Buying Real Estate Property in Colombia - A Guide

The real estate market in Colombia is booming and many factors are driving this. While the country has a chequered past, massive progress has been made in recent years and it is an extremely attractive destination and investment opportunity for many reasons. We will give you the details and why Colombia has become a popular choice for many foreign investors.

Introduction to Real Estate in Colombia

Colombia has made dramatic changes and improvements in many areas. Massive improvements have been made in governance, crime, infrastructure, public amenities, and transport. The cost of living is relatively great and there are many attractions. The positive changes have made real estate a fantastic investment opportunity, particularly for foreign investors.

If you are a first-time investor in Colombian real estate, you might find the process different from many other parts of the world. Being aware of the local market and process will give you a greater chance of not making any costly mistakes and investing in a property that will give you a positive experience.

Overview of the Colombian real estate market

While it can be a challenge to navigate initially, the real estate market is booming in many parts of Colombia, and armed with the right knowledge, it makes a great investment. If you are using dollars, you can get a quality property that will yield a good return on investment.

If you plan to live there, you will get amazing value for money. You could live in a modern, spacious home for a fraction of what it would cost in most cities in the U.S. or other areas. Another option is long or short-term rental investments. These bring their challenges but if done correctly, should be a lucrative investment. The rental market is flourishing, especially with Airbnb and other short-term rentals. This is largely due to the massive tourism growth.

Government policies and initiatives and local special circumstances are also aiding growth in the market.

Note that there are some challenges that one needs to be aware of. The main one is that the agents do not need to be registered and generally have no specific training. They often act in the seller's interests, mainly to boost their commission. The purchase process is quite bureaucratic, and it is advised that you hire a trustworthy local attorney to guide and advise you before you even start looking at properties. More on that later.

Current trends and growth prospects

There is little doubt that there is a surge in demand for quality property in Colombia and this is driving prices up. Most of the positive sentiment is seen in the picturesque coastal areas and the larger more developed urban cities with modern infrastructure and amenities.

According to Statista, the 2024 value of Colombia’s market is set to reach an impressive US$2.12tn. Dane put the 5-year growth in home prices at an equally amazing 37.9%.

Why Consider Colombia for Real Estate Investment?

Economic and political stability

These are the leading reasons for the improvement of the real estate market. Many areas of Colombia that were rife with crime, conflict, and unemployment have made incredible progress, making it viable for property investment. The political climate is stable, and the country is experiencing impressive growth. This growth is gaining momentum year on year.

To quote the IMF “The Colombian economy is well-advanced in reaching a more sustainable level of economic activity, with marked reductions in inflation and the external current account deficit.” Inflation has significantly decreased, the GDP is growing, and private investment is on the increase. There are also multiple significant infrastructure projects. The job market has made great strides and unemployment is down. Social and fiscal reforms have led to increased productivity and the economy is diversifying.

Favorable exchange rates

One of the main reasons Colombia is such a viable real estate investment opportunity for foreigners is the favorable exchange rates. You will get a lot of bang for your buck with foreign currency. 

Always remember that while your investment might increase in local Colombian currency (the Colombian Peso) it generally has a downward trend against U.S. dollars and other leading international currencies. It is a volatile exchange rate and while this might improve as the country and economy improve, it might not be that easy to convert your investment back into your local currency with a significant profit, even if it has done well locally.

While this makes it easy to get into the market, getting out and converting currency can be challenging. If you are optimistic about the Colombian economy, the growth in your investment can always be reinvested locally. This is the route many foreign investors are taking.

Emerging market opportunities

Many emerging markets are showing amazing opportunities and Colombia is no exception. As discussed above, political stability and improved security have seen dramatic improvements. This combined with urbanization, social development, and infrastructure improvements all add to the investment attraction.

Another benefit of the improvements in most of Colombia is an increase in tourism. This helps to drive the property market as many investors seek out rental properties.

While there is still much work to be done in various sectors such as healthcare and education, there is positive growth. Starting from a low base compared to more developed countries leads to a range of opportunities. The current government, foreign investment, and the attitude and dedication of much of the population all point toward continuous growth and development in Colombia. Tax, trade, government initiatives, and investment policies have also been relaxed to aid the market and spur investment and economic growth.

Provided you do your homework, you can expect a good return on investment when purchasing property in the better parts of Colombia. There are also tax incentives, legal protections, and other benefits.

