Investing In Guanajuato Real Estate

For a while San Miguel de Allende, Guanajuato's larger neighbor, was the only one that got property buyers' attention. 

However, buyers have recently begun trickling into Guanajuato as the prices in San Miguel rose out of their range. "San Miguel de Allende had been the place to buy property. 

In fact, it was not uncommon for a couple to come for a week's vacation and leave with a new home in their hands. The prices there have driven the market here," said one citizen, who is also a longtime resident of the city.

The real estate market in Guanajuato lacks homes that meet international buyers' standard. 

The paltry supply of such properties makes available homes expensive, but prices are still reasonable when compared to other areas of the country, especially those on the coast.

While the advantages of investing in Guanajuato real estate include its obvious attractiveness to tourists from around the world, its location and steep streets can be limitations. 

The city suffers from bouts of traffic jams but the government is investing in public transit. However, retirees, who make up a bulk of international property buyers in Mexico, may find the steep roads of Guanajuato hard to navigate if they are not in good health.