Mérida, ‘flooded’ with constructions

In the estate capital are located 80 percent of about 150 different real estate projects, this “wave” of buildings reaches all the way to Progreso

MERIDA, Yucatán. – Some 150 real estate projects, including subdivisions, departmental towers and shopping malls, are currently being developed in municipalities such as Merida, Cholul,  Progreso, and Conkal, , said the president of the Mexican Association of Real Estate Professionals (AMPI).

Aquiles González Chacón, expressed that these investments reflect the dynamism of the real estate sector in Yucatan and its capital, Merida, as well as the arrival of new inhabitants of medium and high purchasing power.

 The real estate expert added that, due to its urban growth, the Yucatan capital has become the most important of the cities in the south-southeast region of the country in this area.

González Chacón explained that, of the 150 projects currently being developed, 80 percent are in the municipality of Merida and the rest in municipalities such as Progreso and Conkal, and Cholul.

“Some 40 developments are related to subdivisions and apartment towers; another 38 complexes are enclosed residentials and the rest in other types of developments”.

The real estate leader announced that the sector projects, for the whole year, about 25 thousand houses in which all segments are contemplated: economic, average, residential and plus.

“In this area it is the average and residential housing that has had the greatest demand so far this year, and a year are built about four thousand units,” Gonzalez said.

Photo: SIPSE

AMPI´s president also said that in the city of Merida there is still land for planned real estate developments, especially for vertical type projects. He explained that one of the vocations that the real estate sector has is to grow vertically, as has been done in large cities.

“Vertical growth is one of the strategies of the main cities in the world to make the space available more efficient. In the city there are still enough spaces to develop different types of real estate projects.”

 

The Yucatan Times
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