Medellin Real Estate – Zone 3

Laureles, Medellin

Zone 3 is often overlooked by foreigners searching for Medellin real estate. This is a shame actually, as some neighborhoods in Zone 3 like Laureles and Bello are really quite nice. Not surprisingly, real estate prices in Zone 3 are about 25% lower than they are in typical Gringo neighborhoods like Poblado and Enviago.

Medellin: “A Model for Cities Around the World”

Medellin, Colombia

Medellin gained even more International recognition last night as Architecture for Humanity awarded it’s annual Curry Stone Design Prize to Medellín’s Former Urban Projects Director, Alejandro Echeverri, and Former
Mayor Sergio Fajardo for their Transformative Urban Public Works Plan. The winner’s of the $100,000 prize will be announced today at the IdeaFestival in Lousiville, Kentucky.

Medellin Real Estate – Zone 2

Poblado, Medellin

Medelin real estate – Zone 2 is far and away the most upscale zone in Medellin. It is home to Medellin’s banking and hotel district, many of it’s finest Universities, several upscale malls and the famous Zona Rosa, the center of nightlife and fine dining in Medellin. Needless to say, Zone 2 is also where I have my apartment.

Medellin Real Estate – Zone 1

Parque Bolivar - El Centro

In my last post I described how Colombia real estate professionals in Medellin have found it practical to divide the city into four distinct zones. In this post I will talk specifically about Zone 1.

Medellin Real Estate – The Truth About Prices

Medellin real estate prices

This is an important topic that I thought would make an interesting post, especially for those unfamiliar with Medellin real estate and the city’s different zones or sectors. Like in any real estate market, prices for homes and apartments in Medellin are most often determined by one thing (or is it three?), location, location, location!

Colombia Real Estate Buying Process – Final steps.

Medellin real estate closing

Once the Purchase agreement has been signed by both parties and the non-refundable deposit has been transferred to the seller, the buyer usually has 30-90 days to get the remaining funds together, do due diligence and complete the final steps of the Colombia Real Estate buying process.

Colombia Real Estate Buying Process – The offer.

Purchase contract - Colombia

Once the perfect piece of Colombia real estate has been chosen, it is time for the next logical step in the buying process.

4. Making an offer and negotiating the price. This step can be complicated and uncomfortable in any county. And investors or home buyers will find the process no less so in Colombia. If your real estate professional has done his job correctly, the buyer will have a pretty good idea as to the firmness of the asking price.

Colombia Real Estate Buying Process – First steps

Colombia real estate buying process

I get emails all the time asking me about the real estate purchase process in Colombia. People often want to know about the safety of purchasing real estate in Colombia as a foreigner and what types of local bank financing are available if any. I will use my next several posts to highlight the important steps in the Colombian real estate buying process. Then, I will revisit each step in it’s own post and cover, in detail,

Is Medellin getting a new rep?

MSNBC on Medellin

I realize that for Medellin to truly become the ‘Next Panama’, major changes will need to be made in how the mainstream world views Medellin. Despite all of the transformations that Medellin has undergone over the last 10 years, many people still see Medellin as one of the world’s most dangerous cities. As a Medellin real estate investor, I obviously think this will change. I came across an interesting article on MSNBC.com. It is a good read for anyone considering investing in real estate in Colombia or is planning on visiting Medellin.

MSNBC – FORMER COCAINE CAPITAL SHAKES OFF BAD REPUTATION

Medellin Real Estate – The Next Panama?

Medellin at night

Could Medellin real estatebe the next Panama?

I have seen this question answered elsewhere on the Internet (usually be people with little or no real life experience investing in Panama).  This question interests me personally, as I lived and invested in real estate in Panama for over three years.