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Real Estate in Medellin, Colombia | Expat Exchange
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Plaza Bolivar in Medellin

Real Estate in Medellin, Colombia

By Betsy Burlingame

Last updated on Mar 08, 2023

Summary: The average cost of a nice 2 bedroom home in Medellin, Colombia is around $150,000 USD, while a nice 3 bedroom home is around $200,000 USD. These properties typically include modern amenities such as air conditioning, high-speed internet, and a fully equipped kitchen. Some properties may also include a swimming pool, terrace, and/or a garden. Foreigners are allowed to purchase property in Medellin, however, they must obtain a foreign investment certificate from the Colombian government. When searching for a home to buy in Medellin, it is important to research the area and the local market. It is also important to work with a reputable real estate agent who is familiar with the area and can provide advice on the best neighborhoods and properties. The most desirable neighborhoods in Medellin include El Poblado, Laureles, Envigado, and Belen. These neighborhoods are known for their safety, convenience, and access to amenities.

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How do I find a place to live in Medellin?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Medellin is to use online resources such as Airbnb, Craigslist, and local real estate websites. Additionally, you can also contact local real estate agents who can help you find a place that meets your needs. Additionally, you can also ask friends and family who live in the area for recommendations. Finally, you can also look for postings in local newspapers and bulletin boards," said one person in Medellin.

"Found Medellin from a friend - climate is perfect 75 days, 65 nights for sleeping(other cities climate can be much colder), good infrastucture equal to USA (drinkable water - no bottled water, low cost hydroelectric, same voltage - no convertor, natural gas in ground) and products / services (from USA, we are very accustomed to finding everything we want) and the people are very friendly / helpful Find a good English speaking real estate agent (Andrew - Apartments Medellin) because they will generally understand also more of your needs. The local agents tend to help their friends and do not show what you will want (no MLS services here). Look for US designed and constructed housing or you will miss all your conveniences (from experience)," remarked one foreigner who made the move to Medellin.

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What is a typical expat home or apartment like in Medellin?

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Plaza Bolivar in Medellin

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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