73.4 F
Mérida
Wednesday, December 1, 2021
###

Centro prices rise, but abandoned properties abound

Latest headlines

2 Cuban migrants die in shipwreck off Yucatán coast

Unofficial reports claim that Mexican authorities helped 19 people to disembark the badly damaged ship.

Angels: What makes Adele Aguirre’s new art exhibit at SoHo Galleries so moving

Adele Aguirre's "Angels" exhibit at SoHo Galleries responds to a personal crisis, but will be cathartic to everyone suffering loss. ...

Frustrated animal rights activists blockade Mérida shelter

The protestors set up camp outside of the facility and took to laying on mats and pieces of cardboard to demonstrate their commitment to settling the issue without violence.

Property taxes in Mérida to increase in 2022

Property taxes across Mérida are about to see a considerable increase. 
Yucatán Magazine
Sign up to get our top headlines delivered to your inbox twice a week.

These abandoned properties were rescued and turned into a chic hotel, restaurant and spa. Photo: Flickr
These abandoned properties were rescued and turned into a chic hotel, restaurant and spa. Photo: Flickr

Merida, Yucatan — In four out of five key Centro Historico neighborhoods, there are far more abandoned properties than homes under construction. But rental prices have risen to new heights in some areas.

A tally and assessment of Centro homes and neighborhoods was recently released by Alejandro Gil Sandoval, the director of the Office of Management for the Historic Center Board.

One neighborhood popular with foreigners and tourists came off swimmingly.

Santiago is the most expensive, and most active historic neighborhood of the five, and its prices are rivaling those of the most exclusive areas of Merida. Here, a rental house range from $1,700 US to $3,000 US monthly, sometimes reaching $7,500. Most of them are furnished with a pool, terrace, garage and garden, but not necessarily with services like a housekeeper, said Gil Sandoval.

Gil Sandoval added that Mejorada and Santa Ana also have a concentration of high-value properties, as they have similar characteristics to those of Santiago, but in contrast, San Cristóbal, San Juan and San Sebastian, all south of the Plaza Grande, have “the greatest shortcomings” of the Historic Center.

Gil Sandoval singled out San Cristóbal for an overabundance of street vendors, bad sidewalks and poor street lighting.

“People are not to blame, it is the dynamics surrounding them that doesn’t allow a higher appraisal,” he noted, later adding, “Of all the neighborhoods, Santiago is best laid out and close to cultural activities, but in San Cristóbal there are people living next to warehouses, which changes the situation completely.”

His survey confirms an active and lucrative market in historic homes: 56 ongoing construction projects in this 3.5-square-mile area. La Ermita was not mentioned in the study.

Here is a real estate breakdown for five of Merida’s historic neighborhoods. The dominant number is in bold:

Santiago: 14 homes for rent, 71 for sale, 10 under construction, 3 vacant and 76 abandoned 

Santa Ana: 53 for rent, 130 for sale, 28 under construction, 13 vacant and 126 abandoned.

San Sebastian: 15 for rent, 102 for sale, 11 under construction, 14 vacant and 120 abandoned

San Cristobal: 39 for rent, 71 for sale, 4 under construction, 5 vacant and 143 abandoned.

Mejorada: 32 for rent, 64 for sale, 3 under construction, 7 vacant and 176 abandoned.

TOTAL: 153 for rent, 438 for sale, 56 under construction, 42 vacant and 641 abandoned 

Source: SIPSE

- Advertisement -

Subscriptions make great gifts

More articles

Cacaxtla and the mystery of its spectacular Maya murals

The Cacaxtla-Xochitécatl archaeological site is one of the most interesting and unique in all of Mexico. Aside from its massive structures and breathtakingly beautiful vistas, this ancient city in Central Mexico boasts a rather out-of-place feature — Maya murals. 

Mexico skeptical over new travel restrictions

Restricting travel or closing borders is of little use in response to the emergence of the new Omicron coronavirus variant, said Mexico's...

CFE to invest billions to improve Yucatán’s energy infrastructure

Large CFE facility on Mérida’s Periferico. Photo: Carlos Rosado van der Gracht The CFE announced that it will...

What to find in a Yucatecan Christmas market

Located right in front of the high school Centro Universitario Montejo, the market hosts slow-food vendors on the weekends and maintains its crafts and decor market all throughout the week.

Feminists unveil a monument to protest violence against women

Feminist protestors unveiled a monument in Mérida’s Remate at the foot of the Paseo de Montejo to protest ongoing violence against women. 

Mérida to hold a week-long tango festival, starting tonight

Mérida's international tango festival is set to return for a full calendar week starting Nov. 25.

Adventurous pup illegally climbs Yucatán’s most famous landmark at Chichén Itzá

Once again, a clandestine visitor has broken the rules at Chichén Itzá by climbing Kukulcán’s famed pyramid. 

Mérida’s railway museum goes full steam ahead

One of the most under-visited attractions in Mérida is the Museo de Ferrocarriles de Yucatán, Yucatán’s Railway Museum.

Feel brave enough to eat an eyeball taco? Mérida’s taco festival has you covered

Taco connoisseurs are prepreparing to host Mérida's Festival del Taco next weekend. 

A giant hammock has suddenly appeared in the Centro, but why?

The sudden appearance of a giant hammock in downtown Mérida is drawing eyes.