Expat Exchange
Free MembershipSign In

Colombia Forum

1 year ago

medellin real estate

1 year ago
Generally I am leery of investing in Colombian real estate, not least the political risk in any Latin country.

I note an Expat real estate broker recently touted Colombian real estate "The primary answer is leverage. Less than 5% of the homes in Colombia have a mortgage. Therefore, there is very little pressure to sell in a recession or slowing economy.

Plus, the cost to carry is very low. Property taxes here are typically around 1% or less. HOA fees $100-200 USD per month. Also, the market is undervalued in comparison to other cosmopolitan cities worldwide while Colombians value their homes as their number one asset."

And mentioned of course the current favorable exchange rate.

Any thoughts ?

Allianz Care
Allianz Care

William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

Living in Colombia GuideLiving in Colombia Guide

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 Colombia Forum
Join our Colombia forum to meet other expats and talk about living in Colombia.

Contribute to Colombia Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Colombia.

Best Places to Live in Colombia Best Places to Live in Colombia

If you're considering a move to Colombia, here are the 15 Best Places to Live in Colombia in 2023.

Healthcare in ColombiaHealthcare in Colombia

Our guide to healthcare in Colombia covers public and private healthcare in Colombia, hospitals, vaccinations, prescription medications and more.

Cost of Living in ColombiaCost of Living in Colombia

Expats offer insight into the cost of living in Colombia.

Moving to ColombiaMoving to Colombia Guide

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.

Real Estate in ColombiaReal Estate in Colombia

Real estate listings in popular cities and towns in Colombia.

Pros Cons of Living in ColombiaPros & Cons of Living in 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.

Retiring in ColombiaRetiring in Colombia

Advice for people retiring in Colombia.

10 Tips for Living in Colombia10 Tips for Living in Colombia

If you've recently arrived in Colombia, here are 10 tips for digital nomads living in Colombia.

William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

Contribute to Colombia Network Contribute
Help others in Colombia by answering questions about the challenges and adventures of living in Colombia.

Allianz Care
Allianz Care

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal