Merida Mexico was founded in 1542 and contains a mixture of Maya, French and British influences. Located 4 hours from the coast, it is a city with a rich cultural life, great weather, and top class medical care and hospitals. Along with many theatres, museums, art galleries, parks and traditional Mexican and Yucatec food, you can begin to see why Forbes has voted Merida as one of the best cities to live in several times. This is also why many Canadians and American expats have chosen to make Merida their home when they decide to retire in Mexico. The Merida real estate market has everything from old colonial houses with courtyards to modern condos for sale.
Why is Merida real estate so popular with expatriates? A lot of it has to do with Merida’s location, road infrastructure and its competitive prices for land. The Merida real estate prices here are lower than parts of Mexico that are popular destinations for tourists, which is one of the reasons it is becoming a popular place to for Mexico retirement.
The local real estate in Merida has bounced back from the recession that struck almost a decade ago, and the heavy financial and commercial activity here has led to much growth. This is most evident in the northern end of the city, which contains new modern housing developments and high rise condos. Much of the population of this area is made up of former residents from around the country, many of whom are wealthy.
Merida Real Estate Styles – Colonial houses, mansions or new condos?
Once you’ve decided upon settling here and buying a home or condo in Merida you will be faced with an array of different styles from which to choose from.
Colonial houses in Merida were built after the arrival of the Spanish in 1592. They have semi-circular arches, Tuscan and Roman columns and use masonry for the walls. They have street level balconies and front walkways, with white pillars at the entrance and elegant front yards.
French inspired mansions in Merida take inspiration from Europe and New Orleans. You will see this style of Merida real estate in an area of town called Paseo de Montejo, which has a mixture of styles that is eclectic. This neoclassic, French, baroque and neo-gothic. Entrances are above-ground level and far from the road, with a stairwell leading up and a double high ceiling. There will likely be much ornamental use of iron and wood, in addition to colonial arches and courtyard gardens
The Art Deco style is popular with real estate in Merida and is from the 1930’s. In Merida property the influence is recognizable on houses with verticality in the façade and rectangular block forms arranged in geometric patterns. They also have curved ornamental elements and are often made from stucco, concrete, smooth faced stone and Terracotta. They are very modern, utilizing steel, aluminum, and glass.
Midcentury homes tend to be functional and lack ornaments. They have flat, extended roofs with low ceilings and large terraces.
Modern Merida real estate developments can be found in the north end of the city. They are built with simplicity in mind, with a spacial design that is often in a grid pattern. They is a lot of contrast between light and dark, and a wide range of styles mixing old and new.
Progreso Real Estate – Beachfront Condos and Houses
The Progreso real estate marekt is located only 30 minutes away from Merida is a small fishing town known as Progreso de Castro, home to approximately 45,000 people. It was founded in 1865 and has the Yucatan’s largest port, which sees thousands of boats pass through from the Gulf of Mexico, here to support the huge fishing industry. Tourists that come here are attracted by Progreso’s small town charm, while residents enjoy the fact that they have the same access to services and amenities found in a city like Merida.
The mixture of Caribbean, colonial and modern styles for homes in Progreso real estate make it very attractive to Americans and Canadians.
Progreso appeals to those who are looking for the tranquility of a traditional village setting and a relaxing lifestyle with a low cost of living. It is located close to many worthwhile places to visit, such as the city of Valladolid and the Chichen Itza pyramids, and it has one of the longest piers in the western hemisphere, allowing for many commodities to be distributed through here. Add to this a low crime rate and several open markets selling various ingredients and crafted wares and you can see why Progreso real estate has become so popular for people that want to move to Mexico.
There are a variety of properties available in Progreso, from traditional Mexican homes to modern beachfront condos in Progreso.
Although this used to be the summer destination for Merida’s wealthy residents, the Progreso real estate pricing now is comparable to smaller sized condos in the Mayan Riviera real estate market. This is why it continues to attract many foreign buyers and expats who are seeking an alternative to the kinds of busy tourist centres such as the Tulum and Playa del Carmen real estate markets..
… Prospective buyers will find prices here that are cheaper than in other parts of Yucatan or Quintana Roo, with many homes and condos in Progreso beginning at $100,000 USD. It is also ideal for those who are interested in purchasing a residential lot for building a home or are looking for a great place to invest in a vacation home in Mexico.
This area of the Yucatan is likely to continue to attract many American and Canadian expats and retirees who wish to see their money go much further than they would on the coast of the Mayan Riviera.
If you are interested in knowing more about Merida or Progreso, the best thing to do is come and visit in person and see for yourself. You can also contact our Mexico real estate buyer’s agent who can provide you with a tour and show you a variety of homes and properties that suit your needs and budget. Or simply contact us below for more information about Merida real estate and Progreso property.
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