MERIDA, Mexico, March 30, 2012 /PRNewswire/ -- Merida's real estate market is sizzling! And the Mexicans are driving the market. The majority of the sales are occurring on the north side of the city, mainly driven by wealthy, upper middle and middle class Mexicans from Mexico City, Monterrey and Vera Cruz.
Consider this - if you want to find the best ethnic restaurants anywhere - you check out the restaurants that are packed with the locals. The best Vietnamese places are crowded with SE Asians. The best Mexican restaurants are loaded with Latinos and the best Dim Sum restaurants are swarming with Chinese.
Following this simple logic, if you want to find the best place to live and invest in Mexico - follow the Mexicans. And the Mexicans are flocking to Merida.
Why? Safety, value, infrastructure, cost of living, health care facilities, great universities and trade schools, a diverse, growing economy and the tropical lifestyle.
Here's where the real estate investment opportunities exist:
- Land north and northeast of Merida. The values of raw land on the north side of Merida has increased by over 100% plus in the last 5 years and will continue to increase at a very strong rate for the foreseeable future.
- Income producing properties in Centro, north of Centro or to the north - northeast side of Merida. There is very strong demand for rental properties. If you are looking for a solid, income producing opportunity, look for good properties in these areas. Demand for rentals is a trend - not a passing fad.
- The financial difficulties in the USA and Europe have created great buying opportunities in Merida's historic district and on the beach.
However, American portfolios are rebounding, confidence in the economy is improving and those baby boomer Americans who put off that retirement move to Mexico - are getting ready to re-commit. This is a trend that will continue throughout the next decade.
The USA is Mexico's largest trading partner. The USA is on the mend and the housing market will recover. In the meantime, there are millions of American baby boomers getting set-up to retire. Mexico is close. Mexico is affordable. Mexico is ready and Merida is the place to be!
For more information on trends and opportunities in the Merida Real Estate Market, see our press release from December 2011:
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SOURCE Mexico International Real Estate