Authored by the expert who managed and guided the team behind the Colombia Property Pack
Yes, the analysis of Medellín's property market is included in our pack
Are you considering investing in Medellín's real estate market? Curious about the trends that will shape property values in 2025? Want to know how economic shifts might impact your investment?
We will lay down recent insights. Here, no guesswork, we rely only on solid data.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Colombia Property Pack
This article gives you valuable insights, but remember, it’s not and will never be investment advice. We pull data from a range of sources to provide you with the most accurate picture possible, yet we can’t guarantee complete accuracy. Markets are difficult to predict. Make sure to do your own research and consult a professional before making any financial moves. Any risks or losses are your own responsibility.
1) Rents will rise in areas with better public transportation as accessibility becomes crucial for tenants
Rents in Medellín are climbing in areas with better public transportation.
People are willing to pay more for the convenience of living near a Metro station. Back in 2023, the Medellín City Council noted a rise in property values near these stations, which naturally pushed rents higher. This isn't just a Medellín thing; it's happening in other cities too.
Take Bogotá, for example. When new Metro lines were added, neighborhoods with improved access saw substantial rent hikes. The Bogotá Chamber of Commerce documented this trend, showing how better transportation can make an area more desirable.
Research from the University of Antioquia backs this up. They found a direct link between public transportation access and rental demand. Tenants often pay a premium for the ease of getting around, making these areas hot spots for renters.
In Medellín, the Metro isn't just a way to get from point A to B; it's a game-changer for real estate. Properties near Metro stations are in high demand, and this demand is driving up rents. It's a simple equation: better access equals higher prices.
So, if you're thinking about buying property in Medellín, consider the proximity to public transportation. Accessibility is a key factor for tenants, and it can significantly impact rental income potential.
Sources: Medellín City Council, Bogotá Chamber of Commerce, University of Antioquia
2) Foreign investors will flock to Medellín's real estate as the city becomes a tech hub
Medellín is catching the eye of foreign investors as it evolves into a vibrant tech hub.
With tech startups like La Haus, which secured $135 million in funding with support from Jeff Bezos, the city is showing strong potential for tech growth. This influx of investment is a clear sign that Medellín is on the rise in the tech world.
In 2024, Georgia Tech’s Enterprise Innovation Institute will launch the Medellín Innovation and Entrepreneurship Center, further drawing in investment and talent. This center is set to be a hotspot for collaboration and innovation, making Medellín a go-to place for tech enthusiasts. Plus, the government’s "Digital Nomad" visa is attracting global talent, adding to the city's allure for foreign investors.
Medellín is also hosting international tech events, like the Colombia VC Week in May 2025, which brings together tech entrepreneurs and investors from all over. These events are solidifying Medellín’s reputation as a growing hub for tech companies. The city’s partnerships with global tech giants like Endeavor and ImpactHub underscore its commitment to boosting its tech ecosystem.
Sources: Georgia Tech, The Latinvestor, Everyplace
Everything you need to know is included in our Property Investment Pack for Medellín
3) Medellín property prices will stabilize soon creating more strategic investment opportunities
Medellín's property prices have been on a rapid rise, but now they're showing signs of stabilizing.
New construction projects are popping up all over the city, especially in neighborhoods like Envigado and Sabaneta, which means more housing supply is balancing out demand. This is helping to ease the pressure on prices, making it a good time to consider buying.
The Colombian government is also stepping in with policies to make buying a home more affordable, especially for first-time buyers. These incentives are designed to spread demand more evenly, which helps keep prices from skyrocketing.
On the economic front, Colombia's GDP is expected to grow steadily, which usually means more stable inflation rates and, in turn, a more stable property market. Buyers are becoming more cautious, indicating that the market isn't seen as a runaway train anymore.
Looking at other cities like Bogotá, we see a similar trend of moderate growth, suggesting that Medellín's market isn't unique in its stabilization. Real estate experts predict that the mix of high demand and new supply will help the market find its balance.
