Real Estate San Miguel de Allende
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Real Estate San Miguel de Allende
SUMMARY: Real estate San Miguel de Allende agents say this area of Mexico is going to be the next best place for retirees. A wealth of affordable retirement communities are being built, allowing luxurious living for just $1,400/month!
According to the AARP, the caliber of real estate San Miguel de Allende provides is top-notch - even compared to popular destinations south of the border like Puerto Vallarta, Guadalajara, Lakeside and Pacific Coast. In a recent article titled "La Vida Cheapo," they gave the real estate in San Miguel de Allende a 10/10 for beauty, the neighborhoods a 7 for charm, a 10 for culture and a 7 for other Americans. They admitted there were some obnoxiously wealthy patrons, a bit of traffic and some McMansions, but over-all the ambiance was amazing. The schools, restaurants and shopping were all "world class" and the medical facilities weren't too shabby either. "I left my heart here and coming back someday," confesses one of the reviewers, Thia.
Professional real estate San Miguel de Allende agents say the cobblestone streets, pastel houses and picturesque gathering places have a cozy artistic appeal that just makes people never want to leave here. The weather's not too hot, clammy or riddled with mosquitoes; the shops and eateries are delicious but far from commercial; and the shopping plazas are packed with one-of-a-kind artwork, local ceramics, antiques and clothes. While locals say the house prices and utility prices are rising each year, the town has grown into a mini-metropolis and only the affluent can afford the town real estate in San Miguel de Allende, an American expat can live extremely well off just $50,000/year. They can eat out, take weekend trips out of town, send plane tickets to relatives and live the good life for far less.
Retiree Homer Hill never thought he'd be calling real estate San Miguel de Allende agents to find a home; but then again, he also never imagined having his own housekeeper who cooks, gardens and cleans six days a week for $100/week either! A number of retirees are living like kings in Mexico, enjoying the nice weather and taking more time to do the activities they enjoy most. Other retirees suddenly became entrepreneurs, renting out rooms of their estate as bed-and-breakfasts.
Real estate San Miguel de Allende developers say a new industry is emerging in town offering housing, meals and round-the-clock care for just $1,400/month. Comparable assisted-living care in the US would cost at least $6,000/month, says Sergio Chazaro, a developer who is opening Mexico's first assisted-living community at Cielito Lindo (a Spanish phrase meaning "pretty one.") The community is adorned in natural wood and stone, as well as vividly painted walls and classic Spanish-style architecture with rounded entryways, Spanish roof tiles, giant pillars and gardens everywhere. Residents will enjoy swimming pools, hot tubs, restaurants, sight-seeing tours, bus trips to the square, a workout center, tennis courts, saunas, steam rooms and art rooms. Each person (or couple) can live in the nicest real estate San Miguel de Allende can provide, including 1,400 square feet of space, with a private terrace, two full bathrooms, two bedrooms, a fully equipped kitchen, a laundry facility and a pantry area, with all utilities and maintenance included.
"We have thought that being so close to the United States. that many of them would move here for a better price, a better climate and marvelous attention," explains Sergio Chazaro. With ten more retirement facilities being currently developed and another ten in the planning stages, he feels real estate in San Miguel de Allende is poised for a massive influx of retirees in the coming years. Javier Godinez, director of the Mexican Association of Retirement Communities, adds, "Maybe we won't be like Miami or Tucson in five years, but in ten years, believe me."