Real Estate in San Pedro La Laguna, Guatemala
Last updated on Oct 10, 2024
Summary: The most desirable neighborhoods in San Pedro La Laguna, Guatemala are San Marcos, San Juan, and San Pablo. The average cost to buy a nice 2 bedroom home in San Pedro La Laguna is around $50,000 USD, while a nice 3 bedroom home can cost around $70,000 USD. These properties typically include a kitchen, living room, and bathrooms. Amenities may include a balcony, terrace, and/or a garden. Foreigners are allowed to own property in San Pedro La Laguna, however, they must obtain a foreign ownership permit from the local government. The best way for an expat to search for a home to buy in San Pedro La Laguna is to contact a local real estate agent or search online for listings. It is also recommended to visit the area in person to get a better feel for the neighborhood and to view the properties in person.
How do I find a place to live in San Pedro La Laguna?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One way to find a place to live in San Pedro La Laguna is to ask around the local community. You can ask people you meet in the town, such as shop owners, restaurant owners, or other locals. You can also ask your friends or family if they know of any available housing in the area. Additionally, you can search online for rental listings in San Pedro La Laguna. There are a variety of websites that list rental properties in the area, such as Airbnb, VRBO, and HomeAway. You can also check local classifieds websites, such as Craigslist, for listings," said one person in San Pedro La Laguna.
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What is a typical expat home or apartment like in San Pedro La Laguna?
"Expat homes and apartments in San Pedro La Laguna are typically modern and comfortable. Many of the homes and apartments have balconies with stunning views of the lake and volcanoes. The interiors are often decorated with bright colors and traditional Guatemalan artwork. Expats can also find homes and apartments with modern amenities such as air conditioning, internet, and cable TV. Most homes and apartments are located in the center of town, close to restaurants, shops, and other amenities," said one person in San Pedro La Laguna.
What is the average cost of housing in San Pedro La Laguna?
If you are thinking about moving to San Pedro La Laguna, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in San Pedro La Laguna varies depending on the size and location of the property. Generally, the average cost of a one-bedroom apartment in the city center is around $200 USD per month, while a two-bedroom apartment can cost up to $400 USD per month. Prices for larger homes and properties outside of the city center can range from $500 USD to $1,000 USD per month," said one person in San Pedro La Laguna.
Should I buy or rent a home in San Pedro La Laguna?
If you have not spent a lot of time in San Pedro La Laguna, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in San Pedro La Laguna can be a great investment. The cost of living is relatively low, and the area is known for its stunning natural beauty. However, it is important to consider the potential risks associated with buying a home in a foreign country. Renting a home in San Pedro La Laguna may be a better option for those who are not ready to commit to a long-term purchase. Renting can provide flexibility and allow you to explore the area before making a decision," said one expat who made the move to San Pedro La Laguna.
What do I need to know when buying property in San Pedro La Laguna?
When we asked expats what advice they would give a foreigner before buying a property in San Pedro La Laguna, they said:
"When buying property in San Pedro La Laguna, it is important to research the local laws and regulations regarding property ownership. It is also important to understand the local customs and culture, as well as the local language. It is also important to be aware of the local infrastructure, such as roads, utilities, and public transportation. Additionally, it is important to be aware of the local real estate market, including the availability of properties, the cost of properties, and the process of buying and selling property. Finally, it is important to work with a reputable real estate agent or lawyer to ensure that the process is handled properly," remarked one foreigner who made the move to San Pedro La Laguna.
Are foreigners allowed to own property in San Pedro La Laguna?
When we asked expats what advice they would give a foreigner before buying a property in San Pedro La Laguna, they said...
"Yes, foreigners are allowed to own property in San Pedro La Laguna. However, there are certain restrictions and requirements that must be met. Foreigners must obtain a legal residency status in Guatemala before they can purchase property. Additionally, they must work with a local attorney to navigate the property registration process, which includes obtaining a tax identification number, registering the property with the local municipality, and paying the necessary taxes and fees. It is also important to note that foreigners cannot own property within 50 kilometers of the country's borders, but San Pedro La Laguna is not within this restricted zone," explained one person living in San Pedro La Laguna, Guatemala.
What appliances are typically included in a rental?
We asked foreigners in San Pedro La Laguna what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in San Pedro La Laguna typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a microwave, dishwasher, and air conditioning unit," said one expat in San Pedro La Laguna.
Additional Information about Searching for a Home in San Pedro La Laguna:
We asked foreigners in San Pedro La Laguna what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in San Pedro La Laguna often start by browsing online real estate websites and local classifieds to get an idea of the housing market. They may also join expat forums and social media groups to ask for recommendations and advice from fellow expats who have already settled in the area. Additionally, they might visit the town and explore different neighborhoods, talking to locals and real estate agents to find suitable properties. Some expats may also consider hiring a local real estate agent who is familiar with the area and can help them navigate the housing market. Word of mouth can also be a valuable resource, as friends or acquaintances living in San Pedro La Laguna may know of available properties or upcoming vacancies," remarked one foreigner who made the move to San Pedro La Laguna.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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