Buy a house in Colombia
How can foreigners buy a house in Colombia?
In 2021, Colombia was the third destination for investing in housing in Latin America, preceded by Brazil and Chile, according to data from Fortune Builders collected by ProColombia.
According to the Bloomberg Line portal, there are 2 main reasons why foreigners and nationals living abroad want to buy a house in this country:
Good return rates.
Increased demand for vacation rentals.
An foreigner can buy a house in Colombia. According to Article 1504, any legally capable adult can acquire real estate in Colombia.
Among the requirements to buy a property in Colombia as a foreigner are:
Having a valid passport. Having the resources to pay for the value of the property. Foreigners with a tourist visa have no prohibitions that prevent them from acquiring a property in Colombia, so a foreigner can buy a house in Colombia while on vacation or on a business trip in the country.
How can foreigners buy a house in Colombia? There are 5 steps that a foreigner must follow to buy a house legally in the country:
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