotes for a build per Metered squared with different finishes. The prices are below.
Average Cost To Build 100m2 House La Paz, Mexico.
| Low-End Finishes Building Cost | $80,000 |
| Mid Range Finishes Building Cost | $130,000 |
| High-End Finishes Building Cost | $250,000 |
Cost of Living in La Paz
La Paz Mexico real estate is much cheaper than real estate in Los Cabos, which is one of the reasons people are starting to pick La Paz over Los Cabos.
Electricity, Gas, and water costs are very cheap compared to the US, Canada, and Europe. Food shopping isn’t as cheap as you’d expect, and the La Paz Walmart branch is the most expensive in Mexico. You can still find excellent prices here, and eating out can be as cheap or as costly as you want.
Real Estate Investment with Bajasur.life
If you’re looking to invest in real estate and want a great company to work with, look no further than Bajasur.life!
Bajasur.life has been helping clients find the best homes in La Paz and throughout Baja California Sur. We work with the best realtors in the area to get you the best price. Whether you plan to buy, build or want to sell your property, we have you covered. We can connect you with local architects and builders within the city. We can give you extensive information on different city areas to make sure you pick the perfect place to invest.
If you’d like to tour a property in La Paz or anywhere else in Baja California Sur, fill out the contact form below, and we will get straight back to you. We will be happy to answer your questions.
Bottom line
If you’re looking for a safe place to invest your money, La Paz Mexico real estate is one of the best places to put your money. The city has a low crime rate and is experiencing a development boom, which means more jobs and higher salaries. In addition, the cost of living in La Paz is relatively cheaper than in other Mexican cities.
La Paz has been on my mind to Retire in for 9 years now I’m 69 and I’ve finally save 80,000 us I’m ready to move to La Paz and live my last 30 years of my life in Paradise 🙏 thanks to my God.