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Housing becomes increasingly expensive in Mérida: 40% increase in house prices

- June 24, 2024

In the past two years, there has been a significant increase in the price of homes due to factors such as inflation and the desire to live in the city.

According to the Mexican Association of Real Estate Professionals (AMPI) Mérida, the price of real estate in the city of Mérida has increased by up to 40% over the past two years.

The president of the organization, Iván Cervera López, said that this phenomenon is associated with several factors that have affected the real estate market in the Yucatecan capital.

He added that one of the main factors is inflation, which has influenced the price increase experienced during this period, as well as the COVID-19 pandemic, which caused a shortage of construction materials, leading to increased costs.

Another factor, he said, was the construction of the Maya train, which generated a greater demand for labor and materials in the region, contributing even more to the price increase.

Additionally, the growing interest and desirability of living in Mérida has led to an increase in the value of land. The city has gained popularity due to its quality of life, security, and cultural offer, attracting more people who want to establish themselves in the Yucatecan capital.

Cervera López emphasized that these factors have also affected the price of land, which increases by 15-20% annually.

He highlighted the importance of ensuring that this growth does not compromise the quality of life in Mérida and recalled the importance of urban development that maintains the peace and tranquility characteristic of the city.

He added that it is necessary to balance economic growth with the preservation of quality of life, which is essential for Mérida to continue being a desirable place to live.

“We will continue to strengthen and position AMPI Mérida as a committed association with society, always putting the interests of users first, because we understand that this is how things work better, seeking to consolidate benefits for members,” he emphasized.

He called for responsibility, urging teamwork with the best notaries, banks, and valuators to promote responsible products and contribute to the sustainability of the sector.

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