Five Most Expensive Places to Buy Property in Mexico
Mexico is an amazing country known for its culture, food, temples, and beach destinations like Cancun. It is the 14th largest country by land area and the 22nd most popular country in the world. This country has a rich economy and it is a famous destination among tourists.
There are many regions to visit, and it is the number one country in the world for its museums. People who want to live here can buy amazing properties, so here is the list of five most expensive places to buy property in Mexico.
Merida is a lively and vibrant capital of the Mexican state. It is a great place to live and visit. This place is close to Mayan ruins. It has colonial architecture, a steamy climate, and the Caribbean atmosphere.
This city has many buildings made of white stones. There are no beaches in the city, but there are many beaches within an hour’s drive or less. It is becoming one of the top destinations in Mexico to live in. You can buy a house of 1,600.14 sq ft with 2 to 3 bedrooms at an average price of $200,000.
Cancun is a beautiful Mexican city known for mesmerizing beaches, numerous resorts, and amazing nightlife. This city is composed of 2 district areas, the traditional downtown area, and a long beachfront strip of high-rise hotels and nightlife area.
To buy a 1,600 sq ft home, you need to spend about $250,000. The real estate near the beach can run up to 50% higher.
- Los Cabos
Los Cabos is more expensive than other Mexican resort areas. It is a cooler and drier place, similar to the amazing weather in southern California. There are many luxury restaurants, shops and accomodations on which you can spend hundreds of dollars.
The housing market of Los Cabos is rebounding as new. Los Cabos encompasses two towns, San Jose del Cabo and Cabo San Lucas, and these are the most popular tourist destinations. Los Cabos is among the best places to invest because of the beautiful sceneries and Mexican flavors.
It offers a variety of properties. You can buy a decent apartment with three bedrooms and 3-bathrooms, 1,600.5 sq ft at an average price of $347,000.
- San Miguel de Allende
It is a magical town in Mexico’s central state of Guanajuato. This town is famous for well-preserved Spanish and Colonial architecture. There are amazing buildings, shopping centers, the art market, and so much more.
Anyone can fall in love with this magical town, and tourists come to visit this place again and again. This town is not only rich in Mexican culture, but it also attracts foreign retirees, artists, and writers.
There are many beautiful apartments and houses that you can buy in San Miguel de Allende. According to the cash buying company Quick Property Buyer, you can buy a 1,600 ft sq house with 2 to 3 bedrooms at an average price of $420,000.
- Mexico City
Mexico City is the densely populated capital of Mexico. Mexico City has become a popular destination among tourists. This city is the center of anthropological history and has amazing art. There is so much to explore in this city. The nightlife is also amazing. Owning a property is perfectly legal in Mexico City.
Mexico City is the most expensive place to buy residential property in Mexico. Acquiring a decent property costs more than 4 million Mexican pesos per residential unit. You can buy a beautiful house of 4-bedrooms and two bathrooms, 1,600.9 sq ft at an average price of $500,000.