Average salary of real estate agents in Merida

Overview of the average salary of real estate agents in Merida

As a real estate agent in Merida, one of the most common questions people ask is about the average salary in this field. The truth is that the salary of a real estate agent can vary greatly depending on factors such as experience, location, and market conditions.


On average, real estate agents in Merida earn a decent income that allows them to live comfortably. According to recent data, the average salary for real estate agents in Merida ranges from $20,000 to $50,000 per year. However, top-performing agents can earn significantly more by closing high-value deals and earning commissions.


Factors such as networking skills, marketing strategies, negotiation skills, and local market knowledge play a crucial role in determining how much a real estate agent can earn. Those who are dedicated and hardworking have the potential to earn six-figure incomes by building a strong client base and maintaining positive relationships with buyers and sellers.


It's important to note that becoming a successful real estate agent requires time, effort, and dedication. While the average salary may seem attractive, it's essential to understand that success in this field doesn't come overnight. Real estate agents need to continuously educate themselves on market trends, improve their sales skills, and provide excellent customer service to reach their full earning potential.


Overall, the average salary of real estate agents in Merida reflects the opportunities available in this dynamic industry. With determination and perseverance, real estate agents can achieve financial success while helping clients find their dream homes or sell their properties at competitive prices.

When it comes to determining the average salary of real estate agents in Merida, there are several factors that come into play. These factors can have a significant impact on how much a real estate agent earns in this bustling city.


One of the key factors that influence the salary of real estate agents in Merida is experience. Typically, real estate agents with more years of experience tend to command higher salaries. This is because they have built up a reputation and a network of clients over time, which allows them to secure higher commissions on sales.


Another factor that can affect the salary of real estate agents in Merida is their level of education and certification. Real estate agents who hold advanced degrees or certifications in related fields may be able to demand higher salaries due to their specialized knowledge and expertise.


The location of the properties being sold can also impact the salary of real estate agents in Merida. Properties located in prime areas with high demand tend to sell for higher prices, resulting in larger commissions for the selling agent.


Furthermore, market conditions play a crucial role in determining the salary of real estate agents in Merida. In a booming real estate market, agents may see an increase in sales volume and higher commissions, whereas during a downturn, their earnings may decrease.


Overall, there are various factors that can influence the salary of real estate agents in Merida. By considering these factors and working diligently to build their skills and reputation, real estate agents can maximize their earning potential in this competitive industry.

TrustFirst Merida Real Estate: Your Leading Choice for Real Estate Investment in Merida, Mexico

Discover the Most Trusted Real Estate Experts in Merida, Mexico

Merida, the center of Yucatán, is quickly becoming one of the hottest property markets in Mexico. With its vibrant colonial charm, expanding infrastructure, and a rising flow of international and domestic buyers, the city presents profitable real estate prospects. At TrustFirst Merida Real Estate, we take pride in being the most trusted Realtors in Merida, Mexico, offering unparalleled knowledge, comprehensive market analysis, and a personalized approach to help you find your ideal property.

Why Invest in Merida Real Estate?

The property sector in Merida has seen a steady increase in demand, with property values rising by an estimated 8% to 12% each year. Investors and residents alike are attracted to the city due to its low cost of living, high safety ratings, and rich heritage. Unlike other Mexican tourist destinations, Merida provides a balance between historic elegance and contemporary amenities, making it an ideal place for expats, and real estate enthusiasts.

As experienced Realtors in Merida, Mexico, we know the complexities of the local market and can assist you through each phase of the purchase or selling process.

What Sets TrustFirst Merida Real Estate Apart?

1. Market Expertise & Data-Driven Insights

Understanding the real estate market requires reliable, up-to-date data. At TrustFirst Merida Real Estate, we leverage market analytics, property valuation reports, and local expertise to provide strategic investment strategies.

2. Personalized Service from Top Realtors in Merida, Mexico

Every buyer has specific requirements, and we customize our approach accordingly. From selecting high-value locations to managing legal paperwork, our expert property consultants make sure a smooth transaction.

3. Exclusive Listings & Off-Market Opportunities

Many of the best properties in Merida are not publicly listed. Through our vast connections of home sellers, developers, and investors, we offer VIP entry to hidden listings.

