Invest For Residency And Yield In This Top Property Market (Which Is 25% Cheaper Now Than It's Been In Five Years)
Jan. 2, 2015, Medellin, Colombia
Dear Live and Invest Overseas Reader,
Right now is the time to act on a property investment in Medellin, Colombia, if you've been considering taking a position in this market. The Colombian peso has moved from 1,850 to US$1 in July to 2,300 to US$1 today. That's a 25% gain for U.S. dollar holders in six months, creating a buying opportunity that I'm acting on and that I urge you to pay attention to, as well.
Generally speaking, I don't recommend that you try to time currency exchange rates when investing in real estate overseas. Waiting for a better exchange rate before acting on a property buy, you run two risks. The price of the property could go up, and the currency could move against you. However, if the currency moves in your favor in a market you're watching, you want to take advantage of the buying window if you can.
In Medellin, I'd draw your attention to one turn-key real estate investment opportunity in particular that allows dollar holders to take advantage of their current exchange-rate advantage while also obtaining Colombian residency. This is the lowest-priced invest-for-residency option available in the country...and it's 25% cheaper in dollar terms today than it was six months ago. The 62 million peso investment requirement amounts to less than US$27,000 right now and means a residency visa in your hand a month after you make the buy.