Mérida, capital of Yucatan, has become one of the most popular cities to live and visit in the last decade. Not only in Mexico but also around the world. There are many reasons, one of the most important being the life quality it offers and its popularity of being one of the safest cities in Mexico.
However, not only does Merida offers the opportunity to have a quiet life in the southeast of the country, it also shows unparalleled opportunities for growth and development, especially in the real estate market.
There are a lot of public and private plans and projects for the city, which ensure a very important surplus value and on which many investors have already set themselves. This is not an accident, the planned and sustained growth of the city has allowed a very healthy and productive cooperation and investment environment.
Along with other awards that Mérida has received, such as that of the city with the best quality of life, in a recent vote of the magazine Conde Nast Traveler the city has been placed as the Best City in the World. Surpassing other cities such as Florence and Quebec, the magazine presented the award for being the best city to visit outside the United States.
Growth and development
It’s not only about the increase in private investment in the area. Government institutions have also carried out actions that demonstrate that the focus is on adapting the area to the accelerated growth it has presented.
An example of this is the Mayan Train project, the main infrastructure project of the current government. It involves the construction of 1,500 kilometers of railroad to unite the main cities of five southeastern states: Yucatán, Quintana Roo, Campeche, Chiapas and Tabasco. In total, there will be are 15 stations, of which Palenque, Calakmul, Mérida, Tulum and Bacalar stand out.
As a result, there has been talks aboutexpanding and moving the Merida City Airport, which has international flights. The head of the National Fund for Tourism Promotion announced that a project is being carried out to move the airport to the south of the city. This in order to join the Maya Train station, just like in Cancun.
What makes this city so popular? These are some of the reasons to live or invest in Merida:
Low costs – high surplus value
There are areas of the city where real estate prices have risen the last decade. The surplus value that Merida presents is increasing more and more, but it’s novelty causes the prices to remain below the big cities of the country.
Growth and development opportunities
Beyond government infrastructure projects, private investment has been a great help for the development of the Yucatecan capital. With the creation of multiple commercial, residential and business areas, the opportunity to employ and give residence to thousands of people is increasing.
The city itself it’s already very popular for tourism because of its colonial architecture, and the archaeological and natural areas it offers. 20 minutes away from Puerto Progreso, a very important international connection. Also, it is 3 hours away from Cancun, the second most important international airport after the one located in Mexico City.
Safety and Quality of Life
The high rates of safety and quality of life in the city have made entire families come to reside in it. Mérida is a clean, safe city, with public spaces and quality educational centers. The demand for residences is increasing, so the supply of real estate is very wide. The fastest growing areas are the north and west of the city.
Mérida is undoubtedly one of the best cities in the world. The location, natural resources, industry and people are essential components to stay as popular as it has became. If you need more information about residency and investment options in the city of Mérida, contact us!