Colombia is internationally recognized for being a blessed country for its qualities with its breathtaking mountains, extensive beaches, stunning oceans and diversity of flora and fauna. Recently Colombia has attracted the interest of international investors: investing in industries such as agriculture, textiles, oil, etc. This has made Colombia an attractive economy for the rest of the world. Due to the stability of its economy, property in Colombia is increasingly gaining positive reputation and it is keeping a steady value in comparison to Colombia´s neighbouring countries and European economies.
Colombia has a dynamic domestic market, having the 23rd largest population in the world and being the second most populous Spanish-speaking country. Furthermore, Colombia is the third most business-friendly country and the leading reforming country in Latin America according to the World Bank’s ‘Doing Business 2013.’
Colombia, like any other emerging economy, is facing an increasingly competitive international economic environment. Taxes in Colombia apply to all property owners with the same tariff. These taxes depend on your total income earned in Colombia and are paid annually.
Buy-to-let
As for all property rental, the benefits for a buy-to-let landlord can include a stable income from rental receipts, as well as an accumulation of wealth if house prices go up over time. Rising house prices in Colombia has made buy-to-let a popular way to invest. Compared with the value of foreign currencies the Colombian Peso (COP) maintains a lower yet stable value for those investing from abroad.
If you are interested in investing in property in Colombia, please fill in the form below and an English-speaking advisor will contact you promptly.