Popular Regions for Real Estate Investment in Colombia

Spotlight on Medellin

Medellin serves as the capital of the department of Antioquia and is the second largest city in Colombia, second only to the capital, Bogotá.  Like many parts of Colombia, it has seen tremendous growth and development in recent years. This diverse and bustling urban space is rich in history and culture. It is a popular area for foreign investors. Medellín, also known as the "City of Eternal Spring," offers amazing integration with the local beauty of the abundant vegetation and the mountainous landscape. The use of green spaces and open-air designs add to the appeal of this area as well as property values.

Neighborhoods and districts

Medellin is divided into 16 districts known as comunas, 2 townships (corregimientos), and 271 neighborhoods (barrios). As with any large city, it has good and bad neighborhoods. It is very important to use a trusted real estate agent who can advise you about the ideal locations to live or invest. Do your homework before investing.

El Poblado

This is a thriving neighborhood and one of the safest and most affluent areas. It is abuzz with leading restaurants and trendy cafes, great nightlife, and some amazing shopping areas including awesome fashion boutiques.

There are many decent hotels and impressive high-rise apartment blocks. It also boasts rich cultural experiences including the popular Medellín Modern Art Museum.

This trendy vibrant area has attracted many locals as well as regular tourists. It is home to roughly 2.5 million people. It is clean and has a good transport infrastructure and many public spaces and modern amenities.

El Poblado covers a large area, it’s not just nightclubs and restaurants! There are some beautiful residential areas as well. Santa Maria de Los Angles to the south, Los Balsos and El Tesoro to the east. There’s something for everyone in this neighborhood.

Laureles

A close second is the trendy neighborhood of Laureles, known for its more laidback arty style. Being a bit smaller and more residential, the pace of life is more relaxing. That being said, there is plenty to appreciate making it popular with ex-pats and visitors. You will still find fantastic restaurants, entertainment, culture, and shopping spots. The cost of living is a great attraction.

Being a university town means that there is a relatively young local crowd. There are many green spaces, coffee shops, pubs, and trendy venues. Football is very popular and it is here you will find the main Medellín football stadium. Dancing and local music are also exciting attractions.

Belén

If you are after a more authentic experience in Colombia, this is a good neighborhood to try. It is more residential but also has a relaxed and peaceful atmosphere. It is also highly affordable making it attractive to visitors. It offers affordable accommodation and recreation. Note that you might need to brush up on your Spanish a bit as there are few English speakers (we did say it was authentic). The neighborhood is safe and the people are friendly and accommodating.

Envigado

On the southeast of Medellin, but with an easy trip to the city center, is the municipality of Envigado. With plenty of green spaces, it gives you a break from the hustle and bustle of the larger areas. For nature lovers, there is an abundance of parks and natural areas offering bird watching, hiking, rock climbing, and other activities.

Note that not all neighborhoods are equally safe. Many might still be interesting to visit provided you are aware of the better parts and take the necessary precautions. A guide will be a big help. They will unlikely be great investment areas.

Infrastructure and amenities

Despite the mass urbanization in the past, the larger cities in Colombia have come a long way to address the issues this created. Improved roads, metro systems, public busses, and even cable cars have allowed the poorer neighborhoods and indeed all of the population to connect more easily. Political, social, and economic reforms combined with a general improvement in the global economy bolster development. The rail infrastructure and airlines have also been improved.

The ports, refineries, and pipelines have been upgraded and are still being expanded.

There has been a great focus on maintaining and improving green areas, parks, and recreational facilities. Schools, universities, libraries, and health facilities have improved dramatically although still have a way to go.

Property types and prices

The vast majority of urban dwellers, particularly in the larger cities, live in flats or condos. These range from single-room apartments to large 3 or 4-bedroom units. Many are spacious and some have spectacular views.  The upside to this is that there are many parks and green spaces as well as other attractions one can visit. In the more outlying areas, there are houses available.

Prices are generally equated at a cost per square foot and this will vary according to the neighborhood, the facilities, and the quality of the fittings and fixtures. Prices range from $90/sq ft to $120 plus for more luxurious spaces. Small apartments in a decent area can be picked up for $ 70,000 while larger apartments go for $ 130,000 plus. There are more luxurious and spacious apartments that are way higher but overall, a quality condo is affordable.

