Oaxaca’s Jalatlaco Looks the Way It Did 100 Years Ago
BY NANCY A. RUHLING
Colorful buildings and cobblestone streets are marks of Oaxaca City GETTY IMAGES
Jalatlaco, a centuries-old romantic neighborhood in Mexico’s Oaxaca City, is a placid place defined by its ever-present past. Typically, prices start at US$180,000 for a two-bedroom, two-bathroom house, according to Dolores Pérez Islas, general director and CEO of the real estate investment company Silmexico.
“The average house in this price category is a fixer-upper that needs some love to regain its beauty,” she said. “Most of the properties have been under the same ownership for more than 50 years.”
Homes in a great location on one of the neighborhood’s main streets in the main square command US$800,000 to US$1.5 million, she said, noting that “they have potential to be boutique hotels or Airbnbs. “Lately, we have had some grand old estates that were remodeled by some international buyers who are moving back to their countries. These properties represent a great opportunity to access a stunning property in a fantastic location.”
SILMEXICO is the result of the synergy of professionals with an international experience in the hospitality and real estate business. Our familiarity in the hotel industry gives us the opportunity to provide services to customers from all over the world. We go far beyond the real estate sales transactions. We developed an entire system committed to bring the maximum value to our investors. Therefore, we use our wide range of services in the real estate business to diversify our portfolio in Mexico, Belize and soon Guatemala.
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