Buying Property in Colombia

[DetJunky]

Short Term rental units For sale - https://www.colombiacasa.com/apartme...vTfUDAEek4Sfd0.

[Jbj64]

For what it's worth, I met with the far group and shortly with its founder in poblado. I was looking at investing in ne of their Laurles buildings. The min to get a visa was 30 k usd. I decided not to invest Only because I had a large tax bill coming in April and need some savings to live off and to stay in mde. They seem honest but to buy a house or condo / apartment they are gringo prices. I have found a local realtor and a lady the does long term furnished rentals.

I have been looking at Airbnb for long term but their cancellation policy in bad. Lose the first month rent! So I am looking at 26 day rentals then renew or move to another.

[Fun Luvr]

Thank you Fun Luvr! I've never been to Colombia, but I'm looking real hard at this country.

I've only been to Medellin, and I like it a lot. I've visited more than 30 times since 2010. The weather is pretty much the same year round, 60's at night and low 80's during the day. Most things are inexpensive. Many modern shopping malls that compare to malls in the US. To me, it is as safe as a comparable size city in the US. I plan to go there for an extended time, maybe six months, sometime soon, just to experience it on a daily basis for more than the two weeks I usually go for.

FAR was started in Medellin by an American. He has now expanded to multiple cities in Colombia, and recently to Puerto Rico. I think their real estate prices are too high, but they offer many options for investing.

[Ty Down]

LifeAFAR is a part of First American Realty (FAR), which is headquartered in Medellin (calle 10 and cra 43).

Thank you Fun Luvr! I've never been to Colombia, but I'm looking real hard at this country.

[Fun Luvr]

This Australian guy has been in Colombia for 13 years (I think that's what he said), but he does have some interesting advice on real estate in Colombia.

https://www.youtube.com/watch?v=_KY-aXre9aA

LifeAFAR is a part of First American Realty (FAR), which is headquartered in Medellin (calle 10 and cra 43).

[LifeIsABeach]

Been watching some of his videos over the last two years. He seems to be a lot more honest than Peddicord / Simon (Live & Invest Overseas). Global - What areas would you invest in? Always curious of another person's investing perspective.

It all depends what you are looking for. Investing to live in or investing for commercial uses like buying properties and renting out. To live in, you have to decide where you want to live. I know what I am looking for. Last 6 months, I made my criteria and travelled to central and south Americas, followed by a trip to South East Asia. Loved Vietnam but residency visas are too short for Americans, 1 year and leave every 3 months. Colombia has some very good residency visas. I will be getting my paperwork ready for RE residency visa. After living there for a while, I will then decide if I want to buy something for commercial use.

[Dccpa]

This Australian guy has been in Colombia for 13 years (I think that's what he said), but he does have some interesting advice on real estate in Colombia.

https://www.youtube.com/watch?v=_KY-aXre9aA

Been watching some of his videos over the last two years. He seems to be a lot more honest than Peddicord / Simon (Live & Invest Overseas).

Global - What areas would you invest in? Always curious of another person's investing perspective.

[Global00]

I stayed twice with the group he represents. The street he walks down has a very nice apartment that I have used. The diesel Colombian guy in the video is named Freddy is a cool guy. There are a lot of places in Colombia which I would love to invest in if I had the funds.

This Australian guy has been in Colombia for 13 years (I think that's what he said), but he does have some interesting advice on real estate in Colombia.

https://www.youtube.com/watch?v=_KY-aXre9aA

[Ty Down]

This Australian guy has been in Colombia for 13 years (I think that's what he said), but he does have some interesting advice on real estate in Colombia.

https://www.youtube.com/watch?v=_KY-aXre9aA

[Gimmedub]

Prices have not changed due to the dollar drop. 99.999% of Colombians earn in COP. Why would prices change for them?

Questner,

Thanks for the info, unfortunately the data compiled there ends with Q1/2015, before the most recent period of COP depreciation. Perhaps this is too early to get official data compiled.

Maybe someone had an eye on a particular property or properties for sale over a period of time and can report if and how much the selling prices have changed as the COP depreciated?

[Lucky Strike]

http://www.banrep.gov.co/en/node/29371

Questner,

Thanks for the info, unfortunately the data compiled there ends with Q1/2015, before the most recent period of COP depreciation. Perhaps this is too early to get official data compiled.

Maybe someone had an eye on a particular property or properties for sale over a period of time and can report if and how much the selling prices have changed as the COP depreciated?

[Questner]

If anyone has been tracking "for sale" prices in COP for one or a couple of properties in BOG or MDE, how have the asking prices changed over the past 6 or 12 months?

I've seen data (a few month old now) that while USDCOP appreciated from 1900 to 2400 (25% appreciation) property prices in COP only went up 7-15%.

Now USDCOP is up approximately 50% to 3000, what are the prices (in COP) for the same properties now vs a year ago?

Thanks in advance for all replies.

--L. S.

http://www.banrep.gov.co/en/node/29371

[Lucky Strike]

If anyone has been tracking "for sale" prices in COP for one or a couple of properties in BOG or MDE, how have the asking prices changed over the past 6 or 12 months?

I've seen data (a few month old now) that while USDCOP appreciated from 1900 to 2400 (25% appreciation) property prices in COP only went up 7-15%.

Now USDCOP is up approximately 50% to 3000, what are the prices (in COP) for the same properties now vs a year ago?

Thanks in advance for all replies.

--L. S.

[DetJunky]

Hello Guys.

If anyone is looking for an income producing website that is affordable to buy and also get some free action, send me an I'm.

I am marketing a few websites for sale in Colombia.

Det.

[Vitrea]

My experience in Colombia suggests that those pricing their property for sale in USD at this current time are doing so with hopes of them getting the windfall from the 60% appreciation in the dollar instead of the buyer from the USA benifitting from the increased purchasing power.

I say to hell with those sellers who are pricing in dollars for an amount equal to what they would have received in dollars a year ago. Inlation has not been much in Colombia either, so that's not a key reason. Here's the key reason: greedy seller hoping to gain USD appreciation windfall from stupid gringo.

If I were to write it, I would be less harsh with the choice of my words but I agree fully with this post. :-) Hilltopper is right on.