Exploring the Coffee Triangle

Colombia is famous for many things but the one that stands out is the spectacular Arabica coffee, one of its main exports. The powerful and sought-after coffee is grown in many parts but mainly the coffee zone or the coffee triangle. It consists of the departments of Risaralda, Quindío, and Caldas. It fits neatly between Bogotá, Medellin, and Cali.

While Salento is the most popular among tourists, Jardin runs a close second. If you have the time and a sense of adventure, many more rustic options are delightful to visit but not quite as easy for tourists.  Reaching them can be a challenge and tourist accommodation is limited.

The coffee triangle features amazing views of the many impressive coffee plantations and boasts many attractions, entertainment, and amenities. The coffee triangle is a great way to immerse yourself in the local culture and view one of the country's main exports, as well as some spectacular landscapes.

Charm of rural living

While there are many attractions in the larger cities, the rural areas are appealing for the slower pace of life and abundance of tranquil natural areas. There are still many great investments to be found in these areas although short-term rental demand will be lower. Your investment growth might but slow but should remain steady. You will be able to acquire a larger property in the rural areas for less money than in the metropolitan areas.

Coffee farms and rural properties

These areas are thriving and are one of the cornerstones of the Colombian economy. Many are also popular with tourists as well as foreign residents who seek out an affordable and peaceful lifestyle. Property prices are significantly lower than in the major cities and neighborhoods so quality investments can still be found. It is important that you do due diligence to determine the areas with the most potential for a decent ROI.

Tropical Appeal of Cartagena

The Caribbean Coast Region port city of Cartagena is situated on Colombia's north coast and has a rich history and culture. It was a major coastal link to vessels traveling to the West Indies and was founded in 1553 as a Spanish colony.

The tropical area is still a thriving city and a popular tourist destination. This is largely due to it being one of the safest cities in Colombia. The historical architecture is impressive, and the local charm is captivating. There is much to see and do in Cartagena. Two must-see attractions are the neighborhood of Getsemani and the Walled City of Old Cartagena. Naturally, the many nearby tropical islands are a whole lot of fun and make for a fascinating visit.

There are also many awesome malls, an abundance of restaurants offering a variety of cuisines, various museums, amusement parks, outdoor activities, sports, and a host of other attractions.  

Coastal Properties

While the bigger cities have seen exponential growth and development, there is still a huge demand for coastal properties. As the tourism industry continues to improve, this will see an increase in demand. This will result in an increase in property values. The coastal areas are charming and have a wide appeal. The climate is favorable and the beaches are spectacular.

Tourism and investment potential

There are compelling investment opportunities in many parts of Colombia. The population is growing and the GDP is increasing, meaning more demand for property. Foreign investment is also on the rise driving property values up. One of the main drivers is tourism which not only means an influx of tourists spending money in the country but also creates many job opportunities. This, combined with the improved political stability and infrastructure improvements, make for many opportunities.

The tourism industry is thriving and is set to continue growing.

Legal and Regulatory Landscape

As mentioned, this can be a challenge and is probably vastly different from any property purchase you might have made in the past. It is essential to use the services of a reputable real estate agent and lawyer preferably by referral from someone who has personal experience with them.  

You want to ensure you have a clean title and that there are no liens or outstanding tax issues on the property. You also want a tight purchase agreement with no loopholes or potential issues. The other important point is to ensure that the seller registers the investment with the national bank. Failure to do this can lead to problems down the line. Your attorney will assist with these and other challenges.

Understanding property ownership laws

While the process can be a challenge the good news is that foreign investors have the same property ownership rights as locals. This adds to the investment appeal. There are naturally several formalities and hurdles that must be jumped but with the right attorney guiding you, it is safe and relatively easy.

Foreigner-friendly Regulations

Colombia is eager to attract foreign investors and has made great progress in making the prospect more attractive. Apart from giving foreigners equal rights to locals and offering visa or residency options, they also make it an attractive investment for foreigners.

Legal Considerations for Ex-pats

The only prerequisites for purchasing real estate in Colombia for expats are the necessary funds and a valid passport. The system of property transfer works quite differently from that in the USA and most other countries so it is essential to use a trusted lawyer, particularly for your first purchase.

Financing Options for Ex-pats

Mortgage options for foreign buyers

As a foreigner, it is not going to be easy to get a mortgage. While it might be possible, it is tricky and time-consuming. Once you have a bank account and established a track record it will become easier. The interest rates are not as favorable as in many other countries and the process can be tedious.

