Journal 6 briefings
The Journal
Long-form analysis, published when we have something worth saying rather than on a content calendar.
We publish when the data says something that is not already being said. That means fewer pieces than a brokerage blog, and it means the ones we do publish tend to contain the figure nobody else wanted to print.
-
01 Neighbourhoods
The Best Neighbourhoods in San Miguel de Allende for Real Estate Investment in 2026
Nine neighbourhoods, nine different markets. A data-led guide to the best neighbourhoods in San Miguel de Allende for investment in 2026, and what to avoid.
-
02 Market Intelligence
What Airbnb Actually Pays in San Miguel de Allende: The Full Distribution
The median San Miguel de Allende Airbnb grosses $13,152 a year, not the figure agents quote. The full revenue distribution, tier by tier, and what comes out of it.
-
03 Analysis
San Miguel de Allende vs. Merida: A Real Estate Investment Comparison for 2026
San Miguel de Allende vs Merida real estate, compared on the metrics that matter: appreciation, entry price, safety ratings, STR yield, and supply constraint.
-
04 Analysis
Is San Miguel de Allende Safe for Expats? What the Data Actually Shows
Is San Miguel de Allende safe for expats? The Guanajuato Level 3 advisory describes cartel violence 80km away, not SMA. What city-level data actually shows.
-
05 Market Intelligence
San Miguel de Allende Real Estate in 2026: What the Data Actually Says
San Miguel de Allende real estate in 2026: volume up nearly 25 percent, average prices down 12.6 percent, and what that contradiction means for buyers.
-
06 Legal Clarity
San Miguel de Allende Requires No Fideicomiso. Here Is What That Actually Means for You.
No fideicomiso is required in San Miguel de Allende. The city sits outside Mexico's Restricted Zone, so foreigners own on direct fee-simple title. Here is why.
Common Questions
Is San Miguel de Allende safe?
San Miguel itself has not seen the security events that have affected other parts of Guanajuato, but it is not insulated from the state it sits in, and any analysis claiming otherwise is overselling. The journal entry on this question sets out what the published data does and does not support.
How much can a San Miguel de Allende short-term rental earn?
The median short-term rental in San Miguel grosses about US$1,096 a month before costs. Marketed figures usually describe the top of the distribution rather than the middle, and the full spread — top decile down to bottom quartile — matters more than the median on its own. The permit and tax stack comes off that gross.
San Miguel de Allende · Heritage Equity
The report no agent will send you.
The SMA Wealth Intelligence Report. Transaction data, neighbourhood appreciation, and the full short-term rental yield distribution. No commission agenda, because we do not earn one.