Best Neighborhoods for Real Estate Investment in Merida

1. Centro Histórico – The Heart of Colonial Merida

  • Filled with beautifully restored colonial mansions.
  • Strong property value growth due to rental income potential.
  • Close to cultural attractions, plazas, and fine dining.

2. North Merida (Altabrisa & Temozón)

  • Includes modern homes, gated communities, and luxury properties.
  • Near top-rated international schools, hospitals, and shopping centers.

3. Progreso & Chicxulub – Beachfront Properties

  • Ideal for vacation homes and rental investments.
  • Beachfront real estate prices have increased by over 15% annually.

Work with the Best Realtors in Merida, Mexico

No matter if you are buying, selling, or investing in Merida real estate, TrustFirst Merida Real Estate is your go-to advisor. Our team of experienced real estate professionals is committed to ensuring you reach your property goals.

📞 Reach out to us today to schedule a free consultation and begin exploring with the leading Real Estate Agents in Merida, Mexico!

Investing in Mérida Real Estate: A Guide for Foreign Buyers

Mérida, the vibrant capital of Yucatán, has become a sought-after market for foreign investors.

With its colonial charm, high rental demand, and strong capital appreciation potential, foreign buyers are finding Mérida to be an ideal real estate market.

What Makes Mérida an Attractive Real Estate Market?

Budget-Friendly Real Estate Options

Mérida offers some of the most affordable property prices in Mexico, making it accessible to investors with varying budgets.

High Rental Yield Potential

The city's rise in popularity among foreign residents the demand for both short-term and long-term rentals has surged.

Real Estate Market Stability

Real estate in Mérida continues to show consistent appreciation, making it an excellent choice for long-term investors.

Legal Framework for Foreign Property Ownership

What is a Fideicomiso?

Mexican law imposes restrictions on foreign ownership in specific restricted zones, including coastal areas.

To bypass this restriction, foreign buyers use a fideicomiso, which allows them to hold property via a Mexican bank.

Direct Property Ownership for Foreigners

Because Mérida is not in a restricted zone, foreign investors can own property outright, simplifying the investment process.

Understanding Ejido Land Before Buying

Some land in Mexico is classified as ejido land, which is not private property, making it risky for foreign buyers.

Top Neighborhoods for Property Investment

Colonial Homes in the City Center

Offering a mix of cultural charm and modern conveniences, Centro Histórico is a prime area for real estate investors.

North Mérida

North Mérida is home to modern gated communities, with proximity to shopping centers, hospitals, and schools.

A Guide to Buying Property in Mexico

2. Work with a licensed real estate agent.

6. Close the transaction with a notary.

Is Mérida the Right Real Estate Market for You?

The combination of affordability and rental demand makes Mérida making it a lucrative destination for investors.

At TrustFirst Mérida Real Estate, we specialize in helping foreign buyers navigate the market.

At TrustFirst Mérida Real Estate, we help buyers find the perfect property.

Comparison of salaries between new and experienced real estate agents

When it comes to the average salary of real estate agents in Merida, there is often a noticeable difference between new agents and those with more experience.


New real estate agents in Merida typically start off with a lower salary compared to their more seasoned counterparts. This is because they are still building their client base and gaining experience in the industry. As they gain more clients and close more deals, their income tends to increase over time.


On the other hand, experienced real estate agents in Merida who have been in the industry for several years tend to command higher salaries. This is due to their extensive knowledge of the market, established connections with clients, and proven track record of successful transactions. They are able to leverage their experience to negotiate higher commissions and secure larger deals.


Overall, while there may be a discrepancy in salaries between new and experienced real estate agents in Merida, both groups have the potential to earn a lucrative income in this competitive industry. It all comes down to hard work, dedication, and building strong relationships with clients.

Real Estate Agent Merida

Comparison of salaries between new and experienced real estate agents

Discussion on potential for growth and earning potential in the real estate industry in Merida

The real estate industry in Merida is booming, with great potential for growth and earning potential for real estate agents. The average salary of real estate agents in Merida reflects this promising outlook.


In recent years, Merida has seen a surge in development and infrastructure projects, leading to an increased demand for residential and commercial properties. This has created a wealth of opportunities for real estate agents to capitalize on the growing market.


Real estate agents in Merida are well-positioned to benefit from this trend, with many earning competitive salaries that reflect the city's vibrant property market. With their knowledge of local neighborhoods and properties, as well as their negotiation skills and marketing expertise, real estate agents play a crucial role in facilitating transactions and helping clients find their dream homes or investment properties.


