Home Headlines This is what it costs to buy a home in Mérida

This is what it costs to buy a home in Mérida

by Yucatan Times
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The city of Mérida offers various advantages, such as high-security rates, archaeological attractions and beaches, and a good range of health services.

According to Inmuebles24, in recent years, the city of Mérida, Yucatán, has positioned itself as the favorite of those seeking to invest in real estate in the Mexican southeast, as it is one of the safest cities in the country and offers high-quality life.

Due to the above, Mérida’s residential market has experienced an upward trend in its sales prices, although it remains one of the most accessible cities for purchasing housing in the country.

According to data from the real estate platform, the average price per square meter (m²) in the Yucatecan capital grew 36.3% in two years; That is, in 2022 the average cost per m² was 26,490 pesos, and in January 2024 it costs 36,125 pesos.

Likewise, Inmuebles24 highlighted the advantages that Mérida currently offers to those seeking to invest in the residential market, such as:

In addition, the state government has announced strategic projects to increase the competitiveness of Yucatán in terms of connectivity, logistics and economic development, for example:

Modernization and expansion of the Progreso Port, to open a new commercial border with the United States

Construction of an elevated viaduct in Puerto Progreso, which will reduce traffic and have efficient and sustainable mobility In this way, according to data from the real estate platform, the average profitability of a property in the Yucatecan capital is 6.04 percent.

TYT Newsroom

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