Real Estate

‘La Haus’ Real Estate Venture Co-Founded by President Uribe’s Sons Nabs US$135 Million Funding from Investors Including Amazon’s Jeff Bezos

Medellin Herald August 2, 2021

Colombia- and Mexico-based real estate search-and-development enabler La Haus announced July 29 that it has raised US$135 million from big international investors including Amazon.com founder Jeff Bezos as well as from “new-age” banker Gabriel Gilinski — son of Colombian banker Jaime

Real Estate

Colombia to Debut Reverse-Mortgage Regulations in 2nd-Half 2020

Medellin Herald June 12, 2020

Colombia President Ivan Duque and Colombia Housing Minister Jonathan Malagón jointly announced June 12 in a nationally televised address that reverse mortgages will become legal here following regulations scheduled for publication in second-half 2020. While reverse mortgages are common in North America and elsewhere – mainly enabling retired persons to generate an

Real Estate

New-Housing Sales Down This Year in Medellin, but Up in ‘Oriente,’ Envigado

Medellin Herald November 9, 2018

In a November 8 presentation to some 1,000 attendees for an annual construction-industry forum here, Camacol Antioquia executive director Eduardo Loaiza revealed that new-housing sales in Medellin have fallen 31% this year – mainly due to recent economic weakness in Colombia and investor uncertainly over the national elections earlier this year. Aside from now-settled

Real Estate

Colombia Supreme Court Ruling: Fiduciaries Hardly Protect Real-Estate Investors

Medellin Herald February 2, 2018

The Supreme Court of Colombia on January 17 notified a group of investors suing a fiduciary over a failed medical-office-building project near Medellin that a fiduciary has extremely limited legal obligations to oversee performance of shaky real-estate development projects or verify crucial financial assertions made by the developer. The group of investors had sued

Real Estate

Real Estate in Metro Medellin: Smart Buying Tips from ‘La Lonja’

Medellin Herald November 15, 2015

Foreigners exploring real-estate opportunities in metro Medellin can be overwhelmed by unfamiliarity with Colombian business customs, legal requirements, sales-price “reasonableness,” a still-maturing multiple-listing service (MLS) network and uncertainties about the reliability of contractors, agents and sellers. Which is why Medellin Herald sought the advice of

Real Estate

Safest Real-Estate Investments in Metro Medellin: Part One

Medellin Herald October 20, 2015

Foreigners exploring metro Medellin to buy a residence, a commercial property or a rental will find that the safest, lowest-risk approach is to acquire an existing apartment, an existing house, an existing building or a well-defined lot inside a fully permitted “parcelacion.” Another option is to invest in new-build projects that are fully permitted, adequately […]

Real Estate

Safest Real-Estate Investments in Metro Medellin: Part Two

Medellin Herald October 20, 2015

Relatively safe investment options for real estate in Medellin include not only existing houses, apartments and commercial real estate, but also well-defined lots inside fully permitted “parcelacion” gated communities. The “oriente” region (east of Medellin) is seeing an especially strong growth in such “parcelaciones,” with the bulk of buyers represented by those selling

Real Estate

Real Estate in Metro Medellin: Clarifying the Picture

Medellin Herald September 21, 2015

Buying and selling real estate in metro Medellin can be a confusing and uncertain experience for foreigners, given the many legal, business, cultural and processing differences in Colombia versus the practices found in other countries. For that reason, Medellin Herald consulted with Luis H. Londoño — one of metro Medellin’s most-experienced real estate