Properties for sale in Colombia

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9590 properties
$ 95 000
Discover your oasis in Citadela di Aqua, a prestigious gated community in San Jerónimo, just 40 minutes from Medellín. This exquisite 8th-floor apartment offers stunning mountain views and a...
222762017
FAQ
How to buy property in Colombia as a foreigner on Global Properties?

Finding properties for sale in Colombia is effortless with our Global Properties website, boasting over 9590 ads to help you find the perfect property based on price, features and location. We publish verified data from developers and agencies, ensuring users can make sound investment decisions.

To find a property in Bogota, Medellín or another city:

  1. Consider the features the chosen property should have, based on the purpose of the purchase, personal wishes and budget;
  2. Set the search criteria, including the area, city or region, price range, number of bathrooms and bedrooms and type of property (flat, land, commercial premises, house);
  3. Utilise sorting and comparison tools to identify the best options;
  4. Read property descriptions and study the photos;
  5. Determine when the property was put up for sale.

The primary purpose of our portal is to offer the opportunity to not only find excellent plots, villas or houses in Colombia but also to directly contact the seller without intermediaries. Therefore, once a decision is made, users can open the ‘Contacts’ section and initiate communication with the developer or agency via private messages or by phone.

Can a foreigner own property in Colombia?

Foreigners can acquire properties in Colombia under the same conditions as Colombian citizens. Colombia is one of the few Latin American countries that has no special restrictions for foreign buyers.

As per Colombian legislation, foreign nationals have equal rights to residents when purchasing various real estate objects, including residential houses, apartments, land plots and commercial properties. The only limitation is related to the acquisition of land in border areas, where obtaining a special permit is required.

How much is property in Colombia?
  • Minimum cost of property in Colombia: USD 95000 (plot)
  • Most expensive properties: USD 1.2bn (residential complex), USD 165m (condo), USD 26m (plot), USD 18m (hotel)
What is the floor area of real estate in Colombia?
  • Minimum area: m²
  • Object of largest area: 590,000 m²
How to get a Colombian residence permit when buying property in Colombia?

Under current legislation, purchasing apartments in Colombia can qualify you for an investor visa, which is nearly equivalent to a resident's residence permit. To qualify, the cost of real estate in Colombia must be at least USD 119,000 and the type, location and parameters of the property do not matter.

Another option available to foreigners is legalisation through investment in the national economy. The minimum investment required is USD 221,000 (equivalent to 650 minimum wage) for three years, with a guaranteed return.

The validity period of the investor visa is 3 years and you’ll be eligible to apply for a residence permit after 5 years. Before submitting documents to the migration service, you need to complete the procedure of re-registration of ownership, purchase a medical policy and provide a bank statement reflecting the movement of funds in the account over the last 3 months.

How to get Colombian citizenship when purchasing local real estate?

Acquiring a passport through the purchase of apartments, commercial premises, land or a house in Colombia is not feasible. You can only apply for a passport after 5 years of residence in the country with a Resident visa. Citizenship by naturalisation is granted upon successful completion of an exam, testing knowledge of history, culture and geography, along with passing a Spanish language proficiency test.

In some cases, foreigners may apply for a passport earlier:

  • After one year, individuals from Latin American countries may do so;
  • After two years, those holding a Spanish passport, spouses or partners of a Colombian citizen or individuals with a child who is a Colombian citizen may apply.
Which cities and districts in Colombia are popular among foreigners?

The most attractive locations for relocation and investment include Bogotá, Medellín, Santander, Atlántico and Córdoba. Barranquilla, Cartagena and Santa Marta are also of interest. These departments and towns boast the most developed transport and social infrastructure, including international schools, which is crucial for expats with children.

Which real estate objects are popular to move to Colombia?

Non-residents most often invest in villas, but apartments remain in demand. Detached houses are popular among foreigners with children and those who appreciate country life with all amenities. Properties in the city centre or new complexes attract digital nomads and professionals who come to the country for work contracts or to develop their businesses. Modern security systems, spacious outdoor areas and amenities such as gyms and swimming pools are highly valued.

Is the Colombian real estate market worth investing in?

Apartments, land and houses in the country are attractive investments for several reasons:

  • Property prices in Colombia are currently very favourable due to a downturn in market demand and lower construction rates, as well as inflationary processes;
  • The country is characterised by vast biodiversity, making it optimal for internal travel. After covering a short distance, you can reach a completely different climatic zone, with access to seas, mountains, plains and forests;
  • It offers the best medical care in Latin America, with inexpensive insurance policies covering a significant portion of patients' expenses;
  • The cost of living in the country is not as high as in the USA and Europe;
  • In the long term, strong market development and price increases are expected;
  • The number of expats and travellers increases every year;
  • Local authorities are making efforts to create favourable conditions for foreign investors.
Is it possible to earn on rent in Colombia?

Based on data for the first quarter of 2024, owners can earn an average of 7.24% by renting out housing for short-term or long-term leases. In successful locations, there’s an opportunity to earn up to 9-10% per annum and it’s also possible to select a property with a guaranteed yield in a new project. Regarding property management, it’s more convenient for the owner to engage a specialised company.

Property in Colombia

This country can be an excellent place to live if you choose your location wisely. Foreigners can also generate income by renting apartments to expats or locals. Buyers of investment real estate in Colombia have a variety of properties at their disposal:

  • Land plots: There are both small areas for building or cultivating crops, as well as olive groves and fruit plantations for sale, which occupy an area of 700–800 hectares;
  • Commercial properties: You can purchase a warehouse, shop or hotel to start your own business or to rent out space;
  • Apartments in buildings of various construction years are available, catering to both residents and renters. Modern complexes with security, well-maintained courtyards and other amenities are preferred;
  • Small and spacious villas located in the suburbs or outside settlements offer the opportunity to have a swimming pool, garden and even a golf course.

Reasons for investing in property in Colombia

Since 2023, there has been a slight slowdown in the rate of development and a decrease in the number of transactions for the sale and purchase of housing and land plots. This trend is associated with the inflation of the Colombian peso and internal economic processes in the state. However, for foreigners who plan to generate passive income in the future, these conditions present optimal opportunities for transactions. The price of real estate for sale in Colombia is favourable, with no difficulties in settling formalities. Additionally, when choosing an object worth over USD 119,000, there’s an opportunity to obtain an investment visa for 3 years. Other advantages of buying include:

  1. A steady GDP growth in the country;
  2. Improved security and infrastructure in the cities;
  3. The friendliness of the local population;
  4. Increasing demand for rented accommodation and growth of earnings from renting apartments, with annual incomes averaging 7.24% in the country;
  5. The possibility to transfer the principal amount via the SWIFT system;
  6. Execution of the transaction can be completed within 14 days after the final decision on the purchase.

It’s advisable to invest in country houses and apartments situated in modern complexes within safe neighbourhoods of large cities like Medellin, Bogota, etc.

Buying real estate in Colombia

Finding a property online is convenient and fast, but it’s crucial to ensure that the information is 100% up-to-date and accurate. Our portal assists foreigners in purchasing properties in Colombia for investment seamlessly: within our database, you’ll find highly liquid housing, plots and commercial spaces from top developers and agencies. Various selection tools are available, including sorting, filters, comparison options, maps displaying locations, converters, detailed descriptions and real photos manually added by our experts. Search for the best object based on your criteria and contact the seller directly through our platform.

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