In recent years, an attractive offer and the phenomenon of migration from the metropolises to tourist areas, originated during the pandemic, have been promoted in Mérida.

The opportunities for Real Estate are as great as its challenges; infrastructure, sustainable growth, verticalization and redensification, are some relevant issues for the development of the economy of the White City, which Real Estate development in the event Reb Mérida.

Currently, the capital of the state of Yucatan has 1.3 million inhabitants and registers a historical evolution of growth in the housing sector of 4%, which exceeds the national average of 2.2%, according to Raúl Naya, director of Gira Capital Real Estate.

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The vertical residential segment has been the big winner in the north, after a rise in the cost of land and the increase in the price of the horizontal product in 2018. According to a study carried out by Gira, there are 148 products whose average price per square meter is around 28 thousand pesos and an average of 177 units are sold per month.

Contrasting these figures with the available units, Naya shared that the residential sector has 11.8 months of inventory, which shows a healthy market with absorption agility.

Regarding the region of the Yucatecan Coast, a similar dynamic is perceived. Three years ago, 40 apartments were sold a year, today it reaches 500 units. While prices have risen significantly to 40 thousand pesos per m2.

Regarding the industrial real estate sector in Mérida, Santiago Mancebo, from BTERRA, explained that, although they represent close to 1% nationwide, it also has a faster evolution, a fact that confirms the interest of conglomerates such as Amazon and Walmart, who have installed Distribution Centers in the region.

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“In the commercial area, a recovery is observed in some shopping centers with rental prices we intend”.

The commercial sector has recovered with absorptions of 80%, although the outlook looks complex for the corporate segment, according to Roberto Kelleher, general director of Inmobilia and Gonzalo Espejel, general director of Umana Cities.

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