Reportedly in Bogotá and Medellín it is estimated that foreign buyers represent less than 1 percent of the property buyers in the market. It is important to understand this as a foreign buyer. Most Real Estate Buyers in Colombia are Localįoreign buyers of residential real estate in Colombia are very limited. So, if you are looking to buy a property it is nearly impossible to know even a majority of the properties available and agents won’t know all properties available. The bottom line is there is no Multiple Listing Service (MLS) in Colombia. This can help to ensure you aren’t paying too much to buy or rent. So, this site can be used by expats to understand market prices in different neighborhoods in Medellín. However, in Medellín the popular website Espacio Urbano is used by many real estate agencies to list properties for sale or rent. Not having a MLS can also make it challenging to find comps and understand market prices. And real estate agents may not know about a perfect property for you that is available for sale or rent. So, if you are buying or renting this can make it difficult to find all the properties available in the cities in Colombia. There is no Multiple Listing Service (MLS) in Colombia. The following list is in no particular order. In addition, this list is based on research and on my discussions with many expats over the past several years who have bought real estate in Colombia. The following list is based on my own experiences with real estate agents over the past eight years in Colombia as I moved to Medellín. So, it’s important to understand the real estate market in Colombia.And there are several things that real estate agents in Colombia may not tell you. And many real estate agents in Colombia don’t speak much English. The real estate market in Colombia operates differently than the real estate markets in the U.S. Buying or renting a home in Colombia and working with real estate agents in Colombia as an expat can be challenging.
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