Should I buy or rent a home in Armenia?

"The decision to buy or rent a home in Armenia, depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Armenia for an extended period and have the financial means, buying a home can be a good investment, as it allows you to build equity and potentially benefit from the appreciation of property values. Additionally, owning a home provides stability and the freedom to make changes to the property as you see fit. On the other hand, if you are unsure about your long-term plans or prefer flexibility, renting may be a better option. Renting a home in Armenia allows you to explore different neighborhoods and types of properties without the commitment of homeownership. It also provides the opportunity to save money for a future home purchase or other investments. Furthermore, renting can be a more affordable option in the short term, as it typically requires less upfront capital and does not involve property taxes or maintenance costs. Ultimately, the decision to buy or rent a home in Armenia, Colombia, should be based on your individual needs, preferences, and financial situation. It is essential to carefully consider your options and consult with a local real estate expert to make the best decision for your circumstances," mentioned another expat when asked about moving to Armenia, Colombia.