Experiences Increase in Affordable Real Estate 2011
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The Yucatan Peninsula in Mexico is often known for white beaches and a rich Mayan culture, but in the heart of the Yucatan rests its capital city Merida. Merida is recognized as the most secure place to live in Mexico and its residents are proud to keep this reputation strong. As a hub for expatriate activity, Merida has long been a real estate market for Canadians and Americans seeking a strong community and an authentic cultural lifestyle. In recent months, real estate in Merida is on the rise as expatriates are purchasing colonial homes in the center of town. Due to this insurgence, Centro has undergone a facelift as locals and expats are drawn to the familiar luxuries of home, charming local hot spots and a vibrant night life.
An even more desirable location for second home real estate is the suburb of Merida. Lush landscapes and secure gated communities are seeing tremendous activity. Las Fincas, a gated community 20 minutes from the beach and 15 minutes from Centro is quickly growing into one of the most sought after addresses. As home prices rise in at the beachfront and in Centro, the outlying areas remain affordable and offer the lifestyle that is missed by expats in the center of town.
Alfonso Galindo is a Senior Advisor with E360 and is an American living in Merida and has seen first-hand how expatriates are seeking a lifestyle within a close proximity to modern shopping and medical services. "Over the past 10 years, there has been a consistent trend of expats looking for an authentic Mayan connection, but not willing to give up things like internet and purified water. We are starting to see a strong attraction to gated communities - expats are realizing that converting a home in the center of town is not for the faint of heart."
Galindo is the newest addition to the Las Fincas, Merida real estate development. He says he was attracted to the project because his clients were looking for security and exclusivity of a gated residential community. "Las Fincas has done a great job of providing its residents a strong connection to Mexican culture as well as an active lifestyle that living in Centro doesn't provide". In comparison to other real estate opportunities throughout Mexico, Las Fincas is at the top of the list. Las Fincas offers an onsite botanical garden, tennis court, basketball court, swimming pool and clubhouse with business center, game room and exercise studio. In addition, there are exclusive golf membership opportunities for homeowners at one of the best courses in the Yucatan.