Tuesday, October 15, 2019

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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.”


While a growing number of foreigners are investing in real estate or other types of businesses in metro Medellin, some have found that the process of transferring relatively large amounts of investment funds from the U.S. or other countries can be frustratingly complex, time-consuming – and even costly.


First, the good news: The Alliance for Responsible Mining (ARM) and Swiss watch and jewelry maker Chopard announced October 7 that several more mines in Colombia -- beyond those in Antioquia -- just obtained “Fairmined” certification under a joint ARM-Chopard project.


The US Agency for International Development (USAID) and non-governmental organization (NGO) “Acumen” jointly announced October 5 the launch of an “Investing for Peace” initiative that aims to help promote private investment and creation of economic opportunities in poorer, rural areas of Colombia.


Colombia climbed five places – to 61st place -- in the just-released World Economic Forum (WEF) “global competitiveness index 2015-2016.”


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About Medellin Herald

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the "contact" section.

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