Whether you want to purchase a home for personal use or are interested in generating passive rental income, we have properties in a range of locations and budgets. Search below and discover our one-of-a-kind apartments, condos, penthouses and more.
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Can a foreigner buy property in Colombia?
With regard to property purchases, foreigners have the same rights as Colombian citizens. There are no limits on the type of property or area in which it can be bought.
Can a foreigner open a bank account in Colombia?
To open an account, you will need to book an appointment with the bank and will need to bring with you your passport, visa and Cédula de Extranjería (Foreigner Identification Card) and your address details. You will not be able to open an account without your Cédula de Extranjería.
Is Colombia a safe place to live?
In general, yes, it is safe to live in many parts of Colombia. … Living in Colombia is safer than in many other countries around the world. As a matter of fact, Bogotá and Medellín, the two largest cities in the country, rank safer than quite a few U.S. cities according to the 2018 Numbeo Crime Index.
Is it expensive to live in Colombia?
Quality housing in Colombia is very affordable for expatriates in most cities. Some Colombian cities may prove a bit too expensive for someone living alone on a $1,000 budget but $1,500 would be enough for most people to live modestly.
Can I purchase foreign real estate through my self directed IRA?
Yes, to comply with IRS rules your US accountant will need to send you the complete list of requirements. You’ll need a Colombian company setup in the same name as your US LLC which can then acquire the Colombian assets.
What are the closing/legal fees associated with buying real estate in Colombia?
As a general guide you can expect to pay 1.3% – 1.5% in closing costs associated taxes and notary fees, and anywhere between from $1,000 – $2,000 USD in legal fees depending on the transaction.