Medellin has become a top real estate investment destination, attracting foreign buyers, digital nomads, and retirees looking for affordable property in a thriving city. But one common question is:

👉 Can foreigners buy property in Medellin?

The short answer is yes! Colombia has no restrictions on foreign ownership, making it one of the easiest countries in Latin America for non-citizens to invest in real estate. Plus, buying property can be a path to securing a Colombian visa.

🏡 Looking for properties in Medellin? Start here:
👉 Homes & Apartments for Sale

Can Foreigners Buy Property in Medellin?

Yes! Foreigners have the same property ownership rights as Colombian citizens, meaning you can buy, own, and sell real estate without restrictions. Unlike some countries that limit foreign ownership, Colombia allows non-residents to purchase property with full legal protections.

Key Facts About Foreign Ownership in Colombia

✔️ No Citizenship or Residency Required – You don’t need to live in Colombia to buy property.
✔️ 100% Freehold Ownership – You fully own the property, with no time limits or leasehold agreements.
✔️ No Need for a Colombian Partner – You can buy as an individual without a local co-owner.
✔️ Visa Benefits – Investing in property worth at least ~$95,000 USD (subject to government updates) may qualify you for a Colombian investment visa.

🏡 Ready to invest? Explore Medellin’s top properties:
👉 Homes & Apartments for Sale

The Property Buying Process

Buying property in Medellin as a foreigner is straightforward, but it’s important to follow the correct steps to ensure a smooth transaction.

Step 1: Find the Right Property

🔹 Research Medellin’s best neighborhoods (El Poblado, Laureles, Envigado) based on your goals.
🔹 Work with a trusted real estate agency like EVERYPLACE to find verified listings.

👉 Start your search here: Medellin Properties for Sale

Step 2: Due Diligence & Offer

🔹 Conduct a title search to ensure the property has no debts or legal issues.
🔹 Make a formal offer and negotiate the terms with the seller.

Step 3: Sign the Purchase Agreement

🔹 Once an agreement is reached, both parties sign a Promesa de Compraventa (promise of sale contract).
🔹 At this stage, a deposit (usually 10-30%) is required.

Step 4: Transfer Funds & Register the Property

🔹 Foreign buyers must send funds through a registered exchange process to comply with Colombian regulations.
🔹 The final deed is signed at a Notary Public, and the sale is registered with the Oficina de Registro de Instrumentos Públicos.

Step 5: Get Property Management (Optional)

🔹 If you’re buying for rental income, consider hiring a property management service for maintenance, tenant screening, and rental handling.

👉 EVERYPLACE offers full-service property management:
Learn More

Costs & Taxes

Understanding the fees and taxes involved in buying property in Medellin is crucial for planning your investment. While real estate prices are affordable, there are additional costs to consider.

Main Costs When Buying Property

🔹 Notary & Registration Fees – Typically 1.5% to 2% of the purchase price.
🔹 Legal Fees – If you hire a lawyer for due diligence, costs range from $500 to $2,000 USD.
🔹 Real Estate Commission – Usually paid by the seller, not the buyer.

Property Taxes in Colombia

🔹 Annual Property Tax (Predial) – Ranges from 0.3% to 1% of the property’s assessed value.
🔹 Capital Gains Tax – If you sell the property within two years, you pay 10% capital gains tax.

💰 Want to invest wisely? Let EVERYPLACE help you find the right property:
👉 Explore Listings

Financing Options

One of the biggest questions foreign buyers have is: Can foreigners get a mortgage in Colombia?

Can Foreigners Get a Mortgage in Colombia?

❌ Difficult but Not Impossible – Most Colombian banks do not offer mortgages to foreigners unless they have residency and a strong financial history in Colombia.
✔️ Alternative Financing Options – Many foreign buyers choose to:

• Pay in full with cash or international transfers.
• Use home equity loans or financing from their home country.
• Arrange seller financing in some cases.

Important Considerations

🔹 All transactions must be registered with Colombia’s central bank (Banco de la República).
🔹 If you plan to buy with financing, it’s best to consult a real estate expert for guidance.

🏡 Need assistance with your purchase? Let EVERYPLACE guide you:
👉 Contact Us

Best Neighborhoods for Investment

Medellin offers a variety of high-demand neighborhoods for foreign investors, whether you’re looking for rental income, long-term appreciation, or a luxury home.

1. El Poblado – The Most Popular Expat Area

✔️ Luxury apartments & high-rise condos
✔️ Best for short-term rentals (Airbnb)
✔️ Upscale shopping, dining, and nightlife

2. Laureles – A More Traditional & Walkable Area

✔️ Spacious homes & mid-rise apartments
✔️ Best for long-term rentals and lifestyle buyers
✔️ Known for its cafés, green spaces, and local charm

3. Envigado – Space, Privacy & Family-Friendly Living

✔️ Gated communities & larger homes
✔️ Ideal for expats, retirees, and families
✔️ Close to nature but still near Medellin’s city center

4. Belén – Affordable & Up-and-Coming

✔️ More budget-friendly properties
✔️ Growing demand from locals and digital nomads
✔️ Well-connected with metro and public transport

🏡 Looking for the best investment opportunities?
👉 Browse Medellin Properties for Sale

How EVERYPLACE Can Help

Buying property in Medellin as a foreigner is 100% possible, but having local expertise makes the process easier and more secure. That’s where EVERYPLACE comes in.

✅ Why Work with EVERYPLACE?

• Exclusive Property Listings: We connect you with the best homes, condos, and investment properties.
• Step-by-Step Guidance: From due diligence to closing, we ensure a smooth buying experience.
• Property Management Services: Need help managing your investment? We handle rentals, maintenance, and tenant management.
• Full Transparency: We guide foreign buyers through the legal and financial aspects of real estate in Colombia.

📍 Start Your Medellin Property Investment Today

🔹 Explore properties for sale: View Listings
🔹 Find a rental in Medellin: Short-term rentals | Long-term rentals
🔹 Need property management? Learn More

👉 Contact EVERYPLACE today, and let’s find your perfect property in Medellin!