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The Global Properties website boasts over options of properties for sale in Bolívar, Colombia, sourced directly from reliable real estate agencies and developers. Interested buyers can effortlessly explore suitable listings in Bolívar or real estate in Colombia as a whole. They can review all the details: characteristics, pricing, layouts, descriptions, etc. After shortlisting options, they can contact sellers directly via phone or private messaging to obtain more details about the investment real estate in Bolivar.
- Average selling price: 380 million Colombian pesos (around USD 92,000)
- Average market price per m²: 3.1 million Colombian pesos (around USD 750/m²)
- Minimum cost: 160 million Colombian pesos (around USD 1)
- Most expensive option: 5 billion Colombian pesos (around USD 1.2 million)
Over the last year, the average price has increased by 4.9%.
- Minimum area: m²
- Average area: 70 m²
- Maximum area: 400 m²
Foreign nationals seeking to obtain a Colombian residence permit can achieve this by investing in accommodation. The minimum investment amount required is 650 times the current legal monthly minimum wage, which currently equates to approximately USD 175,000. Meeting this investment criterion enables the investor and their immediate family members to qualify for Colombian residence visas.
It's important to note that the investment must be in the form of purchasing real estate in Bolivar, such as:
- Apartments
- Houses
- Commercial spaces
The house or building must be registered under the investor's name and the investment amount must be sourced from funds originating outside of Colombia. Upon completing the necessary legal procedures and providing the required documentation, the investor and their family will be granted temporary residence permits, which can later be converted to permanent residency after a specified period.
Property in Bolivar
Bolívar is a coastal department located in the northern Caribbean region of Colombia, renowned for its rich colonial heritage and vibrant cultural tapestry. The department's capital, Cartagena de Indias, is a true jewel, boasting a UNESCO World Heritage-listed Old Town that captivates visitors from around the globe with its impeccably preserved fortifications, colourful colonial architecture and charming plazas.
Beyond the city of Cartagena, properties in Bolivar, Colombia, are plentiful, offering options to cater to a wide range of preferences and budgets. From luxurious beachfront properties along the Caribbean coastline to inland residential areas, the department presents opportunities for both residential and investment purposes. Whether you seek a historic colonial-style home in the heart of Cartagena's Old Town, a modern and amenity-rich apartment in one of the city's trendier neighbourhoods or a secluded beach villa nestled along the pristine shores, the region’s market offers something for everyone.
Property prices in Bolivar are relatively average compared to houses in Colombia (in other regions and districts of the country). The cost of property in Bolivar provides options for any budget.
Reasons for investing in property in Bolivar
The district presents a compelling investment case, driven by a multitude of factors that make it an attractive destination for both domestic and international buyers. Firstly, the department's booming tourism industry, particularly in the iconic city of Cartagena, has fuelled a strong demand for holiday homes, rental properties and investment opportunities catering to the ever-growing influx of visitors.
Furthermore, the allure of coastal living and the region's idyllic Caribbean climate have drawn numerous individuals seeking permanent or part-time residence in this tropical paradise. The department's rich cultural heritage, exemplified by its UNESCO-listed Old Town and colonial architectural marvels, adds unparalleled charm and historical significance to the offerings of real estate for sale in Bolivar.
Significantly, properties in Bolivar for investment remain relatively affordable compared to other apartments in Colombia. Furthermore, the burgeoning expatriate community and rising foreign investment in the area have bolstered the stability and potential growth of the local market.
Bolívar's real estate market is flourishing, driven by a confluence of factors that make it an appealing destination for investment. Here are some key reasons to consider:
- Booming tourism industry: Cartagena, the crown jewel of Bolívar, is a major tourist hotspot, attracting visitors worldwide to its UNESCO-listed Old Town and stunning Caribbean beaches. The steady influx of tourists has fuelled strong demand for holiday rentals, investment properties and second homes;
- Coastal living and Caribbean climate: Bolívar’s prime location along the Caribbean coast offers the allure of a tropical lifestyle, complete with pristine beaches, warm weather and a laid-back atmosphere, an irresistible draw for many prospective buyers seeking a permanent or part-time residence in paradise;
- Rich cultural heritage: The department's colonial history and architectural marvels, epitomised by Cartagena's Old Town, add unparalleled charm and cultural richness to the real estate offerings, making them incredibly sought-after by discerning buyers;
- Growing expatriate community: Bolívar, particularly Cartagena, has witnessed a steady influx of foreign residents and retirees, creating a thriving expatriate community. This trend not only drives demand for real estate but also contributes to the area's cosmopolitan vibe and amenities catering to international buyers;
- Foreign investment: Bolívar’s real estate market has attracted significant foreign investment in recent years, fuelled by its promising growth prospects, stability and favourable regulations for foreign ownership. This influx of capital has further bolstered the local real estate sector.
Buying real estate in Bolivar
Our platform showcases an extensive range of properties available for purchase in Bolívar. With user-friendly search tools, you can effortlessly browse through listings of flats, houses, villas and more, tailoring your search to specific areas or desired amenities. Whether you’re in search of a charming colonial-style home in Cartagena's Old Town, a modern beachfront condo or a spacious family housing in quieter suburbs, our comprehensive inventory caters to diverse preferences and budgets. Explore our regularly updated database to find your ideal house in the Bolívar department.