Should I buy or rent a home in Merida?

If you have not spent a lot of time in Merida, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"When deciding whether to buy or rent a home in Merida, there are several factors to consider. If you are planning to stay in the city for an extended period of time, buying could be a more economical choice. In terms of home values, Merida offers some of the best prices in all of Mexico, meaning its real estate can offer an attractive return on investment. On the other hand, rental costs in Merida are typically very low and offer a range of housing options. This can be beneficial if you are looking for flexibility or prefer to live in more temporary accommodation. Ultimately, it is important to weigh the pros and cons before making a decision," said another expat in Merida, Mexico.