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San Miguel de Allende Real Estate in Mexico

 

San Miguel Allende has been voted World´s Best City by the readers of Travel + Leisure magazine. So what makes this city so attractive? And why are there so many expats moving here? What is the San Miguel de Allende real estate market like?

To find out I spoke with James Guzman, a San Miguel de Allende real estate buyer’s agent and resident of the the city.

San Miguel de Allende real estateLatinCarib: James, why have you chosen live in San Miguel Allende?

“I think it’s a very beautiful place. The architecture is great, and it is a relatively inexpensive place to live, especially if you shop at the local markets.”

LatinCarib: What about San Miguel de Allende real estate costs?

“Less than $100,000 USD can get you a nice house in San Miguel de Allende. There are a lot of high-end, beautiful homes for those who have the money. It’s most expensive near the city centre, but once you go further outside of the city you can find a house for $150,000 USD. You will need a car, though, but that price will get you a 1 or 2 bedroom home in San Miguel.

There are also many lots available, between $150,000 and $170,000 range, and only a 10 minute drive from the town centre.”

LatinCarib: What types of homes can you expect to find here?

“There are many wood and brick ceiling and lots of rustic homes. There are also a lot of hacienda-style houses. San Miguel de Allende hacienda houses are built around a central courtyard. Some people will build 2 or 3 casitas on the property and rent them out.”

LatinCarib: What is life like for expats in San Miguel de Allende?

“The locals in this city are very used to expats. In fact, it is more Americanized than other parts of Mexico. So as a resident who does not yet speak the language you don’t need a lot of Spanish. Many Canadian snowbirds and American expats have made it their home. There are a lot of communities with apartments and condos in San Miguel de Allende.”

LatinCarib: What about vacation rentals in San Miguel? Can you get a good return on your real estate investment if you buy here?

“Yes. The San Miguel de Allende real estate vacation rental market is very good, it’s gone a bit crazy. You can find a 4 bedroom in the centro area. You are looking at about $750USD/month for vacation rentals.”

LatinCarib: What about medical care and health insurance in Mexico?

“There are several hospitals here, from low end to high end, and one that is private. They are in the process of building a new hospital in Queretaro, which is 40 min away. There are many clinics and 2 hospitals, and they are currently building a third. Also, a lot of people opt for expatriate health insurance for a piece of mind.

And the people here are at the centre of a green movement, so there is locally grown food and lots of markets and fresh local produce.”

LatinCarib: What can an expat expect in terms of a social life?

“It’s a place where you can make friends very quickly. There is a lot to do, with very friendly people living here.

There are many festivals throughout the year and plenty of culture. You don’t really need a car.”

LatinCarib: What else makes San Miguel de Allende so attractive?

“We have great weather year-around, with an average of 67-75 degrees. Close by we have a hot spring, a cathedral, a lot of good world class restaurants in many traditional styles.”

LatinCarib: What future do you see for the city? And real estate in San Miguel de Allende?

real estate in San Miguel de Allende“It is growing as a tourist area and will continue to do so. There are going to be many changes to the infrastructure, so in 5-10 years it will be unrecognizable. It was ranked as #1 by Conde Nast 3 years ago.

And the award from Travel + Leisure this summer was a huge boost. More people will keep coming here, so there is a lot to look forward to.

Finally, there the San Miguel de Allende real estate market should remain a very strong real estate market in Mexico. The market is growing with new property developments filling in with new houses and condos developments aimed at all price points for San Miguel real estate buyers.”

To find our more about the San Miguel de Allende real estate market by contacting James Guzman. James also offers a San Miguel de Allende Relocation & Real Estate Tour.

And read our guide to buying real estate in Mexico.

San Miguel de Allende Real Estate for Sale:

 

Sales

San Miguel de Allende Ranch For Sale in Mexi...

$ 1,250,000 USD
20 Hectare ranch for sale in San Miguel de Allende Mexico. Just 20 minutes outside of town, this ranch boasts a new 3 bedroom, 3 bathroom home built around a 16th century chapel. Underground water, el [more]
20 Hectare ranch for sale in San Miguel de Allende Mexico. Just 20 minutes outside of town [more]
33 250,00 m2full info
Investments

San Miguel de Allende Investment Property fo...

