Loiza or Cabo Rojo to buy

edibxgrl wrote:

Hola,

Looking to buy an apartment (condo) for vacation and possible retirement -- l live in NY and traveling to P.R. soon to look at properties in Loiza and in Cabo Rojo.

Any opinion as to prices, area?  Thanks.

Before you put money down, you should visit the island several times and get to know the island better. What makes you happy and what makes me happy are likely to be different.

Here are some possible locations: Luquillo, Fajardo, Palmas del Mar in Humacao, Rincon, Condado, Old San Juan.

As to prices, they are all over the place, it all depends on location, luxury and many other options. Do note that Most of San Juan areas like Condado and Old San Juan do not have good beaches but they are popular with Vacationers because that is where they land, there are much better beaches and places to live.

You can use this site to get an idea of prices.
https://www.clasificadosonline.com/RealEstate.asp

edibxgrl wrote:

Thanks ReyP -

I actually am from P.R. although grew up in NY.  My parents' family are from Vega Baja/Vega Alta.  I was wondering if anyone had any ideas as to condo pricing (relative to area) in Loiza and/or Cabo Rojo.  I agree w/you re: beaches, although I'm thinking of Loiza due to its proximity to airport/San Juan area.

Loiza tend to have a lot of beach erosion and also lots of flooding, Luquillo is not that much farther.

Enter the two locations, one at a time in the clasificados page and you should get a good idea. Also there is a difference between a studio condo and a 3 br condo 2 bath. When asking range of pricing you need specify the bedrooms and baths. But you are looking at 90 to 140k, unless you are looking at repos which may go for less. Condado you can also get a 200-1.2 mil condo depending on building and how far from the beach.

Use the link

edibxgrl wrote:

Sounds exciting.  Will surely put it down on my bucket list for next time I travel to Cabo Rojo.  And yes, we are set on buying there despite the distance from SJU.  But will focus on what airlines/when are flights more frequent, throughout the year, etc., although, I see it more like my very own private paradise.  My guest will just have to find a way to get to us (hahaha).  Will keep you posted!

Most flights are in and out of SJ, but if you don't have to flight often, then it is a blessing, enjoy your paradise and you will also be close to a large English community when you feel you need the contact.

edibxgrl wrote:

My guest will just have to find a way to get to us (hahaha).  Will keep you posted!

My understanding is that the short-term rental market in Cabo Rojo is predominately locals.  Rentals in Loiza/Luquillo/Fajardo are more likely to be for "los afuertos".

Of course, if the idea is to buy in the area that you find most appealing and then rent when you are away, well then follow your bliss.