Can foreigners buy property in Colombia?
- ✅ Yes. Foreigners can legally own property in Colombia with no citizenship or residency requirements.
- 🏡 Property rights are protected under Colombian law.
What documents are required to buy property?
- Valid passport
- Colombian tax ID (NIT or cédula de extranjería)
- Proof of income or source of funds
- Signed purchase agreement
How long does the process take?
- ⏱️ Average timeline: 30–60 days from offer to closing
- Legal due diligence and money transfers are the most time-consuming steps
How much are closing costs?
- Notary + registration fees: 1–1.5% of the sale price
- Lawyer fees: $1,000–$2,500 USD (optional but recommended)
- Property taxes: Usually less than 1% annually
Should I hire a local lawyer or real estate agent?
- ✅ Yes, it’s strongly recommended
- Your lawyer will verify title, handle paperwork, and protect your interests
📩 Want help buying in Medellín?
Contact us to speak with a local property advisor.
Can foreigners legally buy real estate in Colombia?
Yes. Foreigners can legally purchase and own property in Colombia without restrictions. No residency or citizenship is required.
What documents do I need to buy a property?
You’ll need a valid passport, a Colombian tax ID (NIT), and proof of income or funding for the purchase.