Buying Property in Colombia

[AddictedToWomen]

In your dreams. That may have been true in 2003, but certainly not today. With the peso at less than 1800, you would be lucky to get a very small condo for US$80K in a good neighborhood.

I am currently asking 215 million COP for a 3-bedroom condo in an older building near the center of Medellín. If that apartment was in a new building in Poblado, it would sell for about three times more.

Agreed. There's nothing in Bogotá (at least any part of Bogotá you'd want to live it) for much less than that. The market's been hot for some years now.

For instance check out:

http://contenido.metrocuadrado.com/c...ectores/6.html

and

http://contenido.metrocuadrado.com/c...2-2009582.html

The news is that transaction volumes are now falling, though this hasn't fed through into prices. If that's just a matter of time or if the Colombian market is somehow different I don't know.

Theories welcome.

[Tom 33]

If you wanted to buy a condo in the heart of a city, Medellin or Bogota, how much would it be? No more then 40,000 usd.

In your dreams. That may have been true in 2003, but certainly not today. With the peso at less than 1800, you would be lucky to get a very small condo for US$80K in a good neighborhood.

I am currently asking 215 million COP for a 3-bedroom condo in an older building near the center of Medellín. If that apartment was in a new building in Poblado, it would sell for about three times more.

[Traylor Park]

http://www.ibgcasas.com/col_listings/

[Traylor Park]

Real Estate for sale in Antioquia, sans gringo prices.

http://www.compra-venta.org/colombia...zona=Antioquia

[Traylor Park]

Anybody know some good websites listing property (apartments and penthouses) for sale in Medellin? Preferably non-gringo oriented. The kind that Colombianos would look at if they were looking online for nice properties. Spanish language ok, preferred actually.

http://www.carrosmotosybienes.com/casas_list.php

[Tjmee]

If you wanted to buy a condo in the heart of a city, Medellin or Bogota, how much would it be? No more then 40,000 usd.

[Vip Hotel]

If your looking for an exclusive property in Medellin, Colombia please check this link:

http://www.medellin-rentals.com/mede...-for-sale.html

We will be adding more Penthouses, Casas, Fincas and Apartments for sale in the near future along with a new Web-Site for Real Estate.

VIP Hotel & Mansion

[Napalm]

Thanks for the links. www.informeinmobiliario.com was the kind of site I was looking for. Just want to get an idea of what is available and what the asking prices are.

Here's a couple of other sites I found:

http://colombia.inmobiliaria.com/

http://www.cdoconstructora.com/

[Sailor2006]

www.informeinmobiliario.com

Colombian magazine with new contruction and some used apartment listing, beware prices are high, as in one month edition the same used apartment was 330 million and then 370 million in 6 months and is still not sold!

You can pick up the magazine in any supermarket.

[Sandman0011]

www.medellinpenthouses.com

Also, http://www.medellintravelguide.com/m...tlistings.html for rental apartments

Anybody know some good websites listing property (apartments and penthouses) for sale in Medellin? Preferably non-gringo oriented. The kind that Colombianos would look at if they were looking online for nice properties. Spanish language ok, preferred actually.

[Tom 33]

Anybody know some good websites listing property (apartments and penthouses) for sale in Medellin? Preferably non-gringo oriented. The kind that Colombianos would look at if they were looking online for nice properties. Spanish language ok, preferred actually.

Colombianos use the web for very little. Any web site you find would not really be geared toward them.

[Napalm]

Anybody know some good websites listing property (apartments and penthouses) for sale in Medellin? Preferably non-gringo oriented. The kind that Colombianos would look at if they were looking online for nice properties. Spanish language ok, preferred actually.

[Sandman0011]

I got a PM asking for a link to the info I posted. Here it is;

http://www.emporis.com/en/wm/ci/bu/sk/?id=101122

The big questions I have is this: is EVERYONE in? I'm not talking about individuals who are buying a house or an apartment. I'm talking about developers and major speculators who are pouring in billions of dollars.

Medellin is experiencing a building boom. As of October, 2007, there were 145 high-rises under construction in Medellín, including 29 being approved, and 25 being proposed. That is more than NY, Philadelphia and Los Angeles combined.

Rumors are running around that Wal-mart plans to open a Super Wal Mart here. Pan America just opened it's first Medellin Location. The new Centro Comercial Premium Plaza just opened, two blocks away from San Diego, Oviedo is expanding across the street with a 5 story addition.

A French casino group is expanding it's investment in Exito/Pomona.

Yeah, I'd say the big boys are "in".

[Sailor2006]

1. Finding orginal report titles is getting difficult.

2. Nobody is going to scare away anybody, the gringo invasion has begun, period.

Thank you. But I am not going to post in the forum any more since it is just too much dealing with the flamers. If you are interested in buying something I will be happy to give you some tips for free. My email address is on my web site. I want to help all the gringos move here just so it pisses off the guys on here who do not want more people in Medellin. So from now on everyone is welcome to email me directly.

The reason they attact anyone who tells people how to invest here is because they want no gringos here. Several of them are posting things just to make people scared. For instance, repatriating the money is easy as long as you do the right paperwork. They are trying to say no one has done it but many have.

[Casa Medellin]

Thank you. But I am not going to post in the forum any more since it is just too much dealing with the flamers. If you are interested in buying something I will be happy to give you some tips for free. My email address is on my web site. I want to help all the gringos move here just so it pisses off the guys on here who do not want more people in Medellin. So from now on everyone is welcome to email me directly.

The reason they attact anyone who tells people how to invest here is because they want no gringos here. Several of them are posting things just to make people scared. For instance, repatriating the money is easy as long as you do the right paperwork. They are trying to say no one has done it but many have.

Your post, which I will not quote in its entiriety, has got to be one of the most informative post I've ever read about "investing in Colombia."

Why anyone would want to attack you, instead of asking more important questions, which hopefully you would be able to answer, is beyond me.

I, for one, appreciate you valuable contribution to this topic.