Do you want to invest in property? And if you looking for properties in Latin America, then buying property in Medellin Colombia is your perfect investment destination of choice.

Medellin is a gorgeous and purest city, unlike any other in the world. Colombian people are friendly and welcoming as well as it is also known for its amazing natural sceneries and beautiful atmosphere to suit all tastes. What makes it even more attractive to the smart investor is that Medellin is a particularly affordable destination within the area and it has one of the strongest performing economies across the world.

The real estate market’s growth has increased significantly in past decades, which enhances investment opportunities. But before you decide to buy the property in the wonderful Medellin for everything it provides, these are some reasons why you should invest in the real estate in Medellin. It will help you in many ways.

Reasons for buying property in Medellin Colombia 

Medellin is a “paradise on Earth”. It offers a large inventory of high-quality properties at low current prices. Apartments and homes in Medellin are cheaper than in Costa Rica, Mexico, Panama, the Caribbean, and most parts of South America. North American retirees and investors breaking all previous records of selling properties.

The reasons below highlight why Medellin is a hot spot for property buyers and tourists around the world. 

The Weather

Medellin is commonly referred to as the “City of Eternal Spring”. The weather during spring hits differently, it will feel like heaven on earth.

The weather in Medellin remains delightful throughout the year. Flowers are mainstream throughout the city, while gardens, parks, and sidewalk cafes provide an appropriate environment to enjoy the city’s nature. The months between December to February are when most tourists visit this city to enjoy.

Famous Art Culture 

The city is also known for its prominent art culture. ‘Fernando Botero’ is from Medellin Colombia, he is one of the world’s most famous artists. There is a place called “Botero Plaza” in Medellin and it is famous for its art culture. Tourist’s main attraction is plaza and also street art is quite common in Medellin. Some of the other famous art cultures:

• Comuna 13
• Museo de Antioquia
• Design Stores
• Galleries 
• Art hotels

Infrastructure 

In less than 30 years, Medellin has changed its reputation from being the most dangerous city in the world to one of the most modern and organized cities in Colombia and entire Latin America. The transformation of Medellin into the city it is today, a safe, inclusive, and egalitarian city was slow but constant. And it was based, to a large extent, on the transformation of its organization and its infrastructures.

• Public transport between the mountains
• Medellin, green and smart
• Data and libraries to improve inclusivity

Cuisines 

Local cafes and restaurants across Medellin’s landscape make sampling Colombian specialty an easy task. There is a most famous traditional dish of Medellin and other varieties of food found across the world.

Multiple sidewalk cafes and themed cafes are located in all parts of the city besides fine dining elegant restaurants. There are also pubs and taverns for those who prefer a rugged nightlife of both drinking and eating.

Thus, this information made your mind clear that Houses For Sale In Medellin Colombia is a real investment that gives you benefits in many ways. 

Process for buying a property in Medellin Colombia

What are the required formalities and conditions for foreigners to buy properties in Medellin Colombia? All you need is a country passport as your identification, cash in place, and a bit of patience. In Colombia, the property buying process is a little different from North Americans. One of the best things about foreigners buying Colombia property is that you can get a Colombian residency visa too.

The buying process is the same for foreigners as it is for locals, the only requirements are that they are in ownership of a valid passport and the sufficient funds for the purchase. Another point that you need to understand is that if a property has been on the market for two years, you can negotiate as hard as you can and get a good deal.

There are three main steps for buying property:

• Take a Certificate of Tradition and permission after finding the right property for investment, go forward with the purchase:

One of the first steps you must take is to acquire a Certificate of Tradition and permission. This certificate is important because it contains all information about property and history of ownership records.

• Pay Taxes and Fees Involved in Purchasing Property in Medellin:

Purchasing a property in Colombia requires paying certain taxes and fees. You have to make sure that the previous owner has paid all bills and tax before buying the property. For this, you can directly obtain a tax-free property certificate and tax-free value gained property certificate from the owner. 

• Sign the public deed:

This is the final step for buying the property in Medellin. Signing the public deed and will confirm you as a new legal owner of possession.

Also Read: 5 Ways To Invest In Real Estate In 2022

Final Words

Medellin has passed away from being called “Drug lord Pablo Escobar’s” city and the “most dangerous place on Earth”. Medellin comes a long way to become peaceful heaven for its residents, and tourists around the world. To achieve that image, local strength in fighting crime and rebuilding the city’s image through public projects has played a big part in Medellin’s revival. Foreigners who buy property in Medellin Colombia will be pleased to find a vibrant cityscape that is used to warm weather, good coffee, vibrant nightlife, and unique cultural celebration through art, music, and food. 

There is a culturally rich atmosphere in Medellin, and living here will make you happier. You will always find new things to explore in Medellin from the orchestra to theatre, art, museums and fine dining, etc.

And if you are looking for a home away from home, or to ease your way out of the hustle and bustle of your working years and enjoy some relaxing time, look no further than Medellin, Colombia. It is truly the perfect place to move.