A Once in a Lifetime Opportunity – buying property in Medellin right now.
With the Colombian peso falling over 40% in the last 4 years against the US dollar and the British Pound and the price of property relatively inexpensive now is a once in a lifetime opportunity to consider investing in Colombian property in particular, in the “city of eternal spring” Medellin, Colombia.

The “city of eternal spring” in Colombia, is still trying to overcome its association with the now-deceased drug lord Pablo Escobar. The good news for homebuyers is that this unfortunate history kept the city’s real estate prices low compared to the rest of the country — and now it’s a lot safer to live there. Despite the fact that prices are increasing an average rate of 8% each year, you can still find a good two-bedroom apartment for less GBP 70k (USD 100k).

The incredible transformation of Colombia’s second-largest city is garnering attention from both adventure-loving tourists and retirees. It’s a great time to invest in real estate there, particularly in the El Poblado neighbourhood. Also, the cost of living is cheap which can support a great life style for those people looking to relocate. If you invest USD 200k in Colombian property you can benefit from obtaining a Colombian passport in just 5 years.

So make the most of this once in lifetime opportunity to benefit from a undervalued currency and property market for serious capital gains in the long term.

 

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