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Real Estate in Popayan, Colombia | Expat Exchange
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Real Estate in Popayan, Colombia

By Betsy Burlingame

Last updated on Sep 16, 2024

Summary: People living in Popayan, Colombia offer advice about real estate. How do you find a home in Popayan? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Popayan?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Popayan involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a shared apartment to a private house. Next, you should research the different neighborhoods in Popayan to find one that suits your lifestyle and preferences. Some popular neighborhoods include the historic center, the northern area, and the southern area. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Popayan, such as fincaraiz.com.co, metrocuadrado.com, and olx.com.co. These websites allow you to filter your search based on location, price, and type of property. In addition to online searches, you can also contact local real estate agencies. They can provide you with listings that match your criteria and arrange viewings. Another option is to look for "Se Arrienda" (For Rent) signs in the neighborhoods you're interested in. This can be a good way to find properties that aren't listed online. Once you've found a place you're interested in, you'll need to contact the landlord or real estate agent to arrange a viewing. Be sure to ask about the terms of the lease, including the duration, the deposit required, and whether utilities are included in the rent. Finally, before signing a lease, it's a good idea to have a lawyer review it to ensure that there are no unfair terms or conditions. This can help you avoid any potential issues down the line. Remember, finding a place to live can take time, so it's important to be patient and not rush into a decision," remarked one foreigner who made the move to Popayan.

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What is a typical expat home or apartment like in Popayan?

"A typical expat home or apartment in Popayan, is often located in a safe and secure neighborhood. These homes are usually spacious, with multiple bedrooms and bathrooms, a living room, a dining area, and a fully equipped kitchen. Some apartments may come with modern amenities such as air conditioning, heating, and Wi-Fi. They are often furnished, featuring comfortable furniture, and decorated in a style that blends both local and international tastes. Many expat homes also have outdoor spaces like balconies or small gardens, offering views of the city or the surrounding landscapes. Some apartments may be part of larger complexes that provide additional amenities such as a swimming pool, gym, or communal social areas. The homes are usually close to local markets, shops, restaurants, and other places of interest, making it convenient for expats to explore the city and immerse themselves in the local culture. Despite being in the city, these homes often offer a peaceful and quiet living environment. In terms of safety, many expat homes in Popayan come with security measures such as gated entrances, security cameras, and 24-hour security personnel. Some expats may also choose to live in neighborhoods with a significant expat community, providing a sense of familiarity and community in a foreign land. Overall, a typical expat home in Popayan, Colombia, offers a comfortable, secure, and convenient living environment, allowing expats to enjoy their stay in this beautiful city," said one person in Popayan.

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What is the average cost of housing in Popayan?

If you are thinking about moving to Popayan, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Popayan can vary greatly depending on the location and size of the property. For a one-bedroom apartment in the city center, the monthly rent can be relatively affordable. However, for larger properties or those in more desirable locations, the cost can be significantly higher. It's also important to note that buying property in Popayan can be a substantial investment, with prices per square meter for apartments in the city center being quite high. Overall, while the cost of housing in Popayan can be lower than in many other cities, it's still a significant expense," said one person in Popayan.

Should I buy or rent a home in Popayan?

If you have not spent a lot of time in Popayan, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Popayan, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Popayan for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial stability in the future. However, buying a home also comes with additional costs such as maintenance, property taxes, and homeowner's insurance. It also requires a significant upfront investment for the down payment and closing costs. Therefore, if you're not financially ready for these expenses, renting might be a better option. Renting a home in Popayan offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it typically requires a smaller upfront cost and you won't have to worry about property taxes or maintenance costs. However, renting doesn't allow you to build equity and the monthly payments could increase over time. Additionally, you may have less control over your living space, as you'll need the landlord's permission to make certain changes. In conclusion, both buying and renting a home in Popayan have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor could also be beneficial," said one person in Popayan.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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