99% of what you need to know before buying real estate in Colombia

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THE COLOMBIAN PROPERTY MARKET IN 2024

If you're thinking about buying property in the Gateway to South America, there are a few things you should know about the market.

Skip the lengthy 100-page reports filled with complex words, old info, and unsupported opinions. This document is different. Data is fresh and presented in easy words, useful graphs, and engaging charts.

After just 20 minutes of reading, you'll know more than 95% of people considering property investment in Colombia.

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PRICES, RENTS AND YIELDS IN COLOMBIA IN 2024

What's the price range for a 2-bedroom flat in Bogotá? Where can you find the best yields in Colombia? How much rental income can you expect in Medellín?

This report will give you solid answers, using data sourced from our analysis of over 2,400 properties that have been available on the market. Then, you will know what you can expect when you're hunting for properties.

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ANALYSIS - IS NOW A GOOD TIME TO BUY?

Is it a wise choice to invest in property in Colombia? While some might support it, your Colombian friends might have reservations. Remember, opinions can vary and aren't always well-founded.

In this document, we take the last notable trends in Colombia (prices, yields, inflation, political climate, investor confidence, etc.) and tell you what they mean. Then, you can decide to go ahead or not.

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ANATOMY OF A GOOD / BAD PROPERTY DEAL

Did you check out a property you're thinking of buying? Not sure if it will make a good investment? Well, it's actually not too hard to determine.

Bad investment decisions in Colombia always seem to follow the same pattern. But if we analyze certain key factors, we can easily determine if an investment is likely to fail or not. Wondering what to pay attention to? This document has all the answers for you.

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THE FULL BUYING PROCESS, STEP BY STEP

Do you need a notary or a lawyer? When do we give the deposit in Colombia? How do you ensure proper property ownership? Are there any particularly error-prone stages?

From the start of your property search to the moment you obtain the keys of your property, this document will be your go-to guide. Use it frequently to double-check every important aspect to ensure nothing is overlooked and that everything is progressing as it should.

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25 CONTACTS TO BUY A PROPERTY IN COLOMBIA

The right people can make you save time and money. With that in mind, we've compiled a complete list of contacts you'll find indispensable while buying property in Colombia. From A to Z, we've got you covered.

Inside this document, you'll have access to: Colombian real estate agents, property listing websites, Colombian real estate lawyers, property insurance agents, property managers, moving companies, and even expat communities in Colombia.

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WHAT YOU NEED TO CHECK BEFORE BUYING

Navigating complex property titles, unfamiliar property laws, and overlooking local taxes... people often encounter challenges when purchasing property in Colombia.

Without knowing the legal and cultural landscape well, it's easy to fall into common traps that have led many to regrettable financial outcomes. Don't be another one.

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ALL THE DOCUMENTS AND WHAT THEY MEAN

Do you understand the purpose of a 'Matrícula Inmobiliaria' in Colombia? Do you know the steps involved in obtaining a 'Certificado de Tradición y Libertad'? What is the significance of the 'Avalúo Catastral'?

Our team has reviewed all the documents you'll encounter when dealing with property – whether you're buying, renting, selling, or living in one. Each document is explained briefly: its purpose, when to use it, who provides it, and key things to be cautious about.

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WHERE AND HOW TO GET A MORTGAGE AS A FOREIGNER

You might know it already. Traditional financing, such as mortgages or loans, is generally not available to foreigners.

Before they can even be considered for a mortgage, foreigners must obtain residency in Colombia and typically reside in the country for several years.

However, if you ever want to take this road, here are some useful tips.

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HOW TO RENT OUT QUICKLY

Renting out your place fast in Colombia? Learn how locals typically handle it.

You might not know where to find tenants fast, how to set the right rent, or what to put in the rental agreement.

Here are some useful tips, with insider knowledge, that will help you save time and money.

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FOCUS ON ANTIOQUIA

If the picturesque charm of towns like Guatapé and coffee region landscapes enchant you, enjoying Colombian arepas is a pleasure, and you appreciate a blend of cultural richness and natural beauty, Antioquia might be for you.

This report offers solid facts and data about this place: neighborhood analysis, yields, rentals, budget-based options, market strategies, and pitfalls.

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FOCUS ON CARTAGENA

If the historic walled city and Caribbean coastline captivate you, indulging in Colombian ceviche is a treat, and you appreciate a blend of cultural richness and tropical allure, Cartagena should be your target.

Uncover the city's advantages and disadvantages, projected yields, insights into the short-term rental market, prime locations for competitive prices, etc.

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FOCUS ON MEDELLÍN

If a blend of urban innovation and vibrant local culture intrigues you, savoring Colombian arepas is a delight, and you appreciate a mix of modern transformation and a dynamic arts and music scene, Medellín is the place to be.

After reading this report, which will take you around 20 minutes, you'll have 95% of the knowledge you need to make the right choice about investing in property in Medellín.

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FOCUS ON BOGOTA

If a blend of high-altitude urban life and cultural vibrancy intrigues you, savoring Colombian coffee is a delight, and you appreciate a mix of modern cityscape, historic neighborhoods, and Andean heritage, Bogotá calls.

This report, like the rest of the pack, has been updated with fresh information and inside knowledge. To be clear, it took us a while to gather all the details. But we've organized it neatly so you can easily get all the info you need. Have a nice read!