As the economy continues to thrive and more people choose to make Merida their home or invest in its growing real estate market, the earning potential for real estate agents is only expected to increase. With dedication, hard work, and a keen understanding of the local market trends, real estate agents in Merida have the opportunity to build successful careers and earn lucrative salaries in this dynamic industry.


Overall, the average salary of real estate agents in Merida reflects the city's bright future as a hub for property investment and development. With its strong growth prospects and high demand for skilled professionals in the industry, Merida offers ample opportunities for real estate agents to thrive and achieve financial success.

Mérida Cathedral
The Mérida Cathedral
Religion
Affiliation Roman Catholic
Status Preserved
Location
Location Mérida, Yucatán, Mexico.
Geographic coordinates 20°58′1.64″N 89°37′21.32″W / 20.9671222°N 89.6225889°W / 20.9671222; -89.6225889
Architecture
Architect(s) Juan Miguel de Agüero
Type Cathedral
Groundbreaking 1562
Completed 1598[1]
Materials Stone
Coat of Arms
Statue of St. Paul in a niche

The Mérida Cathedral in Mérida, Yucatán, Mexico, is one of the oldest cathedrals in the Americas.[1][2]

History

[edit]

Construction of the cathedral of Mérida began in 1561, and it was completed in 1598. It was the second cathedral to be completed in the Americas (the Cathedral of Santo Domingo, completed in 1550, was the first). It is a unique monument with clear antecedents in Andalusia. The seat of the bishopric of Yucatán, the cathedral was built on the site of Mayan ruins T'ho.[1][3][4]

The bishopric of Yucatán had an uncertain start. The Yucatán peninsula was explored by Francisco Hernandez de Córdoba and Juan de Grijalva on behalf of Diego Velazquez de Cuellar, the adelantado of Cuba, in 1517 and 1518.[5] The creation of a diocese in the recently discovered country was urged by Velazquez, who presumed to have jurisdiction over the region and hoped to colonize it. An episcopal see known as "Carolense" was indeed created by Pope Leo X in 1519 (later renamed "Our Lady of Remedies" by Clement VII). But said diocese was not implemented in the territory of Yucatán but in that of Tlaxcala instead and later on was moved to Puebla. It cannot therefore be considered the predecessor of the diocese of Yucatán.

The diocese of Yucatán proper, named "Yucatan and Cozumel," was created by Pius IV in 1561. St. Ildephonsus of Toledo was invoked as the patron.[6] Two prelates for the new see were nominated in succession by the Spanish Crown but neither could be consecrated for entirely accidental reasons. A third candidate, fray Francisco Toral, was eventually consecrated and took possession on August 14, 1562. He was the first of a long line of bishops, later archbishops, of Yucatán.

The system of vaulting used throughout the building was based on the ideas of Andres de Vandelvira, first applied to the building of the cathedral of Jaen. Indeed, there is every possibility that Vandelvira's schemes were brought to the Mérida project by the first bishop of Yucatán, fray Francisco Toral, who hailed from Ubeda, a town in the Jaen province.[7]

References to the cathedral can be found in the Books of Chilam Balam.[5][8]

Construction

[edit]

Land had been set aside for the cathedral at Mérida, the place recycled by the Spanish under Francisco de Montejo as the capital of the new colony.[6] The colonial city was set amidst the ruins of the Maya settlement of Ichcansiho (T'ho for short), and work for the church was begun shortly after Toral's arrival.[6] The church was to be built on the eastern side on the main town square, where a temporary building with a roof of palms was erected. It was not until 1562 that construction of the cathedral began. Labor for this construction came from Mayans, some of who still practiced their own religion.[2][3] Laborers used stones from the Mayan temple of Yajam Cumu to build the cathedral.[6][9] Two known Mayan workers were Francisco Pool, and Diego Can.[9] Although architect Juan Miguel de Agüero completed the cathedral, it was Don Pedro de Aulestia who led the initial construction.[9]

Coat of Arms

[edit]

The coat of arms on the cathedral facade was originally designed to reflect the Spanish royal coat of arms.[9] The original royal coat consisted of four sections containing symbols of gold castles and crowned lions. At the very top of the coat was a representation of the royal crown of Spain. After Mexico's independence, the shield was partially destroyed due to anti-Spanish sentiment. The central piece of the shield containing the castles and lions were removed using a pickaxes and chisels. In 1824, the empty shield was filled with a Mexican eagle wearing the imperial crown of Iturbide.[10][9] After the redesign of the shield, a second wave of anti-Spanish sentiment led to the entire coat of arms being buried beneath a slab on cement. The cement was later removed to reveal the coat of arms as can be seen today.

