FREQUENT QUESTIONS

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What is the best place to live in Yucatan?​

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

The investment in the north of Mérida is part of the growth of the entire state of Yucatán  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 for students.

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How is the quality of life in Yucatan? 

Yucatan is considered a state with a high quality of life and security, in addition to maintaining a very competitive price per square meter and an excellent capital gain, its city, Merida, has an excellent real estate offer and housing for everyone. You will find houses for sale in Yucatan  from $860,000 MXN to 120 million pesos on average, depending on the location, services and characteristics.  

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

Build a house in Yucatan  It is an option to have a land that provides us with the services we need every day. Building a house in Yucatan 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. The prices per square meters of construction do not include architectural projects or land.

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Can a foreigner buy a house in Yucatan?

If you are a foreigner and you want to invest in houses in Yucatan , you can do it. Foreigners can only acquire residences in Yucatan  located 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 does not usually 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 procedure through a legal representative authorized by a power of attorney.

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Can you buy houses in Yucatan 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 to buy a house in Yucatan from abroad.

If you are abroad and want  buy a house in Yucatan  There 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. In addition, if you are not Mexican, you will need a permit from the Secretary of Foreign Affairs to acquire homes in Yucatan.

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Why invest in houses in Yucatan?

It is predicted that, in Yucatan, the economic, real estate, labor and basic services growth will be better and better during the next few years. In recent years, it was placed as one of the best states 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 in  residences in Yucatan. Real estate development has generated a great demand in the sale of houses to the north of the city, since it is considered the area with the greatest added value and growth opportunity due to its great proximity to the Yucatecan coast.

Regarding investment, during the last 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 Yucatan?

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

Investing in a house in Yucatan 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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Yucatan is characterized by being one of the safest states in Mexico and full of private residential projects and 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 nearest 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 in the Mexican southeast will grow in subsequent years and will increase the values of homes in Yucatan, 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 Yucatan has.