Updated: Jan 3
Merida has become a city with a great future, due to the investments it has been receiving in recent years.
Merida ranked second nationally in the category of inland cities with the highest number of overnight stays in hotels, which is equivalent to an accumulated 573,367 visitors.
Merida is considered one of the most important cities in the peninsula, and Yucatan as one of the states with the greatest potential for real estate investment. Since, its visitors have access to other parts and cities of the peninsula such as Campeche and Quintana Roo. Places that are part of Yucatan and have become very popular thanks to the natural beauties it possesses, from the Riviera Maya and Tulum in the State of Quintana Roo, to Celestun and the cenotes that inhabit the State of Yucatan.
In addition, Merida has an interesting geographic position in the country with land, sea and air access, which facilitates its international communication and with the rest of the Mexican Republic.
The state of Yucatan has international connections in the country, since it is the fastest access point from the Mexican border to:
The United States.
The Caribbean Islands.
The strategic location provides interconnectivity, resulting in the city is linked to the main roads of the country, has an exit to Progreso, the most important port of the state that serves as a tourist point in addition to providing an entry to national and international trade. The international airport also connects the main destinations within Mexico, the United States and Europe. Its location makes Merida an important point for international markets, as it has its own port of import and export, located in Progreso Yucatan, just 20 minutes from the capital. Merida and Progreso will be part of the Special Economic Zone, which will become a trigger for development, providing benefits as well as tax and regulatory facilities for investment. In addition to the above, there are other advantages.
Merida, Yucatan 2023.- Yucatan ranked as the fourth state in the country with the highest economic growth by registering 2.5%, a figure that is 5 times higher than the average of the rest of the federal entities, which was 0.5%, upon presenting its report corresponding to the October 2018-September 2019 period, based on data from the National Institute of Statistics and Geography (INEGI), with information prior to the Coronavirus epidemic being registered.
In addition to the growth of the state economy, it also highlights that in 2019 alone almost 10,000 formal jobs were created in Yucatán and that labor productivity, which is measured in pesos per hours worked, has also improved.
These advances have allowed labor poverty to drop -to 34.3%- as well as informality.
The state's economy has been boosted by a series of investments, of national and international origin, which together are estimated at more than 47 billion pesos. During 2019 alone, Yucatan received 151.3 million dollars in foreign direct investment, thus registering an increase of 74.35% in said year compared to 2018 and was the seventh fastest growing entity in the country.
An example of this is the construction of large shopping centers with the arrival of new companies, which can be considered as signs that the city is prosperous.
Another reason to invest in Merida is the development of the city, which is reflected in the population growth, which is estimated to increase by approximately 1.8% per year, in addition to expanding towards the periphery.
In Merida there are many undeveloped or semi-developed areas either in or near the city, and thanks to the fact that growth is just beginning, prices are quite affordable. Likewise, the state government has invested in the creation of large industrial parks, which facilitates space for companies, among which the following stand out:
Motul Industrial Park.
Yucatan Industrial Park.
Umán Industrial Park.
Mayab Industrial Park.
Industrial Park of Yucalpetén.
Industrial Park Felipe Carrillo Puerto.
Scientific and Technological Park of Yucatan
Safety and quality of life
Mérida is a different city compared to the rest of the country, a place where peace is the common denominator every day with the advantage of the infrastructure of a large metropolis.
The INEGI through the National Survey of Urban Public Safety (ENSU), during the period from January to March 2019 conducted interviews with people over 18 years old in 67 cities in the country in order to know the perception of the population, the study showed that 61% of the inhabitants of Merida consider it a safe place to live. At a national level, the work of the Yucatecan police continues to give good results that translate into the arrival of millions in tourist investments, and in the increase of visitors arriving both by air and by sea through new cruise ships.
In addition to this positive news for the economic and tourism sector, Yucatan continues to lead in security statistics.
The work of the Secretariat of Public Security headed by Commander Luis Felipe Saidén Ojeda is implicitly recognized and qualified.
The results of the National Urban Public Safety Survey (ENSU), highlights Merida because more than 80% of citizens say they feel safe, which contrasts with the national average of the country, where 70% feel unsafe.