Foreign investors are taking a step back, which can be a sign of stabilization. However, increased rental yields are drawing in long-term investors, showing that the market is becoming more attractive for those seeking stable returns.
Demographic studies show a healthy balance between population growth and housing availability, indicating that the market isn't overheating. Local real estate agents are noticing a shift in dynamics, suggesting that the rapid growth phase is over, and interest rates are stable, making mortgages more affordable.
Sources: The Latin Investor, Nearshore Americas, The Latin Investor
4) Stricter short-term rental rules will reduce Airbnb investment profits
Medellín's new rules on short-term rentals are shaking up the property market.
In 2024, authorities discovered that over 1,700 properties were operating illegally, lacking proper registration and zoning. This crackdown means many of these properties might disappear from the market, which could reduce the number of available short-term rentals and affect potential profits for investors.
The penalties for not following these rules are no joke. If caught, property owners could face fines up to 2,000 times the legal monthly minimum wage. There's also the risk of temporary closures or even being kicked off platforms like Airbnb, adding a hefty financial risk.
Investors also need to consider the increased costs of compliance. Getting the right documentation and permits isn't cheap, and these expenses can cut into rental income. If a property is found operating without proper registration, it could face severe penalties, including closure, which would directly hit profitability.
These changes mean investors need to be extra cautious about where they buy. Properties must be in areas legally designated for tourist accommodations, or they risk being non-compliant. This adds another layer of complexity to the investment decision.
Sources: Medellin.co, Everyplace.co
5) Medellín's metro expansion will increase property values in newly connected areas
The expansion of Medellín's metro system is set to boost property values in newly connected areas.
Historically, whenever Medellín expanded its metro, property values shot up. Take the new tram line added in 2024, for instance. It not only improved connectivity but also attracted new residents, which in turn increased property values along these routes. This pattern is expected to repeat with the current metro expansion.
Living near public transportation is a big deal. Studies show that homes within half a mile of quality transit can have over 15% higher values than those farther away. With Medellín's ongoing improvements in public transportation and infrastructure, this trend is likely to continue, making properties near the new metro lines even more desirable.
Medellín's real estate market is already on the rise, with property prices climbing by 10-15% annually in high-demand areas. The metro expansion will likely make the city even more appealing and accessible, pushing property values higher. Plus, the influx of tech professionals is driving up rental prices near tech corridors, which is expected to further bolster property values in these areas.
For those considering buying property in Medellín, the metro expansion is a game-changer. It not only enhances the city's connectivity but also increases the potential for property value appreciation. As the city becomes more accessible, areas connected by the new metro lines are likely to see a surge in demand.
In short, if you're eyeing property in Medellín, keep an eye on the metro expansion. It's not just about getting from point A to B faster; it's about investing in areas poised for growth. The expansion is expected to make these areas more attractive to both residents and investors, leading to a rise in property values.
Sources: The Latin Investor, Tolj Commercial, Medellín Real Estate
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6) Foreign retirees will increasingly buy property in Medellín as the city gains a reputation for quality healthcare
Medellín is becoming a hotspot for foreign retirees looking to buy property.
One big reason is the city's stellar healthcare reputation. Colombia's healthcare system is ranked #22 globally, even beating out countries like Canada and the US. This makes Medellín a top choice for retirees who want great medical care. Plus, one of its hospitals was named among the 250 best in the world in 2023.
Retirees rave about Medellín's healthcare, often mentioning the availability of bilingual doctors. This makes navigating the healthcare system much easier and boosts their confidence in the care they receive. The city also boasts four hospitals with Joint Commission International accreditation, a testament to its high standards.
With such a strong healthcare system, it's no wonder more retirees are eyeing Medellín as a place to settle down. The combination of quality care and a welcoming environment makes it an attractive option for those looking to enjoy their golden years in comfort.
