Mérida’s real-estate prices still soaring to new heights
Mérida’s Centro and North remain the priciest areas in the city, but prices are spiking everywhere.
Mérida’s Centro and North remain the priciest areas in the city, but prices are spiking everywhere.
The headline “Mexico’s Safest State Is Seeing a Real Estate Boom” might have been clickbait, but it’s real. It was on Bloomberg.com, the U.S. media giant that holds wealthy investors in its sway. Yucatán’s relatively low homicide rate, more than 90% lower than the national average, mostly explains the state’s surge in property sales. Gov….
Over two decades of real estate experience and her deep involvement in the community lead both buyers and sellers to consider Yury Di Pasquale a trusted and knowledgeable professional. During a visit to the Slow Food Market, we discussed both her personal and professional philosophies. Where are you from originally, and how did you end…
Nicholas Sanders of Yucatan Beach & City Property shares his checklist for property-buying success: Mérida is a true success story and has transformed over the years. Many people, expats and nationals alike, are realizing the many benefits of life here. The Yucatán is safe, affordable, and an excellent choice for full-time living and investing. Are…
In 2009, Brent bought a house in Mérida Centro. The house was a small ruin that sat on one of Mérida’s typical long lots. He paid 60K USD. Alongside his partner Stan, they renovated and tripled the size of the home, greatly increasing its value in the process. Fast forward 12 years and late last…
Housing and business developments in Mérida have historically been fairly “close to the ground,” but that seems to be changing.
Over the past several years, construction costs in Yucatán have risen sharply and all signs point to even higher prices in 2022..
The number of United States and Canadian citizens who have decided to live temporarily or permanently in Yucatán increases 3.5% every year. That’s the conclusion from Antonio Osorio Acevedo, director of the Mérida market research firm Información Sistemática de la Península. The normal reasons apply: Many of them are retirees who are impressed by Yucatán’s…
Increases are not limited to the Centro or its surrounding neighborhoods. Areas once considered fairly affordable such as Francisco de Montejo, and Ciudad Caucel have also seen considerable price hikes.
Any foreigner can obtain direct ownership of a property in the interior of the country, they just need a permit from the Foreigner Affair’s Office. However, under Mexican law, foreigners cannot directly own property within the restricted zone.
After years in the real state market in the US, Eric Partney took advantage of his expertise with the Mérida market, becoming a pioneer in the area.
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