Own Property in Medellín – Without Residency or Guesswork
Buying real estate in Colombia is not only possible for foreigners—it’s relatively simple if you follow the right process. This guide shows you exactly how to do it legally, safely, and confidently, with the support of the StellarView Realty team in Medellín.
Can Foreigners Buy Property in Colombia?
Yes. Colombia allows foreigners to purchase real estate with full ownership rights. You do not need a visa, residency, or citizenship. All you need is:
- A valid passport
- Legal entry of funds into Colombia (through an exchange agent)
Your name will appear on the legal property title (escritura pública) just like a Colombian citizen.
Step-by-Step Process for Foreign Buyers
1. Choose a Property and Make an Offer
Work with an agent who understands both local law and foreign client needs. StellarView helps identify properties that are safe to purchase, Airbnb-friendly, and titled correctly.
2. Send Funds Legally to Colombia
Use an authorized exchange intermediary (banco intermediario) to wire money to Colombia. This ensures:
- Funds are registered with the Banco de la República (Form 4)
- You can legally repatriate funds or apply for an investor visa
3. Sign Promesa de Compraventa
This is the purchase agreement, signed in front of a notary. Typically, you pay a 10-30% deposit. Make sure your contract includes:
- Title verification clause
- Penalty terms
- Delivery dates
4. Title Study and Due Diligence
A legal review checks:
- No debts or liens (hipotecas)
- Property tax compliance (predial)
- Zoning/usage restrictions
5. Finalize Transfer with Escritura Pública
The final step is signing the public deed in front of a notary. You pay remaining funds and receive full ownership. The deed is then registered at the public registry (Oficina de Registro de Instrumentos Públicos).
Why Foreign Buyers Trust StellarView Realty
- English-speaking agents + bilingual legal partners
- Expertise in short-term rental investments
- Transparent pricing, no hidden commissions
- On-the-ground support before and after closing
Common Mistakes to Avoid
- Using informal exchange methods (e.g. Western Union)
- Skipping legal title review
- Underestimating tax/residency paperwork
- Assuming developers or sellers will handle legal steps
Ready to Buy in Medellín?
StellarView Realty helps you:
- Find the right investment or home
- Handle the legal process with confidence
- Optimize for short-term rentals, long-term residency, or personal use
✉️ Schedule a Free Consultation
Contact Us or WhatsApp +57 313 766 9798
StellarView Realty – Trusted by Expats, Built for Invest