Banking and financing procedures

Opening a bank account as a newcomer or investor in Colombia is difficult until you hold a Cédula (National ID Card) which comes after your visa is granted. Having enough funds available to purchase your first property outright is by far the ideal situation. After you have your Migrant Visa – Real Estate and Cédula, opening a bank account is easy and even obtaining finance may be possible.  

Currency exchange considerations

Setting up a brokerage account is the best way to transfer your funds into Colombia. This needs to be done in advance so your funds are ready to go. This puts you in a much stronger negotiating position. You can choose from two brokerage firms to set up your account with Alianza and Acciones y Valores.  Currently, the exchange rate of the Colombian Peso to the USD dollar is very favorable for US residents moving funds to Colombia.

Visa and Residency Requirements

Visa options for ex-pats

Depending on the amount you invest, a visa application is relatively easy. There are various thresholds, and they change from time to time but owning property will give you access to a Migrant Visa – Real Estate. There is naturally a bit of red tape involved but the process is fairly simple. It does take a bit of time but should be simple enough once you have made a property investment. Using a lawyer to submit your visa application is recommended.

Residency requirements and processes

You can invest in Colombian real estate as a foreigner and still enjoy the same rights as a local property owner. You should easily qualify for a migrant visa. Provided the investment is maintained, this will last for 3 years and can be renewed without too much fuss. After 5 years you can apply for permanent residence which will give you access to local benefits as well as a sense of security.

Navigating bureaucracy

Investing in real estate always involves a fair amount of bureaucracy and Colombia might be a bit more intense than you are accustomed to. This is the main reason you need to have a local attorney to guide and drive the process while making sure your investment is protected and meets all the legal requirements. Their local knowledge will ensure the safety of your purchase and also help to speed to process up.

Cost of Living and Lifestyle in Colombia

Apart from the great value you can find in property, there are many other benefits.

Comparing the Cost of Living to the U.S.

The cost of living in Colombia is significantly lower than in the U.S. and even compares well with other areas in South America. Property is a perfect example, and you will get great value for your dollars in Colombia. Entertainment, personal care, clothing, and most other products and services are much less expensive in Colombia.

The Estratos System

Something that will impact your cost of living (as well as the ROI or investment potential of the property) is the estratos system. To put it simply, it is a classification of the socioeconomic status of each area or neighborhood. It is on a scale of 1 to 6 with 1 being low-low class and 6 being high class. The middle class is 4 but remember, that is generally a lower status than one would call the middle class in more developed places such as the U.S. or the UK. Estratos 1, 2, and 3 are relatively undesirable places to live and certainly make a poor investment. You are much better off looking at levels 5 and 6.

The system was implemented in 1994 as a measure to alleviate poverty. The higher levels effectively subsidize the cost of utilities for the lower levels (1,2 and 3). This means that the higher the level, the more you will pay, relative to lower levels, for basic utilities. Remember, even at the highest levels they are still more affordable than in most developed nations.

The levels are not based on income levels but on the condition of the properties, infrastructure, job opportunities, amenities, education facilities, healthcare, and other factors. Be sure to check the estrato level of the property if you intend to invest.

Lifestyle amenities and cultural experiences

Colombia offers a great range of lifestyle amenities as well as a host of rich cultural experiences. They have made great strides to retain and expose their diverse heritage so the options are vast.

The lush and abundant natural areas are great attractions as are the scenic and beautiful seaside areas. There is something for everyone from modern shopping centers to coffee shops, restaurants, bars, and other attractions. The numerous sporting events in Colombia are also popular attractions.                      

Healthcare and education facilities

Healthcare

The quality and availability of healthcare in Colombia are impressive. It is highly ranked by the World Health Organization internationally and certainly one of the best in South America. This includes transplants and cosmetic surgery. EPS or Entidades Promotoras de Salud is a public health insurance plan that functions well and is affordable. While there are still improvements to be made the current system works well and the training standards are high.  Note that the standards are much better in the larger cities and the rural areas are somewhat lacking in advanced facilities and treatment.

Education

Again, there is some work to be done in this sector but the standard of education is good and is on an upward path. Prices for tertiary education are relatively high and only available in the larger metropolitan areas. They do, however, offer a range of graduate degrees up to a doctorate level.

Navigating the Buying Process

A Step-by-step guide to purchasing property

There are several steps to take before and when investing in real estate in Colombia.

