Colombia

Property for sale in Colombia

Colombia borders to the northwest with Panama, to the east with Venezuela and Brazil and to the south with Ecuador and Peru.

It shares its maritime limits with Costa Rica, Nicaragua, Honduras, Jamaica, Haiti and the Dominican Republic.

If you are looking for a property for sale in Colombia we want to give a look to its real estate market the performance.

Between January and March 2018, 42,052 new homes were sold, a negative figure if we take into account that 50,043 units were sold in the first quarter of 2017. However, sales rose by 11% compared to the last quarter of last year.

Not a single sector has been spared from the economic contraction that Colombia underwent in 2016 and 2017.

The recovery is happening, although slower than expected.

You may be interested in properties for sale in Colombia and it is interesting to know that the increase in properties would depreciate the price of housing in Bogotá.

On the other hand, it should be noted that 2018 had better results, the result of more favourable economic conditions for Colombians. This premise is reflected in the construction sector which recorded an increase compared to the commercial development of the last quarter of last year.

Analyzing by city, we can see that in sales Cali has recorded the highest growth, equal to 24.1%, a record higher than that observed months ago (22.2%). In contrast, Bogotá continues as the city with the lowest growth of the sample, recording a contraction of 25.2% in April 2018, compared to the six months behind.

Before investing in property for sale in Colombia it is useful to know which are the best cities to live and invest in.

Medellín is the best city appreciated by its inhabitants, 77% think that things are going well, and compared to Bogotá, this indicator has reached 34%. On the other hand, 80% of the inhabitants of Medellín say they are proud of their city compared to 62% in Cali. Other cities that have a high degree of pride and where to invest in property for sale in Colombia would be a major deal are: Barranquilla, Manizales, Bucaramanga and Santa Marta.

The variables that are most important in assessing which are the best cities to look for property for sale in Colombia are the security or perception that citizens behave well. The best cities to live in Colombia in 2018 are: Medellín, Barranquilla, Manizales, Santa Marta and Pereira.

Medellín is a Colombian municipality, capital of the department of Antioquia, is the most populated city of the department and the second largest in the country.

Barranquilla is the second best city to live and buy property for sale in Colombia in 2018. This city is the capital of the department of the Atlantic and is located on the west bank of the Magdalena river, just a few kilometres from its mouth in the Caribbean Sea. It is an air, maritime, fluvial and communication port. Barranquilla is a city surrounded by beautiful natural landscapes, such as Bocas de Ceniza and Puerto Colombia with its historic pier and its beaches.

Manizales is the third best city to live in Colombia in 2018. It is a Colombian municipality, the capital of the Caldas department.

Santa Marta is one of the best cities to live in Colombia in 2018. This capital of the Magdalena Department, is the second oldest city in South America and is located between the Sierra Nevada de Santa Marta, with one of the highest peaks in the country , and the Caribbean Sea, has a vast network of unique ecosystems and with archaeological remains of the Tayrona culture and is very attractive due to its wide variety of fauna and flora, as well as its cultural and historical sites.