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Home Investing

Live, Retire, Invest In Medellin, Colombia

Kathleen Peddicord by Kathleen Peddicord
May 21, 2014
in Investing
0
aerial view of medellin colombia landscape with the city in the bottom, clouds rise fromt he back of the mountains to cover the sky
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The Colombian Comeback

“I fell in love with the city at first sight, driving down the hill from the airport and Las Palmas. I put Medellin on par with Venice, even, for first impressions…”

–David Lee, Medellin expat

“Why did I choose to base myself in Medellin after having traveled throughout the entire Latin American region? I could say it was the weather. I could say it was the pretty girls. The truth is, it was just everything…”

–David Lee, Medellin expat

“Colombia is like Panama 20 years ago and Costa Rica 25 years ago…”

–Rich Holman, Medellin expat and businessman

“What’s my favorite thing about living in Medellin? The people…the weather…the community…sure…but for me, really, it’s the salsa. I’ve become a very good salsa dancer. And the soccer. Watching a soccer match in the stadium here is a real experience…”

–David Lee, Medellin expat

“If you like three-day weekends, you’ll love this place. There are 26 holidays every year…”

–Lief Simon, Medellin investor

“Colombia is enjoying record-level foreign direct investment and steady economic growth year on year. Inflation is among the lowest in Latin America. Six of the best universities in the region are here and five of the best hospitals…”

—Daniel Gutierrez, Colombian attorney

“My worst day in 8 years in Medellin has been better than my best day in 14 years living in Naples, Florida—and Naples is a pretty nice place…”

–Rich Holman, Medellin expat and businessman

“This isn’t some backwater basket case struggling to recover from its most recent crisis. This is a country with a strong, solid economy that is getting steadily stronger. Current growth rate is 5%, and growth rates are projected to average better than 4% per year through 2018 at least. Further, Colombia enjoys an energy surplus. This country is not energy-dependent on anyone…”

–Lee Harrison, Medellin expat and investor

“Pablo’s dead. Go back, tell your people…”

–Rich Holman, Medellin expat and businessman

“The property purchase process in Colombia is transparent and secure. The cost of buying is about 1% of the purchase price. This is among the lowest in the world…”

–Lee Harrison, Medellin expat and investor

“Colombia offers a number of good visa options. Currently you need US$972 per month to qualify for a pensioner visa. And you can receive your visa in three days once you have all your documents in order…”

–Juan Dario Gutierrez, Colombian attorney

“Congratulations on taking the bold step to come here. I firmly believe you will be very happy you ignored all the friends and family who told you you were crazy to travel to Colombia. You’re going to be awfully glad you mustered the courage and opened your mind to give this place a chance…”

–Rich Holman, Medellin expat and businessman

Kathleen Peddicord

Editor’s Note: Colombia is emerging as one of the world’s top retirement and investment havens. Medellin, especially, offers a perfect-storm opportunity right now to reinvent your life, rescue your retirement, and diversify your portfolio into one of the world’s most promising marketplaces.

Continue reading: Los Islotes Community On Panama’s Azuero Sunset Coast

Tags: 'Property In Medellin'invest in colombiaInvest In Medellinretire to colombiaretire to medellinTravel To Colombia
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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