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Home Real Estate

Where To Invest In Real Estate In Medellin, Colombia

Kathleen Peddicord by Kathleen Peddicord
Apr 15, 2014
in Real Estate
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Property in Medellin, Colombia
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The World’s Best-Kept Property Investment Secret

“Pablo is dead.

“There. That’s my presentation.”

Rich Holman made a move as though to leave the stage.

“Seriously,” he continued, after the laughter in the room died out, “that is all you need to know about Medellin, Colombia.

“The world and especially Americans are afraid of Medellin,” Rich went on, “mostly because of Pablo Escobar. But, again, Pablo is long dead.

“Escobar has caused a lot of trouble for the city of Medellin, but, the truth is, he’s also providing a service for us global property investors. He’s keeping prices down. Real estate prices in this city are seriously undervalued because the world doesn’t understand what this city really is. And that’s all thanks to Pablo.

“What is Medellin really?” Rich asked the crowd. “It’s Latin America’s best-kept secret.

“Who here has been to Medellin?”

Eight or nine people raised their hands.

“OK, great. Keep your hands up,” Rich instructed.

“Now, everyone else in the room, take note of those with their hands raised. At the break, ask those folks what they thought of Medellin.

“I’ll save you the suspense of waiting for their answers. I’ll tell you now what they all thought of Medellin. They loved it.

“How do I know? I know because I have never met any expat who has visited Medellin and didn’t love it. The challenge isn’t selling Medellin to anyone who has ever seen it. The challenge is getting people to go take a look. Once you’ve seen it, the city sells itself.”

Thanks to Medellin’s status as the world’s best-kept property investment secret, you can buy here, at the best addresses in town, for as little as US$800 per square meter…and you can rent for a net yield of 8% a year.

In addition to that ongoing cash flow, you’ve got the potential for currency upside (which, yes, can also go against you…though it’s worth noting that the Colombian peso is up 35% against the U.S. dollar since 2009 and is expected to continue on an upward course) and capital appreciation.

As Lief told the group this morning, “When investing in a rental property anywhere in the world, you don’t want to count on appreciation. Make your buy decision based on your yield and cash flow projections. Then any capital appreciation you may enjoy is the icing.”

That said, property values in Medellin have increased a steady 5% to 7% per year for the past five years (fear of Pablo notwithstanding), and we expect this trend to continue for several years more.

A rental property investment in Medellin buys you a hard asset in a market with an expanding middle class and an appreciating currency. It also buys you a pied-a-terre in one of the world’s premier cities.

Lucky for you, few others have figured this out.

Yet.

Kathleen Peddicord

Continue reading: Details Of The Pensionado Discount In Panama

Tags: 'Property In Medellin''Real Estate In Medellin''Rentals In Medellin'
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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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