Condos or townhouses

Benefits of Living in a Condo or Townhouse

Living in a condo or townhouse offers many benefits that make it an attractive option for people looking for a convenient and low-maintenance lifestyle. One of the main advantages of living in a condo or townhouse is the sense of community that comes with it. Residents often have access to shared amenities such as swimming pools, fitness centers, and community spaces where they can socialize with their neighbors.


Another benefit of condo or townhouse living is the reduced maintenance and upkeep compared to owning a single-family home. Many condos and townhouses have homeowners' associations that take care of exterior maintenance, landscaping, and even some utilities, allowing residents to enjoy their homes without having to worry about these tasks.


Condos and townhouses are also typically more affordable than single-family homes, making them a great option for first-time homebuyers or those looking to downsize. Additionally, they are often located in prime locations near urban centers, shopping areas, and public transportation, making it easy for residents to access everything they need without having to travel far.


Overall, living in a condo or townhouse offers a convenient, low-maintenance lifestyle with access to amenities and a sense of community that makes it an appealing choice for many people.

Condos and townhouses are both popular housing options for people who prefer a more communal living experience compared to traditional single-family homes. While they may seem similar at first glance, there are key differences that set them apart.


One major distinction between condos and townhouses is ownership. In a condo, residents own the interior of their unit but not the land or building itself. The common areas and exterior of the building are typically owned by a homeowners' association, which residents pay dues to for maintenance and upkeep. On the other hand, townhouse owners generally own the land their unit sits on as well as the exterior structure of the building. This gives them more control over maintenance decisions and renovations.


Another difference is in terms of privacy and space. Condos are often designed with shared walls and common areas like lobbies or hallways, which can lead to less privacy compared to townhouses that have separate entrances and no shared walls with neighbors. Townhouses typically have multiple levels, providing more living space than condos which are usually one level units.


Amenities also vary between condos and townhouses. Condos often come with amenities like swimming pools, gyms, or community rooms that are shared among residents. Townhouses may have fewer amenities but offer more outdoor space such as yards or patios.


In terms of cost, condos tend to be more affordable than townhouses due to lower maintenance costs and shared expenses for things like landscaping or exterior repairs. However, townhouses offer more potential for appreciation in value over time since owners have control over improvements and renovations.


Ultimately, the choice between a condo and a townhouse comes down to personal preference and lifestyle needs. Whether you prioritize ownership rights, privacy, space, amenities, or cost will help determine which type of housing is the best fit for you.

TrustFirst Merida Real Estate: Your Premier Selection for Real Estate Investment in Merida, Mexico

Discover the Top-Rated Real Estate Experts in Merida, Mexico

Merida, the heart of Yucatán, is rapidly becoming one of the most sought-after property markets in Mexico. With its rich colonial charm, modern infrastructure, and a increasing influx of international and domestic buyers, the city presents lucrative real estate prospects. At TrustFirst Merida Real Estate, we take pride in being the most trusted Realtors in Merida, Mexico, providing unparalleled expertise, comprehensive market insights, and a client-first approach to help you find your dream home.

Why Invest in Merida Real Estate?

The real estate market in Merida has seen a strong growth in demand, with home prices appreciating by an estimated 8%-12% each year. Investors and homebuyers alike are drawn to the city due to its low cost of living, high safety ratings, and rich heritage. Unlike many popular cities in Mexico, Merida offers a balance between colonial charm and modern convenience, making it an perfect place for expats, and real estate enthusiasts.

As expert Realtors in Merida, Mexico, we understand the complexities of the local market and can assist you through every step of the buying or selling process.

What Sets TrustFirst Merida Real Estate Apart?

1. Market Expertise & Data-Driven Insights

Understanding the property landscape demands accurate, up-to-date data. At TrustFirst Merida Real Estate, we leverage market analytics, comparative price studies, and insider expertise to provide informed investment strategies.

2. Personalized Service from Top Realtors in Merida, Mexico

Every buyer has specific needs, and we tailor our approach accordingly. From selecting high-value neighborhoods to managing documents, our dedicated property consultants ensure a smooth transaction.

