WHY INVEST IN MEDELLIN

There are many reasons to buy, rent, and invest in a property in the extremely beautiful city of Medellin, Colombia

Opportunity

Medellin is a rising city and its progress is revealed by the large quantity of ongoing construction and new projects all over the city. This phenomenon will make the prices of the real estate very affordable now and will turn into a great investment within a few years with yearly appreciations from 35% to 65%.

Once you decide to invest and buy real estate in Medellin, you can let a professional and experienced firm, like AIG, manage your property. The number of foreign and local visitors looking for accommodations in this amazing town is increasing rapidly and constantly, meaning that if you can only visit your property in Medellin 3 or 4 times per year, you can always rent it the remaining months, so not only will you be not only making money on a high yearly appreciation of your property but also with monthly rental income.

AIG will help you and guide you step by step with any process you may need, from helping you choose a property to buy/rent/invest to furnishing and/or renting your property.

Safety

Current Colombian President, Alvaro Uribe, has done an outstanding job since he took office in 2002, especially when it comes to security and safety for all inhabitants and foreign visitors, particularly in the city of Medellin, where local government and authorities have been very involved with society’s progress, led by then Mayor, Sergio Fajardo, and have helped the city rise by encouraging and promoting city programs and campaigns that have led to changing guns and violence for books and education, leaving the city’s bad reputation of a decade ago in nothing but a mere bad dream, thus making this city a very safe place for Colombians and all people all over the world.

Its People – One of a Kind…

Just one of the many things that foreigners love about this place is the warmth of all its inhabitants. They will make you feel right at home, unlike most places in Colombia and many other places around the globe. Paisas, people from Medellin, are extremely kind and helpful, without discrimination of race, religion or any other aspect, not to mention the world wide known beauty (in and out) of its women!

Price and Currency

The price of a property built with high quality materials in the best areas of Medellin is very inexpensive compared to the price of a similar property in the United States or Europe, where the average price per square foot for new construction in Miami is as high as $400 USD to $600 USD per square foot. The price for new, top end construction in the best area of Medellin is $130 USD per square foot.

On the other hand, European currency is much stronger than the Colombian peso, and even though the price of the dollar has dropped, it is still much stronger than the peso; these factors combined with the low local prices make Medellin a great place to invest!

Weather

Medellin is known as “The City of Eternal Spring” or “La Ciudad de la Eterna Primavera” because of its wonderful year-round average climate of 75ºF (24ºC) that will allow you to enjoy the activities of the city at all times of the day, making this city the perfect spot to visit, live in or even work.

Transportation

Medellin offers a large variety of very economical and safe options for any person with or without a private vehicle.

Taxis: The taxi fare compared to the United States or Europe is extremely low. The minimum fare is only 3,200 Colombian pesos (approximately $1.75 USD), and you could go from one end of city to the other for about 30,000 Colombian pesos (approximately $16 USD).

Buses and Microbuses: Medellin is by far Colombia’s most organized city and traffic is not an issue, so even the slowest mode of transportation will get you rapidly to your destiny. Buses and microbuses are a very effective and economic way to reach your destiny. They cover the whole city and even neighbor towns. The fares go from 1,200 Colombian pesos (approximately $0.65 USD) to 1,700 Colombian pesos (approximately $1 USD).

Metro: Medellin is proudly the first and only city in Colombia to use this type of transportation. It covers most parts of the city. A one way ticket costs 1,300 Colombian pesos (approximately 0.7 USD), and more economical packages of 5, 10 and 20 tickets are also available.

Cable car: There are parts of the city that are not easy to access by car or a large bus, so you can transfer from the metro station to the cable car for no extra cost. This cable car is only available for certain areas of Medellin.

Walking: Many of our properties are located in the best area of Medellin, El poblado, but regardless of the location where you decide to visit/acquire a property in Medellin, you will notice that restaurants, malls, stores, nightclubs, are often located within walking distance.

Activities

Medellin has a natural beauty and as Colombia’s second largest city, is nestled in the valley of breath taking mountains and country side, but also offers the “big city” activities and a large variety of cultural, educational, and recreational activities such as:

Museums, concert halls, historic churches, spectacular golf courses, horse back riding, parasailing, Botanic Gardens, Zoo, the most beautiful shopping malls in Colombia, and traditional festivals such as the Feria de Las Flores (festival of flowers) which attracts visitors from around the world, Feria Taurina de La Macarena (Bull Fighting), and the Los Alumbrados (Festival of the Lights), a spectacular display of lights during the holiday season.

Medellin has a lot more to offer. The night life in Medellin is something foreigners can enjoy since there are many Bars in Medellin, especially in “Zona Rosa” in Parque Lleras, where most of the restaurants offer typical food, not to mention the exquisite International Dishes before going to a Disco or night club.