The city of Merida, on the Yucatan Peninsula in Mexico, is gaining a reputation as a hot spot for international investors. (For more information on investing in Mexico, see The Myth of Mexican Property Ownership.) With a culturally rich historic district just ten minutes away from the modern north side of the city, there is something for every investor’s palate.

In Merida, neighborhoods within and bordering on the historic district are gaining attention because of their low prices and colonial architecture.

“Merida’s historic downtown area, which is the second largest in the country after Mexico City’s, [has] several neighborhoods…where you would see a lot of old colonial properties with features like old high beam ceilings, original Spanish tile floors, pure rock construction, arches, long corridors, interior courtyards, backyards, etc.,” Gabriela Isaac, co-owner and founder of Real Estate Yucatan, said in an e-mail interview.

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