Population: 47,698,524
Capital City: Bogota
Climate: Tropical, Isothermal
Language: Spanish
International Dialing Code: +57
Chief of State: Iván Duque Márquez
Colombia is quietly becoming one of the world’s top overseas havens. From colonial Bogotá to friendly Medellín, this corner of the world is shedding the stigma that has lingered since Pablo Escobar’s death over 25 years ago.
These days, Colombia is a solid stable democracy on the move. The country is on strong economic footing, showing impressive growth, boasting a powerful industrial base, and enjoying an energy surplus, thanks to its abundant natural resources.
Importantly for retirees and expats, Colombia is home to the best health care in Latin America, with well-equipped hospitals and excellent service available at very affordable prices.
Here you can have a premium lifestyle at a low cost. Monthly expenses might reach between 50% to 60% less than back in the United States.
On top of the fantastic financial opportunities, Colombia offers great beaches, great weather, fascinating culture, and friendly people.
The investor: Prices are an absolute, global bargain. Costs of getting in are low, and demand is growing at an accelerated rate. In Medellín, you could buy almost anything and feel confident that you could make money. Rental yields are running from 8% to 14% on good properties.
The retiree: Colombia, specifically Medellín, the City of Flowers and Eternal Spring, is well on its way to becoming a top destination among North American retirees.
The second-home buyer: We’re seeing people who are spending their summer in the United States or Europe but skipping out on the ice and snow by wintering in places where they can leave their windows open day and night, all year. These folks are bypassing the old-school snowbird haunts like Arizona and Florida and opting instead for the romance, the excitement, the adventure, and the affordable high-end lifestyle on offer in cities like Medellín.
Colombia is quietly becoming one of the world’s top overseas havens. From colonial Bogotá to friendly Medellín, this corner of the world is shedding the stigma that has lingered since Pablo Escobar’s death over 25 years ago.
These days, Colombia is a solid stable democracy on the move. The country is on strong economic footing, showing impressive growth, boasting a powerful industrial base, and enjoying an energy surplus, thanks to its abundant natural resources.
Importantly for retirees and expats, Colombia is home to the best health care in Latin America, with well-equipped hospitals and excellent service available at very affordable prices.
Here you can have a premium lifestyle at a low cost. Monthly expenses might reach between 50% to 60% less than back in the United States.
On top of the fantastic financial opportunities, Colombia offers great beaches, great weather, fascinating culture, and friendly people.
The investor: Prices are an absolute, global bargain. Costs of getting in are low, and demand is growing at an accelerated rate. In Medellín, you could buy almost anything and feel confident that you could make money. Rental yields are running from 8% to 14% on good properties.
The retiree: Colombia, specifically Medellín, the City of Flowers and Eternal Spring, is well on its way to becoming a top destination among North American retirees.
The second-home buyer: We’re seeing people who are spending their summer in the United States or Europe but skipping out on the ice and snow by wintering in places where they can leave their windows open day and night, all year. These folks are bypassing the old-school snowbird haunts like Arizona and Florida and opting instead for the romance, the excitement, the adventure, and the affordable high-end lifestyle on offer in cities like Medellín.
Bright and early this morning in sunny downtown Medellín, Lee Harrison welcomed the crowd to our 7th Annual Live and...
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Read moreWhen establishing a Plan B or backup residency, most people look for the easiest option... but "easiest" isn't a one-size-fits-all concept. This debate came up during a conference call with my editorial team earlier this year. We realized that we'd used the term "world's easiest residency" in two different articles, one referencing Colombia, the other Panama. In fact, both things are true. Panama is the easiest place to qualify for residency... but Colombia's process is easier, meaning its visa is...
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