As an expat in Colombia, you stood at the threshold of one of the most promising and profitable investment markets in Latin America. However, navigating this landscape required the right knowledge and expert guidance. That’s exactly what the LUMEN Real Estate Investment Forum in Medellín provided. By attending, participants gained exclusive access to invaluable insights from seasoned professionals, who addressed all their questions and concerns about investing in Colombia’s dynamic real estate market. Furthermore, the forum presented an incredible opportunity to explore investment strategies that could significantly transform their financial future.
Discover the highlights of the LUMEN Real Estate Investment Forum event and learn more about the Colombian market and its business leaders.
Medellin Guru Present at the LUMEN Event
As a leading guide for expats and investors interested in Colombia, we were proudly present at the LUMEN Real Estate Investment Forum in Medellín.
Our presence not only underscored the importance of the forum but also reinforced our commitment to providing reliable and updated information about the opportunities available in Colombia’s dynamic real estate sector.
During the event, Medellín Guru engaged with industry leaders, investors, and attendees, sharing expertise and gathering new perspectives on the market. Their involvement further enriched the forum’s goal of fostering transparency and collaboration, making it a standout experience for all participants.
The insights shared by the various speakers offered valuable perspectives that align with the interests of Medellín Guru’s audience, enriching their understanding of investment opportunities in the country.
The knowledge gained from the forum’s expert presentations will significantly enhance Medellín Guru’s future content, ensuring that readers receive accurate, practical, and up-to-date information tailored to their needs.
How did the event take place in Medellín, and why was it created?
The LUMEN Real Estate Investment Forum originated from the need to provide an educational and networking space for investors, both local and foreign. According to the event organizers, this forum was designed to empower participants through clear and accessible information, offering a historical context on the growth of the real estate sector in Colombia. With a focus on transparency and trust, the event established itself as a reliable platform for those seeking to better understand the market. Through the exchange of knowledge, positions, ideas, and concepts, attendees contributed to dynamic discussions that culminated in valuable conclusions, agreements, and a much more comprehensive understanding of the sector, enriched by the personal experiences of each participant.
Valuable Info about investment for expats in Colombia
As the global landscape continues to evolve, Colombia has increasingly become an attractive destination for real estate investment, particularly for expatriates seeking new and exciting opportunities. In this context, the LUMEN Real Estate Investment Forum provided a unique platform for individuals to delve into the nuances of the Colombian market, connect with industry experts, and gain valuable insights into investment strategies specifically tailored for foreign investors.
Attending this forum was not only beneficial but essential for expatriates looking to navigate Colombia’s dynamic real estate landscape. The event offered exclusive access to information on the market’s growth, investment potential, and the legal and financial considerations involved in investing as a foreigner. By engaging with top professionals in the field, attendees were able to refine their investment strategies, expand their network, and make well-informed decisions that could lead to long-term success in Colombia’s thriving real estate sector.
1. Advantages of investing in Colombia as a foreigner
Colombia has become an attractive destination for foreign investment, primarily due to its growing economy, cultural diversity, and strategic location in Latin America. As a result, investing in this country offers expatriates a range of unique advantages that can lead to significant opportunities. For instance, the possibilities are plentiful, including access to an expanding market, tax incentives, and increasing demand in the real estate and tourism sectors. Additionally, in the following sections, we will explore the key benefits of investing in Colombia as a foreigner, thereby highlighting why this country represents a viable and promising option for international investors.
Credit Beneficiary
The public and private sectors have implemented mechanisms to facilitate housing acquisition from foreign investors. For example, some bank entities such as Bancolombia and Davivienda have allowed flexible options to make your investment safer, quickest, and easiest to understand.
In the case of Bancolombia, the benefit applies to foreigners married to a Colombian or people who meet the first degree of consanguinity. If any of them does not reside in a country authorized for sale, a relative in Colombia may take the credit, and 40 percent of the drafts received in the last three months will be considered additional income. Through this entity, the whole process is virtual. The credit application with Davivienda must be made to an authorized broker in the city or country of residence.
