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On Global Properties, our database features around listings of properties for sale in Medellin, sourced from reliable agencies and developers, ensuring you can easily find a home in Medellin, for relocation, rental or resale.
Available search parameters include:
- Type of properties in Medellin, Colombia, available for purchase. Our database includes land plots, commercial spaces, apartments and villas;
- Size: Consider both living space and neighbourhood;
- Number of bathrooms and bedrooms, as well as the layout;
- Availability of balconies and view from the windows;
- Proximity to infrastructure facilities;
- Estrato category: Higher categories indicate safer locations;
- Availability and quality of furniture and appliances.
The specified cost of property in Medellin, along with other characteristics, is up-to-date. You can use the converter to view the amount in different currencies. Once you’ve studied the offers and chosen the best option for properties in Medellin for investment, you can promptly contact the seller via message or phone call.
- Minimum property prices in Medellin: USD 1
- Most expensive object: USD 11.8 million
- Minimum floor area: m²
- Object of largest area: 1500 m²
For long-term stays in the country and official employment, foreigners can apply for an investment visa under the following conditions:
- Purchasing properties in Medellin for investment or any other real estate in Colombia valued at USD 119,000 or more, which equates to 350 minimum wages;
- Investing a minimum of USD 221,000 in the Colombian economy, which equals 650 minimum wages.
The investor's residence permit is initially granted for 3 years, with the possibility of renewal for an additional five years. Mandatory requirements from the migration service include having health insurance, providing bank statements for the last three months and completing the property purchase transaction.
The best neighbourhoods to purchase investment real estate in Medellín are El Poblado, Laureles, Patio Bonito and the Sabaneta neighbourhood. These areas are known for their safety, convenient transport accessibility and large expat communities. If you are seeking a good country house in Colombia, expatriates should consider Envigado. It’s close to the metropolis, features beautiful colonial architecture and offers a relaxed pace of life.
Property in Medellin
Over the last 50 years, Medellín has undergone radical transformation and emerged as a promising location for investors. Envigado attracts connoisseurs of national culture, digital nomads, young professionals and those seeking to live amidst beautiful natural surroundings. Additionally, the city appeals to businessmen due to its status as a centre for industry and advanced technology.
When investing in real estate for sale in Medellin, consider the following points:
- Within the city limits, primarily apartments and commercial properties are available for sale, along with compact houses. Villas with large plots are more readily found in the suburbs or outside the metropolis;
- If the price of a property differs from the average typical for such objects, it’s important to check its location. The city’s specificity includes both affluent neighbourhoods and slums. The estrato category can determine the degree of safety, with areas rated 5 and 6 considered more secure;
- When purchasing housing, ensure the building has a reliable fence and security system. In modern complexes, owners can expect additional amenities such as a swimming pool, children's and sports grounds and gardens for walking;
- For passive rental income, it makes sense to choose housing in Medellín in El Poblado, where there are numerous restaurants and clubs. For a quieter lifestyle, neighbourhoods like Patio Bonito, Laureles, Sabaneta and Belén are more suitable.
Reasons for investing in property in Medellin
Income from property in Colombia's second-largest city can be generated in several ways:
- Renting to expats or locals on a long-term basis;
- Hosting tourist tenants for short-term rentals;
- Building (if you buy a plot) and then selling the finished house;
- Utilising commercial property for business. There are ready-made businesses on the market that can be launched after minor renovations;
- Waiting for prices to increase and earning from resale.
The easiest way is to purchase housing in Medellin and rent it out, as the rental yield in the city is one of the highest in the country at 9.15%. In this scenario, you do not need to personally engage in the search for guests, receiving payment and maintenance of the villa or apartment. These issues are handled by the management company. With the tourist flow increasing annually, choosing the right property could potentially recoup your investment within 5–7 years.
Buying real estate in Medellin
For renting and personal residence, our database offers numerous houses in Colombia on both the primary and secondary market, sourced directly from trusted developers and agencies.
To begin your search, start by determining an acceptable price, as well as a list of mandatory features. You can set a specific area, the number of bedrooms and bathrooms, as well as specify the neighbourhood where you want to buy a home or commercial space. Ensure that you review the descriptions and photos to assess the condition of the apartments in Colombia, compare features and prices and add suitable options to the comparison. Once you’ve made your choice, simply click on ‘Contact Us’ to directly message or call the seller. There are no intermediaries involved in the transaction.