How much would you pay for this old house?

Antigua's real estate

Buying a house in Antigua is a proposition beyond the economic means of most Guatemalans, sometimes, even so for foreigners. On June 15th I told you that Antigua’s building code does not allow for two or more floors houses, and because Antigua can not grow beyond its original 10×10 block grid (maybe a little more), real estate is in very high demand. Thus, the price of real estate has gone to the sky. Real estate in Antigua can be as expensive as in California or New York.

You ask yourself, so what is the big deal? Well, if you consider we are talking about a tiny town in the mountain range of Central America, Guatemala to more specific, a third world country, with all the problems in justice, education, public transportation, infrastructure, safety, et-cetera. Then, it becomes obvious the real estate is over valued. But, the laws of supply and demand pay little respect to reason.

In real estate they are three laws you have to follow to make your best purchase: location, location, location. We all heard it before. The house on this photo is exactly two blocks from the Parque Central (main square), which is reason enough to make this house into a very expensive proposition. If you are still interested in having an idea about the prices of real estate in Antigua, visit the two main realtors: Carstens and Casa Nova.

So, how much would you pay for this old house?

© 2006 – 2016, Rudy Giron. All rights reserved.

Related Posts Plugin for WordPress, Blogger...
  • Real estate prices anywhere in the world is ridiculous. it doesn’t matter much anymore whether it’s 1st, 3rd or Semi-developed countries.

    Reading this post of yours, it makes me wonder who pockets the profits. Something we go through here in malaysia on a daily basis.

    I’m not sure how much I’ll pay. How many sq. feet is it? By the looks of it I’ll say USD 30-45k.

  • Edwin, I will multiply it by 10; that is my guesstimate.

  • Rudy, owning a house is too much of a burden for me, at least mentally 😉

    Hey, that’s very interesting information about hurricane you gave and the story is pretty similar in Chinese/Japanese for typhoon. Thank you and I hope Kala will see that.

  • I can’t guesstimate, but I can say I love lookign at your pictures and reading your commentaries!

    Greetings from Sydney.

  • Yobabe

    Do not forget,this house is located in a beautiful place known as Antigua Guatemala,beautiful climate,excellent enviroment,so the price is well invested.

  • Pingback: Antigua Guatemala Daily Photo » 2006 » August » 10()

  • Monica

    I agree with Yobade. This house might be really old and it is located in a World Heritage Site. Think a hoouse in Tikal National Park or in any of those WHS in the world. the weather is another factor. We have a lovely all-year-round sunny ski (even on rainy season we get sun!) and that’s something you cannot get in a lotof places. The thing gets tricky when you start adding all the bad things that Guatemala is going Through. I don’t want to get into politics here. But hopefully one day we will have aothorities that caremore aobut their country than their pockets and fame.

  • Monica

    almost forgot to mention. I am a Guatemalan living in the Caribbean. I just found this blog and it is killing me how well it shows my country and my beautiful town La Antigua Guatemala. Thank You!

  • Mónica: muchas gracia por la visita y tus comentarios. Conozco a varias personas con el apellido Polomo aquí en La Antigua, perhaps some of your relatives. I enjoyed your compliment very much because that is exactly what I set out to do with this blog: to show life as I see it in this old town.

  • This house is currently worth in the neighbourhood of 400K… it was redesigned (to what i have been told) with exceptional taste. Loacted close to the park, it has both a historic and comfortable living value associated with it.

    Above, pardon my intrusion, is a blurb about visiting established realtors in town… ours is Bamboo Group SA and we would be happy to advise on investors and those interested in selling their property here in Antigua… this is what we do best.

    Thank you for the opportunity to comment both on the property and on lovely Antigua. I have been here now for 5 years and Central America living is certainly one of the finest places i have lived in my life.

    Peter
    http://www.bamboogroupsa.com

  • Thanks Peter for let us know the going price for this property.

  • Pingback: Antigua Guatemala Map | AntiguaDailyPhoto.Com()