Real Estate in Cartago, Colombia
Last updated on Jan 01, 2023
Summary: The average cost of a nice 2 bedroom home in Cartago, Colombia is around $100,000 USD. These properties typically include a living room, kitchen, two bedrooms, and one or two bathrooms. Amenities may include a balcony, terrace, garden, and/or parking space. The average cost of a nice 3 bedroom home in Cartago is around $150,000 USD. These properties typically include a living room, kitchen, three bedrooms, and two bathrooms. Amenities may include a balcony, terrace, garden, and/or parking space. Foreigners are allowed to own property in Cartago. However, they must obtain a foreign investment certificate from the Colombian government in order to do so. The best way for an expat to search for a home to buy in Cartago is to use a real estate agent or search online. It is also important to research the local market and neighborhoods to find the best deals. The most desirable neighborhoods in Cartago are El Centro, La Estrella, and El Carmen. These neighborhoods offer a variety of amenities, including parks, restaurants, and shopping centers. They are also close to the city center and have easy access to public transportation.
How do I find a place to live in Cartago?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Several American friends live in the Cartago-Cerrito-Alcala-Quindio areas. Just outside Cartago is a paradise. The Cerritos or Quindio areas i think is one of the best places in the world to have a good life. A little bit expensive but you can have great choices from $100k to $300k. Several acres, swimming pool, everything you did not have in the USA. or if you want you can buy a house in El Prado neighborhood for $70k. Fantastic," explained one expat living in Cartago, Colombia.
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What is a typical expat home or apartment like in Cartago?
"Expat homes and apartments in Cartago are typically modern and comfortable. Many of them feature open-plan living areas, with plenty of natural light and large windows. The kitchens are usually well-equipped with modern appliances, and the bathrooms are often fitted with modern fixtures. Expat homes and apartments in Cartago also tend to have plenty of outdoor space, with balconies, terraces, and gardens. The city is known for its pleasant climate, so many expats enjoy spending time outdoors in their homes," remarked one foreigner who made the move to Cartago.
"I have a US $70,000 home I found and fell in love with. This home in the Gig harbor area in WA will cost $600,000. Some expats buy homes in more expensive areas out of town for US $120,000 with swimming pools and entertainment areas," explained one person living in Cartago, Colombia.
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What is the average cost of housing in Cartago?
If you are thinking about moving to Cartago, cost of living in probably a key consideration. Expats commented about the cost of housing:
"One dollar in the area will buy the equivalent of $9 dollars in the USA. I have a car if I want to drive, however at less than US$1 for a taxi ride in town, I prefer for them to pick me up. You can live in Colombia on US $2000 with a maid cleaning, cooking. I travel to the coast for six days for US $500. I live like a king," said one person in Cartago.
"Equivalent housing to the USA, what cost in Seattle $6 dollars, cost $1 in the area. take your pick. A $1.2 million home in Seattle costs $200,000. A $500,000 dollar home about $80,000," said one expat who made the move to Cartago.
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Should I buy or rent a home in Cartago?
If you have not spent a lot of time in Cartago, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Cartago can be a great investment. The city is known for its low cost of living and its beautiful scenery. The real estate market is also relatively stable, making it a good option for those looking to invest in property. Renting a home in Cartago can also be a great option for those who are not ready to commit to buying a home. The city has a wide variety of rental options, from apartments to houses, and the cost of living is still relatively low. Ultimately, the decision to buy or rent a home in Cartago will depend on your individual needs and financial situation," explained one expat living in Cartago, Colombia.
What do I need to know when buying property in Cartago?
When we asked expats what advice they would give a foreigner before buying a property in Cartago, they said:
"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Cartago, including any taxes or fees that may be applicable. 3. It is important to have a clear understanding of the local infrastructure and amenities available in the area, such as transportation, schools, and healthcare. 4. It is important to have a clear understanding of the local zoning laws and regulations, as well as any restrictions that may be in place. 5. It is important to have a clear understanding of the local crime rate and safety concerns in the area. 6. It is important to have a clear understanding of the local economy and job market, as well as any potential risks associated with investing in the area. 7. It is important to have a clear understanding of the local culture and customs, as well as any potential cultural barriers that may exist. 8. It is important to have a clear understanding of the local climate and weather patterns, as well as any potential risks associated with living in the area," wrote one expat who made the move to Cartago.
Are foreigners allowed to own property in Cartago?
When we asked expats what advice they would give a foreigner before buying a property in Cartago, they said...
"Yes, foreigners are allowed to own property in Cartago. According to the Colombian Constitution, foreign citizens and companies are allowed to own real estate in Colombia, including in Cartago. However, foreign citizens must obtain a visa in order to purchase property in Colombia. Additionally, foreign citizens must register the property with the Colombian National Registry and obtain a tax identification number in order to complete the purchase," wrote one expat who made the move to Cartago.
What appliances are typically included in a rental?
We asked foreigners in Cartago what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Cartago typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, dishwasher, and air conditioning unit. Depending on the property, additional amenities such as a dryer, water heater, and security system may also be included," explained one person living in Cartago, Colombia.
Additional Information about Searching for a Home in Cartago:
We asked foreigners in Cartago what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Cartago by looking online for real estate listings, contacting local real estate agents, and asking for recommendations from other expats who have already moved to the area. Additionally, expats can attend open houses and visit neighborhoods to get a better sense of the local housing market," said one foreigner living in Cartago, Colombia.
About the Author
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.
- What do I need to know before moving to Cartago?
- What is a typical expat home or apartment like in Cartago?
- What is the average cost of housing in Cartago?
- How do I meet people in Cartago?
- What do I need to know before retiring in Cartago?
- What should I pack when moving to Cartago?
- Where should I setup a bank account in Cartago?
- Will I be able to find a job in Cartago?
- What is life like as an expat in your area?
- What do people like (and dislike) about Cartago?
- What type of social life can someone expect in Cartago?
- What is the social scene like in Cartago?
- What advice to expats in Cartago have about housing?
- What are medical services in Cartago like?
- Are healthcare and health insurance expensive in Cartago?
- Is the cost of living in Cartago high?
- What are the visa & residency requirements in Cartago?
- Why do people move to Cartago?