In addition, PropTech platforms such as La Haus or Habi facilitate the purchase of homes from overseas by providing a clear list of requirements that must be met.
Competitive interest rates that facilitate investment in the Colombian real estate market.
A great advantage for foreigners who want to invest abroad is the exchange rate. Earning in dollars or euros and investing in Colombian pesos represents an excellent business opportunity, with an average exchange rate of 4,000 pesos for both currencies.
Recently, the dollar has shown an upward trend; as a result, investors who handle this currency can access properties in Colombia at lower prices than in other markets. Furthermore, the Finca Raíz portal has pointed out that property prices in dollars have remained relatively stable in the Colombian market. This stability, combined with a growing local economy, has made Colombia an even more attractive destination for foreign investors. Consequently, the ability to acquire properties at competitive prices within this thriving economic environment serves as a key factor for those seeking to diversify their wealth.
That’s why you can’t miss LUMEN, the event that will help you gain knowledge and expertise by sharing experiences and topics that will make you the most of your business and investment aspirations in Real Estate.
Competitiveness of Colombia
Housing prices in Colombia are highly competitive compared to other international markets. The cost of living in the country is significantly lower than in nations such as the United States or Spain, making it a great option for foreign pensioners who receive income in other currencies.
According to Camacol, other advantages, such as access to affordable private health insurance, climatic diversity, gastronomic richness, and local hospitality, make Colombia compete successfully with destinations such as Costa Rica, Mexico, Panama, and Ecuador. In fact, Bogota continues to have one of the lowest average values per square meter in Latin America: US$1,295. According to a study by the Centro de Investigación en Finanzas (CIF) of the Universidad Torcuato Di Tella, it is only surpassed by Quito (US$1,195).
However, it’s important to mention that if you feel yourself attracted to these options, the best you can do is search for expert advice that guides you through colombian laws and requirements. Our reliable partner, Real Estate by expatgroup.co, not only brings you an important guide to buying property as a foreigner but can also handle your interests, doubts, concerns, and needs through the advice of their experts.
2. Alternatives for investing in real estate in Colombia
Investing in housing in Colombia offers an excellent opportunity to capitalize on economic growth and participate in a real estate market with great potential. One of the main advantages is the diversification of the investment portfolio, protecting against inflation and benefiting from the long-term appreciation of real estate. Furthermore, housing investment in Colombia presents several interesting and profitable business models in addition to the traditional leasing and buying and selling of real estate, such as short-term rentals, which allow you to generate higher profits by leasing your property for shorter periods of time.
Colombian real estate offers attractive returns through sale and purchase or leasing, especially in areas of high tourist and business demand such as Medellín, which benefits from platforms such as Airbnb and Booking. According to Airbnb’s latest study on short-term rentals in Colombia, in 2021, short rentals in Colombia generated revenues of more than $899 million, representing almost 15% of the country’s tourism activity and creating more than 64,000 jobs in sectors such as gastronomy and transportation.
With approximately 120,000 properties listed as short-term rentals, Colombia has emerged as a key destination for tourists. In 2023, it ranked third in Latin America for short-term rental earnings, and according to ASOHOST, the Colombian Association of Tourism Service Providers through Digital Platforms has positioned the country as number 14 worldwide in short-term rentals for 2024 and projects a 7% growth for 2024, being Medellín, known for its innovation, sustainability, and high quality of life, which remains a major attraction for international investors.
Furthermore, Colombia’s real estate market is supported by policies that promote foreign investment, a robust legal framework, and increasing interest from the Colombian diaspora. In 2023, foreign investment grew by 16%, further boosting confidence in the country’s real estate sector.
In general terms, the Colombian market offers several advantages, such as a constantly growing market, competitive prices compared to other global cities, and high appreciation potential. In 2023, real estate appreciated by 4.51%, and home sales and purchases are expected to grow by 6.6% in 2024, consolidating Colombia as a safe and profitable destination for real estate investment with serious alternatives for investing in Real Estate.
