BUY TO RENT: INVEST IN A STABLE AND PROFITABLE WAY

You should also consider how appealing it is to offer features such as private parking and/or a storage room. Additionally, making renovations that fit your budget can make your property more versatile and attractive. Remember that the pandemic forced us to spend more time at home; today, spaces are needed for working, studying, and resting—all in the same place.

Keep in mind that when potential tenants choose an apartment for rent in Medellín, they consider factors such as the socioeconomic stratum, square footage, neighborhood, and administration fees. They also take into account their budget and ease of mobility.

Recently, an important insight has emerged regarding the type of properties people search for when renting. This year, 68% of searches showed a preference for apartments in the country’s main cities. This has led to high market demand, making this type of property especially attractive to both buyers and tenants.

On the other hand, María Clara Luque, President of the Colombian Federation of Real Estate Associations (Fedelonjas), states that “real estate investment must be protected. Colombia stands out in Latin America as the country where housing is most often purchased as an investment for rental purposes.” This confirms that the real estate sector is one of the most stable and secure for investment and was among the few sectors that maintained stability during the pandemic.

According to some real estate experts, buying or renting properties in strata 3 and 4 is one of the most viable options available. These investments can achieve an internal rate of return of up to 15% if properly protected. In fact, Finca Raíz conducted a study finding that “42% of Colombians look for rental properties in stratum 3 that offer added value.”

It is also important to note that strata 5 and 6 are very attractive options for potential clients. Apartments for rent in these strata are usually located in the most exclusive areas of the city, making them highly appealing due to the comfort and convenience they offer.

We hope this information helps you make the best investment decision. This process requires the support of an expert real estate agency that can guide you not only in purchasing your property but also in successfully renting out your apartment in Medellín—ensuring that your assets are in the right hands, cared for as well as or even better than you would yourself.

Take the first step— we’ll be with you every step of the way.