Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Mexico is on sale

The triple threat of swine flu, the recession and violent crime has frozen Mexico's expatriate real estate market. Here are 6 bargains to be had south of the border.

1 of 6
BACKNEXT
San Miguel de Allende
La Jolla, CA
1 2  
Price: $557,000

Bedrooms: 2
Baths: 2.5
Square feet: 3,500

Description: San Miguel de Allende, which was founded in 1542, lies in the central highlands north of Mexico City. Fabulous weather, natural beauty, cobblestoned streets and colonial buildings attract travelers year after year to this city of about 60,000.

Its status as one of the top expatriate destinations took off in 1946, when the first wave of American ex-servicemen arrived to study art here. Low prices were an irresistible lure: They rented houses for about $10 a month.

This gorgeous house is a little more expensive but still a bargain. It is of Mexican-colonial design, with a central courtyard and lovely garden, and is bathed in natural light, which is captured by numerous high-arched windows. There are columned hallways, beamed ceilings, a lounge with stone fireplace. Modern touches include cable and wireless Internet, solar hot water and photovoltaic panels.

More info: Coldwell Banker Bienes Raices
NEXT: Manzanillo
Email | Print | Share
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Last updated April 27 2010: 6:55 PM ET
More Galleries
This Indian university cranks out top-tier tech execs Many graduates from the Indian Institute of Technology have gone on to start and lead global tech companies. Here are a few of the most notable alums. More
Most valuable American car up for auction Carroll Shelby's own very first Shelby Cobra will be sold in August. It's almost certain to be the most valuable American car ever sold. More
Kilts business wants to end "tyranny of trousers" for men Utilikilts founder Steven Villegas wants utility kilts to replace pants as mainstream menswear. More

Special Offer