Open a Brokerage Account

This is the safest and easiest way to transfer money when investing in property. We suggest you start the process before your buying trip to Colombia. When you are ready to transfer funds you will need to provide evidence to the brokerage company of the source of the funds. Usually, this is as easy as sending them three months of bank statements.

Appoint a Trusted and Experienced Local Attorney

For expats and first-time buyers, navigating the local legalities and regulations can be a major challenge. It is recommended to find a local expert to act on your behalf and guide you through the process. Be sure to only use someone who comes highly recommended.

Decide on the Area and Find a Suitable Property

You need to do your homework and decide on the best area and potential properties according to your desire and your budget. Do due diligence, get a feel for the area, and try to get as much information on property values and recent sales as possible. Remember what we said about the ‘estratos’ system!

Factor in any renovation costs as well as additional legal fees and taxes when calculating your budget. When deciding on a property you need to do a complete inspection. You can do this yourself or find a trustworthy local professional.

Make an Offer

Don’t forget to negotiate, it is part of the local culture and part of the process. Once you have agreed on a price, get your attorney to make an offer. They should be sure to include all necessary clauses including fixtures, amenities, additional costs, and other relevant factors.

Verify the Title and Legal Status

Have your attorney check the title to ensure there are no outstanding taxes, liens, or other issues with the property.

Pay the Deposit

This is generally paid at this stage and is normally 10% of the purchase price.

Sign the Final Deed of Sale

This must be done before a notary and involves a nominal fee.

Final Payment and Documentation

Ensure that all documents and legal requirements have been met, by yourself as well as the seller. Ensure you get a certificate of title. Final payment can be made once your attorney is satisfied that everything is in order.

Rental and Investment Opportunities

Rental market trends

The rental market trends in Colombia, particularly in the larger cities and coastal areas, are showing a strong upward trend. Although property is affordable to many foreign investors, buying in the right area is critical. Economic growth, urbanization, and increased tourism are pushing rental prices up.

ROI considerations for investors

The return on investment (ROI) in Colombia is currently good, again, provided you buy in the right area. One can expect a decent ROI in local currency. Due to exchange rates, the growth might not always be significant when you convert back to your local currency. Although the rate fluctuates, they are showing signs of improvement.

Managing a property remotely

This can be a challenge if you are not locally based. You will need support that you can trust. There are many other expats based in Colombia so they should be able to help with referrals to a trusted person or company. Do not go in blind as this can lead to headaches and hassles that are a challenge to manage remotely. If you find the right person and put systems and expectations in place it is quite possible to manage the property from your home country.   

Cultural and Social Integration

Learning about Colombian culture

Colombia has a rich and diverse culture. While it might be different from what you are used to, most people find it easy to adapt to and soon embrace the local culture. The history is fascinating, and the country is rich in museums, art, music, theatre, and other cultural experiences. You can still experience traditional “Western” culture in many places but there are so many local attractions and interesting events that this is rarely necessary. If the need grabs you, you can still catch an American movie or a Big Mac.

Language considerations

In the major metropolitan areas, you will come across some Colombians who speak English or have a smattering of the language. English is not widespread so a basic understanding of Spanish will certainly help. You will get plenty of use from the translator app on your cell phone! Spanish is a relatively easy language to learn and modern technology, websites, and apps can help a great deal. Certain local customs and etiquette considerations need to be understood. You should be able to pick them up quickly, but it always helps to do a bit of research beforehand.

Building a social network

This is a lot easier than most people imagine. Moving to or living in any foreign country will always be somewhat of a culture shock. On the whole, the locals are friendly and welcome foreigners. It will certainly help if you have a basic understanding of Spanish and do a bit of basic research on some of the local Colombian cultural differences. You will soon pick it up.

The other thing that helps is that there is a large expat community from the U.S., the UK, other parts of Europe, and other regions. Social media and other online forums will help you connect with other expats in your area, and you can share experiences and advise each other as you learn the local ways. We suggest you join some of the Facebook Groups when doing your research and then attend any meetups once you are there. A great way to network and learn Spanish is to attend the frequent ‘language exchange’ meetings, usually held at cafés or some of the language schools.                                

Resale and Exit Strategies

Understanding the Resale Market

Due to the thriving market in the right areas, it is relatively easy to offload your property. As with any market, the various real estate markets within Colombia have their ups and downs although, for instance, the Medellín market has been strong and positive for over ten years.  Like any investment timing is important. Also, remember that the process typically takes some time to finalize.

