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palvarado

Feb 2, 2004, 6:59 AM

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real estate appreciation rates

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Hi, does anyone know what type of annual appreciation you see in houses in SMA? Is it a steady so-much percent like many areas in the u.s. or not so predicatable? I would like to be able to compare it with appreciation of my home here in the US. I am wondering where it is appreciating faster, i.e. is it to my advanatage to wait longer to sell here or am I slowly getting priced out of the market there.

Thanks,

Patricia

gpk

Feb 2, 2004, 7:55 AM

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Re: [palvarado] real estate appreciation rates

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There is no "guaranteed" appreciation anywhere in Mexico--including San Miguel de Allende. A former neighbor of mine in SM just sold her house for about what she paid to have it built 4 years ago. Other friends have rented their house because they were unable to sell it for more than they paid. The first house is in the lower price range, the other in the mid-range.

D.G.

Feb 2, 2004, 10:42 AM

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Re: [palvarado] real estate appreciation rates

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On the other hand, we bought our house a couple of years ago, and find that similar houses, in a similar location, built by the same builder are now being offered for about 40% more than we paid.

Real estate is generally considered a non-liquid asset, insofar as the value of a piece of property is only what a single buyer and a single seller agree to. That's one of the things that people sometimes forget, much to their consternation.

Basically the price of real estate is akin to a retail transaction in which both the seller and buyer are tying to get the most favorable price they can. I would not speculate on it in either country, and I would not speculate from one country to another. There are just to many factors to consider.