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July 13, 2023
The Coffee Region has established itself as a region that offers security and stability for real estate investments. For this reason, both domestic and international investors have taken an interest in this area of Colombia due to its great potential in terms of infrastructure, quality of life, strategic location, connectivity, and urban planning. Learn how Pereira is driving real estate growth
As we all know, 2023 has been a challenging year for the real estate sector in Colombia. However, intermediate cities are positioning themselves as attractive places for investment.
MTS Consultoría + Gestión highlights that despite the decline in home sales and the complex economic situation the country is going through, cities such as Bucaramanga, Manizales, Pereira, and Ibagué are experiencing significant growth in the real estate sector. We are even seeing a trend in which buyers are choosing to move to more rural and countryside areas of the city. This trend has led to homes for sale in Pereira becoming one of the most sought-after properties in the real estate sector. In addition, this growing demand is also attributed to investment in infrastructure and the economic development that the sector is experiencing.
Due to their growth, increased value, and attractiveness, these cities are ideal for living, investing, and building. According to the results of the 2022 City Competitiveness Index, the city of Bucaramanga ranks fifth with a score of 6.26 out of 10, Manizales sixth with 6.21, Pereira seventh with 5.95, and Ibagué eleventh with 5.58.
The City Without Gates is known for providing an excellent quality of life to its residents, thanks to its temperate climate and strategic location that allows easy access to important areas of the country, urban centers, and tourist attractions in the region.
On the other hand, it is important to note that the prices of apartments for sale in Pereira are usually considerably more favorable compared to properties located in cities such as Bogotá and Medellín. This price difference is largely due to the phenomenon of gentrification that has taken place in the capital of Antioquia, which has led to a significant increase in housing values in that area. In addition, various residential construction projects are underway in Pereira, contributing to a positive appreciation of real estate in the city.
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One of the most relevant aspects of this department is its strategic location, as it is close to the country's main seaport. In addition, the development of the Pacífico 3 road project has achieved greater connectivity between 18 municipalities in the departments of Antioquia, Caldas, and Risaralda, facilitating mobility between the southwestern departments of the country and the port of Buenaventura. On the other hand, Matecaña International Airport handles approximately 81% of the Coffee Region's passengers.
In addition, Dosquebradas, known as the industrial zone of the Coffee Region, has experienced remarkable progress and has become the second most important municipality in Risaralda. This has generated greater dynamism in the warehouse and apartment sales sector, offering business and development opportunities in the region.
Due to the new dynamics that have emerged and the many opportunities that exist in this department, at Alberto Álvarez Inmobiliaria we have decided to expand our services for the sale and rental of used properties in the region. We are happy and proud to accompany the people of Pereira in their search for their ideal space. We have 65 years of experience and knowledge in the market, we are part of the largest MLS network in Colombia, and we have the support of La Lonja – the Real Estate Guild of Medellín and Antioquia and La Lonja de Propiedad Raíz de Risaralda.
We will make a difference. Together we dream it and make it happen. That is happiness.
Written by: Valeria Ospina – Marketing Analyst.
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