3. New potential markets for foreign investors
One of those is the Real Estate Securities Market, which is becoming an accessible reality for both local and international investors. According to Jimena Maya, Strategy, Innovation, and Communications Manager at Pei Asset Management, this investment alternative is gaining traction as one of the most promising markets for foreign investors.
One attractive option for investors is the real estate investment trust (REIT) market, which allows individuals to own a share of a diverse portfolio of real estate assets. Moreover, this model offers geographic and category diversification, as well as exposure to a variety of tenants, making it an appealing choice. Notably, investors can access a high-quality portfolio of properties for as little as 100,000 COP (26 USD). In addition, many of these properties hold sustainability certifications, which further enhances their attractiveness.
Furthermore, this investment model has been popular globally since the 1960s in the U.S. and has since expanded throughout Latin America, including Colombia. As a result, international investors can participate through the Bolsa de Valores de Colombia (BVC), often investing in indices like the COLCAP, which comprises various real estate assets. Consequently, this access simplifies entry into Colombia’s growing real estate market for global investors.
Given the complexity of international transfers and Colombian banking regulations and the doubts you might have during all these investment opportunities, working with a specialized real estate agency can be highly beneficial. They can assist with navigating these regulatory requirements, ensuring that your transaction adheres to all legal norms and is processed smoothly in the most understanding way.
Medellin Guru Real Estate Service
Our reliable partner, a leading real estate company, offers a wide range of services:
- Transfer funds to Colombia
- Legal analysis property background checks
- Sales agreement
- Deed registration
- Legal representation
- Investment visa
4. Expert Minds Helped to Explore the Real Estate Market
Navigating the real estate market can be a complex and challenging journey; consequently, it was essential to be guided, advised, and inspired by experts in the field. At this event, attendees had the unique opportunity to learn from ten industry professionals who shared their invaluable insights through keynote speeches and specialized sessions. Furthermore, their expertise not only deepened the attendees’ understanding of the real estate landscape but also equipped them with the knowledge and confidence to make informed investment decisions in today’s evolving market. Below, you will find additional information about these experts:
Lisandro León Liguori
An innovative luxury-focused hotel group that includes AKEN Hotels & Resorts among its brands.
Nicolás Pérez
Ana María Estrada
Esteban Posada
Over 20 years of experience in the financial sector. Former National Manager of the Construction Segment at Scotiabank Colpatria. Partner at Estructuras y Desarrollos S.A. (Real Estate Developer) and Consulting Partner at Vínculo Consulting.
Juan José Aramburo
Leading an innovative vision in the Colombian real estate sector since 2012. Based in Medellín, he promotes developments that combine hospitality and sustainability, such as Wake, the first carbon-neutral project in the city, among others.
Luis Restrepo
Daniel Toro
With over 12 years of experience in the venture capital industry, leading successful investments in sectors like foodtech, fintech, proptech, and more, I channel investments into the real estate sector and startups.
David González
Extensive experience in financial and wealth management. Has supported major investments in Colombia and the USA.
Juan Fernando Vélez
Alejandro Uribe
Daniel Jaramillo
Visionary leader in real estate investment and management, innovation, and excellence. Co-founder of SP Developments.
Nicolás Rodríguez
Investment Director at ACI Medellín, leading the investment attraction strategy for the region, with over 10 years of experience in entrepreneurship and innovation projects, international business, foreign direct investment, and global marketing in entities like Procolombia, Ruta N, and Innpulsa.
Sergio Mejía
Jaime Aristizábal
With years of experience in guiding foreigners through immigration processes, real estate investments, and business creation, Jaime has built expatgroup.co into a trusted resource for those looking to establish their lives in Colombia.
Isabella Wuman
Pablo Tirado
Business Administrator, and Finance Specialist with 11 years of experience in the construction and banking sectors. Through 360Lateral, he is transforming the industry with disruptive solutions, driving new real estate developments and asset management.