St. Peter and St. Paul

[edit]

On the cathedral facade there are statues of St. Peter and St. Paul. The statue of St. Paul is distinguished by the sword and the book he is holding. St. Peter is depicted holding the keys to the Church.[9]

References

[edit]
  1. ^ a b c Rasmussen, Christian (October 1998). "Yucatán's church of all ages". Americas. Retrieved 2009-01-03.
  2. ^ a b Andrews, Anthony (1981). "Historical Archaeology in Yucatán: A Preliminary Framework". Historical Archaeology. 15 (1): 1–18. JSTOR 25615385.
  3. ^ a b Low, Setha (1995). "Architecture and the Spanish American Plaza in Mesoamerica and the Caribbean". American Anthropologist. 97 (4): 748–762. doi:10.1525/aa.1995.97.4.02a00160. JSTOR 682595.
  4. ^ Restall, Matthew (1997). The Maya World: Yucatec Culture and Society 1550-1850. Stanford, CA: Stanford University Press. p. 2. ISBN 978-0-8047-3658-9.
  5. ^ a b Clendinnen, Inga (2003). Ambivalent Conquests. United States of America: Cambridge University Press. pp. 5. ISBN 978-0521820318.
  6. ^ a b c d Galindo Trejo, Jesús (2013). "La Traza Urbana de Ciudades Coloniales en México:¿Una Herencia Derivada del Calendario Mesoamericano?". Indiana. 30: 45–46 – via Academic Search Complete.
  7. ^ Chuchiak IV, John F. (2005). "In Servitio Dei: Fray Diego de Landa, the Franciscan Order, and the Return of theExtirpattion of Idolatry in the Calonial Diocese of Yucatán, 1573-1579". The Americas. 61 (4): 611–646. doi:10.1353/tam.2005.0063. JSTOR 4490974.
  8. ^ Edmonson, Munro S. (1986). Heaven Born Merida and its Destiny: The Book of Chilam Balam of Chumayel. Austin, Texas: University of Texas Press. pp. 128–129. ISBN 978-0292730274.
  9. ^ a b c d e f Rasmussen, Christian; Howe, Kate; Lara Castro, Pbro. Juan (2001). Cathedral of Merida. Mérida, Yucatán: Compañia Editorial de la Península, S.A de C.V. p. 11.
  10. ^ Schreffler, Michael J. (February 2017). "La Catedral de Mérida: La gran casa de Dios en medio de T'hó". Hispanic American Historical Review. 97 (1): 146–148. doi:10.1215/00182168-3727527. ISSN 0018-2168.
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Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.[1][2] In terms of law, real relates to land property and is different from personal property, while estate means the "interest" a person has in that land property.[3]

Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals.

In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state.[3]

History of real estate

[edit]

The natural right of a person to own property as a concept can be seen as having roots in Roman law as well as Greek philosophy.[4] The profession of appraisal can be seen as beginning in England during the 1500s, as agricultural needs required land clearing and land preparation. Textbooks on the subject of surveying began to be written and the term "surveying" was used in England, while the term "appraising" was more used in North America.[5] Natural law which can be seen as "universal law" was discussed among writers of the 15th and 16th century as it pertained to "property theory" and the inter-state relations dealing with foreign investments and the protection of citizens private property abroad. Natural law can be seen as having an influence in Emerich de Vattel's 1758 treatise The Law of Nations which conceptualized the idea of private property.[6]

One of the largest initial real estate deals in history known as the "Louisiana Purchase" happened in 1803 when the Louisiana Purchase Treaty was signed. This treaty paved the way for western expansion and made the U.S. the owners of the "Louisiana Territory" as the land was bought from France for fifteen million dollars, making each acre roughly 4 cents.[7] The oldest real estate brokerage firm was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner".[8] In 1908, the National Association of Realtors was founded in Chicago and in 1916, the name was changed to the National Association of Real Estate Boards and this was also when the term "realtor" was coined to identify real estate professionals.[9]

