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      The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France
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      • Countries

        Top Destinations:

        Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

        • Spain
        • Portugal
        • Panama
        • Belize
        • Colombia
        • Cyprus
        • Mexico
        • France
        • Montenegro
        • Browse All Countries

        Best For:

        • The Best Places To Retire
        • Health Care Abroad
        • Cost Of Living
        • Investing in Real Estate
        • Establishing Residency
        • Gun Laws In The World
        • English-Speaking Countries
        • Safest Places For Retirement
        • Best Places In Latin America
      • Budgets

        How Much Will It Cost You To Live Overseas?

        The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

        Super Cheap

        • Chitré, Panama
        • Santa Marta, Colombia
        • Phuket, Thailand
        • Dumaguete, The Philippines

        Cheap

        • Medellin, Colombia
        • Boquete, Panama
        • Kyrenia, Cyprus
        • Hua Hin, Thailand
        • The Algarve, Portugal

        Affordable

        • Valencia, Spain
        • Cascais, Portugal
        • Las Terrenas, The DR
        • Pisa, Italy
        • La Rochelle, France
        • Mazatlán, Mexico

        Luxury

        • Ambergris Caye, Belize
        • Kotor, Montenegro
        • The Panama City Beaches
        • Paris, France
      • Resources

        Global Living

        • Living & Retiring Overseas
        • Raising A Family Abroad
        • Foreign Residency & Citizenship
        • Offshore & Diversification

        Making Money

        • International Real Estate
        • Banking
        • Employment
        • Investing

        Follow Us:

        • Meet Our Experts
      • Real Estate

        Join our Weekly Newsletter
        Overseas Property Alert

        Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






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          Home Countries Colombia

          Reasons You Should Buy Property In Medellín, Colombia

          Best Lifestyle Money Can Buy... For Seriously Not A Lot Of Money

          by Lee Harrison
          Mar 14, 2017
          in Colombia, Lifestyle
          0 0
          buildings and homes in medellin

          “I can’t believe this place has stayed off the radar,” said my friend Lou… for the third time in as many days.

          We were having dinner in an open-air French restaurant in Medellín’s Zona Rosa, the city’s upscale dining and shopping area.

          Lou lives on Manhattan’s Upper West Side, and over the past 25 years he’s had the highest standards for fine dining of anyone I know. He was surprised that Medellín’s El Poblado made his grade given that the city is still relatively unknown by the mainstream.

          But Medellín more than “makes the grade.” It sets the standard for world-class city living and does so at a surprisingly low cost.

          What’s more, real estate prices can start at less than US$55,000 in the Medellín valley and less than US$100,000 in Medellín’s most exclusive and upscale neighborhood.

          If you’re a regular reader, you’ll know that I’ve been spending time in Medellín, Colombia, including as a full-time resident, for the past six years.

          Every time I return to this city, especially after an extended absence or hosting first-time visitors, I am struck by a renewed appreciation for it.

          Here are some things that really struck me on my most recent return…

          The weather is amazing. One morning we stopped at a sidewalk café on the way home from our exclusive, open-air gym. While enjoying cappuccinos and pastries—in gym shorts and T-shirts—I realized that I could enjoy this outdoor café every single day of the year. It’s never too hot or too cold.

          I also enjoy passing mornings and evenings on our balcony overlooking the lush courtyard behind our apartment. With no heat or air conditioning, we can leave the windows open to the gentle breeze, day and night, all year long.

          A restaurant in Colombia
          Outdoor dining is an all-year benefit of living in Medellín, where many restaurants have no walls

          A clean, modern, and First World setting. Well-maintained roads, a new Metro system, pure drinking water, modern cable TV, and high-speed internet lay the groundwork for a convenient lifestyle.

          A rich cultural scene, with orchestra, theater, and countless events and shows… including (a personal favorite) an annual symphony season.

          If you like eating out, this is the place. From fine dining to quaint sidewalk cafés, you’ll find it here. The elegant restaurants compare with any you’ve seen around the world with respect to their variety and creativity. And the sidewalk cafés are too numerous and diverse to mention.

          No car! I don’t rent a car when I visit Medellín, and I didn’t own one when I lived there… and I’ve not been inconvenienced at all. Everything is close at hand and within comfortable walking distance. I can walk to the gym, to the bank, to shopping, and to dozens of restaurants and cafés.

          If I need to go downtown, taxis are plentiful… and the flag drops at just 80 cents.

          Plenty of expats… or not. I’ve seen more Americans lately in Medellín than ever before, in all parts of town. In contrast to just six years ago, Medellín is now drawing a large number of retired couples, single women, and younger people with portable careers.

          You can congregate with other expats if you want to.

          Or if you’d prefer, you can remain among Colombians and avoid the expat scene altogether, the town is big enough to assure your privacy if you’d rather be on your own. Some people blend the two lifestyles, they live or work in a Colombian setting, but turn up at the pub to watch things like the Super Bowl or the Stanley Cup finals.

