Mérida’s real-estate prices still soaring to new heights

The price of homes has been steadily increasing in Mérida for over a decade.

However, increasing demand and inflation rates have made buying a home in Mérida not much more than a dream for most locals.

The so-called super peso is also making homes more expensive for expats, with Mexico’s currency now trading at the highest rate in over half a decade.  

According to propiedades.com, the average sale price for a home in Mérida’s Centro is 3.1 million pesos, or nearly US$200,000.