The stock market crash of 1929 and the Great Depression in the U.S. caused a major drop in real estate worth and prices and ultimately resulted in depreciation of 50% for the four years after 1929.[10] Housing financing in the U.S. was greatly affected by the Banking Act of 1933 and the National Housing Act in 1934 because it allowed for mortgage insurance for home buyers and this system was implemented by the Federal Deposit Insurance as well as the Federal Housing Administration.[11] In 1938, an amendment was made to the National Housing Act and Fannie Mae, a government agency, was established to serve as a secondary market for mortgages and to give lenders more money in order for new homes to be funded.[12]

Title VIII of the Civil Rights Act in the U.S., which is also known as the Fair Housing Act, was put into place in 1968 and dealt with the incorporation of African Americans into neighborhoods as the issues of discrimination were analyzed with the renting, buying, and financing of homes.[13] Internet real estate as a concept began with the first appearance of real estate platforms on the World Wide Web (www) and occurred in 1999.

Residential real estate

[edit]

Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.[14]

Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.[15]

According to the Congressional Research Service, in 2021, 65% of homes in the U.S. are owned by the occupier.[16]

Single-family detached house in Essex, Connecticut, United States
Townhouses in Victoria, Australia
Major categories
  • Attached / multi-unit dwellings
    • Apartment (American English) or Flat (British English) – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings.
    • Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.
    • Terraced house (a.k.a. townhouse or rowhouse) – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space.
    • Condominium (American English) – A building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly. In North America, there are townhouse or rowhouse style condominiums as well. The British equivalent is a block of flats.
    • Housing cooperative (a.k.a. co-op) – A type of multiple ownership in which the residents of a multi-unit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit. Majority of housing in Indian metro cities are of these types.
    • Tenement – A type of building shared by multiple dwellings, typically with flats or apartments on each floor and with shared entrance stairway access found in Britain.
  • Semi-detached dwellings
    • Duplex – Two units with one shared wall.
  • Detached dwellings
  • Portable dwellings

Other categories

The size of havelis and chawls is measured in Gaz (square yards), Quila, Marla, Beegha, and acre.

See List of house types for a complete listing of housing types and layouts, real estate trends for shifts in the market, and house or home for more general information.

Real estate and the environment

[edit]

Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate.[17]

Environmental surveying is made possible by environmental surveyors who examine the environmental factors present within the development of real estate as well as the impacts that development and real estate has on the environment.

Green development is a concept that has grown since the 1970s with the environmental movement and the World Commission on Environment and Development. Green development examines social and environmental impacts with real estate and building. There are 3 areas of focus, being the environmental responsiveness, resource efficiency, and the sensitivity of cultural and societal aspects. Examples of Green development are green infrastructure, LEED, conservation development, and sustainability developments.

Real estate in itself has been measured as a contributing factor to the rise in green house gases. According to the International Energy Agency, real estate in 2019 was responsible for 39 percent of total emissions worldwide and 11 percent of those emissions were due to the manufacturing of materials used in buildings.[18]

Development

[edit]

Real estate development involves planning and coordinating of housebuilding, real estate construction or renovation projects.[19] Real estate development can be less cyclical than real estate investing.[20]

Investment

[edit]

In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property. Often investment properties are rented out, but "flipping" involves quickly reselling a property, sometimes taking advantage of arbitrage or quickly rising value, and sometimes after repairs are made that substantially raise the value of the property. Luxury real estate is sometimes used as a way to store value, especially by wealthy foreigners, without any particular attempt to rent it out. Some luxury units in London and New York City have been used as a way for corrupt foreign government officials and business people from countries without strong rule of law to launder money or to protect it from seizure.[21] Investment in real estate can be categorized by financial risk into core, value-added, and opportunistic.[22]

Professionals

[edit]

See also

[edit]

