Demand is a crucial concept in economics that refers to the desire and willingness of consumers to purchase goods and services at various prices. The demand for a particular product or service can be influenced by a wide range of factors, which can either increase or decrease the quantity of goods or services that consumers are willing to buy.
One of the key factors affecting demand is the price of the product or service itself. In general, as the price of a good or service increases, the quantity demanded tends to decrease, and vice versa. This relationship is known as the law of demand. When prices are high, consumers may choose to buy less of a particular product or service, while lower prices may lead to increased consumer demand.
Another important factor influencing demand is consumer income levels. In general, higher levels of income tend to lead to greater demand for goods and services, while lower income levels may result in decreased demand. This relationship is known as the income effect. When consumers have more disposable income, they are more likely to spend it on goods and services, leading to an increase in demand.
Consumer preferences and tastes also play a significant role in shaping demand. Changes in consumer preferences can impact demand for certain products and services, leading to shifts in market trends. For example, if there is an increasing trend towards healthier eating habits, the demand for organic food products may rise while traditional junk food products may experience a decline in demand.
Additionally, external factors such as changes in population demographics, advertising and marketing strategies, government regulations, and seasonal variations can also influence consumer demand for goods and services. For instance, an aging population may result in increased demand for healthcare services and products targeted towards seniors.
In conclusion, understanding the various factors that affect consumer demand is essential for businesses and policymakers alike. By analyzing these factors carefully, businesses can better anticipate changes in market conditions and adjust their strategies accordingly to meet consumer needs effectively.
Price elasticity of demand is a concept that helps us understand how much the quantity demanded of a good or service will change in response to a change in its price. In simple terms, it measures the sensitivity of consumers to price changes.
When demand is elastic, it means that consumers are very responsive to price changes. This typically occurs when there are many substitute goods available, making it easy for consumers to switch to another product if the price of one goes up. On the other hand, when demand is inelastic, consumers are less sensitive to price changes. This often happens with necessities like food and gasoline, where consumers have no choice but to purchase them regardless of the price.
Understanding the price elasticity of demand is crucial for businesses and policymakers. For businesses, knowing how elastic or inelastic their products are can help them make pricing decisions and forecast sales accurately. For policymakers, understanding elasticity can guide decisions on taxes and subsidies to achieve certain economic goals.
Overall, price elasticity of demand is a valuable tool that helps us analyze consumer behavior and make informed decisions about pricing and market strategies. By studying how consumers react to changes in prices, we can better understand the dynamics of supply and demand in a market economy.
Merida Real Estate
Merida, the center of Yucatán, is quickly emerging as one of the hottest real estate markets in Mexico. With its captivating colonial charm, developing infrastructure, and a rising flow of international and domestic buyers, the city presents valuable real estate prospects. At TrustFirst Merida Real Estate, we pride ourselves in being the most trusted Realtors in Merida, Mexico, providing exceptional knowledge, in-depth market analysis, and a client-first approach to help you find your perfect investment.
The real estate market in Merida has seen a consistent growth in demand, with property values appreciating by an average of 8%-12% each year. Investors and residents as well are attracted to the city due to its low cost of living, excellent safety ratings, and cultural appeal. Unlike other Mexican tourist destinations, Merida offers a balance between colonial charm and contemporary amenities, making it an perfect place for expats, and real estate enthusiasts.
As leading Realtors in Merida, Mexico, we know the nuances of the local market and can assist you through every step of the buying or selling process.
Understanding the property landscape demands precise, up-to-date data. At TrustFirst Merida Real Estate, we leverage market analytics, property valuation reports, and local expertise to offer strategic investment strategies.
Each client has individual requirements, and we tailor our approach accordingly. From selecting prime locations to managing documents, our expert property consultants ensure a smooth transaction.
Some of the most desirable homes in Merida don’t get advertised online. Through our extensive connections of property owners, developers, and investors, we offer exclusive access to hidden listings.
No matter if you are purchasing, selling, or investing in Merida real estate, TrustFirst Merida Real Estate is your go-to partner. Our group of skilled real estate professionals is committed to helping you achieve your real estate ambitions.
