OFFPLAN NEWS

(06.08.2007 )
Real estate in Colombia Colombia: it’s a buyers market

When lasting peace in Colombia returns, the economy will boom, international investors and corporations will return, and, the prices of the previously cheap Colombian properties will skyrocket. We have seen this rapid economic change take place in other Central and South American countries when they have resolved their civil conflicts.

And, here in Cartagena, every day, we see positive changes-new construction taking place on projects that have been “mothballed” for years.
For the first time in decades, the general population is showing positive signs that they believe: “the wind is changing in the right direction”-toward a lasting peace.

We don’t expect a real estate “boom” to occur until the entire country is safe. But, already, there are many individual investors, and new businesses pumping serious money into our local economy. In confidence, many believe they are investing: “ahead of the crowd”, taking advantage of current low prices. Judge for yourself. Come and visit Cartagena, for a vacation, and to see firsthand: It’s a Buyer’s Market.

Our best advice to Cartageneros who ask if now is a good time to sell: we tell them in all honesty: “NO, if you don’t need the money, hold on to your property, and wait for a big payoff!” We believe it will come, sooner than later. Because of the poor economy, there are many who MUST SELL. There is an over supply of good investment grade properties of all types.

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»(06.08.2007 ) Real estate in Colombia Colombia: it’s a buyers market
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