Why Get Software Valley Apartments for Sale in Medellin Colombia?
Colombia is among the third Latin countries where it's relatively easier to do business, per the World Bank 2020 report. Naturally, such progressive ratings have inspired a significant demographic of academics and aristocrats from across the globe to invest in Medellin City. Among the foreign investments, the apartments for sale in Medellin Colombia regions remained the cream of the crop.
A handful of critical factors have been swelling the cost of these properties, and it's only rising hereafter, with the city becoming the Software Valley of Latin America. But, what you should focus on are the investments brought in by international tech firms like Alibaba and Mercado Libre, etc.
These investments are bringing multifold opportunities to the city and the nation, and here's all you should know about it.
Top Reasons Medellin Colombia Real Estate Will Consistently Boom
Closeness to America
The short proximity between Miami and Medellin is approximately two hours by flight. Such ease of leaving or arriving in the states from Colombia makes Medellin a quick getaway for high-earning Americans. In addition, the availability of connecting flights taking off from Miami to any other city in the world is undoubtedly a win for Medellin, Colombia.
Elevated Housing @ Low Costs
High-earning Americans do not mind paying exorbitant rates on class-first mortgages, but in Medellin, they're at an advantage. The economic power of the peso against the USD practically obtains them every luxury at nearly a quarter of the cost. So, it's a no-brainer that the foremost investors in Medellin, or a majority of them, shall be Americans.
Global Connections
The Medellin airport is undergoing construction expansion after Viva Air increased its international connectivity options. Medellin flights now fly up to fourteen times per week to Miami, Lima, Mexico City, Cancun, and Orlando. In addition, flights to destinations Buenos Aires, São Paulo, and Santiago de Chile are connecting soon. Such increased connectivity surely increases its tourism prospects beyond strengthening its traffic growth.
Tropical Getaway
Now, it wouldn't be all too fair to call Medellin a tropical respite since it's unlike Bali. However, its environment & climate conditions are perhaps super optimal and can be experienced practically every season around the year. Hence, providing renting options to temporary tourists can be incredibly lucrative for owners, especially during festivals and spring days.
Best Medellin Real Estate Apartment Investment Options
The specifics regarding which properties you should pick should only be entrusted to someone professional like the Medellin Advisors team. As for the neighborhoods that you should keep in mind are three, in particular, i.e., El Poblado, Provenza, and Parque Lleras. These three areas receive high tourist footfall besides hosting fine dining options.
Alternatively, a quieter but expansive neighborhood is the Laureles, where tourists vacation for months by renting houses. It has good connectivity with the local transportation options, and the previously mentioned neighborhoods are also a short walk away.
But these are only a few popular options for investing in apartments in Medellin. Several other areas are undergoing rapid development, and historically, the newer neighborhoods will always fare higher echelon projects. So be sure to ask Medellin Advisors to get you the best apartments for sale in Medellin, Colombia, after mentioning your preferences!