Buying Property Medellin High End Edition 2017

Expat Local Guides
September 12, 2017

Buying property Medellin High End Edition 2017

Buying property Medellin High End Edition 2017

Buying property Medellin high end edition 2017. Medellin is experiencing a real state boom. Some people feel it is a bubble. Others see great opportunities to buy. The US dollar is high in relation to the Colombian peso. But the prices have increased considerably in the past 4 years. Furthermore, credit availability is limited in Colombia. Interest rates are twice that of the United States. Unlike other countries Colombia has learned from their past mistakes. To qualify for a mortgage you must make a down payment of at least 30%. Furthermore for a property worth $279,000 USD you must have an income of at least $7,000. And make a down payment of at least $84,000.

El Poblado

Similar to other metropolitan cities location location location sets the price in this city. The most expensive properties in Medellin are currently located in the Poblado neighborhood of the city. Commonly referred to as “El Poblado”. El Poblado is clean and safe. Poblado is conveniently located. Furthermore it is the most economically developed neighborhood in the Medellin metropolitan area. El pobaldo is a mix of residential, financial services and high end commerce. El Tesoro, Oviedo, La Estrada, Rio Sur and Santa Fe Mall are found here. Furthermore, top attractions such as Parque Lleras. And high end culinary areas such as Provenza are also found in El Poblado.

Starbucks, Krispy Kreme and the Hard Rock Cafe are found here as well as international and national banks. They are all found within the Milla de Oro (the golden mile). The financial sector looks like a cut out of wall street. El Pobaldo is the home of the financial district of Medellin. In conclusion the top restaurants, malls, and hotels are within Poblado.

Buying Property Medellin High end edition 2017

The projects we liked the most.

  1. Ceylan 34; Builder; Capital. Locaion; Poblado (Balsos) Prices; 134 sqm with two parking spaces starts at 819.550.000 Cop (approximately 1442.36 sqft $281,925 Usd) Contact; website www.constructoracapital.com email; [email protected] phone; 57 (4) 444.2305 57 (315) 339.3365 Completion date; July 2020 (approximately) Status; most apartments have options to buy after one week on market
  2. Vigia; Builder; Optima. Locaion; Poblado (Bosques) Prices; 217 sqm with two parking spaces starts at 1.339.347.000 Cop (approximately 2335.77 sqft $460,735 Usd) Contact; website www.londonogomez.com phone; 57 (4) 444.5135 57 (312) 791.5452 Completion date; July 2019 (approximately) Status; most apartments have been sold
  3. Torre Los Angeles; Builder; C.A.S.A.. Locaion; Poblado (Santa Maria de los Angeles) Prices; 137 sqm with two parking spaces starts at 769.272.600 Cop (approximately 1474.66 sqft $264,629 Usd) Contact; phone; 57 (4) 321.8460 57 (312) 768.8562 Completion date; July 2020 (approximately) Status; most apartments have options to buy
  4. Amsterdam; Builder; Multiple Partners. Locaion; Poblado (Tesoro) Prices; 168 sqm with two parking spaces starts at 890.000.000 Cop (approximately 1808.34 sqft $306,160 Usd) Contact; website www.amsterdam.com.co phone; 57 (4) 322.3323 Completion date; July 2019 (approximately) Status; waiting list, all apartments optioned
  5. Montreal; Builder; ARCONSA. Locaion; Poblado (Santa Maria de los Angeles) Prices; 195 sqm with two parking spaces starts at 949.000.000 Cop (approximately 2098.96 sqft $326,456 Usd) Contact; phone; 57 (311) 601.0583 Completion date; July 2020 (approximately) Status; most apartments have options to buy

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