Housing Price Increase in Baja California Sur during 2024

In 2024, Baja California Sur ranked as the state with the highest increase in housing prices nationwide. According to data from Sociedad Hipotecaria Federal (SHF), property values in the state rose 15.66% compared with the previous year.

This growth is above the national average of 9.2%, consolidating Baja California Sur as a real estate market in constant evolution and highly attractive to investors and buyers.

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Factors Driving the Price Increase

Several factors have contributed to this rise in housing values in the region:

📌 Tourism Profile and International Demand

Baja California Sur is home to world-class tourist destinations such as Los Cabos and La Paz, which has generated growing demand for properties both for vacation use and short-term rental investment.

🏭 Economic and Industrial Growth

The development of new industries and the boom in the services sector have brought more workers and business owners, raising housing demand in urban and suburban areas.

🏗 Limited Supply of New Housing

The pace of construction of new housing developments has been insufficient to meet growing demand. The reduction in the number of real estate projects has created intense competition for available properties, which drives prices up.

Note: The image used in this article was taken from El Economista.

Comparison with the National Average

Nationwide, the average housing price in 2024 was 1,736,349 pesos, reflecting a 9.2% increase over the previous year. In contrast, Baja California Sur not only exceeded this average, but led price growth across the country.

Information source: El Economista

Outlook for Buyers and Investors

If you are considering buying or investing in a property in Baja California Sur, keep the following in mind:

✔ Evaluate financing options: Interest rates and terms vary, so it is important to compare different credit schemes.

✔ Analyze return on investment: Vacation rentals remain a profitable option in tourist destinations such as Los Cabos.

✔ Get expert advice: Working with a trusted real estate company can help you make strategic decisions in this changing market.

Looking to buy or sell in Baja California Sur?

At INMOBILIARIA FH, we are committed to offering personalized advice to guide our clients in this dynamic real estate market, ensuring informed and beneficial decisions.

🔗 Contact us here! 🔗