In itself, all of Yucatan has the great advantage of possessing natural resources, which are attractive with unparalleled beauty such as beautiful beaches, exotic cenotes, a great diversity of flora and fauna. Although they are not located exactly in the city, they are close to the capital, making them the ideal place to take a vacation, relax or go on an adventure.
INFRASTRUCTURE IN MÉRIDA
*FEDERAL INFORMATION PROVIDED BY INEGI
Merida has 420 public medical units with 4,436 doctors; 31 private medical units with 96 doctors.
The entity has 375 establishments of various categories for lodging with 10,540 rooms.
YUCATAN HAS 2 INTERNATIONAL AIRPORTS.
YUCATAN HAS 2 SEAPORTS
FIXED TELEPHONE LINES
MÉRIDA HAS 241,623 FIXED TELEPHONE LINES
There are 35 radio stations operating in the state (17 FM, 18 FM) as well as 12 television stations. *
With future investments in the scientific and technological area, it is important to highlight the investment being made in improving the city's infrastructure.
At present, Merida has a great real estate growth, with a great growth in real estate developments and individuals taking with them the growth and improvement of highways and roads, Merida has sought to create roads to make connectivity an important factor in the city; both for beaches and for residential areas that are located north of the city.
New real estate developments have opted for the use of vertical housing to improve roads and spaces, as well as apartments with amenities that meet their needs such as gyms, swimming pools or private security so that they can develop their lives to the fullest.
Green Infrastructure Plan
Strengthen the green infrastructure system through planning, design and implementation of urban strategies at different scales of actions and projects that contribute to enrich the eco-systemic services in the public and private space of the Municipality of Merida.
City planning and the design of public spaces require the integration of nature-based strategies for climate change adaptation and mitigation.
This plan is an integral, transversal and multidisciplinary instrument that consists of 4 axes:
Urban studies and technical documents
Programs and projects to be implemented
Promotion of Citizen Culture
Strengthening of the Legal Framework
Plan of life
Real estate developments in Merida have become popular thanks to the fact that the city is considered one of the best cities to live in Mexico.
Just last year the United Nations awarded Merida the recognition for being the best city to live in Mexico thanks to its quality of life, beating out 304 cities in the country.
Part of what makes Merida so valuable is the security that the state enjoys, which has allowed the development of activities such as the bike-route or Merida on Sunday, which are already part of the traditions of the state and make non-residents who visit Merida fall in love with it more and more.
That is why many families have decided to move to the white city, in order to have a quieter life and enjoy quality services such as public and private schools, high specialty hospitals and modern as well as colonial architecture.
This is partly why those looking to invest in homes in Merida are also thinking of renting their properties for families or students, as well as foreigners looking to retire to Mexico but still wanting to enjoy the benefits of the big cities or fleeing the low temperatures in their home countries.
Foreigners see Merida as a city with a bright future, whether to retire or to raise a family. So it is not surprising that the Merida government is trying to create new protocols to make these processes and procedures faster and more efficient.
Companies like Huawei, Leoni, brewery groups like Modelo and others are looking to Merida as an investment. Merida has technology to make it a safer and smarter city through the use of facial recognition in crowded places, the automation of the lighting of lights, as well as garbage cans.
In addition, the city will have an embassy for Chinese tourism and has signed with another renewable energy company for US$150 million.
Thus, Merida has become one of the cities with the largest real estate investment in Mexico.
Invest in Merida
In Merida, unlike other cities like Mexico City, the best subdivisions are in the middle and north of the city, the most demanded neighborhoods are 1- Benito Juarez Norte 2- Campestre 3- Montecristo 4- Montes de Amé 5- Colonia Mexico 6- Garcia Gineres 7- Zona Paseo Montejo (Zona Centro) as well as the new subdivisions near Altabrisa, such as 9- Cholul and 10- Conkal are among the best options to live in.
A great advantage is that the cost of buying a house in Merida is lower compared to other cities, however, thanks to the growth and future investment, we know that the return on investment is increasing, so many locals and foreigners are investing in Merida for its security and quality of life and these increase even more its value thanks to the great demand for these properties.