Yucatán leads the region in new real estate development

Construction in Mérida’s north continues to drive the real estate sector in Yucatán. Photo: File
Construction in Mérida’s north continues to drive the real estate sector in Yucatán. Photo: File

Real Estate investment in Yucatán continues to grow despite economic uncertainty created by the COVID-19 pandemic.

Yucatán leads its region in new home construction with 707 new homes built in January.

Though most new construction has been centered in Mérida, other nearby municipalities such as Uman and Kanasin have also experienced considerable development. 

“Southeastern Mexico is well known for its cultural and culinary attractions, and increasingly for the dynamism of its real estate sector. It has become one of Mexico’s best markets for investment,” said Chris Gill, chief commercial officer of Grupo Simca.

Earlier: Yucatán to get its first skyscraper

Industry experts point to Yucatán’s reputation for safety and high quality of life as the main factors contributing to its growth.

Among the trends in Yucatán’s real estate sector is a growing interest in luxury apartment towers, rental properties for young professionals and the construction of low-cost housing in Mérida’s periphery.

Carlos Rosado van der Gracht

Born in Mérida, Carlos Rosado van der Gracht is a Mexican/Canadian blogger, photographer and adventure expedition leader. He holds degrees in multimedia, philosophy and translation from universities in Mexico, Canada and Norway.