Sources: International Living, Travels with The Big Guy, Semana
7) New tax incentives for green buildings will drive eco-friendly residential projects development
New tax incentives are making eco-friendly residential projects in Medellín more appealing.
Since 2015, the Colombian government has been pushing for greener buildings with a mandatory code that includes tax breaks for using sustainable materials. This has changed how buildings are constructed, encouraging more environmentally friendly methods. In Medellín, this shift is visible with projects like the green corridor, which have reduced urban heat and air pollution, making the city more livable.
By 2023, over 20% of new buildings in Colombia were certified under the IFC's EDGE program, showing a clear trend towards sustainability. Medellín stands out in this movement, with its initiatives proving the benefits of eco-friendly construction. Developers are finding these projects not only good for the environment but also attractive to buyers.
Colombian homebuyers are increasingly eco-conscious, looking for homes that match their values. This shift in consumer preference has helped Colombia become a leader in green building certification among emerging markets. The financial sector is on board too, with banks like Bancolombia offering green bonds and lower loan rates for sustainable projects.
These financial incentives are crucial, as they make it easier for developers to invest in green technologies. The combination of consumer demand and financial support is driving the growth of eco-friendly buildings. Medellín, with its innovative projects, is at the forefront of this movement, setting an example for other cities.
For potential property buyers, this means more options for sustainable living in Medellín. The city's commitment to green building is not just about environmental benefits but also about creating healthier, more comfortable living spaces. As the trend continues, investing in eco-friendly properties could be a smart move.
Sources: EDGE Buildings, The Latin Investor, Energy Transition, Setting Mind
8) Sabaneta will draw more retirees with its quiet environment and lower living costs than central Medellín
Sabaneta is drawing retirees thanks to its peaceful vibe and lower living costs compared to bustling central Medellín.
Imagine living comfortably on a budget; in Sabaneta, average monthly expenses hover around $727, making it one of the more affordable spots worldwide. This is a big plus for retirees eager to make their savings last longer.
When it comes to housing, Sabaneta offers a sweet deal. You can snag a 1-bedroom apartment for between USD 380 and 530, while in central Medellín, like Poblado, prices jump to USD 470 – 700. This price difference makes Sabaneta a smart choice for those looking to buy property without overspending.
Retirees often crave a peaceful and safe place to settle down, and Sabaneta delivers. Known for its quieter lifestyle, it still offers all the modern amenities you need. This mix of calm and convenience is a major draw for those wanting a serene yet connected life.
Living in Sabaneta means enjoying a slower pace without sacrificing access to the essentials. The area is perfect for retirees who want to escape the hustle and bustle but still have everything within reach. This balance is what makes Sabaneta so appealing.
Sources: Living Cost, Everyplace Blog, How to Expat
Everything you need to know is included in our Real Estate Pack for Medellín
9) Eco-friendly homes will become popular as buyers' environmental awareness grows
Eco-friendly homes are gaining traction as more people become conscious of environmental issues.
In Colombia, over 20% of new buildings in 2023 were certified under the IFC's EDGE program, highlighting a significant shift towards sustainable construction. This trend is expected to grow, with more buyers seeking homes that are gentle on the planet.
Take AIANA VERDE in Medellín, for example. This 16-story building is a pioneer in sustainability, featuring vertical gardens and solar panels. These elements not only benefit the environment but also positively impact the local community, making such developments increasingly attractive to buyers.
Surveys reveal that people across various age and income groups are showing a growing interest in properties that reduce carbon footprints and utilize renewable energy. This indicates a widespread move towards sustainable living options.
Increased media coverage in Colombia has heightened awareness of environmental issues, further fueling the demand for eco-friendly homes. The Colombian government's incentives for green building practices also play a crucial role, making sustainable buildings more appealing to environmentally conscious buyers.
Sources: The Latin Investor, Exergy Global, The Madrona Group
10) Green spaces and parks will boost the desirability of nearby residential areas
Green spaces and parks can make nearby residential areas more desirable.