Estefanía Correa
Business Engineer from EIA; expert in retail commercial management of local businesses.
Mateo Castrillón
Co-Founder of Man& Obra. Industrial Engineer, specialized in hotel real estate project management.
Juan Saldarriaga
Co-Founder of Man& Obra. Industrial Engineer, specialized in hotel real estate project management.
Frequently Asked Questions about LUMEN Real Estate Investment Forum in Medellín, Colombia
The LUMEN Real Estate Investment Forum is a premier event designed to bring together local and international investors interested in exploring the potential of Colombia’s real estate market. It offers a platform for participants to learn from industry experts, engage in insightful discussions, and connect with professionals in the real estate sector.
The event will be held on November 16, from 7:00 AM to 11:00 PM, at Cl 10A #34-11 Medellín, Antioquia, Colombia.
The forum is ideal for expatriates, foreign investors, and anyone interested in learning about Colombia’s real estate market. Whether you’re looking to make your first investment or expand an existing portfolio, this event offers essential insights and expert guidance to help you make informed decisions.
At the LUMEN forum, you’ll hear from 10 leading experts who will cover a variety of topics, including real estate investment trends, financing options, sustainable tourism, and alternative investment strategies. These insights are tailored to help both local and international investors understand and navigate the real estate market in Colombia.
Colombia has become an increasingly attractive destination for foreign investors due to its growing economy, strategic location in Latin America, competitive real estate prices, and favorable investment policies. The country offers strong returns on investment, particularly in the real estate and tourism sectors.
Yes, international investors can easily participate in Colombia’s real estate market. The country has policies that encourage foreign investment, a solid legal framework to protect property ownership, and access to financing options through local banks. Additionally, there are platforms like the Bolsa de Valores de Colombia (BVC) that facilitate investment in real estate securities (REITs).
As an expat, attending the LUMEN Real Estate Investment Forum allows you to gain valuable insights into Colombia’s real estate landscape. You will learn about market trends, financing options, and investment strategies that cater specifically to foreign investors. Plus, you’ll have the chance to network with other professionals and expand your investment opportunities.
Key topics at the forum include:
- Short-term and long-term investment trends in Colombia.
- Financing sources and credit options for foreign investors.
- Sustainable tourism and its impact on the real estate market.
- Investing with passion through sports and music.
- Alternative investment options and market diversification
You can register for the LUMEN Real Estate Investment Forum on the official event website. Be sure to reserve your spot in advance to secure your place at this valuable event.
Yes, the LUMEN forum provides excellent opportunities for networking. There will be dedicated sessions and a Networking Kickoff event on November 15th to meet other investors, experts, and professionals in the industry.
The LUMEN Real Estate Investment Forum offers personalized insights into the specific challenges and opportunities that foreign investors face when entering the Colombian market. By attending, you’ll receive expert guidance on navigating legal, financial, and market-specific considerations, which will help you make more informed investment decisions.
For registration details and pricing, please visit the official event website. Early registration discounts may apply, so be sure to check for the latest offers.
Are you looking to buy or sell Real Estate in Colombia?
Medellin Guru has partnered with Real Estate by expatgroup.co to provide real estate services to foreigners and locals interested in buying and selling properties in Medellin and across Colombia.
Recognizing our readers’ demand for real estate guidance, this partnership with Real Estate by expatgroup.co, desires to deliver trustworthy and comprehensive real estate services to our audience.
We chose to collaborate with Real Estate by expatgroup.co for buying and selling real estate services for several reasons:
- Real Estate by expatgroup.co is recognized globally and is a familiar brand for foreigners.
- As one of Colombia’s largest realtor companies, Real Estate by expatgroup.co has extensive coverage throughout the country, enabling it to serve various locations in Colombia.
- They boast a robust team of agents, many of whom are bilingual in English and Spanish.
- Real Estate by expatgroup.co ensures fair pricing through a thorough Comparative Market Analysis (ACM).
