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Real Estate Market Overview
Avg. Price / Sqm
$1,200 - $2,500 USD
Rental Yield
6% - 9% (Strong short-term rental market in Medellín)
Foreigners have the same rights as locals to buy property. No special restrictions apply. Investment can qualify you for a Resident Investor Visa.
Registration Tax: 1.67%. Notary Fees: 0.3-0.4%. Legal Fees: 1-2%. VAT: 19% (on new properties only).
Investment of ~350 minimum monthly wages (approx $100k-$130k USD) qualifies for a Migrant (M) Visa.
Very difficult for non-residents to obtain local mortgages. Cash purchases or developer financing are standard.
Negotiate price and terms verbally.
Sign a 'Promesa de Compraventa' and pay deposit (usually 10-30%).
Conduct title study (Estudio de Títulos).
Sign the public deed (Escritura Pública) at a Notary.
Pay remaining balance and taxes.
Register the deed at the 'Oficina de Instrumentos Públicos'.
City of Eternal Spring, digital nomad hub, El Poblado and Laureles districts.
Historic walled city, Caribbean coast, high tourism demand.
Capital city, business hub, cooler climate, diverse neighborhoods.
Coastal city near Tayrona Park, emerging market with lower entry prices.
Market indicators across different countries in Latin America.
| Country | Avg. Price / Sqm | Rental Yield |
|---|---|---|
Mexico | $1,500 - $4,000 USD | 5% - 8% (High demand in coastal areas) |
Colombia | $1,200 - $2,500 USD | 6% - 9% (Strong short-term rental market in Medellín) |
Argentina | $1,800 - $3,000 USD | 3% - 5% (Lower due to economic volatility, but improving) |
Panama | $2,000 - $3,500 USD | 5% - 7% (Stable dollarized economy) |
Brazil | $1,500 - $4,000 USD | 4% - 7% (Varies significantly by city) |
Peru | $1,600 - $2,800 USD (Lima) | 4% - 6% |
Uruguay | $2,500 - $4,000 USD (Punta del Este) | 3% - 5% (Stable market) |
Paraguay | $800 - $1,500 USD (Asunción) | 6% - 9% (Emerging market with high growth) |
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