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Foreign investors can easily find properties for sale in Santander remotely through our database of over listings. By carefully selecting developers and agencies, we offer buyers from various countries the opportunity to find highly liquid properties in Santander, Colombia, with an optimal balance of:
- Cost
- Location
- Layout and space
- Design style
- Technical equipment
- Additional options
Apartments and houses in Colombia are ideal for relocation and renting. For business purposes, you can purchase commercial properties such as shops, warehouses and hotels. Our catalogue includes plots of land for building or agricultural use. Analyse the offers and contact the seller by writing or calling to ensure you don’t miss the object you like. This will help you understand the transaction process and arrange for an inspection.
- Minimum value: USD 1 (land plot)
- The most expensive object: USD 4.5 million
- Minimum floor area: m².
- Largest floor area: 175,000 m².
If the cost of a property in Santander exceeds 350 minimum wages (USD 119,000), a non-resident can apply to the Migration Service for an Investor Residence Permit. This permit is granted for 3 years and can later be converted into a resident permit if you retain ownership of the property, abide by the law and collect the necessary documents. Initially, the visa will be issued if you provide an escritura (bill of sale), identification documents, health insurance and a bank statement for the last 3 months.
Another option for legalisation through investment is to invest USD 221,000 or more in the Colombian economy for a period of 3 years with government guarantees.
Property in Santander
As foreign buyers become more interested in purchasing real estate in Colombia, more information is emerging about promising locations outside of Bogotá and other major cities. Santander, a department located slightly north of the centre of the country, specialises primarily in agricultural activities. It grows coffee, mandarins, oranges and pineapples and is also a major supplier of tobacco, cocoa and cane sugar. The region has optimal conditions for these crops, with above-average humidity and year-round warm weather (average +16°C).
The territory is divided into 87 municipalities, grouped into 6 provinces, with Bucaramanga as the capital. While the location is not very popular among tourists, this is expected to change quickly with the improvement of infrastructure. The area boasts picturesque nature, rich natural culture, preserved ancient customs and traditional cuisine.
For those considering relocation, this department is suitable for individuals who:
- Have a dollar income or start-up capital to develop an agriculture business;
- Are interested in property located away from bustling metropolises;
- Are prepared for the fact that purchasing properties in Santander for investment will yield slower returns compared to the main tourist regions of Colombia.
When beginning your search for a property, consider the following features of the local market:
- There are not many new projects in the region, so you need to keep track of such offers and quickly respond to announcements from developers;
- When choosing a townhouse or apartment, as well as a shop or hotel to start your own business, consider the estrato, which should be in categories 5–6;
- There are fewer flats on sale than detached houses, due to the nature of the development and the small size of cities;
- Associated costs will range between 5.85% and 6.85%;
- The best chances of buying a home in Santander with the right characteristics are in cities such as Bucaramanga, Floridablanca, Piedecuesta, San Juan de Chiron, Barrancabermeja, Barichara and Los Santos.
Reasons for investing in property in Santander
Given the modest tourist flow, it may be challenging to earn a stable income from renting out accommodation. Returns are expected to be lower than the national average of 7.24%, likely around 3–4% per annum. One option is to create a retreat centre and organise tours for expats. You can either buy a ready-made house or purchase land and design and build the retreat centre yourself. Attractive points for investors include:
- No restrictions on the purchase of real estate for non-residents; lack of a residence permit will not hinder a profitable deal. After transferring ownership, legalising the property under an investment visa is straightforward;
- Formalities are resolved within 14 days; longer waits occur only in cases involving mortgages, where banks meticulously verify documents confirming the legality of income;
- The property prices in Santander are more favourable than in Medellin or Bogota, making it accessible for practically anyone to become the owner of a villa or apartment. In return, buyers can expect a large living space with a yard or a spacious balcony;
- The region is gradually but steadily developing, ensuring long-term investment success. Currently, land plots are the most liquid assets in the area.
Buying real estate in Santander
To invest in land, commercial property or a house, you need to navigate the market of real estate for sale in Santander. Our site provides reliable and detailed information about apartments in Colombia across various cities and departments. Each listing is added manually, eliminating inaccuracies. You can check prices for investment real estate in Santander, explore current options in both the primary and secondary market and directly contact the seller via phone or private messages. Utilise our filters, currency converter, sorting options, comparison tools and interactive maps to streamline your search, making it faster and more efficient.