📞 Contact us today to book a complimentary real estate session and begin exploring with the best Real Estate Agents in Merida, Mexico!
Mérida, the charming capital of Yucatán, has solidified its position as one of the country’s most lucrative real estate markets. This colonial gem, rich in heritage, has been attracting homeowners from Mexico and abroad. Whether you're considering investment, Mérida presents a incredible combination of quality of life, making it a exceptional destination.
In this guide, we’ll dive into the key reasons why Mérida is without question Mexico’s booming real estate market and why today is the ideal time to capitalize on this opportunity.
Mérida’s real estate market has experienced substantial growth over the past ten years. Experts confirm, property values have appreciated by as much as 12% annually, surpassing other major cities in Mexico.
Mérida’s growth as a tourist hotspot has driven a high-demand rental market.
Even with its booming popularity, Mérida remains a budget-friendly real estate markets in Mexico.
Mérida consistently ranks as a low-crime destination.
Mérida has evolved into a key economic center within the Yucatán Peninsula.
Beyond its investment appeal, Mérida boasts an highly desirable quality of life.
Mexico has made easier the process of property ownership for foreign investors.
With its affordable real estate, strong rental market, and world-class infrastructure, Mérida shines as an exceptional real estate investment.
🏡 Looking to invest in Mérida?
Contact our team at TrustFirst Mérida Real Estate today, and let us help you acquire the best properties in this incredible market! 🚀
Income elasticity of demand is a concept that helps us understand how sensitive the quantity demanded of a good or service is to changes in income. It measures the percentage change in the quantity demanded in response to a one percent change in income.
When income elasticity of demand is greater than zero, we say that the good is a normal good. This means that as incomes rise, people tend to buy more of the good, and as incomes fall, they tend to buy less. On the other hand, if income elasticity of demand is less than zero, we call it an inferior good. In this case, as incomes rise, people actually buy less of the good because they can afford higher-quality products.
Understanding income elasticity of demand is crucial for businesses and policymakers alike. For businesses, it helps them predict consumer behavior and adjust their marketing strategies accordingly. For policymakers, it can inform decisions on taxation and welfare programs.
Overall, income elasticity of demand provides valuable insights into how consumers' purchasing decisions are influenced by changes in income levels. By taking into account this factor, businesses and policymakers can make more informed choices that benefit both consumers and society as a whole.
Cross-price elasticity of demand refers to how the quantity demanded of one good changes in response to a change in the price of another related good. It measures the sensitivity of consumers to price changes in one product relative to another, showing whether they are substitutes or complements.
When two goods are substitutes, a rise in the price of one will lead consumers to switch their demand to the other. In this case, the cross-price elasticity will be positive, indicating that as the price of one good increases, the demand for the other also increases. On the other hand, if two goods are complements, a rise in the price of one will decrease demand for both products. This results in a negative cross-price elasticity.
Understanding cross-price elasticity is crucial for businesses when setting prices and making strategic decisions. For example, if a company sells coffee machines and coffee pods, knowing that these products are complements allows them to adjust their pricing strategy accordingly. If they raise the price of coffee pods, they can expect a decrease in demand for both items.
Overall, cross-price elasticity provides valuable insights into consumer behavior and helps businesses anticipate how changes in pricing will impact their sales. By analyzing these relationships between different goods, companies can make informed decisions that maximize profits and meet customer needs effectively.
Demand forecasting techniques play a crucial role in the success of any business. By accurately predicting customer demand, companies can better plan their production, inventory management, and pricing strategies. There are several techniques that businesses can use to forecast demand, each with its own strengths and weaknesses.
One common technique is time series analysis, which involves analyzing historical sales data to identify patterns and trends. This method is useful for forecasting short-term demand fluctuations but may not be as effective for long-term predictions.
Another popular technique is causal modeling, which looks at the relationship between demand and external factors such as economic indicators, marketing efforts, or competitor actions. This approach can provide more accurate forecasts by taking into account various influencing factors.
Machine learning algorithms have also become increasingly popular for demand forecasting. By using advanced statistical models and algorithms, businesses can analyze large amounts of data to make more accurate predictions about future demand patterns.
