Colombian Real Estate Information
Buying and selling property in Colombia as a foreigner is relatively straight-forward. The country has a free market with no restrictions on foreign land ownership and even rewards it with access to a migrant visa which leads to Colombian residency. That being said, Colombia lacks many of the usual institutions, laws, and business practices which build and facilitate trust between a property vendor and buyer, leaving foreign buyers and sellers at higher risk of being taken advantage of or even outright scammed. In Colombia, responsibility falls squarely on the individual to protect their investment and it is imperative that any potential home buyer or seller educate themself about the how the system works in Colombia.
Below you can find articles regarding different aspects of purchasing and owning real estate in Colombia to better familiarize yourself with Colombian procedures:
-
How to Search for a Property in Colombia
The benefits and limitations regarding different methods used when searching for a property in Colombia
-
Airbnb Investment Property Regulations in Colombia
Colombian laws and regulations which you must take into consideration when planning an Airbnb business in the country
-
Guide to Buying Property in Colombia
A step-by-step guide through the process of purchasing a property in Colombia including local buisness practices, applicable laws, and Spanish real estate terminology.
-
Colombian Real Estate Purchase Agreements (Promesas de Compraventa)
Issues to watch out for when drafting or negotiating a real estate purchase agreement for a Colombian property, including major differences to purchase contracts found abroad.
-
Notarias and the Notario’s role in a Property Sale in Colombia
A summary of the unique and critical role the Notaria and the Notario play in the purchase of a Colombian property
-
Closing Costs in Colombia
A breakdown of all the additional taxes and fees related to a property transfer in Colombia
At Restrepo Legal, we can help you through every step of the property transfer to ensure that none of these issues will become a problem for you. From title searches to the drafting of a promissory note, from financial transfers to the handing over of the keys, we will help you protect your investment and make sure you will be able to enjoy it for years to come. Contact us now if you want peace of mind regarding your real estate transaction in Colombia.