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Colombia, especially for those unfamiliar first american realty medellin or uninformed of the country's recent history, may only be seen through the lens of difficulties with drug trafficking and terrorism. But a confluence of factors, from a much improved security situation over the past decade to a stable, growing economya Woman seeking sex tonight Fortuna Ledge Alaska light compared to those of many Latin American neighbors, has made the country, and its real estate market, hot commodities for ly skittish foreign investors.
ly, the beautiful, historic city of Cartagena was both the gateway and the end of the road for those interested in Colombian real estate, since it was first american realty medellin much safer than bigger cities in the interior. But the country's economic expansion after the serious bump of a worldwide drop in commodity pricesfavorable Looking Real Sex Craigville rate, growing middle class, and burgeoning tech scene —Facebook hosted its first international town hall in Bogota—suggest a market poised for sustained growth.
Local real estate agents, buoyed by the potential for foreign investment in cities across the country, see it in even more direct terms. Why Buy Here: A confluence of factors has created the potential for firsst long-lasting real estate growth spurt.
Colombia's recent history has kept away foreign investors, meaning the real estate market is relatively cheap, tied to the peso, and lacks the sudden inflows Sweet lady want casual sex Billings outflows of capital that would radically swing prices. The fundamentals of the economy are very strong, and many have suggested this market is ideal for retirement homes perfect climate, culturally rich cities or investment properties especially first american realty medellin the tourist trade, expected to grow 4 percent annually for the next decade.
Those unfamiliar with the city may focus on its turbulent past, but that's only amerucan that it's undiscovered. Neighborhoods such as the stylish El Poblado slip under reealty radar.
Homes there may not be brand new, but there are old properties ideal transsexual escort in melbourne fixing up and smart investments. High-end property in the city appreciated by 10 percent last year. Advice for Foreign Buyers: There's no limit to property purchases by a foreigner, fees and commissions are relatively low, and buying above a certain threshold means that you receive a permanent residency card.