New homes in Colombia



Colombia Overview

Colombia is located in northern South America, and is the only nation on this continent that has coastlines on the Pacific Ocean and Caribbean Sea, which has several islands and the archipelago of San Andres and Providencia.

Colombia has about 45 million habitants, making it the fourth nation in land area in South America. Its capital is Bogota D. C.

Colombia is one of the main economic Spanish-speaking of America. It is recognized worldwide for the production of weak coffee, flowers, emeralds, coal and oil, its cultural diversity and for being the second richest country in biodiversity in the world.

Real estate investment in Colombia

The global macro economic changes have generated a strong interest in investing in Colombia.

Colombia has managed to increase foreign investment in recent years, coupled with the best safety prospect show the steady increase in exports and economic performance.

One sector that is displayed with excellent prospects for investment is the real estate market, which shows visible signs of growth since 2004.

Real estate investment in Colombia is as much to buy preconstruction projects and then sell them (once you achieve a return basis) and new building purchase property and then rent them, achieving as a benefit not only the income produced by that property, but also annual recovery or simply get the same for use and enjoyment.

Where to invest in Colombian real estate market?

Currently cities such as Bogota, Cartagena and Medellín are foci of interest for investing in commercial real estate (local offices), beach houses or buildings for temporary rental, whether new or second hand.

Bogota and Medellin move more than 65% of the Colombian economy, while Cartagena has become an icon of the country's tourism potential.

A tourist level, the Colombian coast have no weather problems now being experienced by other countries. Given the topography, Colombia becomes an interesting option for tourist homes, and is also a country with a low cost of living compared to other countries.

How to Invest in Colombia?

The law today is very clear and definite to allow foreign investment in real estate in Colombia, including also tax benefits for those who develop this activity for periods up to seven years.

It is advisable to have a real estate and financial advisor who not only know the range of real estate in Colombia, but also understand the tax and accounting issues in the country in which the investor resides, as any performance, recovery or profit generated by this investment property is subject to foreign taxes when the investment is repatriated, in addition to paying the corresponding taxes in Colombia.

Useful links

• Presidency of the Republic of Colombia (Spanish)
• Official guide for Tourism, Vacations & Holidays

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