Should I buy or rent a home in San Miguel de Allende?

If you have not spent a lot of time in San Miguel de Allende, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"Whether you should buy or rent a home depends on your personal circumstances and goals. Buying a home in San Miguel de Allende can be a great long-term investment, as the city's rapidly growing economy and attracting foreigner-friendly lifestyle mean that property values are likely to increase over time. On the other hand, renting in San Miguel de Allende gives you the flexibility to move around if needed, without the entanglement of a long-term commitment or ownership costs. In either case, it is important to research all of the options for housing before you decide, as the benefits and costs will vary depending on your unique situation," mentioned another expat when asked about moving to San Miguel de Allende, Mexico.