References

[edit]
  1. ^ "Real estate": Oxford English Dictionary online: Retrieved September 18, 2011
  2. ^ James Chen (May 2, 2019). "What Is Real Estate?". investopedia.com. Archived from the original on August 18, 2000. Retrieved May 13, 2019.
  3. ^ a b Real Estate. Funk & Wagnalls New World Encyclopedia, 1. 2018.
  4. ^ Alvik, Ivar (2018). "Protection of Private Property in the Early Law of Nations". Journal of the History of International Law. 20 (2): 220. doi:10.1163/15718050-19041026. S2CID 158672172.
  5. ^ Klaasen, R. L. (1976). "Brief History of Real Estate Appraisal and Organizations". Appraisal Journal. 44 (3): 376–381.
  6. ^ Alvik, Ivar (2018). "Protection of Private Property in the Early Law of Nations". Journal of the History of International Law. 20 (2): 218–227. doi:10.1163/15718050-19041026. S2CID 158672172.
  7. ^ "Louisiana Purchase: Primary Documents in American History". Library of Congress Research Guides. Archived from the original on 2022-06-25. Retrieved 2022-05-18.
  8. ^ Richardson, Patricia (June 2, 2003). "Father-son team scores big at home; Nearly 150 years old, family-owned Baird & Warner Inc. is a dominant force in the area's residential real estate industry, and shows no signs of slowing down or selling out". Crain's Chicago Business.
  9. ^ "History of National Association of Realtors". National Association of Realtors. 13 January 2012. Archived from the original on 13 May 2022. Retrieved 18 May 2022.
  10. ^ Nicholas, T.; Scherbina, A. (2013). "Real Estate Prices During the Roaring Twenties and the Great Depression". Real Estate Economics, 41. 2: 280.
  11. ^ Greer, J. L. (2014). "Historic Home Mortgage Redlining in Chicago". Journal of the Illinois State Historical Society. 107 (2): 204–233. doi:10.5406/jillistathistsoc.107.2.0204.
  12. ^ "A Brief History of the Housing Government-Sponsored Enterprises" (PDF). Federal Housing Finance Agency – OIG. Archived (PDF) from the original on 2023-03-08. Retrieved 2022-05-18.
  13. ^ Taylor, K. Y. (2018). "How Real Estate Segregated America". Dissent. 65 (4): 23–24. doi:10.1353/dss.2018.0071. S2CID 149616841.
  14. ^ "Title 16. Conservation; Chapter 1. National Parks, Military Parks, Monuments, and Seashores; Minute Man National Historical Park". US Legal. Archived from the original on 2017-07-08. Retrieved 2015-10-04.
  15. ^ Kimberley Amadeo (March 28, 2019). "Real Estate, What It Is and How It Works". thebalance.com. Archived from the original on May 13, 2019. Retrieved May 13, 2019.
  16. ^ "Introduction to U.S. Economy: Housing Market" (PDF). Congressional Research Service. Archived from the original on 2022-07-29. Retrieved 2022-05-18.cite web: CS1 maint: bot: original URL status unknown (link)
  17. ^ Cutting, Robert H.; Calhoun, Lawrence B.; Hall, Jack C. (2012). "'Location, Location, Location' Should Be 'Environment, Environment, Environment': A Market-Based Tool to Simplify Environmental Considerations in Residential Real Estate". Golden Gate University Environmental Law Journal.
  18. ^ "Global status report for buildings and construction". International Energy Agency. 2019.
  19. ^ Frej, Anne B; Peiser, Richard B. (2003). Professional Real Estate Development: The ULI Guide to the Business (2 ed.). Urban Land Institute. p. 3. ISBN 0874208947. OCLC 778267123.
  20. ^ Geltner, David, Anil Kumar, and Alex M. Van de Minne. "Riskiness of real estate development: A perspective from urban economics and option value theory." Real Estate Economics 48.2 (2020): 406–445.
  21. ^ "Why Manhattan's Skyscrapers Are Empty". The Atlantic. 16 Jan 2020. Archived from the original on 13 April 2021. Retrieved 13 April 2021.
  22. ^ Garay, Urbi, Investment Styles, Portfolio Allocation, and Real Estate Derivatives (2016). Garay, U. “Investment Styles, Portfolio Allocation, and Real Estate Derivatives.” In Kazemi, H.; Black, K.; and D. Chambers (Editors), Alternative Investments: CAIA Level II, Chapter 16, Wiley Finance, 3rd Edition, 2016, pp. 401–421.
[edit]

 

Merida
Merida City Hall
Merida City Hall
Coat of arms of Merida
Location of the municipality in Yucatan
Location of the municipality in Yucatan
Merida is located in Mexico
Merida
Merida
Location of the municipality in Mexico
Coordinates: 20°45′21″N 89°31′29″W / 20.75583°N 89.52472°W / 20.75583; -89.52472
Country Mexico
State Yucatán
Mexico Ind. 1821
Yucatán Est. 1824
Municipality Est 1918
Government
 
