FREQUENTLY ASKED QUESTIONS​

What is the best place to invest in developments in Mérida?​

The northern area of Mérida is considered the best to live and invest, since it has the greatest development in real estate investment.

The investment in the north of Mérida is part of the growth of the entire state in matters of real estate supply during the last 10 years, since residential projects have been created in private houses, hospitals, shopping centers, schools, universities and residential campuses to students.

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How is the quality of life in Mérida? 

Mérida is considered a city with a great quality of life and security, in addition to maintaining a very competitive price per square meter and an excellent capital gain, Mérida has an excellent real estate offer and homes for everyone. You'll findpurchase sale of developments in Mérida from $860,000 MXN to 120 million pesos on average, depending on the location, services and features.  

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How much does it cost to build a house in Merida?

build ahouse in meridaIt is an option when having a land that provides us with the services we need every day. Building a house in Mérida has an approximate cost per m2 of $5,700.00 up to $17,200.00 MXN in extension, these costs vary depending on the location where it is going to be built and the types of materials and finishes that will be used in the work. Prices per square meter of construction do not include architectural projects or land.

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Can a foreigner invest in Developments in Merida?

If you are a foreigner and wantInvest in Developments in Merida, you can do it. Foreigners can onlyacquire residences in Meridalocated outside the border areas. You will have to request a permit for the acquisition of real estate from the Ministry of Foreign Affairs (SRE) of the Mexican Government. The most common is that they grant it to you. And the process usually doesn't take long. Which must be granted by the Mexican government. To request it, you must go to the Ministry of Foreign Affairs (SRE) in the General Directorate of Legal Affairs in Mexico. In the event that it is not possible for you to make the request in person, you can also carry out the process through a legal representative authorized by a power of attorney.

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Can you invest in developments in Mérida from abroad?

In the globalized world, purchases made from one country to acquire goods in another are increasingly common. Even if you or your relatives are living in another country, you can take out a mortgage loan toinvest in developments in Mérida from abroad.

If you are abroad and want invest in developments in MeridaThere are some requirements that you should consider.

You will need a legal representative in Mexico: For the signing of the deeds if you cannot travel to Mexico, a legal representative can represent you in Mexico, whether you wish to acquire properties morally or physically. Also, if you are not Mexican, you will need a permit from the Secretary of Foreign Affairs to purchase homes in Mérida.

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Why invest in real estate developments in Merida?

It is predicted that, in Mérida, economic, real estate, labor and basic services growth will be increasingly better in the coming years. In recent years, it has been positioned as one of the best cities to live in Mexico, with greater economic growth and security, since 105% more jobs were generated than in the quarter of the previous year, according to INEGI data. This has generated exponential growth as people from other countries and locals decide to reside in the city for its investment opportunity and public safety. The real estate sector has benefited from this since, in addition to being a developing city, supply and demand generate capital gains. Real estate development has generated a great demand in thepurchase and sale of developments north of Mérida, since it is considered the area with the greatest surplus value and opportunity for growth due to its great proximity to the Yucatecan coasts.

Regarding investment, in recent years the state has had strong investments of local, national and foreign capital, for the development of companies in the automotive, aerospace, textile and health industries. Which brings with it new job opportunities.​

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What is the residential capital gain in Merida?

The average surplus value in Mérida is 8% for the central areas, except for the beach areas. There are cases in which the investment of a house can increase its capital gain up to 16% in 18 months.

Investing in a house in Mérida is an excellent option to achieve peace of mind, its costs are considerably cheaper than those of large cities such as the Federal District, but without lacking benefits such as services, education and entertainment. In addition, it is an excellent business opportunity as it is a well-known tourist center. 

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Mérida is characterized for being one of the safest cities and full of projectsprivate residentialand more accessible to reach the downtown area. The city has a maximum average of 30 minutes to move from one point to another, this being far within the city. At the same time that the closest beach is 20 minutes from Mérida, this makes it easy and fast to move from one place to another.

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The real estate sector of the Mexican southeast will grow in the following years and the values of homes in Mérida will increase, since Mérida is a growing city, new international companies have been established, adding to this federal investments such as the Mayan train among others, which will be a trigger more of the great tourism that Mérida has.