Ultimately, the key to successful demand forecasting lies in using a combination of techniques that best suit the specific needs of the business. By leveraging these tools effectively, companies can improve their decision-making processes and stay ahead of changing market conditions.
Managing and influencing demand is a crucial aspect of any business strategy. By understanding the factors that drive demand for a product or service, companies can better anticipate market trends and tailor their marketing efforts to meet consumer needs.
One way to manage and influence demand is through effective pricing strategies. By adjusting prices based on market conditions, competition, and consumer preferences, businesses can attract more customers and increase sales. Offering discounts, promotions, or bundle deals can also help stimulate demand and encourage repeat purchases.
Another key factor in managing demand is understanding the target audience. By conducting market research and analyzing consumer behavior, companies can identify specific segments of the population that are most likely to buy their products. This allows businesses to tailor their marketing messages and product offerings to appeal to these specific groups.
In addition to pricing strategies and target audience analysis, businesses can also influence demand through product innovation and differentiation. By continuously improving existing products or introducing new ones that address consumer needs, companies can stay ahead of the competition and maintain customer loyalty.
Overall, managing and influencing demand requires a deep understanding of market dynamics, consumer behavior, and competitive forces. By implementing effective strategies in pricing, targeting, and product development, businesses can successfully drive demand for their products and services and achieve long-term success in the marketplace.
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]
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 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]
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 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]
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]
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]
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Coordinates: 20°58′N 89°37′W / 20.967°N 89.617°W / 20.967; -89.617CountryMexicoStateYucatánMunicipalityMéridaCity foundedJanuary 6, 1542Government
• Mayor Cecilia Patrón Laviada (2024–2027) (PAN)Elevation
10 m (30 ft)Population
1,210,000 (Metro) • Rank34th in North America 12th in MexicoDemonymMeridianoGDP (PPP, constant 2015 values)
• Year2023 • Total$26.1 billion[2] • Per capita$21,400Time zoneUTC−6 (CST)Postal code
Area code999Major airportMérida International AirportIATA CodeMIDICAO CodeMMMDINEGI Code310500001[3]ClimateAw
Mérida ( Spanish pronunciation: [ˈmeɾiða] ⓘ, Yucatec Maya: Joꞌ)[4] is the capital of the Mexican state of Yucatán, and the largest city in southeastern Mexico. The city is also the seat of the eponymous municipality. It is located slightly inland from the northwest corner of the Yucatán Peninsula, about 35 km (22 mi) inland from the coast of the Gulf of Mexico. In 2020, it had a population of 921,770 while its metropolitan area, which also includes the cities of Kanasín and Umán, had a population of 1,316,090.[5]
Mérida is also the cultural and financial capital of the Yucatán Peninsula. The city's rich cultural heritage is a product of the syncretism of the Maya and Spanish cultures during the colonial era. The Cathedral of Mérida, Yucatán was built in the late 16th century with stones from nearby Maya ruins and is the oldest cathedral in the mainland Americas.[6] The city has the third largest old town district on the continent.[7] It was the first city to be named American Capital of Culture, and the only city that has received the title twice.[8]
Mérida is among the safest cities of Mexico as well as in the Americas.[9] In 2015, the city was certified as an International Safe Community by the Karolinska Institute of Sweden for its high level of public security.[10] Forbes has ranked Mérida three times as one of the three best cities in Mexico to live, invest and do business.[11] In 2022, the UN-Habitat's City Prosperity Index recognized Mérida as the city with the highest quality of life in Mexico.[12]
