Reasons to purchase land in Merida, Yucatan
Are you considering buying land in Merida? Without a doubt our answer is "Do it right now! The real estate industry in the Yucatan Peninsula is growing every day. Currently, it is at its best moment.
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This growth has been mainly in Merida, as the destination offers multiple benefits to people. The most significant advantages are: warm weather, rich history, culture, gastronomy, nature and safety.
These are some of the reasons why we invite you to think that acquiring land in Merida is a great investment opportunity. All these factors make it stand out among other cities in the country, and it is worth mentioning that this is one of the main sources of the economy in the southeast of Mexico.
Based on this, we can mention 5 main reasons why it is recommended to invest in real estate in Merida and the Yucatan Peninsula.
5 reasons to consider buying and selling land in Mérida
When investing in real estate, one seeks to obtain medium and long-term benefits. Also, investors should consider the good location, accessibility and other additional qualities of the area where they will acquire the land.
The following list details the main reasons to purchase land in MeridaThe types of land you can invest in and some other key points.
Accelerated growth in the region
Growing and developing regions are always ideal for investment. In this perspective, Merida is in the process of reaching its greatest potential. The following economic growth data (according to the Yucatan state government) confirms the feasibility of investing in the city:
- Increase in the economy by 2.5% during the end of 2020 and so far in 2021.
- Positioning of Yucatan as the fourth most developed economy (after Chihuahua, Nuevo Leon and Tlaxcala).
- Production of goods and services in the Riviera Maya region grew 4.7%.
- Working poverty decreased from 54.86% to 34.3%.
- Foreign investment increased by 74.35%.
- Foreign and domestic investors invested a combined 47 billion pesos.
In addition to these relevant data, it is also worth mentioning that Merida has maintained its real estate industry as one of the top ten real estate industries in Mexico for the last eight years, and the Mexican Association of Real Estate Professionals (AMPI) predicts at least ten more years of steady growth, which means that the region will continue to grow.
2. The ideal characteristics of the land in Merida
Before investing, it should be considered that there are different investment lots, each with its own characteristics. Therefore, it is very important for investors to make sure that their investment is an extension of the land located in the development zone.
Merida land for sale has unique and attractive characteristics. These characteristics can be generalized as follows:
- These lands are located in high value-added areas.
- Their prices are highly attractive.
- They have a promising future that will provide them with an even greater increase in their already high capital gains.
- They are located in strategic areas where commerce and industry are growing by leaps and bounds.
In addition to these general characteristics, each type of land has unique qualities. For example, residential land is a space with basic services such as drainage, water supply and power supply. They are usually equipped with unique facilities that can improve the quality of life.
3. The increase in industrial activity in Yucatán
The Secretary of Economic Development and Labor (SEFOET) explained that the growth of the real estate industry in Yucatán was mainly due to the development of its industrial sector, as an industrially developed state also led the housing, real estate and business sectors to grow.
It is also worth noting that the manufacturing and export sectors are dominant in Yucatán. By 2019, the state ranked first in the country in terms of employee growth. By 2020, despite the Covid-19 emergency, there were still a large number of established manufacturing companies.
4. The Role of the Tourism Sector in the Yucatan Peninsula
Yucatan has so many attractions and activities, which makes the state extremely attractive to people, occupying the first place in the tourism industry in the southeastern part of the country. The state's tourism industry is one of the main reasons to invest in the Yucatan Peninsula.
The area is home to some of the most famous and visited places in Mexico, such as Chichén Itzá, Mérida, the cenotes route or the archaeological site of Mayapán, Dzibilchaltún -less than 15 minutes from the capital by the Mérida-Progreso highway-, Ek Balam, Labná and Uxmal.
To be honest, not only tourists benefit from enjoying the sea, cenotes and other attractions during the tour, investors have also discovered a paradise full of opportunities to successfully carry out their projects.
On the other hand, between 2019 and 2021, millions of dollars in foreign investment were received, which places Quintana Roo and Yucatan in third place nationally, and in first place in the Mexican Caribbean in real estate trade.
This is because the tourism industry provides the opportunity to develop ambitious luxury projects designed to meet the needs of tourists.
The Riviera Maya real estate market has grown by 35% in the last few years, which is very impressive. However, Merida is not far behind, with major shopping centers, business centers and hotels announced for construction in early 2021.
Therefore, for those who want to make a safe investment, buying a property in the Yucatan Peninsula is obviously a wise decision.
5. The influence of the Mayan Train
This is an important project that can generate welfare and land development that will further boost the region's economy. This will be a rail transportation service that will connect the main cities and tourist areas of southeastern Mexico.
The project will provide the most efficient transportation services for passengers, tourists and cargo services. In addition, its 16 sites will connect communities to create development poles that will generate commerce, sustainable tourism and well-being.
AMPI's national leaders mentioned that the Mayan train is one of the most attractive modern projects to boost the development of the real estate industry, which aroused the interest of investors. It is expected to have an impact on 78 economic sectors.
Get advice from the experts in land in Mérida
Now that you have a more detailed understanding of the reasons to acquire land in MeridaThe next step is to find a real estate company that owns land with a good location and a high rate of return.
At iBrokers, we have many real estate successes in the best areas of Merida. We also have professional real estate consultants highly trained to provide high performance investment projects.
Contact us for more information on the development that best suits your investment needs.
The best time to start or expand your business in Merida is today.
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