Real Estate in Merida, Mexico

"I live in a large furnished studio with good sized kitchen with pantry (full size appliances), true dining area (room for 6-8) living area with sofa, coffee table and 2 chairs and nice sized bedroom area. It has a yard with parking and outside dining and is fully air conditioned. It's actually the ground floor of a 2 story house so it's larger than most studios IME. Including my power, water, garbage, gas and WIFI, it's under $400 USD per month. Outside my front door is a park and 2 more parks are within 3 blocks in opposite directions. It's a great neighborhood away from downtown but still has every kind of business within a 5 minute walk. A really nice mall is 2.4 miles away and it's dog-friendly! I've lived in 3 different neighborhoods in Merida, Yucatan, Mexico including Centro and this is by far my favorite! FYI, my AC runs 24/7/365. It's clean, quite, walkable and has green spaces," remarked one foreigner who made the move to Merida.

"A typical expat home or apartment in Merida is typically modern and stylish with a mix of traditional Mexican design mixed with contemporary design. The architecture of the homes and apartments usually features large windows and balconies, giving a nice open feeling. Many have floor tiles and white walls, giving it a distinctive Mexican look. The furniture is typically comfortable, yet simple and modern. Expats in Merida can also enjoy outdoor living spaces with outdoor dining areas, pool areas and landscaped gardens," said one expat who made the move to Merida.

"My husband found a two bedroom one bath house in Pensiones neighborhood in Merida Yucatan for about $35,000 USD. It needs another $10k in upgrades or remodeling but it is a cute home and would be great. The rents here are all over the place. But a huge home with a lot of amenities unfurnished in my neighborhood (4 bedrooms or 5 with three bathrooms and so on? Goes for $14,000 Mexican pesos a month. About $675 or $700 USD give or take," explained one person living in Mexico.

"When deciding whether to buy or rent a home in Merida, there are several factors to consider. If you are planning to stay in the city for an extended period of time, buying could be a more economical choice. In terms of home values, Merida offers some of the best prices in all of Mexico, meaning its real estate can offer an attractive return on investment. On the other hand, rental costs in Merida are typically very low and offer a range of housing options. This can be beneficial if you are looking for flexibility or prefer to live in more temporary accommodation. Ultimately, it is important to weigh the pros and cons before making a decision," remarked one foreigner who made the move to Merida.

"When buying property in Merida, it is important to research the local market, understand the legal process, and factor in all associated costs. It is wise to work with a professional real estate agent with knowledge of the Merida area. Additionally, it is important to understand the zoning regulations, title registration process, and any potential title issues associated with the property. As with buying any property, extensive due diligence is recommended and a lawyer specializing in real estate should be consulted. Lastly, be aware that you may also need to obtain an FM3 visa or residency permit in order to purchase property in Mexico," explained one foreigner living in Merida, Mexico.

"Yes, foreigners are allowed to own property in Merida. The Mexican Constitution guarantees the right of foreigners to own property in Mexico, as long as certain restrictions are followed. Foreigners are not allowed to own property within a restricted zone, which is within 100 kilometers of any international border or 50 kilometers of any coastline. However, foreigners can purchase property in the unrestricted zone, which is outside of the restricted zone. Additionally, foreigners must obtain a permit from the Foreign Affairs Ministry in order to purchase property in Mexico," said one expat in Merida.

"Most rental properties in Merida, include basic appliances such as a refrigerator, stove, oven, and washing machine. Some properties may also have additional amenities such as a dryer, microwave, dishwasher, cable/satellite TV, and air conditioning," explained one person living in Merida, Mexico.

"Expats can search for homes in Merida by looking online for real estate listings, contacting local real estate agents, and searching for expat-specific resources such as expat forums and websites. Additionally, expats can look for rental listings in local newspapers and online classifieds, and ask other expats in the area for recommendations," wrote one expat who made the move to Merida.