 • Type 2018 – 2021
 • Municipal President Renán Barrera Concha
Area
 
 • Total
858.41 km2 (331.43 sq mi)
  [1]
Elevation
 
9 m (30 ft)
Population
 (2010[2])
 • Total
830,732
 • Density 970/km2 (2,500/sq mi)
Time zone UTC-6 (Central Standard Time)
 • Summer (DST) UTC-5 (Central Daylight Time)
Area code 999
Major Airport Merida (Manuel Crescencio Rejón) International Airport
IATA Code MID
ICAO Code MMMD
Website http://www.merida.gob.mx
Municipalities of Yucatán

Mérida Municipality is one of the 106 municipalities in the Mexican state of Yucatán containing (858.41 km2) of land with the head or seat being the city of Mérida. Because the archaeological remains of the Maya reminded the Spaniards of the ancient city of Mérida, Spain, which was marked by Roman archaeological sites, they renamed the site of T-hó after the Spanish city.[1]

History

[edit]

What now constitutes the head of the municipality of Mérida, was a pre-Hispanic Itza Mayan town called T-hó (Yucatec Maya language meaning "five hills"), which was founded around the 12th century AD.[1] By the time of the Spanish arrival, the city was virtually abandoned, though still used as a ceremonial center and its remnant buildings were of impressive monumental scale. Francisco de Montejo the Younger established the city of Mérida on the site on 6 January 1542.[3] In the first year of the conquest, Montejo ordered the establishment of 54 encomiendas in favor of his soldiers and confirmed the three principal municipalities to be Mérida, Valladolid, and San Francisco de Campeche.[4]

Overlapping jurisdictions occurred for the area at various times with the administration being under the Audiencia de Guatemala in 1549, but also the Viceroyalty of New Spain from 1549-1552. Then between 1552 and 1561 the area returned to the Audiencia de Guatemala and between 1561 and 1565 was again administered under the Viceroyalty of New Spain.[5] In 1617, Yucatán became a Captaincy General in its own stead.[6]

Yucatán declared its independence from the Spanish Crown in 1821[1] and in 1825, the area was distributed into 15 administrative partitions including Bacalar, Campeche, Hecelchakán, Hunucmá, Ichmul, Isla del Carmen, Izamal, Lerma, Mama, Mérida, Oxkutzcab, Seibaplaya, Sotuta, Tizimín and Valladolid. In 1840, Yucatán declared itself to be a free, independent nation[7] with its capital located in Mérida. The following year treaties were signed for the peninsula to rejoin Mexico, but by 1842, independence was again declared. In 1843, a new treaty of reinstatement was signed, but in 1845 the peninsula withdrew because Mexico had not complied with the terms of the 1843 agreement. Finally in 1846 the peninsula agreed to reintegrate into Mexico[8] but the outbreak of the Caste War, in 1847, an indigenous rebellion that took place throughout the Yucatán, delayed the full implementation until 1849.[9]

The Constitution of 1850, redrafted the administrative divisions and made headquarters for the 17 partitions at: Bacalar, Bolonchenticul, Campeche, Espita, Hequelchakan, Isla del Carmen, Izamal, Maxcanú, Mérida, Motul, Peto, Seibaplaya, Sotuta, Tekax, Ticul, Tizimin, and Valladolid.[10] In 1918, the modern municipality of Mérida was confirmed as the seat of the municipio and capital of the State.[1]

Governance

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The municipal president is elected for a three-year term. The town council has seventeen councilpersons, who serve as Secretary and councilors of Markets, Utilities and Public Safety; Administration; Social Development; Public Security; Entertainment; Urban Development and Ecology; Public Works; Youth And Sports; Women; Health and Disability; Economic Development; Tourism; Heritage; Education; and Culture.[11]

The Municipal Council administers the business of the municipality. It is responsible for budgeting and expenditures and producing all required reports for all branches of the municipal administration. Annually it determines educational standards for schools.[11]

The Police Commissioners ensure public order and safety. They are tasked with enforcing regulations, distributing materials and administering rulings of general compliance issued by the council.[11]

Geography

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The land throughout the municipality is virtually flat, without any areas of the elevation, and like much of the Yucatan Peninsula has no surface water streams. There are cenotes both underground and at the surface (collapsed caverns). The climate is semi-humid, with temperature range between a maximum of 40 °C and minimum 14 °C.[11]

Communities

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The head of the municipality is Mérida, Yucatán. There are 158 populated areas of the municipality.[11] The most notable include Caucel, Chablekal, Cholul, Chuburná de Hidalgo, Cosgaya, Dzityá, Dzununcán, Komchén, Molas, San José Tzal, Sierra Papacal and Sitpach.[1] Communities of 50 people or more (as of 2005)[12] are listed below, along with numerous smaller ones (not listed).

