Guatemala

Capital city: Guatemala City
Language(s): Spanish (Official)
Population: Abt. 13,900,000
Total Area: 108,890 km2
GDP (PPP): 2012 estimate
Total: $78.681 billion
Per capita: $5,208
Currency: Quetzal (GTQ), US dollar

Guatemala is the Mayan heartland of Central America, and its indigenous culture is alive and well. That culture survives in the ancient ruins of Tikal, in the Mayan-Catholic rituals of Chichicastenango, and the blazing colors of everyday Mayan dress.

Prices for apartments in Guatemala City are around US$900 to US$1,200 per sq. m.; while monthly rents are around US$8 to US$10.50 per sq. m. The rental yield for a 200 sq. m apartment could reach 17%, while other sized apartments have yields of 10 to 12.6%.

Rental yields for houses in Antigua City are around 4% to 8%. For houses near Lake Atitlan and the coastal area near the Pacific, yields are around 7.5% to 10.5%. Per square meter (sq. m) prices in these areas are higher than in Guatemala City at US$1,300 to US$1,550.

Despite its turmoil, travelers flock to Guatemala because it offers Central America in concentrated form: its volcanoes are the highest and most active, its Mayan ruins the most impressive and its earthquakes the most devastating. The country's varied topography and excellent climate have made it a favorite tourism destination. Travelers visit its magnificent Mayan ruins, colonial architecture and Lake Atitlan, considered to be one of the most beautiful lakes in the world.

 

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