$ 439,000 USD
San Miguel de Allende investment property for sale in San Miguel de Allende’s lively centro district. This investment property in Mexico is currently in use as an art gallery, but the possibilit [more]
San Miguel de Allende investment property for sale in San Miguel de Allende’s lively [more]
21 136,00 m2full info
Sales

4 Bedroom House for Sale in San Miguel de Al...

$ 355,000 USD
4 Bedroom San Miguel de Allende house for sale situated on a huge lot. The large 3,186 sq. ft. house is in good condition, but with a little design and renovation work could be transformed into your d [more]
4 Bedroom San Miguel de Allende house for sale situated on a huge lot. The large 3,186 sq. [more]
44 296,00 m2full info
Investments

San Miguel de Allende Investment Property fo...

$ 65,000 USD
Endless opportunities with this San Miguel de Allende 2 bedroom investment property for sale in Mexico. This San Miguel investment property’s standard 2 bedroom, 2 bathroom blueprint can be comp [more]
Endless opportunities with this San Miguel de Allende 2 bedroom investment property for sa [more]
22 103,00 m2full info
Investments

Duplex Apartment Investment for Sale in San ...

$ 299,000 USD
San Miguel de Allende duplex apartment investment for sale near the city center. This duplex apartment investment would make for a great real estate investment in San Miguel de Allende. The San Miguel [more]
San Miguel de Allende duplex apartment investment for sale near the city center. This dupl [more]
22 304,00 m2full info
Sales

Furnished House for Sale in San Miguel de Al...

$ 165,000 USD
1 Bedroom, 1 bathroom fully furnished San Miguel de Allende house for sale in central Mexico. This San Miguel de Allende house’s open plan living, dining and kitchen makes it ideal for entertain [more]
1 Bedroom, 1 bathroom fully furnished San Miguel de Allende house for sale in central Mexi [more]
11 104,00 m2full info
Sales

3BR Villa Jardin House for Sale in San Migue...

$ 190,000 USD
3 bedroom San Miguel de Allende house for sale in Villa Jardin development. This home features 3 bedrooms, 2 full bathrooms plus another 2 half bathrooms, dining, laundry, study, balconies, roof terra [more]
3 bedroom San Miguel de Allende house for sale in Villa Jardin development. This home feat [more]
33 240,00 m2full info
Sales

San Miguel de Allende 1 BR Apartment for Sal...

$ 209,000 USD
Fantastic San Miguel de Allende city apartment rental or part time residence opportunity with this single bedroom apartment for sale in San Miguel de Allende. Literally minutes away from El Jardin in [more]
Fantastic San Miguel de Allende city apartment rental or part time residence opportunity w [more]
12 84,00 m2full info
Sales

Ceramic Tile Business for Sale & Real E...

$ 264,000 USD
San Miguel de Allende ceramic tile business for sale – 26,000 sq. ft. commercial art studio for sale, 15 minute drive from San Miguel de Allende. The real estate is also included with this comme [more]
San Miguel de Allende ceramic tile business for sale – 26,000 sq. ft. commercial art [more]
1 167,00 m2full info
Investments

San Miguel de Allende Condo Investment for S...

$ 230,000 USD
Fantastic San Miguel de Allende hotel condo investment opportunity with this 2 bed condo investment for sale in Mexico. This 2 bedroom, 2 bathroom condo is part of ‘La Puertecita’ boutique [more]
Fantastic San Miguel de Allende hotel condo investment opportunity with this 2 bed condo i [more]
22 116,00 m2full info
Sales

Two Bedroom House for Sale in San Miguel de ...

$ 265,000 USD
Modern two bedroom house for sale in San Miguel de Allende, Mexico. Stylish house with plenty of natural sunlight, featuring 2 bedroom suites, 3 bathrooms, single car garage, two terraces, office, plu [more]
Modern two bedroom house for sale in San Miguel de Allende, Mexico. Stylish house with ple [more]
23 214,00 m2full info

San Miguel de Allende House Under Constructi...

$ 49,000 USD
Partially completed house for sale in San Miguel de Allende, Mexico. This under construction house for sale in San Miguel enjoys a great location in Independencia, as well as the opportunity to build [more]
Partially completed house for sale in San Miguel de Allende, Mexico. This under constructi [more]

San Miguel De Allende Mexico 5 Bed/3 Bath Ho...

$ 319,000
This has Sold – But I have more San Miguel de Allende real estate for sale. Please contact me below. And I act as a buyer’s agent in San Miguel to find you exactly what you are looking for [more]
This has Sold – But I have more San Miguel de Allende real estate for sale. Please c [more]
53 250,00 m2full info

If you would like to list your San Miguel Allende real estate please click here. Or contact our San Miguel Allende real estate agent.

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