Real Estate in Medellin
Can foreigners buy real estate in Medellín?
Yes. Colombia allows foreigners to purchase property without residency. All you need is a valid passport, and funds legally transferred into the country.
Is real estate in Medellín a good investment?
Yes. Medellín offers strong rental yields, growing tourism, and a lower cost of entry compared to other global cities.
How do I transfer money into Colombia to buy a property?
Foreign buyers must use an authorized exchange agent (intermediary bank) to officially register funds for real estate purchase with the Central Bank (Banco de la República).
Do I need a visa to buy property in Colombia?
No visa is required to purchase property. However, owning real estate can help you qualify for a Migrant (M) visa if you invest more than ~350 minimum wages. approx $120,000 USD
Can I earn rental income on my property?
Yes. Many foreign buyers use platforms like Airbnb or Booking to rent out their units short-term. Local property managers can handle listings and maintenance.