San Miguel de Allende Real Estate
Property in San Miguel de Allende
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San Miguel de Allende real estate
SUMMARY: San Miguel de Allende real estate entices expats from the US, Canada and Europe with its seductive weather, charming properties and affordable living. Retirees rent or buy from a number of realty companies and they can even take out a mortgage from an American bank to live there.
More than 1.5 million Americans own Mexican real estate. In San Miguel de Allende real estate, 11,000 of the 88,000 residents are foreign ex-pats from the US, Canada and Europe. Americans can purchase their mortgages through US-based banks like Houston's Conficasa Holdings, Birmingham's Collateral International, Phoenix's Marshall & Ilsley and Florida's Lionhead Realty Services. Obtaining exclusive beachfront property is still a hurdle, however, and buyers can expect to pay 6% closing, as opposed to the normal 1-2%. That's not necessarily a bad thing, explain local title companies, as some of that extra money is used to protect foreign investors.
San Miguel de Allende real estate was a Beat Generation hangout during the Vietnam War years, attracting a number of artists, writers and army defectors. Today the AARP calls San Miguel "the crown jewel of Mexico" and one of the nicest, cheapest places to retire. Residents say that San Miguel de Allende real estate is every bit as beautiful as its much-talked-about neighbor Puerto Vallarta, but the heat isn't as unbearable in San Miguel, there are no plagues of mosquitoes and there aren't as many McDonalds or Taco Bells tainting the landscape. "It's more authentic," one couple describes, adding that they live well off $50,000/year, including eating out three times a week and sending plane tickets to their three kids each year for a visit.
A number of retirees choose to rent their San Miguel de Allende real estate, rather than buy, since most rentals come fully furnished with maid and gardening services included. Architectural features almost always include large tropical gardens with water features, brilliantly painted walls, arched doorways, Spanish tile roofs, mosaic tile floors and a lovely view. A fully furnished 3-4 bedroom might lease for $1,800/month, but smaller abodes can be discovered for as low as $700/month. Apartment rentals start around $575/month.
Buying San Miguel de Allende real estate generally runs from $80,000 for two bedroom condominiums in traditionally Mexican communities to millions of dollars for dramatic luxury estates on pristine acres of lush green land. Buyers can get a stunning two bedroom condo with a pool, garage and Jacuzzi in a gated expat community for $125,000 - $150,000 or a 3 bedroom family estate starting in the high $100s.
There are a number of real estate companies looking to help newcomers to San Miguel de Allende real estate. San Miguel Properties owned by Steve Prichard has a number of experienced bilingual agents offering properties starting at $55,000. Reasonable luxury abodes in a gated community can be purchased from $109,000 - $219,000 through San Miguel Villas. Colonial Real Estate, headed by Alma Cecilia Ramirez, specializes in downtown homes, mansion estates and affordable condos. ABC Realty has thirty years of experience in San Miguel de Allende real estate.
People with open minds and open hearts find that they are well accepted and integrated into their communities. Expats say they love the weather, the history, the architecture, the swimming pools, the outdoor cafes, the fresh coffee and the cultural events they are privy to by living in San Miguel de Allende real estate.
Guía Mariposa is a San Miguel de Allende directory. Our main listings include: San Miguel de Allende Hotels, San Miguel de Allende Shopping, San Miguel de Allende Restaurants, San Miguel de Allende Bars, San Miguel de Allende Services and San Miguel de Allende Real Estate
We serve the following States, Cities, Zip Codes and Counties:
San Miguel de Allende, Queretaro, Guanajuato, Leon, Dolores Hidalgo, Celaya, Salamanca