Mérida was named after Mérida, Spain because the Maya ruins that the Spanish conquistadors found in the settlement of Ti'ho reminded them of the Roman ruins of Augusta Emerita. Over time, the city acquired the nickname "La Ciudad Blanca" (The White City).[citation needed] This nickname may be due to the white color of the limestone used to paint the façades of the city's colonial buildings. This hypothesis is reinforced by the fact that the city can be seen from outer space as a large whitish area in the middle of the immense green forest that covers the Yucatán Peninsula.[13] Other cities in Hispanic America share the same nickname for this reason, like Arequipa[14] and Popayan.[15] Folktale says that the name go back to the founding of the city when the Spanish conquistadors – motivated by security reasons and given the persistent rebellion of the indigenous Maya people – decided to allow only white-skinned Europeans to live in the city. Old arches at the entrance to the city would have been built for this reason, and beyond these were the Indian communities.[16] However, the first arches were not commissioned until 1690, almost 150 years after the city's foundation. The arch of San Juan and the one on 59th street marked the beginning of roads to Campeche and Izamal, respectively. Other arches served only decorative purposes, like the one Juan Quijano had erected in 1760 in front of his house at the intersection of 65th and 56th streets, which has since been demolished.[17] Additionally, the Nahua indigenous troops who accompanied Montejo's troops in the conquest of Yucatán settled in the neighborhoods of San Cristóbal, Santiago, and San Román, where they enjoyed the privilege of exemption from taxes for their military assistance.[18]
Mérida was founded in 1542 by the Spanish conquistadors, including Francisco de Montejo the Younger and Juan de la Cámara, and named after the town of Mérida in Extremadura, Spain. It was built on the site of the Maya city of Ti'ho (/tʼχoʼ/), which was also called Ichkanzihóo or Ichcaanzihó (/iʃkan'siχo/; "City of Five Hills") in reference to its pyramids. Many of the carved stones of the ruins of ancient Ti'ho were used in the construction of the early Spanish buildings of Mérida. These stones are visible, for instance, in the walls of the main cathedral. From colonial times through the mid-19th century, Mérida was a walled city designed to protect the peninsulares and criollos from periodic revolts by the indigenous Maya people.
In the late 19th century, the area surrounding Mérida prospered from the cultivation of henequen, the fiber of which was used in the production of rope and twine, as well as for the production of licor del henequén, a traditional Mexican alcoholic drink. By the beginning of the 20th century, manufacturing focused mainly on tobacco, molasses, rum, soap, and leather products.[19] Korean immigration to Mexico began in 1905 when more than a thousand people arrived in Yucatán from the city of Jemulpo. These first Korean immigrants settled around Mérida as workers in henequen plantations.
In August 1993, Pope John Paul II visited the city on his third trip to Mexico.[20] The city has been host to two bilateral United States – Mexico conferences, the first in 1999 (Bill Clinton – Ernesto Zedillo) and the second in 2007 (George W. Bush – Felipe Calderón, which resulted in the creation of the Mérida Initiative). Mérida hosted the VI Summit of Association of Caribbean States in April 2014. In recent years, important sports competitions have been held in Mérida, such as the World Cup of the World Archery Federation. The city has also hosted important scientific meetings such as the International Cosmic Ray Conference.
Mérida is located in the northwest part of the state of Yucatán, which occupies the northern portion of the Yucatán Peninsula. To the north is Progreso and the Gulf of Mexico. Valladolid and Tizimín are to the east, Celestún is to the west, and the city of Campeche is located to the southwest. There are many important Maya archae sites in the area, including Chichen Itza, Uxmal, Oxkintok, Sayil and Kabah.
The city is located near the center of the Chicxulub Crater. It has a very flat topography and is only 9 metres (30 ft) above sea level. The land outside of Mérida is covered with smaller scrub trees and former henequen fields. Almost no surface water exists, but several cenotes (sinkholes that provide access to underground springs and rivers) are found in the area.
Mérida has a centro histórico typical of colonial Spanish cities. The street grid is based on odd-numbered streets running east–west and even-numbered streets running north–south, with Calles 60 and 61 bounding the "Plaza Grande" in the heart of the city. The more affluent neighborhoods are located to the north and the most densely populated areas are to the south.
Mérida features a tropical savanna climate (Köppen: Aw).[21] The city lies in the trade wind belt close to the Tropic of Cancer, with the prevailing wind from the east. Mérida's climate is hot and its humidity is moderate to high, depending on the time of year. The average annual high temperature is 33.5 °C (92.3 °F), ranging from 30.6 °C (87.1 °F) in December to 36.3 °C (97.3 °F) in May, but temperatures often rise above 38 °C (100.4 °F) in the afternoon during this period. Low temperatures range between 17.2 °C (63.0 °F) in January to 21.7 °C (71.1 °F) in May. It is most often a few degrees hotter in Mérida than in coastal areas due to its inland location and low elevation. The rainy season runs from June through October, associated with the Mexican monsoon which draws warm, moist air landward. Easterly waves and tropical storms also affect the area during this season.