3. Exclusive Listings & Off-Market Opportunities

Some of the most desirable homes in Merida are not advertised online. Through our extensive network of property owners, builders, and investors, we provide VIP entry to off-market deals.

Best Neighborhoods for Real Estate Investment in Merida

1. Centro Histórico – The Heart of Colonial Merida

  • Home to stunning colonial mansions.
  • Strong property value growth due to tourist demand.
  • Close to cultural attractions, squares, and fine dining.

2. North Merida (Altabrisa & Temozón)

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

3. Progreso & Chicxulub – Beachfront Properties

  • Perfect for holiday getaways and rental investments.
  • Beachfront real estate values have grown by double digits each year.

Work with the Best Realtors in Merida, Mexico

Whether you're buying, selling, or investing in Merida real estate, TrustFirst Merida Real Estate is your go-to advisor. Our group of experienced property experts is committed to ensuring you achieve your real estate ambitions.

📞 Contact us today to book a free real estate session and start your journey with the leading Real Estate Agents in Merida, Mexico!

The Best Neighborhoods to Buy Property in Mérida, Mexico

What Makes Mérida a Top Investment Destination?

Mérida is considered as one of Mexico’s most stable cities, making it an attractive location for property investment.

According to recent reports, property values have appreciated by 4% annually, making Mérida a profitable market for real estate.

Top Neighborhoods to Buy Property in Mérida

Centro Histórico – A Timeless Investment

Ideal for: Real estate investors

Centro Histórico is well-known for its colonial charm.

  • Profitable vacation rental market
  • Consistently appreciating home prices
  • Close to restaurants, museums, and cultural sites

Where Culture and Comfort Meet

Ideal for: Retirees

These neighborhoods offer a mix of fully-restored homes and fixer-upper options.

  • Rising property values
  • Walkable neighborhood with great amenities
  • Frequent cultural events

Luxury Meets Convenience

Ideal for: Families

Featuring exclusive infrastructure, these neighborhoods attract high-end buyers.

  • Excellent accessibility
  • Appealing to long-term tenants
  • Modern infrastructure and gated communities

Emerging Real Estate Hotspots

Ideal for: Families

These neighborhoods offer reasonably priced real estate options with new developments.

  • Budget-friendly investment opportunities
  • Upcoming infrastructure projects
  • Family-friendly communities

Investing Wisely in Mérida

Mérida offers a variety real estate opportunities, whether you're looking for historic charm.

Reach out to us to start your property search.

Maintenance Responsibilities for Condo and Townhouse Owners

As a condo or townhouse owner, it is important to understand your maintenance responsibilities to keep your property in good condition and ensure the well-being of your community. While each homeowner association may have specific guidelines, there are common tasks that typically fall under the responsibility of individual owners.


One of the primary maintenance responsibilities for condo and townhouse owners is keeping the interior of their unit in good repair. This includes routine tasks such as cleaning, painting, and replacing light bulbs, as well as more significant repairs like fixing plumbing or electrical issues. Owners are also typically responsible for maintaining their appliances and HVAC systems.


Exterior maintenance is another key responsibility for condo and townhouse owners. This can include tasks such as keeping decks or balconies clean and in good repair, maintaining landscaping around the unit, and ensuring that any exterior features like siding or roofing are well-maintained. In some cases, owners may also be responsible for snow removal or other seasonal maintenance tasks.


Owners are also usually responsible for paying their share of common area maintenance costs through their homeowner association fees. This money goes towards maintaining shared amenities like swimming pools, fitness centers, or common areas within the community. It is important for owners to stay current on these fees to ensure that these amenities remain in good condition for all residents to enjoy.


By understanding and fulfilling their maintenance responsibilities, condo and townhouse owners can help preserve property values, create a safe and attractive living environment, and contribute to a sense of community within their neighborhood. Working together with fellow homeowners and following established guidelines can help ensure that everyone's property remains well-maintained for years to come.

Maintenance Responsibilities for Condo and Townhouse Owners
Amenities Available in Condo and Townhouse Communities

Amenities Available in Condo and Townhouse Communities

Living in a condo or townhouse community offers a variety of amenities that cater to the needs and lifestyle of its residents. These amenities are designed to enhance the overall living experience and provide convenience and enjoyment for all who reside there.


