What do people think of when they think of Yucatan real estate? That depends a good deal on their experience on the Yucatan Peninsula. Those who have focused more on the colonial may think primarily of Merida real estate. Those who have spent most of their time on the Caribbean beachfront may think mostly of Cancun real estate or similar markets. The following is a little comparison of these two to show the differences and similarities between these two markets.
- Colonial vs. Beachfront – Of course, the most striking difference is this basic distinction in the concept of each city. Merida is an old colonial city; day to day life is defined by the visual atmosphere of beautiful old buildings. In Cancun, on the other hand, day to day life is visullay defined by the beach –views of the beach, life on the beach, etc.
- Low-rise vs. High-rise – In terms of real estate, this is one of the most distinctive differences; in Merida, the city tends to be low to mid-rise, a real factor contributing to the colonial atmosphere; Cancun tends towards high-rises on the beachfront.
- Old Culture vs. Modern Convenience – As for lifestyle, those who live in Merida will enjoy submersion in an old culture that has been established for centuries – music, art, food, etc. all reflect this culture. In Cancun life is marked by close access to modern convenience – shopping malls, movie theaters, golf courses, etc.
- Easy access to the “other” – While the factors listed above do much to define each location, none is very isolated from the other. The new development areas in Merida include malls and international stores, and the beach is only 30 minutes away. Cancun has close, central access to many small colonial cities, and is only a couple of hours away from Merida itself.
- Low prices – Both areas offer surprisingly low prices for real estate, whether it’s a beachfront condo in Cancun or a colonial home in Merida. Besides real estate, the cost of living is also low.
- Warm weather – The entire Yucatan Peninsula is warm all year round; residents in both cities can enjoy breakfast on their terrace, riding bike, going to the park or swimming at the beach at any time of year.
- Easy, affordable access – Both the Merida and Cancun international airports are very well connected and offer flights at prices accessible to the average American or Canadian.
For buyers who still can’t decide between the two, a brief visit to each would help make up their mind.
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Region: Mazatlan real estate Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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