Buying Property in Colombia

[Lima Busy]

I just watched a Discovery channel program about possibility of giant earthquakes in the Pacific Northwest (of U.S.) - and about how unreinforced brick masonry buildings are at great risk for collapse with such quakes. Got me thinking about the building in Colombia - does anybody know if Colombia is at risk for such natural disasters, and more specifically Medellin?

Countries along the pacific coast are subject to a average of 50 or so earthquakes every year. They happen even in the Amazon region of Colombia. Most newer construction of high rises use anti-seismic construction, be sure to ask before you buy!

[Dickfer]

I just watched a Discovery channel program about possibility of giant earthquakes in the Pacific Northwest (of U.S.) - and about how unreinforced brick masonry buildings are at great risk for collapse with such quakes. Got me thinking about the building in Colombia - does anybody know if Colombia is at risk for such natural disasters, and more specifically Medellin?

[Lima Busy]

http://www.cemexcolombia.com/index.asp

[Shafty 7]

I recently got a good look at the housing market in medellin, but I don't know what to make of it.

There are literally thousands and thousands of newly constructed, in construction and land cleared for apartments and homes that are for sale in the hills ringing the city right now.

I have never seen that much new construction in one city at one time outside of vegas.

I personally witnessed that two different properties in the - just breaking ground on construction - phase were over half sold already with move in times not estimated until april 2007.

I don't know if this means its time to jump in while there is lots of competition or if its time to stay out because the market is being saturated...wish I had stock in whatever company is supplying the bricks for the mostly brick and concrete construction in the area.

[Aussie Greg]

Tom 33 is right,

Find a good Attorney and thats going to cost you money, if you find one and if he´s not good then he´ll cost you more in the long run, but !!!!! then you will find out the real way and then your an expert, but by then you have already lost money.

A good Atorney, he´s in Bogota, he knows every thing, his name is Juan and his private number is 3117729472.

He will also tell you if you qualify for a Residente Visa.

HE REQUIRES MONEY UP FRONT

The Aussie.

[Fido Dido]

I agree with "Cream on Top".
What is this thread doing here on this forum?
This forum is about sex and not about buying real estate.

[Tom 33]

Actually the problem is not taxation upon sale, but taxation upon expatriation. Even without a sale, you can be fined big time for not registering with Banco de la Republica.

Find a good attorney.

[Latina Passion]

Fill out the proper forms, to bring in your investment Capital Legally! You buy property and you have no record of bringing in you money thru the proper channels, when you got ot sell it you can get hit with 50% tax on the sell price of your property!

[AddictedToWomen]

So I guess you all want me to start this thread off ?

The Aussie.

Wouldn't mind some basic information on the gotchas!

[Cream on Top]

Maybe it is connected with a FREE chica ?

Oh YES !! in this case please inform us Aussie :D !!

[Dogman2]

Here is a link for information on new apartments in Laquito. For more information, contact Olga in the sales office, she is the primary architect, and now handling sales. The sales office is in Mirador Laquito (new building that is now under construction.

http://www.poseidondelcaribe.com/

Feel free to contact me with questions, (Olga also did the remodel for my apartment in Laquito) Dogman

[Admin]

Thread Starter.