• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result

Medellin Tops Property Investment Markets For 2016

Lee Harrison by Lee Harrison
Feb 02, 2016
in Panama, Real Estate
0
Property in Medellin, Colombia
209
SHARES
3k
VIEWS
Share on FacebookShare on Twitter

The Two Top Property Investment Markets For 2016

Ever since I boldly predicted that The Beatles would fade away by the end of 1965—overshadowed by The Dave Clark Five—I’ve learned to be wary of making predictions.

But predictions are part of the business when it comes to buying property abroad (or writing about buying property abroad). Any time we buy a piece of real estate—for anything other than strictly personal use—we’re making a prediction that its value will improve… or that it will produce an income… or that the country it’s in will continue to provide us with favorable conditions. In some cases, we’re hoping all those things prove good bets.

Making predictions is easier and safer when you’re able to work from proven track records. In that spirit, I offer my picks for the top two property investment markets of 2016. In each case, these are markets we’ve been researching, scouting, following, tracking, reporting on, investing in, and profiting from personally for some time.

That is, these are not new recommendations but proven ones. Further, in each case, the market fundamentals and prospects are as strong as or stronger than they’ve been in all the time we’ve been making our endorsements.

Meantime, in one case, exchange rates are presenting a window of opportunity too extraordinary to ignore.

Medellín, Colombia Still Has Lots Of Room To Run

I’m speaking of Medellín, Colombia, a market Live and Invest Overseas has been recommending for seven years. When we first shone the light on this market in the shadows, the world scoffed. Today many are jumping on our Medellín bandwagon.

That said, looking ahead through 2016, we are more bullish on this market than ever. Colombia continues on a strong track overall. Medellín is prettier, livelier, and more prosperous than when we first laid eyes on her seven years ago. Today, the expat community here, non-existent when we arrived on the scene, is established and growing.

And, most important, the U.S. dollar is at an all-time high versus the Colombian peso. If you missed out when we first told you to take a look at what Medellín has to offer, this is your second chance.

Why We Like It:

Medellín enjoys beautiful year-round weather with an average daily high temperature of 84° F (29° C) with only one degree of seasonal variation. No matter when you choose to visit, you can count on the weather being nice.

Also, Medellín has sufficient rainfall to keep everything lush and green and to turn the drought concerns of western North America into a distant memory.

Medellín is our first choice for full-time, city living. The upscale neighborhood of El Poblado is walkable, safe, and attractive, with lush parks and lots of trees. The city is clean and bright, and has more restaurants, cafés, and nightlife than you could experience in a lifetime.

What’s more, when living in Medellín, you can enjoy all of the conveniences that you have back home.

Why You Should Invest:

There are two big reasons why Medellín is a great place to invest in 2016: the lingering Medellín Cartel stereotype and, as I’ve suggested, the strength of the U.S. dollar.

The stereotype is a holdover from the late 80s and early 90s when the Medellín Cartel and Pablo Escobar ruled in Medellín. Pablo died 22 years ago in December 1993… but most Americans have long memories and little knowledge of world events, so his reality lives on in many peoples’ minds.

This false reality has kept prices low in Medellín and throughout much of Colombia.

Meanwhile, people under 50—for whom Pablo Escobar is a historic figure like Al Capone or Bonnie and Clyde—are coming to live and work in Medellín. Also, savvy retirees who know the real situation are buying in record numbers.

What’s more, mainstream media (like New York Times Travel) are now recommending Medellín to their readers.

I believe the dissolving stereotype and the increased mainstream attention will continue to push prices up in Medellín in 2016.

The second factor is the U.S. dollar. It’s been on a tear since mid-2014 and now has about 79% more buying power than it did at that time. A condo valued at US$150,000 in 2014 is now selling for just US$84,000… a US$66,000 discount.

I’d invest in Medellín sooner rather than later, since the impact of both factors (the dying stereotype and the strengthening dollar) will fade as time goes by. I think the dollar will have levelled by mid-year, so investors need to be shopping now.

Lee Harrison
Editor, Overseas Property Alert

P.S. I’ll pick this up here tomorrow with my recommendation for the second top property investment market of 2016, another market with a proven track record and, like Medellín, even brighter future prospects.

Comments

Tags: 'Lee Harrison'Global Property Summitinvest panamaLief Simonproperty panamareal estate panama
Share84Tweet52
Previous Post

Where Can You Profit From Property Overseas?

Next Post

Panama City Is A Top Property Investment Market For 2016

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.

Related Posts

Carvoeiro town and beach in the Algarve, Portugal.
How to

Some Helpful Tips Before You Buy Real Estate In Portugal

by Marie Moore
April 14, 2021
0

While I feel very lucky to wake up in my new Portuguese home every morning, it took more than good...

Read more
Bahai temple in Panama.

Two Distinct And Divine Temples In Panama City

April 2, 2021
Bocas del Toro, Panama.

Bocas Del Toro: Calypso Life On Panama’s Caribbean Coast

April 1, 2021
White sand beach in Playa del Carmen, Riviera Maya, Mexico.

Move To America’s Most Popular Expat Destination In 2 Weeks

March 15, 2021
Golf field in Cyprus mountain village.

The Best Golf Destinations Overseas For A Property Investment

March 10, 2021
Sea of Cortez, Mexico.

Top Countries Where U.S. Dollars Get You A Big Discount

March 9, 2021
Cost Of Retirement In Portugal vs. Panama

Cost Of Retirement In Portugal vs. Panama

February 24, 2021
Next Post
Panama City Panama Property

Panama City Is A Top Property Investment Market For 2016

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.

Start Your New Life Today, Overseas

Get Your Free Panama Report Today!

​​Simply enter your email address below and we'll send you our FREE REPORT - 101 Things You'll Wish Someone Had Told You About Panama.
 

how to retire overseas

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2021

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

WANT TO RETIRE OVERSEAS?

Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll immediately send you a free report on the 10 BEST PLACES TO RETIRE in style overseas. Each day you’ll learn about the best opportunities for international living, retiring overseas, offshore diversification and asset protection, and investing in real estate around the world.

Get Your Free Panama Report Today!
 

​​Learn more about ​​​PANAMA and other countries in our free, daily Overseas Opportunity Letter​​, as well as our ​In Focus: ​Panama ​newsletter​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​101 Things You'll Wish Someone Had Told You About Panama.
 

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.