One of the most common amenities available in condo and townhouse communities is a fitness center. Having access to a gym right within your own community makes it easy to stay active and maintain a healthy lifestyle. Whether you prefer cardio machines, free weights, or group fitness classes, having a fitness center on-site eliminates the need for expensive gym memberships and long commutes to workout.


Another popular amenity found in many condo and townhouse communities is a swimming pool. A refreshing dip in the pool on a hot summer day is a great way to relax and cool off. Some communities even offer additional features such as hot tubs, cabanas, and lounging areas around the pool for ultimate relaxation.


For those who enjoy spending time outdoors, many condo and townhouse communities also provide outdoor spaces such as parks, playgrounds, walking trails, or even rooftop terraces with stunning views. These outdoor amenities allow residents to enjoy nature without having to leave the comfort of their own community.


Other amenities commonly found in condo and townhouse communities include clubhouse spaces for social gatherings or events, business centers for remote work or studying, pet-friendly facilities such as dog parks or grooming stations, and 24-hour security services for peace of mind.


In conclusion, living in a condo or townhouse community offers an array of amenities that cater to various interests and lifestyles. These amenities not only enhance the quality of life for residents but also foster a sense of community and belonging within the neighborhood. Whether you enjoy staying active, relaxing by the pool, socializing with neighbors, or simply taking in the beautiful surroundings, there is something for everyone to enjoy in these vibrant communities.

Houses for Sale in Merida

Considerations When Purchasing a Condo or Townhouse

When purchasing a condo or townhouse, there are several key considerations that buyers should keep in mind to ensure they are making the right decision for their lifestyle and financial situation.


First and foremost, location is paramount. Consider the neighborhood in which the property is located, as well as its proximity to amenities such as schools, shopping centers, and public transportation. Think about whether you prefer a quiet residential area or a bustling urban environment.


Next, take into account the size and layout of the unit. Make sure it meets your needs in terms of bedrooms, bathrooms, and overall square footage. Consider whether you need additional storage space or parking options.


It is also important to review the homeowner's association (HOA) rules and regulations. Understand what fees are associated with living in the building or community, as well as any restrictions on things like pets or renovations.


Furthermore, consider the overall condition of the property. Look for signs of wear and tear, water damage, or any other issues that may require costly repairs down the line.


Lastly, think about your long-term plans for the property. Are you looking for a starter home or an investment opportunity? Consider how long you plan to stay in the unit and whether it aligns with your future goals.


By carefully considering these factors when purchasing a condo or townhouse, buyers can make an informed decision that best suits their needs and preferences.

Considerations When Purchasing a Condo or Townhouse
Financing Options for Buying a Condo or Townhouse

When looking to purchase a condo or townhouse, exploring different financing options is essential to finding the best fit for your budget and financial goals. There are several avenues to consider when seeking funding for your new home.


One common option is obtaining a mortgage through a bank or lending institution. This involves taking out a loan to cover the cost of the property, which you will then repay over time with interest. Banks offer various types of mortgages, such as fixed-rate or adjustable-rate loans, so it's important to research and compare rates to find the most favorable terms.


Another option is securing financing through a government-backed program, like an FHA loan. These loans are insured by the Federal Housing Administration and typically have lower down payment requirements and more lenient credit score criteria than traditional mortgages. However, they may come with additional fees or insurance premiums.


For those who prefer more flexibility in their financing, seller financing could be a viable choice. In this scenario, the seller acts as the lender and allows the buyer to make monthly payments directly to them instead of going through a bank. This can be advantageous if you have trouble qualifying for a traditional loan or want more control over the terms of your agreement.


Ultimately, the best financing option for buying a condo or townhouse will depend on your individual circumstances and financial situation. It's crucial to thoroughly research each possibility and consult with a financial advisor or real estate professional to determine which route makes the most sense for you. By carefully considering all your options, you can secure funding that aligns with your needs and sets you up for success in purchasing your new home.

