
Summary: Expats in Colombia share insightful tips for buying property in Colombia. If you're thinking about buying real estate in Colombia, there is much to learn from their experiences.
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Betsy Burlingame is the Founder of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Some of Betsy's more popular articles include 6 Best Places to Live in Costa Rica, 12 Things to Know Before Moving to The Dominican Republic and 7 Tips for Obtaining Residence in Italy. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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Expats in Colombia discuss the pros and cons of living in Colombia. From the Colombian people to driving to taxes and more. As challenging as it can be, expats in Colombia clearly find that there is a lot to love about a country that is a surprising expat hot spot.
Colombia Forum
Join our Colombia forum to meet other expats and talk about living in Colombia.
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Help other expats and newcomers by answering questions about the challenges and adventures of living in Colombia.
Here are the 9 best places to live in Colombia according to expats living in Colombia. Expats share why they love living in each city, the climate, cost of living, social activities and more. Don't overlook the comments about heat and humidity in some coastal cities - while these conditions are ideal for some expats, they're oppressive for others.
Our guide to healthcare in Colombia covers public and private healthcare in Colombia, hospitals, vaccinations, prescription medications and more.
With its bustling cities, beautiful beaches and friendly Colombians, Colombia is an increasingly popular destination for expats of all ages. Expats in Colombia offer insightful tips for those moving to Colombia.
Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Colombia.
Colombia is an up-and-coming expat destination. With it's low cost of living, and wonderful people, Colombia has a lot to offer.
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Expats in Colombia discuss the pros and cons of living in Colombia. From the Colombian people to driving to taxes and more. As challenging as it can be, expats in Colombia clearly find that there is a lot to love about a country that is a surprising expat hot spot.
If you're moving to Colombia, read these tips from expats living Colombia. From what to bring to Colombia, hiring a lawyer for visa issues, buying vs. renting, health insurance and hospitals, the frustrations of using Amazon in Colombia and more.
Expats in Colombia face unique and inconsistent challenges in managing their finances, and that means persistence is needed. Here are some basic tips from expats living in Colombia - their insights are based on their actual experiences managing their finances while living there.
Expats in Colombia have taken full advantage of this South American nation's miraculous comeback after decades of chaos. Digital nomads have also found there way to Medellin, its second largest city, for a wide variety of reasons.
Good information in this article. Its very important to not just buy property in your name but to be very careful on showing the path money takes to come to the country to get credit for purchases. I can recommend a couple links with information on purchasing properties, legalizing investments and obtaining investors visas: http://www.medellinlawyer.com/how-to-buy-real-estate-in-colombia/ - http://www.medellinlawyer.com/colombian-investors-visa/ - http://colombiainvestorsvisa.com/ The exchange rate is at a record high, today at 3,100 pesos per dollar. Popularity is growing fast so your money is pretty safe investing in Colombia. Besides the people are very friendly! Stop by and see us when you visit! James Lindzey Colombia Legal & Accounting 57-4-444-6634
guestI bought a condo on the beach in Cartagena. Places there are very expensive but after browsing the real estate sites I stumbled across a steal. Was a beach rental for the past 20 years and has been neglected some. But luckily labor is cheap. Been going down once or twice a month working on it. Planning on early retirement and moving on down.
guestMy question is why buy something Colombia? Rent is cheap compared to the purchase price of most properties ... in addition to the local currency has fluctuated 50% in the last 8 years. If you bought a COP property of $ 200,000 8 years ago, it took USD 120K to buy it. Today, the same property has risen 50%, but you only need $ 90K USD to buy the same property. Still be in the hole.
guestRecent property investors have lost money. Real estate firms in Colombia have been touting 12% or higher returns for investment properties used for rentals as well as property appreciation. At the Live and Invest Overseas conference in Medellín last year First American Realty Medellín was touting 5-10% rental returns plus 5-10% real estate appreciation. However due to currency risk and the weak Colombian peso lately, many property buyers who bought one or two or three years ago in Colombia have actually lost money in terms of USD. For example, the exchange rate today is 3,245 pesos to the USD and two years ago it was 1,943. Gringo real estate firms in Colombia are still touting high returns but there is still currency risk. What if the global economy implodes due to China or the price of oil drops well below $30, which several analysts are projecting? Colombia was relatively sheltered from the 2009 Global Financial Crisis in comparison to its Latin American counterparts. It was also one of the few property markets that didn´t decline in that time – but that doesn’t mean Colombia will be unscathed during the next financial crisis.
guestGood day to all Expats: I recently had an appraisal of my property in Santa Marta (land only). I used an independent "Valuador" recommended by a bank I use here in Santa Marta, to do the Avaluo. Resulting estimated price was FAIR but below what i would be willing to sell for, but it is a value accepted by a bank, in case I need one.. Cost was $460,000 COP
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Expats in Colombia discuss the pros and cons of living in Colombia. From the Colombian people to driving to taxes and more. As challenging as it can be, expats in Colombia clearly find that there is a lot to love about a country that is a surprising expat hot spot.
Colombia Forum
Meet other expats and talk about living in Colombia.
Here are the 9 best places to live in Colombia according to expats living in Colombia. Expats share why they love living in each city, the climate, cost of living, social activities and more. Don't overlook the comments about heat and humidity in some coastal cities - while these conditions are ideal for some expats, they're oppressive for others.
Our guide to healthcare in Colombia covers public and private healthcare in Colombia, hospitals, vaccinations, prescription medications and more.
With its bustling cities, beautiful beaches and friendly Colombians, Colombia is an increasingly popular destination for expats of all ages. Expats in Colombia offer insightful tips for those moving to Colombia.
Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Colombia.
Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Colombia.
Colombia is an up-and-coming expat destination. With it's low cost of living, and wonderful people, Colombia has a lot to offer.
Here are the best places to live in Medellin, Colombia, based on the recommendations of expats that already live there. There are options for a variety of budgets in this now popular destination in Colombia.
Expats in Medellin enjoy a far lower cost of living than in major cities in the United States, Canada, and the United Kingdom. However, work is scarce and low pay unless you are transferred there by a large company, so you'll need an established income stream to make it as an expat in Medellin.
Expats in Colombia have taken full advantage of this South American nation's miraculous comeback after decades of chaos. Digital nomads have also found there way to Medellin, its second largest city, for a wide variety of reasons.
Expats in Colombia face unique and inconsistent challenges in managing their finances, and that means persistence is needed. Here are some basic tips from expats living in Colombia - their insights are based on their actual experiences managing their finances while living there.
If you're moving to Colombia, read these tips from expats living Colombia. From what to bring to Colombia, hiring a lawyer for visa issues, buying vs. renting, health insurance and hospitals, the frustrations of using Amazon in Colombia and more.
Expats in Colombia share experiences with the Colombian healthcare system. Tips cover EPS, quality of medical care, hospital stays and more.
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