Profitable Investment Real Estate For Sale in Colombia
Colombia can be found in the northwestern region of South America, and is famed for having two coastlines, with one on the Caribbean Sea side and the other on the Pacific Ocean side, which gives real estate investors and private property buyers choices of location.
Key investment locations in Colombia are Bogotá, the capital city of Colombia, Medellín, Cartagena, Barranquilla, Cali, and Santa Marta.
Colombia has several countries with borders that are Venezuela to the east, Brazil to the southeast, Peru to the south, Ecuador to the southwest and finally Panama to the northwest.
Popular areas of Colombia with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