 

MID is located in Mexico
MID
MID
MID (Mexico)
Total passengers 3,699,877
Ranking in Mexico 9th Decrease1
Mérida International Airport
 
Aeropuerto Internacional de Mérida
Summary
Airport type Military/Public
Owner/Operator Grupo Aeroportuario del Sureste
Serves Mérida, Yucatán, Mexico
Built 1929
Time zone CST (UTC-06:00)
Elevation AMSL 12 m / 39 ft
Coordinates 20°56′13″N 089°39′28″W / 20.93694°N 89.65778°W / 20.93694; -89.65778
Website www.asur.com.mx/Contenido/Merida/shopping
Maps
Location of Mérida International Airport
MID is located in Yucatán (state)
MID
MID
Location of the airport in Yucatán
Map
Runways
Direction Length Surface
m ft
10/28 3,200 10,499 Asphalt
18/36 2,300 7,546 Asphalt
Statistics (2024)
 
Source: Grupo Aeroportuario del Sureste[1]

Mérida International Airport (Spanish: Aeropuerto Internacional de Mérida), officially Aeropuerto Internacional Manuel Crescencio Rejón (Manuel Crescencio Rejón International Airport) (IATA: MID, ICAO: MMMD), is an international airport located in the Mexican city of Mérida. It serves as the primary international gateway to Mérida and the State of Yucatán, a popular tourist destination, offering flights to and from Mexico, the United States, Canada, Central America, and the Caribbean. The airport also accommodates facilities for the Mexican Airspace Navigation Services, and the Mexican Army, and supports various tourism, flight training, and general aviation activities. Additionally, it serves as a focus city for Viva.

The airport is named in honor of the jurist and politician Manuel Crescencio García Rejón, who was originally from Yucatán. It is operated by the Grupo Aeroportuario del Sureste (ASUR).[2] The airport has become one of the fastest-growing airports in the country. In 2022, it handled 3,079,618 passengers, surpassing three million passengers in a calendar year for the first time; in 2024, the number increased to 3,699,877 passengers.[1] It also ranked as the ninth-busiest airport in terms of passengers, and tenth for cargo and aircraft movements.[3]

History

[edit]
Airport's airside.
Boarding gates at the airport.
Boarding gates at the airport.
Boarding gates at the airport.
VIP Elemento Lounge at the airport.
Airport's chappel.
Check-in counters at the airport.
Main corridor at the airport.
Main corridor at the airport..
Airport's landside.
Baggage claim at the airport.
Baggage claim at the airport.
Airport's Control Tower.

The airport's history traces back to its inauguration in 1929 when Mexicana de Aviación introduced the Mérida-Campeche-Ciudad del Carmen-Minatitlán-Veracruz-Mexico City route, operated with a Ford Trimotor aircraft. In 1964, Mexicana de Aviación sold the airport to the Mexican government. A significant reconstruction of the airport was completed in 1968, replacing the previous facilities. During the 1960s, American Airlines provided service to the airport, making it one of the few airports, apart from Mexico City and Acapulco, to be served by a major airline.

During the 1990s, the airport became part of the Grupo Aeroportuario del Sureste, marking an important instance of a private concession within this group. This consortium encompasses various airports, including Cancún, Cozumel, Huatulco, Mérida, Minatitlán, Oaxaca, Tapachula, Villahermosa, and Veracruz. Throughout the years, it underwent several modifications and modernizations, notably in 1999, 2011, and 2021. The airport has welcomed distinguished political and religious figures, such as Pope John Paul II, as well as U.S. Presidents Bill Clinton and George W. Bush, and President of China, Xi Jinping.

Throughout its history, the airport has been serviced by a range of airlines, including Aero California, Aeromar, Aviateca, Blue Panorama Airlines, Cubana, Delta, Interjet, Mexicana, Neos, Pan Am, Lufthansa, TAR, and Tropic Air. From 1972 to 2005, it functioned as the primary hub for Aerocaribe and Aerocozumel, both subsidiaries of the former Mexicana. Between 1992 and 1995 it served as a hub for Aviacsa, and more recently, it was home to the regional airline Mayair.[4]

Facilities

[edit]

