Home Headlines Are Merida’s real estate prices still affordable?

Are Merida’s real estate prices still affordable?

by Yucatan Times
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Merida has become one of the most attractive cities in Mexico in recent years for the purchase of real estate. The Yucatecan capital has combined its rich Mayan history with an innovative vision, which has led to strong economic growth.

In addition, it has multiple attractions for those who seek to make it their residence, or acquire properties in order to make an investment.

In Mérida, also known as “Ciudad Blanca” (White City), it is possible to find competitive prices compared to the rest of the republic. Its proximity to beaches and tourist attractions, such as the Riviera Maya or Chichén Itzá, is one more attraction, without forgetting that it offers a high quality of life and security.

All this has gone hand in hand with a considerable increase in Foreign Direct Investment. Thanks to this, during the first nine months of 2022, Yucatán experienced a growth of 489%, exceeding 13% at the national level, according to data from the Ministry of Economy.

It is crucial to highlight that Mérida stands out for its safety, as indicated by the specialized magazine CEOWorld, being the second safest in America, only behind Quebec, Canada. Therefore, it is not surprising that it has the highest rate of trust in the police in the country, with 72% according to the census of the National Institute of Geographical Statistics (INEGI).

TYT Newsroom

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