Published On: Thu, Jul 20th, 2017

San Miguel de Allende, a great option to invest in Real Estate

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Mexico, Jul. 18 (Notimex).- For its tranquility, architectural and cultural beauty, the city of San Miguel de Allende, Guanajuato has become one of the best destinations to travel, but also to invest in real estate, according to the real estate portal Lamudi.

In a statement, the company said that the average price of a house in that city is in the neighborhood of $520,600 U.S. dollars, while an apartment requires an investment of at least $440,600 U.S. dollars.

It said that in San Miguel de Allende, a city recognized as the best place in the world to live in 2017 by world famous travel American magazine Travel + Leisure, rents range from seven thousand five hundred, to nine thousand pesos a month.

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On the other hand, the real estate portal mentioned Oaxaca as another favorite place to live by nationals and foreigners, where buying a house requires an investment of approximately 2,900,000 pesos (approx. $165,000 USD).

While an apartment can cost up to two $2,100,000 pesos ($120,000 USD); while rents range between 9,400 and 15,600 pesos a month.

Source: http://www.notimex.gob.mx/

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