Take Medellín's Parques del Río Norte, for example. This park has not only beautified the area but also boosted property values significantly. Over the past 30 years, homes around this park have become more valuable, making them attractive to potential buyers. Plus, with the park's development, retail revenues in the area have soared, drawing in more businesses and shoppers.
Beyond financial benefits, green spaces like these improve the quality of life. Medellín’s green corridor project is a prime example, where air quality has noticeably improved. This means residents can enjoy cleaner air and spend more time outdoors, which is a big plus for anyone looking to buy a home in the area. The project also helps in reducing urban heat, making neighborhoods cooler and more comfortable.
Another perk of having parks nearby is the increase in foot traffic and business activity. Parques del Río Norte is expected to draw in nearly 45,000 visitors daily. This influx of people not only benefits local businesses but also adds to the community's vibrancy, making it a lively place to live.
In essence, the development of green spaces doesn't just make an area prettier; it creates a healthier and more appealing environment for residents. This is why homebuyers are increasingly drawn to neighborhoods with ample green spaces.
Sources: Green Policy Platform, Energy Transition, The Latin Investor
11) Rental yields in Medellín will rise as more digital nomads and remote workers move in
Medellín is becoming a hotspot for digital nomads and remote workers, which is boosting rental yields in the city.
In recent years, especially around 2023 and 2024, some neighborhoods in Medellín saw rental prices rise by up to 80% due to the influx of digital nomads and expats. This surge in demand for short-term rentals is a clear sign of the city's growing appeal. Medellín offers a lower cost of living compared to places like Los Angeles and Seattle, making it a magnet for remote workers.
What makes Medellín stand out is its excellent infrastructure. The city provides fast and reliable internet, which is a must-have for digital nomads. Plus, there's a vibrant community of remote workers, making it easy to connect and network. This combination of factors makes Medellín an attractive choice for those looking to work remotely.
The city has also seen a boom in coworking spaces and digital infrastructure. With numerous cafes and shared workspaces like Epicentro, Selina Medellín, and Impact Hub, digital nomads have all the facilities they need to work efficiently. This development is drawing even more remote workers, further increasing the demand for rental properties.
As Medellín continues to attract digital nomads, the rental market is poised for growth. The city's appeal lies in its ability to offer a thriving work environment at a fraction of the cost of other major hubs. This trend is likely to continue, making it a promising location for property investment.
Sources: International Living, Digital Nomad Lifestyle, Nearshore Americas
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12) Properties with shared amenities like co-working spaces will become highly desirable as remote work trends grow
Remote work is now a big part of our lives, especially in places like Medellín.
In Medellín, the city has seen a surge of digital nomads, with about 8,300 arriving each month since the digital nomad visa was introduced in 2022. This influx has naturally increased the demand for properties that cater to their unique needs.
One major need for these remote workers is flexible workspaces. Coworking spaces such as Selina and La Casa Redonda are popular because they offer affordable and flexible passes. These spaces are not just about work; they also have cafes, bars, and community activities, making them a hit with budget-conscious digital nomads.
There's a growing trend of integrating coworking spaces into residential developments. This setup not only meets the practical needs of remote workers but also creates a sense of community. People like Breon Route value the culture and community vibe in Medellín, which these spaces enhance.
Real estate market reports show that rental rates are rising for homes appealing to remote workers. This indicates a growing demand for properties with features like co-working spaces, aligning with the lifestyle changes brought about by remote work.
Properties with shared amenities, like co-working spaces, are becoming more desirable as remote work trends continue. This shift is evident in the way people are choosing homes that support their work-from-anywhere lifestyle.
Sources: Marketplace, WiFi Artists, International Living
13) Sustainable living will boost demand for energy-efficient homes.
Sustainable living is on the rise in Colombia, and it's shaping the real estate market.