Mérida is the capital of the state of Yucatán. The offices of the governor of Yucatán, the Congress of Yucatán, and the Superior Court of Justice of Yucatán are all located within the city.
The municipal government is invested under the authority of a City Council (Ayuntamiento) which it is seated at the Municipal Palace of Merida, located in the historic center of the city. The City Council is presided by a municipal president or mayor, and an assembly conformed by a number of regents (regidores) and trustees (síndicos). Renán Barrera Concha became Mayor on September 1, 2018.
The Yucatán Peninsula, in particular the capital city Mérida, is in a prime coastal location which allows for economic growth. Mérida has been a popular location for investment.[25] This, in turn, has allowed the Yucatán economy to grow at three times the rate of the national average.[25]
In addition, the World Bank Group's Ease of Doing Business Index ranked Mérida fourth nationally in the category of ease of starting a business.[26]
The city is home to important national and local research institutes, like the Yucatan Scientific Research Center (Centro de Investigación Científica de Yucatán, CICY) of the National Council of Science and Technology (Consejo Nacional de Ciencia y Tecnología, Conacyt), a unit of the Center for Research and Advanced Studies of the National Polytechnic Institute (Centro de Investigación y de Estudios Avanzados, CINVESTAV Unidad Mérida), the Dr. Hideyo Noguchi Regional Research Center (Centro de Investigaciones Regionales Dr. Hideyo Noguchi) of the Autonomous University of Yucatan (CIR-UADY), the Yucatán Science and Technology Park (Parque Científico Tecnológico de Yucatán, PCYTY) and the Peninsular Center for Humanities and Social Sciences (Centro Peninsular en Humanidades y Ciencias Sociales, CEPHCIS) of the National Autonomous University of Mexico (UNAM).
Mérida has served as the American Capital of Culture in the years 2000 and 2017.[27]
As the state and regional capital, Mérida is a cultural center, featuring multiple museums, art galleries, restaurants, movie theatres, and shops. Mérida retains an abundance of colonial buildings and is a cultural center with music and dancing playing an important part in day-to-day life. At the same time it is a modern city with a range of shopping malls, auto dealerships, hotels, restaurants, and leisure facilities. The famous avenue Paseo de Montejo is lined with original sculpture. Each year, the MACAY Museum in Mérida mounts a new sculpture installation, featuring works from Mexico and one other chosen country. Each exhibit remains for 10 months of the year. In 2007, sculptures on Paseo de Montejo featured works by artists from Mexico and Japan.
Mérida and the state of Yucatán have traditionally been isolated from the rest of the country by geography, creating a unique culture. The conquistadors found the Maya culture to be incredibly resilient, and their attempts to eradicate Maya tradition, religion, and culture had only moderate success. The surviving remnants of the Maya culture can be seen every day, in speech, dress, and in both written and oral histories. It is especially apparent in holidays like Hanal Pixan, a Maya/Catholic Day of the Dead celebration. It falls on November 1 and 2 (one day for adults, and one for children) and is commemorated by elaborate altars dedicated to dead relatives. It is a compromise between the two religions with crucifixes mingled with skull decorations and food sacrifices/offerings. Múkbil pollo (pronounced/'mykβil pÊ°oÊŽoË€/) is the Maya tamal pie offered to the dead on All Saints' Day, traditionally accompanied by a cup of hot chocolate. Many Yucatecans enjoy eating this on and around the Day of the Dead. And, while complicated to make, they can be purchased and even shipped via air. (Muk-bil literally means "to put in the ground" or to cook in a pib, an underground oven).
For English speakers or would-be speakers, Mérida has the Mérida English Library,[28] a lending library with an extensive collection of English books, videos, tapes, and children's books. The library is also the site for expatriate meetings, children's storytelling hours, and other cultural events.
