Guide to investing in real estate in San Miguel de Allende

Source: Thelatinvestor

San Miguel de Allende's property market continues to attract international buyers with steady 3-7% annual appreciation and a UNESCO World Heritage status that preserves its colonial charm.

As we reach mid-2025, the market shows strong fundamentals, with sales volume up 46% and dollar value increasing 38% year-to-date compared to 2024. The average home price now sits at $540,000 USD, driven by high demand from North American retirees and limited inventory in the historic Centro district.

How have San Miguel property values changed, and where are they heading?

San Miguel de Allende's property values have appreciated steadily at 3-7% annually over recent years, with the market showing remarkable resilience and continued growth potential as of June 2025.

The average home price now stands at $540,000 USD, representing significant growth from previous years. Sales volume increased 46% year-to-date compared to 2024, while dollar volume rose 38%, indicating both more transactions and higher prices. This trend reflects continued strong demand from North American buyers seeking retirement destinations or second homes.

Looking forward, several factors support continued appreciation. The city's UNESCO World Heritage status limits new construction in Centro, creating permanent scarcity. The growing expat population, now exceeding 15,000, maintains steady demand. Infrastructure improvements and the city's increasing international profile through art festivals and cultural events attract new buyers annually.

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