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
Top-paying jobs Orthopedic surgeons take home a median $410,000 in salary and bonus annually. What other great careers from CNNMoney and PayScale.com's list of Best Jobs in America offer hefty paychecks? More
Fastest-growing jobs Demand for IT security consultants are projected to grow a solid 37% between 2012 and 2022. What other careers on CNNMoney and PayScale.com's list of America's best jobs will see big opportunities? More
Best Jobs in America CNNMoney/PayScale's top 100 careers with big growth, great pay and satisfying work. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.