A recent survey placed Colombia on top for affordable housing in a list of 20 Latin American property markets; however, the country has so much more to offer than cheap properties. With the dollar performing well, investors are looking at Colombia to invest their money. An increasingly safe and economically strong country, the demand for Colombian housing is rising. Here are a few reasons why Colombian land could be a wise investment.
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Diverse Lifestyles in Colombia
Cities such as Cali, Medellin and Bogotá offer something for everybody. There are neighbourhoods and properties to suit every income bracket, from rural slums to high end, gated communities and everything in between. This means that no matter what kind of property you invest in, you can be sure to have buyers waiting.
The wealthy come to experience the warm climate and idyllic beaches, while lower-income immigrants come in search of more affordable living. With such a broad range of buyers available, Colombia offers something for every kind of investor.
A Type of Climate for Everyone
Located just north of the equator, Colombia boasts year-round sunshine and consistent heat. Coastal towns can also avoid the humidity of the tropical jungle, meaning that it is less humid than other areas of South America. If you are interested in weather that is a little more chilly, you can find more manageable temperatures in Bogotá and in other parts in the subtropical highland climate.
The landscape also allows for a diverse living situation, from beachside huts to small mountain villages. This offers a variety of climates to suit the needs of many buyers, increasing the size of the property market.
The weather and location mean that properties are in particular demand in the holiday season. Wealthier buyers will want to purchase properties for both the summer – when they take longer vacations – and the winter – when they want to escape the cold.
Colombia´s Strong Economy
With the fourth largest GDP of any Latin American country, Colombia has a strong enough economy to encourage investment. This also means that there is plenty of quality infrastructure, making the country attractive to buyers.
With enough money in circulation, getting a mortgage approved shouldn’t be too difficult. There are a range of mortgage options for seniors due to a strong interest in the area from retirees. With wealthy expats looking to move to the area, the economy continues to grow.
Biz Latin Hub can assist you doing business in Colombia
At Biz Latin Hub, we provide integrated market entry and back-office services throughout Latin America and the Caribbean, with offices in 17 major cities in the region, including Colombia’s capital Bogota and popular tourist and investment destination Cartagena.
Our portfolio includes accounting & taxation, register formation, due diligence, hiring & PEO, and corporate legal services. Our unrivaled regional presence means we are ideally placed to support multi-jurisdiction market entries and cross-border operations.
Contact us today to find out more about how we can assist you.
If you found this article of interest, you may want to check out the rest of our coverage of this South American country. Or read about our team and expert authors.
Looking for more reasons to invest in Colombia? Check this video out to explore other investment options you might be interested in.