New York Times Featured
Paradise Realty in their Colombia House Hunting Story on 8/25/2010

Medellin Real Estate

Colombian culture is quite different from other countries, however the have strong laws to protect property ownership by foreigners who purchase property here. All that is needed to register your deed legally is a valid passport! Of course there are a few legal steps you need to go through, such as using a lawyer to verify the title and sales contract are in good standing. Colombia encourages foreign investment, and has increased security in recent years which has helped Colombia to attract many foreign investors in the past 5-6 years. The Hollywood images of Colombia are not an accurate depiction of real Colombia every day life. Colombians love foreigners, and Medellin is probably the closest thing to heaven on earth. The people are famous for being the friendliest on the planet. Thats what makes selling homes here so easy! Colombia is at the beginning stages of the foreign investment boom in real estate, which Costa Rica and Panama have just experienced. Compared to the rest of South America the property is currently highly undervalued in Colombia.

Medellin real estate sector remains healthy, with only a slight reduction in sales over last year. Government subsidies for the lower and middle class have supported the real estate market while major markets in the world are suffering. Medellin real estate sales are increasing this year after having a slow year in 2009. in 2010 we are looking for an average across the board increase of 10% in property appraisal values. Commercial rental occupancy rates remain steady through out the city. You can read more in our Medellin real estate market report by clicking here.

Be sure to check out the story in the New York Times regarding house hunting in Colombia. The story focused on one of our properties. The article covers market prices, along with typical closing costs and procedures in Medellin, Colombia in detail.

Medellin Real Estate Investments

Medellin Real Estate Investments: Paradise Realty Studios Project is now in process This new studio apartment building will have between 25-30 studio apartments available for property investors. The number of apartments available will vary depending on the demand for different floor plans. The apartment studios will be ideal for travelers who use Colombia as a second home, and ideal for foreign investors who are looking for a managed property investment solution. The design is similar to that of a Bed and Breakfast, where people have private rooms but share general living quarters. This is very attractive for people getting to know a new city and meeting new friends. Additionally its a much more economic solution compared to more expensive studio apartments in El Poblado. This product offering currently has an extremely high demand in Medellin.

Buy your piece of heaven for just 17,000 USD to 21,000 USD! The studio apartments will be constructed in a 5 story building, and will begin selling studios from 33 Million Pesos to 40 Million pesos (17,000 USD to 21,000 USD) are the projected costs for basic plans*. Premium pricing may apply to higher floors, or larger apartment suites. *Project plans subject to change varying on individual floor plans. Paradise Realty will be managing the studio building, a trusted name in Medellin property management. Investors will be able to see property reports and activity live on the internet via a secure web page. As in the United States, building projects use financial institutions to receive money in order to protect investors. Large financial institutions similar to banks used here in construction projects are called fiduciaries and they receive payments on pre construction projects here in Colombia.The Paradise Studios Building project is expected to be approved and move in to the Construction phase in September 2010.

Construction Projects are on the move: In a time of global recession one often hears of McDonalds, and stores like Walmart making big gains as people cut back on spending. That's goes equally in real estate as the big demand has moved into the middle to lower income neighbourhoods. These are the overlooked areas where one can expect to make big gains with conservative investments!

Medellin has a huge demand for affordable furnished apartment rentals in neighbourhoods zoned as estrata 4, and 5. We are seeing new buildings going up in these areas now, and we expect more foreigners to be living in areas near UPB university to study spanish, and enjoy the lifestyle and nightlife surrounding the newly renovated calle 70, of Laureles. In and around the Laureles areas it is safe to live for a foreigner.

[about Medellin real estate market]

Property Management:

Paradise Realty offers modern real estate management services for properties owners in Medellin Colombia. Currently Paradise Realty offers short term, and long term property management solutions. Our list of happy owners and partner agencies in the furnished apartment business has surpassed 100 properties this year! With the addition of the Paradise Studios building we will be engrafting our online building administration services which will enable all owners to check the status of bills, occupancy rates, and property maintenance.