Exit Strategies for Investors

As with any real estate investment, it is important to have an exit strategy. While the general trend is that property prices are steadily rising in the better parts of Colombia, the market does fluctuate. This makes timing important. If you plan to convert your investment back into US$ or other currency, that requires even better timing. While your capital growth might be good, the local Colombian Peso is highly volatile and a showing a downward trend against the major currencies. The outlook is positive that this situation will improve over time.

Tax Implications for Foreign Property Owners

Tax obligations in Colombia

Upon purchase, you will pay a property tax in the region of 1.5% of the transaction value. Your property taxes are based on the municipal and property value and will range from 0.5% to 1.1% per annum. They mainly use the cadastral value, typically lower than market value. You can also expect to pay a 10% capital gains tax on the profit made when selling the investment. There are several ways to mitigate and reduce this cost so again, rely on a local and knowledgeable expert in this field. 

International tax considerations

There is a system in place to prevent double taxation for ex-pats that will reduce their U.S. tax burden.

Seeking professional advice

Finding local professional advice can be a challenge but is important to help you navigate the purchase process. The best way to do this is through referrals from others who have been through the exercise. Social media and online forums are good ways to connect with like-minded people.

Future Developments and Infrastructure Projects

Upcoming projects in Medellin, the Coffee Triangle, and Cartagena

Medellin is at the cutting edge of developments in Colombia. They have embarked and multiple transport and infrastructure projects and other developments are flourishing. Current or recent projects include the River Park, the Hidroituango hydroelectric power plant, and a host of retail, commercial, road, and residential projects. There are also expansion plans for the airports.

The Coffee Triangle is becoming increasingly popular with tourists and there are several exciting projects on the go to support this growing trend. There is also an improvement in schools and training venues in the area.

Cartagena will soon see the completion of the Cartagena Refinery, reducing the reliance on diesel and gasoline imports. They are also seeing a massive increase in residential and commercial projects.

Impact on property values and investment potential

The current and future developments bode well for investors. Combined with political stability and improved safety, the trend is increasing property values.

Tips for Securing the Best Deal

Negotiation strategies

Colombia has a culture of negotiating and property investment is no different. While most investors are used to negotiating, the process might be a bit more aggressive and time-consuming. If you are not in a rush to invest, take your time. Look for a willing seller that is prepared to accept a reasonable offer. It is important to understand the true market value as well as the cost of any renovations necessary. While this can be tricky to determine, it will give you ammunition and greater ability in your negotiations. Again, it is very important to deal with an agent who is honest and trustworthy. It is vital to obtain a referral. Do your homework and don’t be shy about negotiating hard to get the best deal. 

Market research and timing

Timing is everything as the property market can go up and down depending on the area. While the general trend is increasing prices, you need to select the right area and the right neighborhood. Many sellers are in no rush to sell so if your investment is urgent, you need to find a motivated seller.

Hidden costs and fees

Your attorney should guide you through the various costs but here is a breakdown:

Sellers fees

• 19% VAT
• Sales tax – 1% of purchase price
• Income tax -1% of the purchase price
• Estate agent fees - generally 3% of the purchase price

Purchaser fees

• Registration fees of between 0.5% to 1% of the purchase price
• Attorney fees – These need to be negotiated with your attorney at the outset but the due diligence, purchase agreement, registering the foreign investment, and the closing process typically run about around 3 million Colombian pesos, roughly $800. We strongly recommend using a lawyer who is prepared to give you a fixed price. There are law firms who see ex-pats as money-printing machines and charge by the hour or even the minute!

The are local taxes of 1.05% of the purchase price and transfer charges of 0.15% of the purchase price, both are split 50-50 between the seller and buyer. The notary fees of around 0.30% to 0.35% of the purchase price are also split between the two parties.

Conclusion: Making Your Colombian Real Estate Dream a Reality

Investing in real estate in Colombia is an exciting and viable option for foreign investors. All you need is access to the funds and a passport. Get guidance from a local with knowledge and experience to ensure you do not make any mistakes and that everything is legal and legitimate. Do your research on the most desirable areas to invest in.

We will cover some of the more important issues in much more detail in further articles so be sure to follow the information. This will ensure a safe and profitable investment in your Colombian property.