By 2023, over 20% of new buildings in Colombia were certified under the IFC's EDGE program, highlighting a strong shift towards sustainable construction. This means that energy-efficient homes are not just a trend; they're becoming a standard. The Colombian government is playing a big role here, pushing for greener buildings through a National Sustainable Construction Policy. This policy is not just about reducing emissions; it also offers incentives that make these homes more attractive to buyers who care about the environment.
People in Colombia are increasingly looking for homes that are both smart and energy-efficient. In 2023, 70% of home buyers were interested in these features, showing a clear preference for modern, eco-friendly living spaces. This shift is part of a larger movement towards sustainable living, which is becoming more mainstream.
For those considering buying property in Colombia, it's worth noting that the demand for energy-efficient homes is likely to keep growing. The government's policies and consumer preferences are aligning to create a market where sustainable homes are not just desirable but expected. This trend is not just about being eco-friendly; it's also about being smart with energy use, which can lead to cost savings in the long run.
As more people become aware of the benefits of sustainable living, the demand for energy-efficient homes will likely continue to rise. This is not just a passing trend; it's a shift in how people think about their living spaces. The focus is on creating homes that are not only good for the environment but also comfortable and cost-effective for the residents.
So, if you're thinking about buying property in Colombia, consider looking into energy-efficient options. They're becoming more popular, and for good reason. With the government's support and changing consumer preferences, these homes are set to become the norm rather than the exception.
Sources: EDGE Buildings, The Latin Investor
14) Remote work will drive up property demand in Medellín's outskirts.
Remote work is reshaping where people choose to live in Colombia.
By 2023, over 80% of Colombian companies embraced remote work, giving employees the freedom to work from home or anywhere outside the office. This change means people can now live further from their workplace, opening up new living possibilities.
With this newfound flexibility, many are seeking larger homes that can accommodate a home office. While city centers offer convenience, the high demand has driven up rental prices, making the suburbs and countryside more appealing.
Medellín is catching on to this trend. The city has been enhancing its internet infrastructure, especially in the outskirts, thanks to initiatives like the Medellín Digital project. This project has made it easier for remote workers to stay connected, even in more rural areas.
Transportation is also improving, with new tram lines making it easier to commute from the outskirts. These developments are making suburban living more attractive for those who work remotely.
As remote work continues to grow, the demand for properties in Medellín's outskirts is expected to rise, offering a blend of connectivity and tranquility.
Sources: Avila Latino America, Urban Agenda Platform, The Latinvestor
Everything you need to know is included in our Property Pack for Medellín
15) Medellín's real estate prices will rise steadily as the city's economy grows
Medellín's real estate market is set for a steady rise as the city thrives economically.
Colombia's economy is on the upswing, with GDP growth expected to hit 2.8% in 2025 and 3.5% in 2026. This economic boost is largely due to strong domestic demand, which naturally sparks more interest in housing and real estate investments. As more people look to buy homes, the demand in Medellín is likely to increase, nudging property prices upward.
Urbanization is reshaping Colombia, with 83.5% of Colombians projected to live in cities by 2035. This trend means more folks will be hunting for homes in urban hotspots like Medellín, driving up demand and prices. Plus, foreign investors from North America and Europe are eyeing Colombian real estate, drawn by the country's stable growth and low inflation.
Medellín is becoming more connected, thanks to infrastructure upgrades like the expansion of its metro and cable-car lines. These improvements make the city more appealing to newcomers, especially along new transport routes, which in turn boosts property values. Medellín's growing status as a tech and innovation hub, with projects like the Medellín Innovation and Entrepreneurship Center, is also attracting professionals and increasing housing demand.
Sources: The Latin Investor, Colombia One
16) Blockchain will streamline property transactions making the process transparent and efficient
In Medellín, blockchain technology is revolutionizing real estate by making transactions faster and cheaper.
Platforms like Propy and PropertyClub are leading the charge, showing how blockchain can cut transaction times by over 30% and reduce costs by nearly 28% with smart contracts. This means buyers and sellers can close deals more quickly, saving both time and money.
