Last week I published a long article on the real estate market in Medellin, Colombia. In the article I gave the example of an apartment that gives investors a very appealing yield.
In this video below, Mauricio and I went to visit a lovely apartment in one of the best neighbourhoods in Medellin that can give investors a net rental yield of 7%. Mauricio also showed me one of Pablo Escobar’s alleged real estate investments…
As a reminder, how does one get such high rental yields in Medellin?
By targeting the mid-term market which is mostly American digital nomads.
Millions of Americans can now work entirely remotely, many want to leave the US and its toxic politics behind, and they are typically high-earning, unlike their poor cousins in Europe.
The want to work in a more affordable environment, with good weather, a good brand name, and in the same timezone as in the US. Medellin, along with a few other destinations, fits the bill, and is undergoing a true boom.
From an investor’s perspective, a combination of low per m2 purchase prices and high rents makes for an appealing proposition.
You can watch the video here.
If you want to get in touch with Mauricio, feel free to do so here.
To a World of Opportunities,
The Wandering Investor
Articles on Colombia:
- Making a Real Estate Investment in Medellin, Colombia
- Making a Real Estate Investment in Cali, Colombia – the next frontier?
- Is it too early to make a Real Estate Investment in Bogota, Colombia?
Services in Colombia:
- Real Estate Lawyer in Colombia
- How to obtain residency in Colombia
- My favourite real estate agent in Medellin
If you want to read more such articles on other real estate markets in the world, go to the bottom of my International Real Estate Services page.
If you want to discuss your internationalization and diversification plans, book a consulting session* or send me an email.
*a consulting session is a discussion about your portfolio and objectives. It does not constitute legal, financial, tax or investment advice.