The president of the Mexican Institute of Finance Executives (IMEF) in Yucatán, Isaías Marrufo Góngora, warned that Yucatán is experiencing rapidly rising housing prices, primarily in Mérida.
“In the second quarter of 2025, residential property prices in the state capital increased 10.4%, while nationally the increase was 8.4%. This places Mérida among the nine cities with the highest increase in housing costs,” he commented.
He also stated that Mérida has consolidated its position as the city with the highest housing demand in Mexico, accounting for 9.4 percent of purchase searches nationwide.
He explained that this situation is occurring in a context where inflation in Mérida remains above the national average.
“In Mérida, the cost of a two-bedroom apartment reached more than 3 million pesos, reflecting the rising costs in the real estate sector,” he stated.
It pointed out that last August, inflation was recorded at 3.84% compared to the national rate of 3.57%, and “although there was a slight decrease compared to the previous month, it is still above the national average and directly affects consumers’ purchasing power.”
The IMEF indicated that the main causes of the increase in home values are:
High demand for both purchase and rental.
Economic growth and internal migration, attracting investors.
The safety and quality of life offered by Mérida are key factors for buyers.
Inflation remains above the national average.
Source: eluniversal
