Real Estate investing in Colombia has its perks. Properties are still a bargain compared to other parts of the world and the trend of Colombia becoming a go to destination for tourists and business alike makes it a great place to own property. The outlook for Colombia is very good with political and economic stability improving dramatically in the last 20 years.
Investing in a foreign country is often tricky, especially if you don’t have a handle on the customs, language, procedures, etc. Andes Property focuses on providing one on services to guide investors through this process to reach their property goals. Whether you are looking for a second home, vacation home, or some extra profit, Andes Property can guide you through the process from start to finish.
Advantages to investing in Colombia
Fall in the price of the peso
Low commodity prices have hurt the Colombian peso. While this may seem like bad news for Colombia, commodity prices are historically very cyclical and the down cycle offers a great opportunity for foreign investors to get properties at very discounted prices.
Properties appreciate well
Real estate in LATAM started at a very low base and has a ways to appreciate to catch up with comparable cities in North America, Europe, and Asia. Luxury properties are in high demand and there is a strong market for higher end properties and key buildings.
The constitution of Colombia protects foreign investors in Real Estate
Colombia is very pro direct foreign investment. Unlike Mexico, there are no restrictions for foreigners to own property in any part of Colombia. Foreigners essentially have the same rights as Colombian citizens over their properties.
You can get visa / citizenship out of it
Investing in Colombia has other perks. Besides a place to stay in this part of the world, buying property will help you with the visa process and investing in Colombia may entitle you to a investors visa which can be used to get Colombia dual citizenship and a Colombian passport.