One of blockchain's standout features is its ability to make transactions more transparent and secure. In recent years, blockchain's immutable ledger has significantly reduced fraud by making property records more accessible and trustworthy. This transparency boosts confidence among all parties involved, smoothing out the entire process.
In Sweden, blockchain has been a game-changer, slashing the time needed for real estate transactions from months to just days. This efficiency comes from cutting out intermediaries and automating many manual tasks, leading to significant cost savings.
Colombia is also embracing blockchain with initiatives like the "Registro de Propiedad" platform, which records and verifies property transactions. This move enhances transparency and security, integrating blockchain into the country's legal system and paving the way for more streamlined property transactions.
As blockchain continues to evolve, its impact on real estate is undeniable, offering a more efficient, transparent, and secure way to buy and sell property.
Sources: Application of Blockchain Technology in Real Estate Transactions, Blockchain In Real Estate: How It Is Transforming The Industry, Technology Industry in Colombia: 2024 Overview
17) An aging population will boost demand for accessible senior-friendly housing options
The aging population in Medellín is growing rapidly, and this trend is reshaping the housing market.
With life expectancy in Colombia now at nearly 78 years, more people are living longer, creating a larger senior demographic. In Medellín, a significant number of residents are over 60, and many are even in their 80s. This shift means that more homes need to be senior-friendly to accommodate their needs.
Many seniors prefer to stay in their homes as they age, a concept known as aging in place. This often requires homes to be more accessible, with features like ramps, wider doorways, and grab bars. The demand for such modifications is increasing as more seniors choose to remain in familiar surroundings.
There's also a growing need for healthcare and assisted living services, which often require specialized housing. Real estate trends show a rising interest in single-story homes or apartments with elevators, making it easier for seniors to move around comfortably.
Government policies are stepping in to support this demographic shift by promoting age-friendly urban planning. This includes designing neighborhoods and housing that cater specifically to older adults, ensuring they have access to the services and amenities they need.
For those considering buying property in Medellín, understanding these trends is crucial. The demand for accessible and senior-friendly housing is only expected to grow, making it a potentially wise investment.
Sources: Database Earth, NIC MAP Vision, Frontiers in Psychology
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18) El Poblado will see increased demand for smaller luxury apartments as young professionals seek modern living spaces
El Poblado in Medellín is becoming a prime spot for luxury real estate.
Medellín is now a magnet for remote workers and digital nomads, thanks to its vibrant coworking and coliving scene. This influx of young professionals is particularly drawn to neighborhoods like El Poblado, where the lifestyle is both modern and dynamic.
After the pandemic, there's been a clear move towards smaller, efficient living spaces that come with all the modern perks. These younger buyers are on the lookout for homes equipped with smart technology and energy-saving features, which are often found in compact luxury apartments.
In El Poblado, the demand is shifting towards smaller, luxury apartments as younger professionals seek out modern living spaces that fit their lifestyle. This trend is reshaping the real estate market, making it a hotbed for upscale, yet compact, housing options.
With the rise of remote work, El Poblado's appeal is growing, and the neighborhood is seeing a surge in interest from young, tech-savvy professionals who value convenience and modern amenities.
Sources: The Latin Investor, Coliving.com, WiFi Artists
19) High-end property yields will drop as the market fills with luxury developments
Medellín is buzzing with new luxury properties popping up in areas like El Poblado and Laureles.
Investors, both local and international, are drawn to the city's great lifestyle and climate, fueling this construction boom. But with so many high-end homes being built, the market is starting to feel crowded.
As the number of luxury properties rises, competition among owners heats up. This means it's getting tougher to find tenants willing to pay top dollar for these upscale spaces.
With more options available, rental prices are dropping, which isn't great news for property owners hoping for high returns. Some reports even suggest that these luxury homes are taking longer to sell, hinting at a possible oversupply.
