Buying Luxury Property in Colombia as a Rental Investment

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.

Buying a luxury rental property as an investment involves a combination of traditional real estate fundamentals and the unique considerations that come with high-end properties.

As an investor are the aims cash flow, appreciation, or mixture of both that is the expected result, and is this investment property a short-term rental or long-term lease.

The property may be used personally as well as being an investment for part of the year which is termed a hybrid investment, and this will depend of the net-worth of the individual, and how much personal usage is being considered.

A luxury property that is to be used as a rental property, has to be located in desirable areas for it to appeal, areas such as those with water views, seclusion, night-life and recreation activities.

Those with a high-income are often the types to look for a luxury rental in tourism or executive relocation market. To find just where are the BEST luxury rental properties in Colombia, that are listed for sale as investments by real estate agents, will start with an online search via a listings portal.

When investing, due diligence is essential in any investment transaction, tax rates, and any local regulations should be reviewed etc. Hiring a real estate attorney is an essential part of the purchase process to ensure all legal paperwork is handled properly.