Expats Buying Property in Merida
Why expats buy property in Merida
Over the past few years, American couples have begun to turn Merida into an expatriate community along with expats from other countries as well. In the center of town, you can purchase a centuries-old house with a courtyard and jump in on the bandwagon that has foreigners flocking to this gorgeous city. If you are looking for your slice of the Mexican pie, the real estate industry is booming in the Yucatan and we want you to explore what Merida and the surrounding areas have to offer.
On the outskirts of Merida sprawling haciendas can be found for a million dollars or so. The Starwood Company has already found a couple of buildings to call their own and renovated them into beautiful luxury hotels. You can come here and find a fixer-upper for very little money and transform them high-ceiling buildings into bed and breakfasts. Or you can just buy a fixer-upper and fix it up for your own personal enjoyment. Whatever you think, you can find it here in Merida.
Everything in Merida seems possible right now. Merida is like any other cosmopolitan city with typical problems like traffic, pollution and power outages but it is a haven for people seeking a slower paced life in another country. Merida has its own airport, an English library, a Belgian chocolatier and even an American Costco. Even large corporations like Banamex, a financial institution, come here to set up shop. They pump money into the development of artist communities in outlying villages, which make Merida even more inviting.
Ecotourism is on the rise here and is part of a multinational coalition called Mundo Maya, which seeks to promote travel while protecting the indigenous landmarks and culture found here. Also, Merida’s location in the northwest corner of the Yucatan, even though it seems it is in the middle of nowhere, makes it close enough for day trips to the ancient Mayan ruins as well as ancient caves and even a flamingo preserve as well as beaches that dot the Gulf Coast.
With so much to do and see in Merida, it is no wonder that expats are flocking here. Whether you are seeking to relocate to Merida or are just looking for a second home to escape to, buying real estate in this area is bound to be an incredible return on investment down the road. Merida is booming and it is only going to build more. With so many companies setting up here, there is always work to be had. The way of life in Mexico, especially in the Yucatan is calm and less stressed than anywhere else in the world.