Medellin’s skyline continues to rise, and with it, so does interest in pre-construction property investment. From modern high-rises in El Poblado to boutique developments in Laureles, buying pre-construction is one of the most popular strategies for investors and expats looking to get in early on emerging real estate opportunities.

But while the rewards can be significant—such as lower prices, custom finishes, and strong appreciation potential—buying a property that hasn’t been built yet also comes with unique risks and legal considerations.

In this guide, we’ll break down everything you need to know about buying pre-construction in Medellin, so you can invest with confidence and clarity.

🔑 Want to browse properties already on the market? 👉 View Medellin properties for sale

How Pre-Construction Buying Works in Colombia

Buying pre-construction property in Colombia involves buying a unit before it is built, typically during the design or early construction phase. While this method offers attractive pricing and customization, it also requires careful attention to contracts, timelines, and developer reliability.

🏗️ The Typical Pre-Construction Timeline

1. Reservation Stage:
   • Pay a reservation fee (usually \$1,000–\$5,000 USD) to hold a unit.
   • Sign a preliminary agreement outlining project details.
2. Down Payment Phase (Cuota Inicial):
   • Make monthly or quarterly payments (usually totaling 20–30% of the unit value) over 12–24 months.
   • Payments go into a fideicomiso (escrow trust) to protect the buyer until the project is viable.
3. Construction & Delivery:
   • Once the project reaches required sales quotas, construction begins.
   • Full payment is typically due upon completion (sometimes financed with a mortgage).

📜 Key Legal Terms to Know

• Fiducia (Trust): A legal structure that holds your payments until the developer fulfills construction milestones.
• Licencia de Construcción: The official building permit—ensure it’s in place before committing.
• Promesa de Compraventa: The formal sales agreement once the building is under way.

🛠️ EVERYPLACE works with trusted developers and legal advisors to guide you through this process. 👉 Contact us for personalized support

Rewards of Buying Pre-Construction

Buying pre-construction in Medellin offers several compelling benefits, especially for those looking to maximize value and customization. Here’s why many local and international investors choose this route:

💰 1. Lower Entry Prices

Pre-construction units are often priced 10–30% below market value, giving early buyers a head start on equity growth. Developers offer tiered pricing, meaning the earlier you buy, the better the deal.

🧱 2. Customization Options

Buyers can often choose from:

• Finishes and layouts (flooring, cabinetry, countertops)
• Floor location and views
• Optional upgrades for appliances or smart-home features

This is especially appealing to buyers who plan to live in the unit long-term or operate a high-end short-term rental.

📈 3. Appreciation Potential

As construction completes, prices generally rise. This allows early buyers to:

• Resell for profit (often before the building is even finished)
• Earn strong rental yields in Medellin’s competitive short-term market
• Capitalize on long-term value appreciation in trending neighborhoods

🏢 4. Modern Features & Amenities

New buildings often include:

• Rooftop pools, gyms, coworking spaces
• Energy-efficient systems and smart technology
• 24/7 security and lobby reception

🏡 Ready to explore new developments and pre-construction listings? 👉 Browse Medellin properties for sale

Risks to Consider

While buying pre-construction property in Medellin can be rewarding, it’s not without its risks. Understanding and preparing for these challenges is crucial to making a safe and profitable investment.

🕒 1. Project Delays or Cancellations

Construction timelines are often longer than projected, especially if sales targets or permits are delayed. In some cases, projects are cancelled altogether if they fail to meet financial thresholds.

• Risk: Extended delivery timelines or failure to deliver at all
• Solution: Only invest in projects backed by fideicomisos (escrow trusts) and well-capitalized developers

🧾 2. Developer Reliability

Not all developers are created equal. Some may overpromise and underdeliver, resulting in subpar construction or even legal disputes.

• Risk: Poor workmanship, unfinished amenities, legal complications
• Solution: Research the developer’s track record, financial standing, and previously completed projects

📜 3. Legal & Permit Gaps

Buying before the builder has a Licencia de Construcción is extremely risky. Without this, the project may never legally proceed.

• Risk: Construction halted by authorities or permanent cancellation
• Solution: Confirm permits are approved and all legal documents are in place

💸 4. Currency Fluctuation

Most pre-construction sales are priced in Colombian pesos (COP), which can fluctuate significantly against foreign currencies.

• Risk: Sudden changes in exchange rates impacting final payment
• Solution: Consider locking in rates or paying in USD if the option exists

💼 EVERYPLACE only recommends vetted projects with the proper safeguards in place. 👉 Let us help you navigate pre-construction safely

Due Diligence Tips

Doing your homework before committing to a pre-construction property in Medellin is essential. Here’s how to minimize risk and protect your investment:

🧠 1. Research the Developer

• Ask for a list of completed projects and visit them if possible.
• Look for online reviews or speak to past buyers.
• Verify their legal registration and financial stability.

📋 2. Review All Legal Documents

• Confirm the project has a valid Licencia de Construcción (building permit).
• Ensure your deposit goes into a fideicomiso (escrow trust), not directly to the developer.
• Get a copy of the Promesa de Compraventa (sales agreement) and have it reviewed by a local attorney.

🕵️ 3. Check the Project Timeline

• Ask for a realistic delivery date, and get clarity on what happens if it’s delayed.
• Understand milestone payment schedules and what triggers each payment.

🧾 4. Understand the Payment Terms

• Clarify if payments are fixed in COP or USD.
• Confirm whether the final payment must be made in a lump sum or via financing.

🤝 5. Work with a Trusted Local Advisor

Navigating the Colombian real estate system as a foreigner can be complex. Working with a team like EVERYPLACE ensures you’re buying into the right project with full transparency.

📌 We connect buyers with vetted developers and local legal experts. 👉 Start your pre-construction journey with EVERYPLACE

Key Neighborhoods for Pre-Construction in Medellin

Medellin’s real estate market is evolving, and certain neighborhoods are seeing rapid development with strong demand for new, high-quality construction. Here are the top areas for pre-construction opportunities:

🏙️ 1. El Poblado

Medellin’s most desirable neighborhood remains a hub for luxury developments and high-rise condos.

• Target buyer: Foreign investors, digital nomads, and short-term rental hosts
• Why it’s hot: Walkability, nightlife, views, and premium amenities
• Types of projects: High-rise towers with pools, gyms, and coworking spaces

🌆 2. Laureles

Laureles is gaining attention for being more residential and authentic, with a strong expat and professional community.

• Target buyer: Long-term expats, families, and value investors
• Why it’s hot: Tree-lined streets, local dining, and a growing café culture
• Types of projects: Mid-rise buildings with boutique layouts and private balconies

📈 3. Belen and La America

These up-and-coming areas offer lower price points and early-stage investment potential.

• Target buyer: Budget-conscious investors and first-time buyers
• Why it’s hot: Accessibility to metro lines and local universities
• Types of projects: Smaller developments with strong rental appeal

🏘️ Looking for a unit in one of these emerging zones? 👉 Explore pre-construction and resale listings in Medellin

How EVERYPLACE Can Help

Navigating the pre-construction market in Medellin requires local insight, legal awareness, and trust—and that’s exactly what EVERYPLACE offers. Whether you’re an investor, future resident, or expat testing the waters, our team ensures you’re buying into the right project, at the right time, and with the right protections.

🔑 Why Work with EVERYPLACE?

• Vetted Developer Network: We only work with reliable, legally compliant builders with strong track records.
• Bilingual Legal Guidance: Our partners walk you through contracts, escrow setup, and Colombian regulations.
• Hands-on Support: From reservation to delivery, we help you monitor progress and address any red flags.
• Property Management: Planning to rent your unit? Our full-service property management team can handle it all.

🏘️ Let’s Build Your Future in Medellin

• See all properties for sale
• Explore short-term rentals
• Find long-term rentals
• Learn more about EVERYPLACE

👉 Ready to make a smart investment in Medellin’s future? Start with EVERYPLACE.