I've arrived in Mérida. 3 tips for investing

Investing in Mérida, Yucatán, is a trend that’s winning more and more followers. Known worldwide for its high quality of life and beauty, in recent years it has become one of the most popular destinations in the world. The reasons are many: architecture, calm, safety, natural life, culture, entertainment and a balance between modernity and tradition are a magnet for anyone who wants to move city.

But if someone decides to live in Mérida, Yucatán, what can they invest in? Thanks to its economic boom, the city has grown a lot in recent years. One sector that has shown notable growth is property development and real estate. From new builds to renovating properties or selling land. There’s a variety of possibilities.

Invest in Mérida in real estate

If you wonder why invest in real estate, the answers are many. The capital of the peninsula has privileged architecture. People who decide to live in Mérida, Yucatán, fall in love with the colonial and French-style buildings. From Mérida’s historic centre, where you can explore churches and museums, to Paseo Montejo, the city’s architectural heritage is wonderful.

The old properties for sale are a draw for investors who see this city as a rising tourism hub. These are used as temporary housing, since tourists use them as a place to rest. Mérida, because of its beauty and its closeness to natural wonders and magical towns, is visited all year round by locals and foreigners.

But you can also invest in properties in Valladolid, Izamal or Progreso, which also show rising growth.

Why invest in property in Mérida?

Investing in Mérida is the best option, especially if you want to secure your money against inflation. Real estate investment lets you own a physical asset and, thanks to services like Airbnb, for example, you can generate additional income with your property.

If you want to invest in a property for permanent rental, that’s a business too. The property portfolio is wide, and you don’t necessarily have to think about plus or residential homes. There are also more affordable alternatives if you want to invest your money in mid-range housing. In that sense, there’s plenty of rental demand in that sector, so acquiring that kind of property can be a great alternative.

Tips for buying a property

If you’re thinking of making an investment, remember that the most important thing, before buying and investing in Mérida, is to ask yourself several questions about location, costs and property type.

The property’s location

This is the most important element and will determine your property’s capital gains. For example, northern Mérida is the area with the highest capital gains.

The most recommended thing is to acquire a property near shopping centres, schools or hospitals. That way it won’t lose value.

Buying properties off-plan

Sometimes investors hesitate a bit when it comes to investing in a property still under construction. However, buying off-plan is an excellent way to secure the property’s value.

Buying a house with an experienced real estate agent

Buying a property doesn’t have to be a tedious, risky process. If you don’t live in Mérida but want to invest in the city, look for real estate companies with experience in the Yucatecan market. There are many options and highly experienced ones.

Buying a plot is an excellent investment when you don’t have much budget. A residential plot can be the best option. You can build your house to your taste or resell it when the area’s capital gains rise.

Learn more about Mérida, its growth and benefits of safety, housing and investment.