Rentability of real estate in the Aburrá Valley
In the real estate world, there are different investment opportunities, and therefore, knowing the rentability offered by each property has multiple benefits for each investor. From helping to determine viability to enabling financial planning and understanding the possible risks, this allows for more accurate decisions to be made and maximizes the potential of the investment. Here we tell you about the profitability of real estate in the Aburrá Valley.
Return on used homes
According to a study conducted by La Lonja de Propiedad Raíz de Medellín y Antioquia, which calculated the return on real estate investment for apartments for sale in Medellín and other residential assets in the Aburrá Valley, average net monthly returns of 0.29% were found. The highest returns were found in properties valued at less than $150 million, with average net rates of 0.36% per month, while the lowest returns were recorded in properties valued between $750 million and $1 billion.
In addition, the results were presented by municipality. The highest monthly net profitability rates were found in Bello with 0.33%, followed by Medellín with 0.27% and Sabaneta with 0.26%. The differences in profitability rates are mainly due to property taxes and the administration fees of the different condominiums.
