Sudzal - Cuzamá - Mérida

Izamal, often referred to as the "Yellow City" due to its iconic mustard-colored buildings, is steeped in history and cultural richness. Founded thousands of years ago, it was once a major cultural center of the Maya civilization and later transformed by Spanish settlers, who built the stunning Convent of San Antonio de Padua on top of a large Mayan pyramid. Today, Izamal is located in the Yucatán Peninsula, about 72 kilometers east of Mérida, the capital of Yucatán state, and is home to several other ancient pyramids, such as Kinich Kak Moo. Known for its cobblestone streets and colonial charm, Izamal is not only a town of great historical significance but also a destination with a burgeoning luxury property market.

The Exclusive Property Market in Izamal

Izamal's exclusive property market is currently stable, offering a perfect balance between demand and supply. While the demand for luxury homes and apartments continues to grow, especially from international buyers looking to invest in a historically rich and tranquil location, the supply is sufficient, albeit limited to preserve the exclusivity. Buyers typically pay a commission of about 5% on the purchase price, with similar costs expected from sellers. When considering the purchase of a luxury property, additional costs such as a transfer tax of approximately 6%, notary fees, and optional legal and construction inspection costs should be accounted for. There is no wealth tax on private property ownership, and taxes on the profit from selling a main residence are generally not applicable, while a second home is subject to capital gains tax.

Luxury Lifestyle and Residential Areas

Izamal is renowned for its most sought-after residential areas brimming with luxury homes, particularly around its historical center. The city's serene environment, rich with ancient cultural landmarks and colonial-era architecture, makes it an enchanting place to live. The climate in Izamal is tropical, characterized by a warm season year-round, ideal for outdoor activities such as horseback riding, hiking, and exploring nearby Mayan ruins. As for shopping, the city offers a range of luxury boutique stores catering to discerning tastes.

Connectivity and Accessibility

Izamal is well-connected via road, with easy access to Mérida, the nearest major city approximately a one-hour drive away. Mérida International Airport is the closest airport, providing both national and international flight connections, located roughly 72 kilometers from Izamal. Public infrastructure in the area is commendable, with reliable amenities and services.

Education and Healthcare

Izamal offers access to several educational institutions and is within reach of Mérida's prestigious schools and universities. Healthcare services are readily available with convenient access to hospitals and clinics in the vicinity, ensuring quality medical care.

Cultural and Recreational Offerings

Rich in cultural and historical allure, Izamal hosts annual events celebrating Mayan heritage, music, and traditional arts. The city holds esteemed museums and galleries, showcasing works that celebrate both its ancient past and vibrant present. Luxurious accommodations like high-end hotels, fine dining restaurants, and exclusive nightlife options are sprinkled throughout Izamal, offering residents and visitors a taste of elegance and sophistication.