Home Feature Real estate boom: high demand in Mérida for residential land

Real estate boom: high demand in Mérida for residential land

by Yucatan Times
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The demand for residential land in Mérida is in excellent health and demand continues to grow steadily despite the multiplication of the offer, said Adolfo Peniche Larrea, commercial head of Idesco Desarrollos.

Interviewed last Thursday, November 9, during the inauguration of Místika, the newest Idesco project, located north of the city, Peniche Larrea assured that “the rate of absorption of a project like Místika shows that there is a market very interested in a product with these characteristics.”

The commercial head of Idesco Desarrollos specified that a significant number of his clients are from outside of Yucatán but are thinking of acquiring land on which to build their retirement home or families residing in Mérida are in the process of asset consolidation who are thinking of building the family home in a place with spaces, location, and amenities that satisfy the needs of all its members.

The opening event of Místika was led by members of the board of directors of Idesco and partners of Místika, Juan Enrique Millet Ponce, Javier Casares Ponce, Emilio Loret de Mola Gomory and Juan Manuel Díaz Roche.

Emilio Loret de Mola Gomory, president of the board of directors of Idesco, highlighted that his company has specialized in developing real estate projects in areas with high potential in terms of capital gains.

In the so-called “golf zone”, where Místika and other group projects are located, capital gains have been historically high, which means that an investment here has the potential to increase in value over time. It is a safe investment no matter how you look at it, commented Emilio Loret de Mola.

Loret de Mola Gomory revealed that of the 21 most important real estate cities in the country, Mérida presented the largest annual increase in total inventory, ahead of cities such as Monterrey, Ciudad Juárez, Saltillo or Tijuana.

In addition, he explained, Mérida is the 11th. metropolitan area with the highest growth at the national level and it is expected that by 2050, it will have grown by 77%.

This allows us to glimpse the enormous areas of opportunity and where we should direct our efforts as developers, he concluded.

TYT Newsroom

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