          The cost of living can’t be beat. Over the past six years, I’ve seen the U.S. dollar at both record-weak and record-strong levels. The dollar is exceptionally strong right now, making life in Medellín a bargain… about half the price that it was just a few years ago.

          And of course, not having to own a car and not having to pay for heat or air conditioning lower the cost of living even more.

          Plentiful, well-stocked shopping. You won’t have to “do without” here.

          Medellín offers everything from mom-and-pop corner stores to high-end shopping malls… from old-fashioned markets to gleaming supermarkets… from discount clothing bazaars downtown to exclusive boutiques in El Poblado.

          Medellín offers a large inventory of high-quality properties at low prices, especially in U.S. dollar terms. Properties are the hot ticket today with sales to North American retirees and investors breaking all records.

          And I don’t mean that sales are up slightly. Some brokerages are seeing a sales volume that’s up more than 12 times from just a few years ago as buyers take advantage of today’s strong dollar and low prices.

          Medellín’s El Poblado neighborhood
          Modern, high-quality real estate is the norm in Medellín’s El Poblado neighborhood

          Prices are going up smartly on the local market in Colombian peso terms. At this time, that price increase is being masked by a favorable, record-high exchange rate. When the dollar enters its next (inevitable) cycle (as we believe it has done already), today’s buyers will profit twofold… from the local price increase and the exchange rate.

          Green areas in El Poblado, Medellin
          City planners and developers in El Poblado have done a great job preserving the lush surroundings

          Practical matters put Medellín over the top. Medellín is only a three-hour flight from Miami and just over five hours to New York.

          Also, Colombia has the easiest and fastest residency I’ve seen anywhere. By applying at the ministry in Bogotá, I had my visa just 55 minutes after I’d walked into the building. I simply provided the information requested on the website.

          If you’re interested in world-class city life at amazingly low prices, Medellín should be high on your list.

          Lee Harrison
          Editor, Overseas Property Alert

          Share110Tweet68
          Lee Harrison

          Lee Harrison

          Lee has been living overseas for nearly two decades, making his first purchase abroad in the colonial city of Cuenca, Ecuador. After that first investment, he traveled extensively across Latin America and Europe looking for the best property deals possible. Lee’s network of property insiders from those travels, along with his understanding of local cultures and languages, has helped him develop insight into local property markets that only the locals usually possess.

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                HOME

                Top Countries

                • Spain
                • Portugal
                • Panama
                • Belize
                • Colombia
                • Cyprus
                • Mexico
                • France
                • Montenegro

                Best For:

                • Health Care Abroad
                • Retirement Living
                • Cost Of Living
                • Investing in Real Estate
                • Establishing Residency
                • Gun Ownership
                • English Speakers
                • Safety
                BROWSE ALL COUNTRIES

                Budgets

                How Much Will It Cost
                To Live Overseas?

                Super Cheap

                • Chitré, Panama
                • Santa Marta, Colombia
                • Phuket, Thailand
                • Dumaguete, The Philippines

                Cheap

                • Medellin, Colombia
                • Boquete, Panama
                • Kyrenia, Cyprus
                • Hua Hin, Thailand
                • The Algarve, Portugal

                Affordable

                • Valencia, Spain
                • Cascais, Portugal
                • Las Terrenas, The DR
                • Pisa, Italy
                • La Rochelle, France
                • Mazatlán, Mexico

                Luxury

                • Ambergris Caye, Belize
                • Kotor, Montenegro
                • The Panama City Beaches
                • Paris, France

                Resources

                Global Living

                • Living & Retiring Overseas
                • Raising A Family Abroad
                • Foreign Residency & Citizenship
                • Offshore & Diversification

                Making Money

                • International Real Estate
                • Banking
                • Employment
                • Investing
                Meet Our Experts

                Real Estate

                Overseas Property Alert 

                 

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                VISIT SITE

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                Discover tips and strategies used by global property investing veterans

                READ MORE

                Explore Our Latest Posts

                 

                Learn how to invest and purchase property abroad…

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                PRE-REGISTER

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                Valencia, Spain Sep. 17-19, 2025
                LEARN MORE
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                MORE EVENTS

                Contact Our Events Team:

                Toll-Free U.S. and Canada:
                1 (888) 627 8834

                From Outside North America:
                1 (443) 599 1221

                Working Hours
                Monday – Friday 08:00 am – 17:00 pm EST.

                Reach us with your questions by email at: events@liveandinvestoverseas.com

                Store

                Overseas Havens Reports

                • Expats' comprehensive destination guides

                Conference Kits

                • Hours of coverage  from our latests conferences

                Lahardan Books

                • Titles on living and investing around the world

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                THE 10 BEST PLACES TO RETIRE IN 2025

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