How Affordable Is Real Estate in Yucatán?
Yucatán has become one of Mexico’s most desirable regions for property buyers, thanks to its unique mix of affordability, safety, and lifestyle. Whether you’re looking for a colonial home in Mérida, a beachfront property in Progreso, or land for development, Yucatán offers exceptional value compared to Canada or the U.S. Let’s break down just how affordable real estate is in this region.
1. Affordable Prices Across All Property Types
In Yucatán, you can find a variety of properties at prices that won’t break the bank. A charming home in Mérida’s historic center can start as low as $150,000 USD, while beachfront properties in Progreso or Chelem range from $180,000 to $300,000 USD. These prices are a fraction of what similar properties would cost in North America.
2. Cost Per Square Foot
On average, the cost per square foot in Yucatán is significantly lower than in major U.S. or Canadian cities. For example, in Mérida, the price per square foot ranges from $70 to $100 USD, while in cities like Toronto or Los Angeles, it can exceed $500 USD.
3. Investment Opportunities in Land
Buying land in Yucatán is particularly affordable, with prices starting at $20 USD per square meter in developing areas. This opens the door for custom builds, future resale, or development opportunities.
4. Lower Taxes and Fees
Yucatán’s property taxes and closing costs are relatively low. Annual property taxes are usually under $500 USD, while closing costs typically range from 5% to 7% of the property’s value, far less than in Canada or the U.S.
5. The Best Value for Your Money
Whether it’s a luxury home, a vacation property, or an investment property, buyers in Yucatán get more for their money. The region offers safety, modern amenities, and a high quality of life—making it an affordable yet premium choice.
“Yucatan’s Real Estate Market offers unparalleled affordability and value”
Whether you’re planning to move, investment, or rent a home, get expert guidance before paying. Get FREE advice with us and let’s start your Yucatán journey today!