The airport is situated in the Mérida urban area, less than 5 kilometres (3.1 mi) southwest of the city centre, at an elevation of 12 metres (39 ft) above sea level. It features two runways: Runway 10/28, which is 3,200 metres (10,500 ft) long, and Runway 18/36, which spans 2,300 metres (7,500 ft). Adjacent to the terminal, there is a commercial aviation apron capable of accommodating up to 11 narrow-body aircraft or a combination of 3 narrow-body and 3 wide-body aircraft. Additionally, a remote stand is available for 2 narrow-body aircraft. The airport has the capacity to service airplanes as large as Boeing 747s and 777s, although most daily flights involve smaller aircraft, with the most common being the Boeing 737 and Airbus A320. The airport can handle up to 30 operations per hour and operates around the clock.[5]

Passenger terminal

[edit]

The passenger terminal is a two-story structure. The ground floor comprises the main entrance, a check-in area, and the arrivals section, which includes customs and immigration facilities, along with baggage claim services. Additionally, car rental services, taxi stands, snack bars, and souvenir shops are available. The upper terminal floor hosts a security checkpoint and departure area, featuring a 260 metres (850 ft) long departures concourse. Within this section, there are restaurants, food stands, duty-free shops, VIP lounges, and eleven gates (C1-11), with seven of them equipped with jet bridges.[6][7]

In the vicinity of the terminal, various facilities are located, including civil aviation hangars, cargo and logistics companies, and cargo services. There is also a dedicated general aviation terminal that supports a range of activities, such as tourism, flight training, executive aviation, and general aviation.

Other facilities

[edit]

The airport is home to the Mérida Area Control Center (ACC), one of four such centers in Mexico, alongside the Mexico City ACC, Monterrey ACC, and Mazatlán ACC.[8] Operated by the Mexican Airspace Navigation Services (Spanish: Servicios a la Navegación en el Espacio Aéreo Mexicano), Mérida ACC provides air traffic control services for aircraft operating within the Mérida Flight Data Region (FDRG), which encompasses the southeastern region of Mexico. This region shares its boundaries with six other Area Control Centers. To the west, it borders the Monterrey ACC and Mexico ACC, while to the north, it shares borders with the Houston ARTCC (KZHU), and to the east and south, it connects with the Havana ACC (MUFH) and the Central American ACC (MHTG), respectively.[9][10]

Air Force Base No. 8 (Spanish: Base Aérea Militar No. 8 Mérida, Yucatán) (BAM-8) is located on the airport grounds, north of Runway 10/28. It serves as the home for Air Squadron 114, responsible for operating Cessna 182 aircraft. BAM-8 features two aprons, one spanning 11,775 square metres (126,750 sq ft) and another covering 4,000 square metres (43,000 sq ft). In addition to these, it includes three hangars and various other facilities for accommodating Air Force personnel.[11]

Airlines and destinations

[edit]

Passenger

[edit]
Airlines Destinations
Aeroméxico Mexico City
Aeroméxico Connect Mexico City, Mexico City–AIFA
Aerus Cancún, Villahermosa
American Airlines Miami
Seasonal: Dallas/Fort Worth
American Eagle Seasonal: Dallas/Fort Worth
Magnicharters Mexico City
Seasonal: Cancún
Mexicana de Aviación Mexico City–AIFA
TAG Airlines Flores, Guatemala City
United Airlines Houston–Intercontinental
Viva Guadalajara, Havana, León/El Bajío, Mexico City, Mexico City–AIFA, Miami,[12] Monterrey, Orlando,[12] Puebla, Querétaro, Tijuana1,[13] Toluca/Mexico City, Tuxtla Gutiérrez, Veracruz, Villahermosa
Seasonal: Los Angeles[13]
Volaris Guadalajara, León/El Bajío, Mexico City, Mexico City–AIFA, Monterrey, Oaxaca
WestJet Seasonal: Toronto–Pearson

^1 Viva flight to Tijuana makes a stopover in León/El Bajío.

