#1 How to buy real estate in Colombia

We talked about Colombia as an investment opportunity and give you an overview about how to buy real estate in Colombia and how to buy real estate in Colombia.

Content:

1. About Colombia in general

1.1 Why invest in Colombia real estate?

1.2 How stable is the political situation in Colombia?

2. About the Colombian real estate marke

2.1 How liquid is the Colombian real estate market?

2.2 How has the Colombian real estate market developed in recent years?

2.3 Residing in Colombia

3. About the real estate buying process in Colombia

3.1 How much are the real estate transaction costs in Colombia (notary fee, taxes, register costs)?

3.2 Where can I find Colombian real estate financing?

4. Legal matters

4.1 Do I need to declare my rental income at the Colombian tax office (DIAN)?

4.2 Is there a limit of investments in quantity or price in Colombia?

4.3 What kinds of properties are foreigners allowed to buy in Colombia?

4.4 What immigration policies apply to foreigners in Colombia? In an emergency can I take my family?

4.5 Is there a reliable property manager on site in Colombia?

4.6 Can money be transferred from Colombia to my home country?

5. Detailed Buying Process in Colombia

5. 1. Finding the right property in Colombia

5.2 Contacting the owner / broker in Colombia

5.3 Transferring Information in Colombia

5.4 In case of contacting an appraiser in Colombia

5.5 You sign the promissory sales contract in Colombia

5.6 You transfer the money to a Colombian bank account

5.7 Option 1: You travel to Colombia

5.8 When signing the real estate contract in Colombia

5.9 Option 2: You buy from abroad

5.10 When signing the contract from abroad

5.11 Registration of your ownership