Mérida is also home to the Yucatán Symphony Orchestra, which plays regular seasons at the José Peón Contreras Theatre on Calle 60 and features classical music, jazz, and opera.[29]
Yucatán food is its own unique style and is very different from what most people consider "Mexican" food. It includes influences from the local Maya cuisine, as well as Caribbean, Mexican, European and Middle Eastern foods. Tropical fruit, such as coconut, pineapple, plum, tamarind and mamey are often used in Yucatán cuisine.
There are many regional dishes. Some of them are:
Achiote is a popular spice in the area. It is derived from the hard annatto seed found in the region. The whole seed is ground together with other spices and formed into a reddish seasoning paste, called recado rojo. The other ingredients in the paste include cinnamon, allspice berries, cloves, Mexican oregano, cumin seed, sea salt, mild black peppercorns, apple cider vinegar, and garlic.
Hot sauce in Mérida is usually made from the indigenous chiles in the area which include: Chile Xcatik, Chile Seco de Yucatán, and Chile Habanero.
The Spanish language spoken in the Yucatán is readily identifiable as different in comparison to the Spanish spoken all over the country, and even to non-native ears. It is heavily influenced by the Yucatec Maya language, which is spoken by a third of the population of the State of Yucatán. The Mayan language is melodic, filled with ejective consonants (p', k', and t') and "sh" sounds (represented by the letter "x" in the Mayan language). Even though many people speak Mayan, there is much stigma associated with it. It can be seen that elders were associated with higher status with knowledge of the language, but the younger generation saw more negative attitudes with knowledge of the language[30] This was also in direct correlation with the socioeconomic status and their overall placement in society. There is also the idea that one is not speaking in the "correct" manner of legitimate Mayan dialect, which also causes for more differences in the accent and overall language of the area.[30]
Due to being enclosed by the Caribbean Sea and the Gulf of Mexico, and being somewhat isolated from the rest of Mexico, Yucatecan Spanish has also preserved many words that are no longer used in many other Spanish-speaking areas of the world. However, over the years with the improvement of transportation and technology with the presence of radio, internet, and TV, many elements of the culture and language of the rest of Mexico are now slowly but consistently permeating the culture.
Apart from the Mayan language, which is the mother-tongue of many Yucatecans, students now choose to learn a foreign language such as English, which is taught in most schools.
Modern Mérida has expanded far beyond its original city walls, but many old Spanish colonial buildings and several old city gates can still be seen in the centro histórico, which is among the largest in the Americas. Many large and elaborate homes from the early 20th century still line the main avenue called Paseo de Montejo. For example, "Las Casas Gemelas" (The Twin Houses) are two side-by-side French and Spanish style mansions completed in 1911 by Camilo and Ernesto Cámara Zavala. Owned by the Barbachano and Molina Méndez families, they are two of only a few houses that are still used as residences on Paseo Montejo from that era. During the Porfiriato, the Barbachano house held cultural events that hosted artists, poets, and writers. In the mid-1900s, the Barbachanos hosted aristocrats including Princess Grace and Prince Ranier, as well as first lady of the U.S., Jacqueline Kennedy.[31]
The historical center of Mérida is currently undergoing a renaissance, as people and businesses move into these old buildings and restore them.[32] Many of these restored buildings now serve as office buildings for banks and insurance companies. Other important historic sites in the city include:
Several facilities can be found where to practice sports:
The city is home to the Mérida Marathon, held each year since 1986.[33]
City service is mostly provided by four local transportation companies: Unión de Camioneros de Yucatán (UCY), Alianza de Camioneros de Yucatán (ACY), Rápidos de Mérida, and Minis 2000. Bus transportation is at the same level or better than that of bigger cities like Guadalajara or Mexico City. Climate-controlled buses and micro-buses (smaller in size) are not uncommon.
As of 2024 the privately owned city bus system is being replaced by a new municipal system called "Va y Ven".[34]
Ie-Tram Yucatán is a bus rapid transit (BRT) system opening in December 2023.[35]
The main bus terminal (CAME) offers first-class (ADO) and luxury services (ADO PLATINO, ADO GL) to most southern Mexico cities outside Yucatán with a fleet consisting of Mercedes Benz and Volvo buses. Shorter intrastate routes are serviced by many smaller terminals around the city, mainly in downtown.