As we rent apartments we are in charge of all repairs and maintenance while our clients are in the apartments, and in other cases we manage empty properties while owners must be traveling around the world. Modern communications allows us to stay in touch with owners across the world. From keeping utilities and bills paid while your away to repairing your property Paradise Realty in Medellin keeps your property in shape while your away. Many of our international clients offset expenses by renting furnished properties while they are traveling, or working outside of Medellin Colombia. Contact Paradise Realty for high quality property management services in Medellin and Santa Marta. Realtor management services you can depend on 24 hours a day, 7 days a week, all Colombian holidays included. Free consultations for property management!.

Medellin Apartments:

Furnished apartments in Medellin make you feel at home away from home. Medellin apartment rentals give you security, comfort and privacy at a fraction of what a hotel would cost you. All apartments include high speed internet, security, and you don’t get hit with high hotel taxes and fees for friends that spend the night! We are a registered Medellin Colombia Realtor (inmobiliaria en Medellin Colombia).

Medellin Fincas:

We also have Medellin fincas (country cabins), a favourite Colombian past time. Highly recommended for relaxing, and romantic weekend getaway vacations. All Colombians love having the opportunity to get away to Colombian Farms, or fincas. Many fincas are simply beautiful houses in the tropical country side with fruit trees, a swiming pool, and a big tikki hut for cooking huge bbq's. Medllin tourism is on the rise, check out the info below on tours, or click here: Turismo en Medellin

Medellin Hotels:

We also offer several economic El Poblado hotel room rentals in small local hotels as well. Small boutique hotels, and hostels offer a personalized touch that you wont get in a big commercial franchise chain hotel. Medellin bed & breakfast hotels offer a family friendly hospitable environment, with a personalized touch. Hang out in the Medellin Tiger Paw Hostel for a few days in a nice neighborhood and get to know some other travelers from your home country. Its always nice to have someone to hang out with while your on vacation, since most the locals do work pretty hard. [Medellin Hotels]

The Next Chapter of Your Life Waits:
Reinvent your life, start a new business, learn a new language, learn a new culture, retire in Colombia, find a compassionate girlfriend, or boyfriend. What are you waiting for? Ask us about relocation services, cost of living in Medellin, Colombia, and Colombia residency. Don't miss this exciting time as Medellin is being reborn. Medellin is full of many opportunities, a few challenges, and well worth it the time.

Life in Medellin:
Learn about the Medellin culture; the people of Medellin, local music, art, history, dating, and life in Medellin. As a person that has lived in many large cities in the United States, I can honestly tell you that Medellin is safer than most large cities in the United States. Medellin is a model city, and a modern miracle. Medellin is a city that has recently been studied and documented as a transformation miracle. Medellin is at peace with itself, and the people are among the friendliest in the world. [Medellin Dating]

COLOMBIA TRAVELER SERVICES:
From private cars with drivers, car rentals and translators services in Medellin. We offer a range of traveler services designed with the casual or business travelers needs in mind.

Which officer a variety different types of tours, from Medellin shopping tours, village bus tours, to industrial and city business tours. We have a wide variety of tour packages to keep you busy and use your time efficiently on your next trip.

Traveling to Medellin Colombia you can experience non forgettable vacations with Colombia Tours, Cultural Events, and of Course the many festivals and events in Medellin Colombia.

Travel Documents for Foreigners and Colombians living abroad: Visas y Tramites Internacionales are experts at getting legal documents apostillized in Colombia, (Colombia Apostille and document legalization) from any country. In addition they certify, translate, and / or for visas, passports, business, marraige, etc. Notaries en Colombia click here. Colombia Consulates and embassies listed here, click here.

Medellin: We offer booking assistance for Medellin tours, Translators, Personal Drivers, Pueblo Tours, Ecotourism, local events and activities.

Santa Marta: In our new Santa Marta office we are expanding tourism and real estate operations to offer a more complete package tour of Colombia to our customers and friends. Discover the Colombian Indeginous (Colombian Indian) culture.

[learn more]