A short answer to the question “is the real estate market changing in San Miguel de Allende?” Is, yes, it seems to be changing. The big question is, are the changes a long term response to economic changes, or a short term correction. Last year (2017-2018) during the high season from October to March prices were rising rapidly and buyers seemed willing to pay high premiums to live in or near Centro Histórico. The cost of land in Centro Histórico was being valued at $2,200 US per square meter and buyers were paying those prices. Sellers were receiving multiple offers on million dollar properties if they were in the best locations, and inventory was tight.
There are three major airports you can choose from if traveling to San Miguel de Allende but all of them require you to take some form of ground transportation to arrive in San Miguel de Allende. Leon (BJX) and Querétaro (QRO) are your closest options but there is limited services to these airports and you may find much cheaper flights arriving in Mexico City. If you are considering purchasing a house for sale in San Miguel de Allende we encourage you to contact us and we can help you with your transportation to and from our beautiful Colonial city.
One reason San Miguel de Allende is such a popular destination for visitors and expats is its schedule of events and activities that run throughout the year. It’s because there is so much to do here that people from around the world are choosing to purchase real estate for sale in San Miguel de Allende and live here part time or even full time. Whether you are attracted to outdoor activities, classical music, fine art, writing, fine dining, or travel, or all of these things, you can find activities in San Miguel de Allende that are right for you. This article takes a look at just a few of our favorite annual events and activities that draw people to San Miguel de Allende and help to make the city such an interesting place to visit or live.[Read more…]
When it comes time to put your home for sale in San Miguel de Allende hopefully it has received regular maintenance and upgrades to furniture, curtains, appliances so that it strikes buyers as a place they can move in to right away. But in reality, this often isn’t the case. Here are some tips to staging your home in San Miguel de Allende. Is it a good idea to start renovating rooms, adding new granite counters, replacing outdated furnishings to get the best price for your home? Unless you plan to tackle the whole house, doing piecemeal improvements probably won’t pay off in terms of your final sale price.
If renovating your entire home isn’t in the cards, don’t start fixing individual spaces unless they are literally in such bad condition they will shock the buyer. Here are three simple things you can do to improve your home and add value right away.
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, pleasant weather, thriving culture, colonial architecture and popularity as a tourist destination make 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 buy real estate in San Miguel de Allende and is full of activity. The cost of property in Centro Histórico is around $2,000 US per square meter. But outside of Centro Histórico you can find properties that are 10-15 minutes walking distance from Centro at a more affordable price range of $250-$500 per square meter. [Read more…]
Every foreigner arrives in Mexico with their own expectations of what life will be like here. We live in San Miguel de Allende and your experience here will be different from other areas in Mexico because of the large population of Expats. Communicating in San Miguel de Allende is fairly easy because most people you interact with in stores and restaurants speak some English, but beyond communicating, there are going to be many differences to adapt to. Some people adjust easily to a different culture and others will find the differences more challenging to live with. [Read more…]