Several groups and unions offer taxi transportation: Frente Único de los Trabajadores del Volante (FUTV) (white taxis), Unión de Taxistas Independientes (UTI), and Radiotaxímetros de Yucatán, among others. Some of them offer metered service, but most work based on a flat rate depending on destination. Competition has made it of more common use than it was years ago.
Taxis can be either found at one of many predefined places around the city (Taxi de Sitio), waved down along the road, or called in by radio. Unlike the sophisticated RF counterparts in the US, a Civil Band radio is used and is equally effective. Usually a taxi will respond and arrive within 5 minutes.
Another type of taxi service is called "Colectivo". Colectivo taxis work like small buses on a predefined route and for a small fare. Usually accommodating 8 to 10 people.
Uber, DiDi, and inDrive also offer services in Mérida.
Mérida (IATA: MID, ICAO: MMMD) is serviced by Manuel Crescencio Rejón International Airport with daily non-stop services to major cities in Mexico including Mexico City, Monterrey, Villahermosa, Cancún, Guadalajara, Tuxtla Gutierrez, and Toluca. The airport has international flights to Miami, Houston, La Havana and Toronto. As of 2006[update] more than 1 million passengers were using this airport every year, (1.3 in 2007).[36] The airport is under ASUR administration.
Mérida was the hub of an extensive narrow gauge railway network that operated in the states of Yucatán and Campeche beginning in 1902. This system was merged into Ferrocarriles Unidos del Sureste in 1975, and later merged into Ferrocarriles Chiapas-Mayab. In 2016, The Secretary of Communications and Transportation revoked the concession.[37]
Current passenger train service to Mérida is provided by Tren Maya which runs from Palenque, Chiapas to Cancún, Quintana Roo, continuing on to Playa del Carmen. It stops at Teya Mérida railway station, 8 km (5.0 mi) east of the city.[38]
Main roads in and out of Mérida:
Mérida has many regional hospitals and medical centers. All of them offer full services for the city, and in case of the regional hospitals, for the whole Yucatán peninsula and neighboring states.
The city has one of the more prestigious medical faculties in Mexico (UADY). Proximity to American cities like Houston allow local doctors to crosstrain and practice in both countries making Mérida one of the best cities in Mexico in terms of health services availability.
Hospitals:
In 2000, the Mérida municipality had 244 preschool institutions, 395 elementary, 136 Jr. high school (2 years middle school, 1 high), 97 High Schools and 16 Universities/Higher Education schools. Mérida has consistently held the status of having the best performing public schools in Mexico since 1996. The public school system is regulated by the Secretariat of Public Instruction.[39] Attendance is required for all students in the educational system from age 6 up to age 15.[39] Once students reach high school, they are given the option of continuing their education or not; if they chose to do so they are given two tracks in which they can graduate.[39]
Nevertheless, education in Merida has a variety of quality throughout the city. This mainly has to do with the different social strata and where they reside. Mayan indigenous population are at the bottom of the spectrum and this can be represented in the type of education that the children are receiving. Upper class is usually located in the north, as it is less populated and has higher living costs.[40] For the most part, private schools are located in the northern part of the city. The only students who attend these schools are those of high class and of non-Maya descent.[41] A distressing statistic of how this affects the indigenous communities can be noted, "In Yucatan only 8.9 % of the Mayans have achieved junior high and solely the 6.6% have studied beyond that point. The 83.4% of the Mayans 15 years old and older dropped out of school before finishing junior high."[42]
Many laws have been set in place to avoid discrimination between the Spanish speakers and the Mayan speakers as the "Law says that it is a duty of the Mexican State to guarantee – guarantee, not just try, not just attempt – that the indigenous population has access to the obligatory education, bilingual and intercultural in their methods and contents."[42] Despite this having been set into law, there is no bilingual or cultural accepting program after elementary school.[42] The system for indigenous education only serves about one third of the Mayan speaking population of the area.[42] Many Maya[43] children are forced to learn Spanish and cease using their native tongue, which may be challenging for them to do. This in turn causes many of the students to feel that learning at school is not their strong suit and may even end up dropping out early in their education.[42]
There are several state institutions offering higher education:
Among several private institutions:
Mérida has several national research centers. Among them
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