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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..
Getty The number of United States and Canadian citizens who have decided to live temporarily or permanently in...
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.