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Proposed Luxury Megaproject Could Remake Cabo Rojo and Price Locals Out
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Proposed Luxury Megaproject Could Remake Cabo Rojo and Price Locals Out
Puerto Rico’s Centro de Periodismo Investigativo (Center for Investigative Journalism) reports on the potential consequences of the Esencia project in Cabo Rojo on the housing crisis in the territory: The CPI found that the median sale price of properties in Cabo Rojo rose from $129,500 to $200,000 between 2019 and 2024 — a 54% increase — after analyzing sales data posted on the real estate platform TasaMax. The Esencia project was announced in…
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