Property Investor information: Colombia
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Property Investor information for: Colombia
Generally speaking homes appreciate in value by approximately 4% or 5% per year, however this will vary from year to year and from neighborhood to neighborhood. Your rate of return on real estate in Colombia may be higher than many other investments you make.
Vacation Rentals - Increasing numbers of investors using PropertyWorld.com are buying real estate in Colombia with a view to using it as a vacation rental. The returns can be very good and the prices in some emerging markets are very attractive. A mortgage is often used to fund the purchase of property to be used as vacation rentals. We have provided some useful information on buying real estate in Colombia.
When renting a home in Colombia you are usually limited to the changes/improvements you can make. When you own a home in Colombia you can make almost any changes you want (subject to local planning restrictions). You benefit from living in the environment of your choice plus, in many cases, your improvements add to the value or saleability of your home.