Communities of 50 people or more in the Mérida Municipality
Community Pop Community Pop Community Pop
Mérida 734,153 Leona Vicario 1,822 Seminario San Pablo 53
Caucel 6,655 Molas 1,859 Sierra Papacal 986
Chablekal 3,165 Noc Ac 437 Sitpach 1,502
Chalmuch 454 Oncán 606 Susulá 447
Cheumán 197 Opichén 327 Suytunchén 92
Cholul 5,161 Petac 183 Tahdzibichén 678
Cosgaya 584 Sac-Nicté 278 Tamanché 555
Dzibilchaltún 156 San Antonio Hool 135 Temozón Norte 270
Dzidzilché 153 San Antonio Tzacalá 618 Texán Cámara 483
Dzityá 1,496 San Diego Texán 81 Tixcacal 765
Dzoyaxché 412 San Ignacio Tesip 329 Tixcuytún 348
Dzununcán 1,528 San José Tzal 3,092 Xcanatún 1,350
Hunxectamán 104 San Pedro Chimay 1,012 Xcunyá 837
Kikteil 216 Santa Cruz Palomeque 718 Xmatkuil 357
Komchén 3,778 Santa María Chí 328 Yaxché Casares 50
La Ceiba 1,023 Santa María Yaxché 50 Yaxnic 703

Local festivals

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Every year on 6 January the founding of the city is acknowledged in a citywide festival. Also annually from 27 September to 14 October is a celebration in honor of Santo Cristo de las Ampollas.[1]

Tourist attractions

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References

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  1. ^ a b c d e f g "Municipios de Yucatán »Mérida" (in Spanish). Retrieved 30 July 2015.
  2. ^ "Mexico In Figures:Mérida, Yucatán". INEGI (in Spanish and English). Aguascalientes, México: Instituto Nacional de Estadística y Geografía (INEGI). Archived from the original on 6 May 2015. Retrieved 30 July 2015.
  3. ^ Barteet, C. Cody (2007). Colonial contradictions in the Casa de Montejo in Mérida, Yucatan Space, society, and self-representation at the edge of viceregal Mexico. Binghamton, New York: State University of New York. p. 62. ISBN 978-0-549-13267-7. Retrieved 31 July 2015.
  4. ^ Pinet Plasencia, Adela, ed. (1998). La Península de Yucatán en el Archivo General de la Nación (in Spanish) (1st ed.). San Cristóbal de las Casas, Chiapas: Universidad Nacional Autónoma de México. p. 95. ISBN 978-9-683-65757-2. Retrieved 31 July 2015.
  5. ^ "Estado de Yucatán. División Territorial de 1810 a 1995" (PDF). inegi (in Spanish). Aguascalientes, Mexico: Instituto Nacional de Estadística, Geografía e Informática. 1996. Archived from the original (PDF) on 23 December 2015. Retrieved 31 July 2015.
  6. ^ "New Spain AD 1535 - 1821". History Files UK. Kessler Associates. Retrieved 31 July 2015.
  7. ^ Estado de Yucatán. División Territorial de 1810 a 1995, p 69
  8. ^ Estado de Yucatán. División Territorial de 1810 a 1995, p 70
  9. ^ "Campeche". INAFED (in Spanish). Enciclopedia de Los Municipios y Delegaciones de México. Retrieved 31 July 2015.
  10. ^ Estado de Yucatán. División Territorial de 1810 a 1995, p 73
  11. ^ a b c d e "Mérida". inafed (in Spanish). Mérida, Mexico: Enciclopedia de Los Municipios y Delegaciones de México. Retrieved 31 July 2015.
  12. ^ Census Results by Locality, 2005 Archived 2011-07-22 at the Wayback Machine INEGI.

 

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