For those eyeing a property investment in Medellín, it's crucial to consider how this market saturation might affect future yields. The city's charm is undeniable, but the numbers are starting to tell a different story.
Keep an eye on the market trends and be prepared for a shift in the luxury real estate landscape as more developments come online.
Sources: Medellín Tours, Global Property Guide
20) Aranjuez will attract investors for its high rental yield potential
Medellín's rental market is booming, especially with interest from expatriates and digital nomads.
As rental prices soar in central areas like El Poblado, investors are eyeing neighborhoods like Aranjuez for better rental yields. The central areas have become less affordable, pushing investors to seek alternatives.
Aranjuez stands out with its affordable property prices, making it an attractive option for those looking to maximize returns. The neighborhood offers a promising opportunity for higher rental yields compared to pricier central locations.
Recent infrastructure upgrades in Aranjuez have significantly improved its connectivity and accessibility. These enhancements are drawing in more residents and businesses, further boosting the area's appeal.
With these improvements, Aranjuez is poised to see a rise in rental demand, making it a hotspot for investors. The neighborhood's potential for high rental yields is becoming increasingly evident.
Investors are taking note of Aranjuez's growing attractiveness due to its combination of affordability and potential returns. The area is quickly gaining attention as a viable investment option.
Sources: The Latin Investor, Medellin Advisors, Statista
Everything you need to know is included in our Pack for Medellín
21) San Javier will see a property interest surge with metro expansion boosting connectivity
The San Javier area is set to become a hot spot for property buyers thanks to the metro expansion improving connectivity.
In Medellín, we've seen how metro expansions can boost property values. Take El Poblado and Laureles, for example. These neighborhoods have experienced significant price hikes because they're close to metro stations and other public transport options.
Looking at other cities, the trend is clear: metro expansions often lead to a spike in property interest. In Bogotá, areas with new metro stations have seen remarkable growth in property values and demand. This suggests that San Javier might follow a similar path as its connectivity improves.
Medellín’s real estate market is buzzing, especially in areas that were once hard to reach. The city's infrastructure projects, like the metro expansion, are making these neighborhoods more accessible. As a result, San Javier is becoming a prime spot for real estate investment.
Locals know that improved transport links can transform a neighborhood. With the metro expansion, San Javier is not just more accessible; it's also more appealing to potential buyers. This change is drawing attention from investors looking for the next big opportunity.
For those considering buying property, San Javier offers a chance to get in early before prices potentially soar. The metro expansion is a game-changer, making this area a smart choice for future growth.
Sources: The Latin Investor, The Latin Investor
22) City center property demand will drop as people move to suburbs for better air quality
Medellín's city center is losing its appeal as more people opt for suburban living.
One big reason for this shift is the rising pollution levels in the city. While the air quality is still considered good, with PM2.5 at 17 µg/m³ and PM10 at 38 µg/m³, there's growing concern about the long-term health effects. People are increasingly worried about how these pollutants might affect their health over time.
Health concerns are a major factor in this trend. The high levels of particulate matter and other pollutants in the city can lead to respiratory issues and other health problems. This makes suburban areas, which typically have cleaner air, more appealing to residents who are prioritizing their health and well-being.
Real estate trends in Medellín show a growing interest in suburban properties. Areas like El Poblado are experiencing lower vacancy rates compared to less central areas, suggesting a shift in preference towards suburban living. This is further supported by reports of infrastructure development in suburban regions, enhancing connectivity and accessibility, which makes these areas more attractive to potential residents.
Moreover, the real estate market trends in Medellín indicate a growing interest in suburban properties. Areas like El Poblado are experiencing lower vacancy rates compared to less central areas, suggesting a shift in preference towards suburban living. This is further supported by reports of infrastructure development in suburban regions, enhancing connectivity and accessibility, which makes these areas more attractive to potential residents.
Sources: AQI Dashboard, The Latin Investor