Living in the Yucatan can be a pleasant and glorious experience. Foreigners moving and buying real estate in Merida is becoming very common. Merida is located about 20 miles off the coast of Mexico. Its oasis like scenery with the smell of the ocean is a commodity for any foreigner looking to leave the hustle and bustle of big city life. Merida has a diverse culture, warm people who are open to foreigners living amongst them. Merida land deals and real estate are at its peak levels. Considering the difficult economic times that global regions all around the world are suffering, people are looking to escape the fluctuations and live in a place of stability. Foreigners are looking for affordability and real estate that grows in value with the possibility of knowing that if they were to sell homes, there will be potential opportunities to selling the home for a profit more so than in other countries. The time is now for seizing paradise for what seems like pennies on the dollar.
The market for housing in Merida has stayed strong considering the steady rise and falls of housing markets from different regions of the globe. The reason for this is due to the influence of growth trends set by many attributes that living in Merida has to offer. With the high rise of cost of living within the United States and other countries, people are looking for flexibility in the cost of living. Due to internal growth within Mexico, the cost of living is lower and can appeal to those who want to afford a cheaper lifestyle within a tropical setting. There is a strong demand for real estate in Merida due to the influx of global regions seeking property that includes higher tax breaks, lower taxes and cheaper household expenses.
Buying a standard home for a family of four people in the Yucatan can cost from $100,000 to millions of dollars. However, renting a new home can cost $500.00 monthly. These numbers are still one half to two thirds the cost of living in big cities of the states, such as Texas. Purchasing, or even the rental of real estate properties at these prices make living in Merida cheaper and appeals to almost anyone at reasonable price ranges. Mexico’s currently considers Merida one of three top cities known for relatively low real estate prices. Merida within the Yucatan is known for its safety factors and healthcare services which is appeals to those who don’t want to feel secluded and outdated in the world. With 25 million baby boomers facing retirement, the cheap economic opportunity of living in low cost areas can be irresistible. There can be a likely addition of at least 20,000 people to Merida’s population. With the growth of population the cost of living can afford to stay low and there will be better opportunities for low real estate prices.
Purchasing real estate in Merida can not only be cost effective, but can be a safe plan to owning a home without having to worry about the government taking away the property without proper reason. The real estate laws of Mexico are in place to protect home owners. There are many realtors than can help with laws governing home ownership. Making sure that taxes are paid and the proper documents are in place are key components to living in a safe country where anyone can live freely without government interference. It is important to know the laws that govern home ownership. Finding a realtor with experience is beneficial because is key to know about where to find the potential market opportunities for your investment.
Merida is a beautiful city that is safe with cultural diversity. Miles from the ocean and opportunistic economic growth potential is waiting for those who are tired of hustling to buy property in sub-standard lands. Real estate is in its prime in the Yucatan. Global economy continues to fall in other regions however the flow of foreigners toward Merida is increasing. People want to live in a safe environment that offers low cost living. As the Merida population grows, business opportunities grow meaning there is a good flow of positive economic development. People who move from other countries to Merida can live in a land of opportunity under affordable living conditions and still feel they are not secluded from the outside world. The chance for the Yucatan market to grow is better now than ever. Foreigners are welcome and the land of opportunity and real estate gain in Merida is there for the taking to those who want paradise and culture within the safety of a non “big city”.