Real Estate in Medellin, Colombia

"One of the best ways to find a place to live in Medellin is to use online resources such as Airbnb, Craigslist, and local real estate websites. Additionally, you can also contact local real estate agents who can help you find a place that meets your needs. Additionally, you can also ask friends and family who live in the area for recommendations. Finally, you can also look for postings in local newspapers and bulletin boards," explained one person living in Medellin, Colombia.

"Found Medellin from a friend - climate is perfect 75 days, 65 nights for sleeping(other cities climate can be much colder), good infrastucture equal to USA (drinkable water - no bottled water, low cost hydroelectric, same voltage - no convertor, natural gas in ground) and products / services (from USA, we are very accustomed to finding everything we want) and the people are very friendly / helpful Find a good English speaking real estate agent (Andrew - Apartments Medellin) because they will generally understand also more of your needs. The local agents tend to help their friends and do not show what you will want (no MLS services here). Look for US designed and constructed housing or you will miss all your conveniences (from experience)," said one expat in Medellin.

"Look for US designed and constructed condos - real estate values here are appreciating rapidily (similar to Panama 10-15 years ago) and dollar is falling so NOW is a good time to invest here (do not waste money on rent) US style housing is NOT common here - typical housing is more european (my 1st apartment) with smaller box rooms and closed in feeling, miss the US kitchen and bath design including appliances in typical housing here (my new condo is US design and is good), much construction here is NOT equal to US standards (no inspection process) and could require much money for repairs," said one person in Medellin.

"Expat homes and apartments in Medellin are typically modern and comfortable, with plenty of natural light and airy spaces. Many of the apartments come with balconies or terraces, offering stunning views of the city and surrounding mountains. The apartments are usually equipped with all the necessary amenities, such as air conditioning, high-speed internet, and modern appliances. The neighborhoods are usually safe and secure, with plenty of restaurants, cafes, and shops nearby," remarked one foreigner who made the move to Medellin.

"The cost of housing in Medellin varies depending on the area and type of property. Generally, the average cost of a one-bedroom apartment in the city center is around $500 to $700 per month, while a three-bedroom apartment in the suburbs can cost around $800 to $1,000 per month. Prices for larger homes and luxury apartments can be significantly higher," said one expat who made the move to Medellin.

"Costs are MUCH lower as average wages are US$300 / month. With $500 / month, you can live like a king - Utilities $100 (no heating or cooling required), health $50 max with insurance and co-pay, food $250 (buy local grown/made products), other $100 for restaurants ($5 dinner), taxi $5 or bus / metro $0.65 / trip. Housing starts at $100k for good quality US style design - do not waste money on rent as real estate is a good investment here," explained one foreigner living in Medellin, Colombia.

"We knew we had come to stay for several years or more. So we rented an unfurnished apartment. Some friends referred us to locals and the process was very easy. We bought a few things new like mattresses, TV and recliners, but all the rest of the furniture was used and we got some bargains. We had to buy lots of accessories, and those cost more than we counted on, but we have them now and they aren't going anywhere. In 3+ years, we have had 5 different homes. We could not have had all our adventures if we had purchased a home," remarked one foreigner who made the move to Medellin.

"1. It is important to research the area you are interested in buying property in, as different neighborhoods have different characteristics and prices. 2. Make sure to hire a reputable lawyer to help you with the legal aspects of the purchase. 3. Consider the cost of living in the area, as well as the availability of public transportation, schools, and other amenities. 4. Be aware of the local taxes and fees associated with buying property in Colombia. 5. Make sure to get a survey of the property to ensure that it is in good condition and that there are no outstanding debts or liens on the property. 6. Be aware of the local customs and laws regarding property ownership and rental agreements. 7. Consider the safety of the area, as well as the potential for future appreciation of the property," explained one person living in Medellin, Colombia.

"Yes, foreigners are allowed to own property in Medellin. According to the Colombian Constitution, foreign citizens and companies are allowed to own real estate in Colombia, including in Medellin. However, there are certain restrictions in place. For example, foreigners are not allowed to own property within 50 kilometers of the border, or within 10 kilometers of the coast. Additionally, foreigners must obtain a visa in order to purchase property in Colombia," explained one expat in Medellin.

"Rental properties in Medellin typically include a refrigerator, stove, oven, washing machine, and dryer. Additionally, some properties may include a microwave, dishwasher, and other small kitchen appliances," explained one expat in Medellin.

"Expats can search for homes in Medellin by looking online for real estate listings, contacting local real estate agents, and networking with other expats who have already settled in the area. Additionally, expats can attend open houses and viewings to get a better sense of the local housing market," remarked one foreigner who made the move to Medellin.