Home Property in Colombia
How to buy a house in Colombia?
Here you will find the detailed information about real estate purchasing in Colombia:
- the right way to choose the property and to effect the deal;
- property taxes and duties that should be paid;
- everything about home loans in Colombia;
- home property management and renting;
- rental, commercial properties and related investment properties.
Real estate for sale
Most recent offers from house owners in Colombia and from real estate agencies. Advertisements with the fixed price and auctions are listed here.
You can leave a comment and give advice to other visitors planning to buy a home in Colombia.
In recent years, real estate values rapidly Columbia soared . Real estate in the fifth largest city in this Latin American country Cartagena rose by 300%. Real estate, situated in the historic part of the city , has long been bought up by foreign investors . Moreover, even apartment buildings being built in the suburbs , sold out already in the process of construction.
Cartagena - this is the most rapidly developing real estate market in Colombia. Recent years, there is an active construction , the city is saturated with investment capital . The historic center of the city is replete with old buildings , erected in the colonial style . To the north of the high-rise apartment buildings are located adjacent to the beautiful beach.
In 2010, it was noted a slight drop in sales of residential real estate in this market. However , the value of local real estate remains stable. In many ways, this is due to lack of land allocated for construction. In addition, there is a cost factor for maintaining , as a limited number of objects that fall in the market of sale. In Cartagena simultaneously sold no more than 30 historical buildings.
The cost of housing in Cartagena is one of the highest standards of all of South America. Square meter of residential real estate located in the historical part of Cartagena is worth at least $ 2,300 .
The main buyers of real estate in Colombia
As analysts of the Colombian real estate market , the main buyers of property in Cartagena are the Americans , in second place are the Spanish and then the Italians . These buyers are more interested in real estate, situated just in the historical part of the city .
The second most popular occupied apartments located on the beach. In addition, in Cartagena lives many wealthy Colombians , who also make up a certain proportion of the buyers expensive residential real estate.
Buying Property in Colombia
Free purchase real estate in Cartagena available to foreigners. According to experts, the costs involved in the purchase of local housing in the order of 2.5% of its value. This figure includes the services of a notary, accounting for up to 0.5% sales tax and registration fee.
With regard to credit conditions , in this country, they are extremely disadvantages . The interest rate is 18 %. In this regard, most real estate in Colombia bought for cash.