To access this real estate partner service from Real Estate by expatgroup.co, click the button below, complete a brief form, and receive a complimentary consultation offering insights into the local market, current pricing, and tips for buying or selling properties.
Medellin Guru Blogs: Real Estate Series
On the Medellin Guru website, we have a comprehensive and up-to-date guide to buying, selling, and renting apartments and choosing a neighborhood in Medellin found in several articles, including:
Buying and Selling Apartments
- Medellin Real Estate: Property Buyer’s Guide for Foreigners
- Selling Real Estate in Colombia: A Guide to Selling for Foreigners
- Mistakes Foreigners Make When Buying Real Estate in Colombia
- Current Costs to Buy New Apartments in Medellin
- Rent vs Buy: Downsides of Renting and Buying Property in Medellin
- 13 Things Real Estate Agents in Colombia May Not Tell You
- How to Obtain a Colombia Investment Visa
Renting Unfurnished Apartments:
- Apartment Rental Guide: Renting Unfurnished Apartments in Medellin
- Guide to Finding Unfurnished Apartments and Casas in Medellin
- Guide to Overcoming the Fiador Requirement in Colombia
- Unfurnished Apartment Rental Costs in Medellin
- 6 Inexpensive Neighborhoods for Unfurnished Rentals in Medellin
- Furnishing Apartments: A Guide to Furnishing Apartments in Medellin
- Apartment vs Casa (House) Rentals in Medellin: Pros and Cons
Renting Furnished Apartments:
Choosing a Neighborhood in Medellin:
Also, we have several articles that can be used to help foreigners choose a neighborhood in Medellin:
- Laureles: The world’s coolest neighborhood for 2023 by ‘Time Out’ is in Medellin, Colombia
- What are the Safest Neighborhoods in Medellin and the Aburrá Valley?
- 5 Best Neighborhoods in Medellin: A Guide to Choosing a Neighborhood
- 9 Downsides of El Poblado: Living in Medellin’s Expensive Neighborhood
- Estratos: A Guide to Understanding Estratos in Colombia
- El Poblado vs Laureles: Which is the Better Neighborhood to Live in?
- El Poblado vs Envigado: Which is the Better Neighborhood to Live in?
- El Poblado vs Sabaneta: Which is the Better Neighborhood to Live in?
- El Poblado vs Belén: Which is the Better Neighborhood to Live in?
- 2018 Unfurnished Apartment Rental Costs in Medellin in 5 Neighborhoods Popular with Expats
- 6 Inexpensive Neighborhoods for Unfurnished Rentals in Medellin
Airbnb in Colombia:
- 9 Strategies to Find Killer Deals on Airbnb in Colombia
- 15 Things to Know Before Investing to Become an Airbnb Host in Colombia
- 10 Airbnb Best Practices for Airbnb Hosting in Colombia
- 9 Tips to Attract Long-Term Airbnb Guests in Colombia
- 7 Strategies for Airbnb Slow Season in Colombia
- How to Identify Problem Airbnb Guests in Colombia Before They Book
- 15 Ways to Increase Your Airbnb Search Rank In Colombia
- How Safe is Airbnb in Colombia? Is it Safe to Use Airbnb in Colombia?
- Airbnb Travel Itinerary for Your Airbnb Guests in Colombia
- How to Get Started on Airbnb in Colombia: A Guide
The Bottom Line: LUMEN Real Estate Forum in Medellin, Colombia
The LUMEN Real Estate Investment Forum in Medellín is an unmissable opportunity for expats and foreign investors to gain expert insights into Colombia’s thriving real estate market. With 10 industry leaders offering valuable knowledge on investment trends, financing options, and market strategies, this event will equip you with the essential tools to make informed and profitable decisions. Moreover, it provides a unique chance to network with professionals and explore new investment avenues. Therefore, don’t wait—secure your spot today and attend it on November 16th to unlock the potential of one of Latin America’s most promising real estate markets!
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