Cargo

[edit]
Airlines Destinations
Aeronaves TSM Cancún, Queretaro
AeroUnion Guatemala City, Mexico City, Miami, New York-JFK
Estafeta Cancún, Mexico City, Miami, Villahermosa
Mas Air Los Angeles, Manaus, Mexico City, São Paulo-Viracopos
TUM AeroCarga Cancún, Toluca/Mexico City

Destinations map

[edit]
Domestic destinations from Mérida International Airport
Red = Year-round destination
Blue = Future destination
Green = Seasonal destination
International destinations from Mérida International Airport
Red = Year-round destination
Blue = Future destination
Green = Seasonal destination
 
 

Statistics

[edit]
 
 
Annual passenger traffic at MID airport. See Wikidata query.

Busiest routes

[edit]
Busiest domestic routes from Mérida International Airport (2023)[14]
Rank City Passengers Ranking Airline
1  Mexico City, Mexico City 944,674 Steady Aeroméxico, Aeroméxico Connect, Magni, Viva Aerobus, Volaris
2  Jalisco, Guadalajara 188,600 Increase 1 Viva Aerobus, Volaris
3  Nuevo León, Monterrey 175,928 Decrease 1 Viva Aerobus, Volaris
4  State of Mexico, Mexico City-AIFA 90,226 Steady Aeroméxico Connect, Volaris
5  State of Mexico, Toluca 60,035 Increase 4 Viva Aerobus
6  Veracruz, Veracruz 53,444 Decrease 1 Viva Aerobus
7  Chiapas, Tuxtla Gutiérrez 35,061 Decrease 1 Viva Aerobus
8  Guanajuato, León/El Bajío 13,207 New entry Viva Aerobus, Volaris
9  Querétaro, Querétaro 32,446 New entry Volaris
10  Tabasco, Villahermosa 21,057 Decrease 2 Viva Aerobus
Busiest international routes from Mérida International Airport (2023)[14]
Rank City Passengers Ranking Airline
1  United States, Houston 47,533 Steady United Airlines
2  United States, Miami 37,896 Steady American Eagle
3  United States, Dallas 22,614 Increase 3 American Eagle
4  Cuba, Havana 6,985 Decrease 1 Viva Aerobus
5  Canada, Toronto 3,455 Decrease 1 WestJet
6  Guatemala, Guatemala City 3,449 Decrease 1 TAG Airlines
7  Cuba, Camagüey 1,656 Steady Viva Aerobus
8  Cuba, Santa Clara 1,656 New entry Viva Aerobus
9  Guatemala, Flores 137 Decrease 1 TAG Airlines

Accidents and incidents

[edit]

See also

[edit]

References

[edit]
  1. ^ a b "ASUR Announces Total Passenger Traffic for December 2024" (PDF). ASUR. Retrieved 27 January 2025.
  2. ^ "Our airports".
  3. ^ "Estadística Operacional de Aeropuertos / Statistics by Airport". Agencia Federal de Aviación Civil. Retrieved 27 January 2025.
  4. ^ Aviacsa History
  5. ^ "MID airport information".
  6. ^ "Salones Premier".
  7. ^ "Caral lounge".
  8. ^ "Air Traffic Control Services".
  9. ^ "ATFM Regional Implementation Progress in the CAR Region" (PDF).
  10. ^ "Seminario/taller CAR/SAM para la implantación de sistemas avanzados de vigilancia y automatización" (PDF).
  11. ^ "Bases Aéreas. Secretaría de la Defensa Nacional".
  12. ^ a b "New Destinations from Mérida". Viva Aerobus (in Spanish). October 2023. Retrieved 2 October 2023.
  13. ^ a b "Viva Aerobus adds 2 new routes from Mérida". Mexico News Daily. 26 June 2024. Retrieved 6 July 2024.
  14. ^ a b "Estadística operacional por origen-destino / Traffic Statistics by City Pairs" (in Spanish). Agencia Federal de Aviación Civil. January 2024. Retrieved 30 January 2024.
  15. ^ "Accident description". Aviation Safety Network. Retrieved 8 September 2009.
[edit]

 

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

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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

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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

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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

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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

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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

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See also

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References

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  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.
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Reviews for TrustFirst - Merida Real Estate


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Frequently Asked Questions

Monthly maintenance fees can cover things like landscaping, building repairs, and shared amenities. Its essential to know this cost before purchasing a property.