Expats see the Yucatan capital as a retirement destination and ideal to raise children….
MERIDA — Although demand for housing dropped by 7% nationwide, some cities in the country showed an average increase of almost 21%, mainly due to the growth of industry and foreign investment.
Making a comparison between the first 8 months of the current and last year, cities such as Merida, Querétaro, León, and the municipalities of Metepec and Huixquilucan, in the State of Mexico, recorded an average growth of almost 21%.
Due to the strong industrial investments in the city, the demand for housing in Querétaro increased 26.7% to the month of August of this year; while in the State of Mexico there was a 22.4% growth in the residential markets of Metepec, Naucalpan, Atizapán and Huixquilucan, according to data from the Federal Mortgage Society (Sociedad Hiportecaria Federal, SHF, in Spanish) and the real estate portal Propiedades.com.
Meanwhile, in Guanajuato the increase was 22.3%, driven by Leon.
Meanwhile in Yucatan the demand for houses and apartments grew 11.4%, as a result of the strength of the Merida market.
“Many factors have made these cities register this increase in the sale of housing and it depends a lot on their particular dynamism, but the thing that these cities have in common is that they have a strong industry in consolidation thanks to a stronger foreign direct investment, “explained Javier García, regional director of Lamudi Mexico.
more recommended stories
Yucatán, at the forefront of technological education
“Yucatan is at the forefront of.
INAH publishes new Museum of Underwater Archaeology catalog
Hand in hand with the recent.
One thousand heavily damaged buildings in Oaxaca after Feb. 16 earthquake
After walking the streets of the.
Homun residents oppose the opening of pig farm in their municipality
“The Ka’anan Ts’onot organization (Guardians of.
New prison facility to be built in Quintana Roo
The State Secretary of Public Safety,.
The Mexican Caribbean received more than 16 million visitors in 2017
CANCUN. In 2017.- The State of Quintana.
The Grand Mayan Experience: world’s first “Cruise and Land” all-inclusive concept
According to Markets Insider, the Victory Cruise.
Trump – Peña Nieto White House meeting in the works
Regarding his first meeting as president.
Anti-gun rally in Southern Florida after school shooting
According to The Miami Herald, people showed.
Helicopter carrying top Mexican officials flips, kills 13 on ground
According to the Chicago Tribune, a.