The Real Estate market in San Miguel de Allende has shown significant gains for investors after the US recession in 2008. It has become one of the top destinations for buying a second home by US and Canadian residents. There are a number of reasons which make San Miguel de Allende an obvious choice for retirees, young expats, and real estate investors.
Its world heritage status by UNESCO, Most livable city in the world tag, pleasant weather, thriving culture, colonial architecture and high tourist influx makes it a great place for Mexican and US buyers to invest. The cost of buying land here varies, depending upon whether it is located in Centro or the surrounding area. Centro is one of the most desirable areas to visit in San Miguel de Allende and is full of activity, the cost of property here is around $1,400 US per square meter. But outside of Centro Historico you can find properties that are 10-15 minutes walking distance from Centro at an affordable price range of $250-$500 per square meter. [Read more…]