Home LifestyleExpat Community Changes due to pandemic trigger demand for real estate in Mérida and Querétaro

Changes due to pandemic trigger demand for real estate in Mérida and Querétaro

by Yucatan Times
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Mérida, Yucatán, (January 14, 2022).- After the Covid-19 pandemic generated changes in the needs and preferences of real estate buyers, the demand for properties grew significantly in the states of Querétaro, Yucatán, Jalisco, Puebla, Guanajuato, and Veracruz.

Among all of them, the city of Mérida, Yucatán, registers the greatest growth in the preference of land buyers, said Ricardo Lara, commercial director of the real estate company Eme Dos Desarrollos.

“Mérida is a city that has the perfect equation to invest; It has both national and foreign investment, it has very good recovery projects from both the local and federal governments,” he explained.

He indicated that the tourist attractions and Yucatecan cuisine, coupled with its proximity to destinations such as Cancun, in addition to having one of the wonders of the modern world (Chichen Itza) “make the perfect equation for people to want to live in Merida.”

According to Ricardo Lara, in 2020 and the first half of 2021 the demand for land in the Yucatecan capital grew 200% compared to 2019.

“People are turning to Mérida both to live and to invest. Amazon, for example, is opening a distribution center in Merida, Tesla is going to open its fourth agency in Mexico and it will be in Merida, and Walmart also has a distribution center there,” the manager stressed.

He said that the better quality of life also led to an increase in the demand for real estate in cities other than the country’s capital.

According to information from the company, 11 states make up 80% of the total demand for real estate in Mexico, highlighting Jalisco, Querétaro, Puebla, Guanajuato, Yucatán, and Veracruz.

Regarding the residential real estate offer at the digital level, the participation of Jalisco stands out with 17%, followed by Querétaro with 15 percent.

Source: El Economista

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