Since San Miguel de Allende was designated a UNESCO World Heritage Site in 2008, the city has experienced a significant boost in its luxury property market, driven by developers and investors. The influx of international hospitality brands has increased competition and diversity in high-end accommodations, solidifying the city’s appeal as a tourist destination. Not only has this impacted the hotel sector, but it has also led to a notable rise in the prices of new residential properties, indicating a strengthening of the local real estate market.

Recent reports suggest that the average price per square meter for residential properties has surged to approximately 43,630 pesos, with some listings reaching as high as 108,000 pesos per square meter. This increase in property values highlights the growing demand and desirability of living in San Miguel de Allende, which is further evidenced by the 36 active development projects in the area. This trend suggests a robust future for the housing market as both domestic and international buyers recognize the city's unique blend of cultural heritage and modern luxury living.

Furthermore, the continued investment in luxury housing and tourism in San Miguel reflects broader economic trends in Mexico, where international recognition can drive local growth and development. As more brands establish their presence in the city, the lifestyle and economic opportunities available to residents and visitors alike could expand, setting the stage for an even brighter future for San Miguel de Allende as a premier destination for luxury living and tourism.