Why Colombia?

Affordable Cost of Living - The cost of living in Colombia is 60-70% less than most American cities. Medical care, transportation, food, and housing are all much more affordable. The economy is also very stable and the exchange rate is favorable for Americans.

Investor-Friendly Policies - The country has implemented policies specifically designed to attract foreign capital, making property acquisition relatively straightforward. There are also very friendly visa/residency options.
Diverse Landscapes & Vibrant Culture - From Caribbean beaches to mountain retreats, with a vibrant culture that blends indigenous, European, and African influences, the country's rich biodiversity, welcoming locals, and year-round pleasant climate in many regions create an appealing lifestyle for expats.

Excellent Returns - Expect returns to average 6-10% for rental properties. Some projects will return double digit gains with significant potential for strong appreciation during construction.

What life looks like in Colombia

Imagine morning hikes in the Andes, sunsets on the Caribbean, fresh fruit daily, and vibrant art and music. Whether you're sipping Colombian coffee or exploring your new community—Colombia offers more than just a home. It offers a new way of life.

Why Invest in Colombia

  • Entry-level real estate from $80,000 USD
  • High rental yield potential (6–10% for short-term rentals)
  • Airbnb-friendly zones in Medellín and Cartagena
  • Medellín is a hub for digital nomads
  • Legal foreign ownership with clear title rights

Closing Costs & Fees

Notary Fees
Required for all property transactions in Colombia, these typically run about 0.5% of the purchase price. The notary authenticates the purchase agreement and ensures all documentation is legally compliant.

Registration Fees
Property must be registered with local authorities, costing approximately 0.5% of the purchase price. This ensures your ownership is officially recognized by the Colombian government.
Local Taxes
These vary by municipality but generally average around 1% of the property value. Annual property taxes are relatively low compared to the United States, ranging from 0.3% to 1.2%.

Agent Commissions
Typically 3% of the purchase price, similar to Nashville. Unlike Nashville's closing costs of 2-5%, Colombia's total closing expenses typically range from 1.5-3% of the purchase price.

Popular Areas for Investment

Medellín - The "City of Eternal Spring"
Perfect climate, modern infrastructure, excellent healthcare, and a vibrant expat community. El Poblado district is particularly popular with foreign buyers for its safety, amenities, and cosmopolitan atmosphere.

Cartagena
Colonial charm and Caribbean beaches offering historic properties with strong vacation rental potential. Nearby beach areas provide modern condos with ocean views at a fraction of comparable U.S. properties.
Bogotá - Colombia's capital & economic center
Excellent appreciation potential. The northern districts like Usaquén and Chicó provide luxury apartments with amenities comparable to Nashville's upscale neighborhoods but at significantly lower price points.

Santa Marta
Oldest city and a hidden gem for expats and retirees. With stunning beaches, a relaxed pace of life, and easy access to national parks, it offers an affordable coastal lifestyle perfect for those seeking tranquility and adventure.

Visas, Residency & Citizenship

Migrant (M) Visa
  • Minimum Real Estate Investment: 350 times SMMLV (Colombia's monthly minimum wage) - Approx. $120K
  • Or minimum investment in Colombian business: 100 times SMMLV ($35K)
  • Valid for 3 years, renewable
  • Must be present every 6 months, but no stay requirements
  • Path to permanent residency after 5 years
  • Path to citizenship after 5 years of permanent residency
Resident (R) Visa
  • Minimum Real Estate Investment: 650 times SMMLV (Colombia's monthly minimum wage) - Approx. $220K
  • Or minimum investment in Colombian business: 650 times SMMLV
  • Valid indefinitely (permanent residency), must "check-in" every 5 years
  • Must be present every 2 years, but no stay requirements
  • Path to citizenship after 5 years
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Information deemed reliable, but not guaranteed. Not intended to solicit sellers or buyers under written contract with another REALTOR®.
Steve Luther
Chief Troublemaker
CHORD Real Estate, LLC
Independently owned and operated.
Direct: +1.615.455.3828Office: +1.615.988.1001https://CHORDrealestate.com
agent photo
Ashley Luther
COO/Managing Broker
CHORD Real Estate, LLC
Independently owned and operated.
Ashley@CHORDrealestate.com
713 18th Ave S, Nashville, TN 37203