Is it a good investment to buy an apartment to rent out in Colombia?

It depends on the numbers, not the emotion. Look: (1) gross profitability = annual rent ÷ purchase price — in traditional long-term leasing it usually stays between 5% and 8% annually depending on city and area; (2) subtract the real costs: property tax, administration, insurance, maintenance, vacancy and the 4x1000 when moving the money; (3) the legal cap on the annual rent increase (CPI of the previous year) limits how fast your income grows; (4) the appreciation varies a lot by area — the socioeconomic stratum and rental demand matter more than the shine of the project. Compare real sale and rental prices by city at https://colombiamove.com/mercado before deciding, and do not buy off-plan without investigating the construction company.

Michael· 1d agoView 1 listing