Real Estate Investments Report
Estate Investments in Medellin
Apartamentos) can be seen at construction
sites in nieghborhoods like El Poblado Envigado, Belin and Laureles.
The Medellin real estate investments and constrcution
boom is alive and well in Colombia. While inflation is rising,
and we have experienced economic problems in the USA and Europe,
the Colombian economy iand they purchased. In the past Colombia
has been very strong to resist worldwide economic depression
cycles. While, in 2008 the pesos is stronger than it has been
in 10 years against the US dollar. Business are over flowing
with new international investments, and hirise building construction
including apartments, houses and commercial properties. This
modern real estate boom is now at one of its highest points in
Colombian history. This boom is expected to continue for several
years. Real Estate Development and construction is high but for
many years development was not keeping up with the demand,
which are good investment indicators. Look at the great values
of homes offered in our Medellin
Real Estate MLS, This MLS is currently under construction,
while we install the database, but in the meantime try to check
out our new website at Paradise Realty in Medellin, which can
be found at www.ParadiseRealtyMedellin.com.
Many foreigners are investing in Medellin Penthouse Apartments.
Medellin penthouse apartments in El Polbado have
all the amenenities. It's a great feeling to be inside a modern
penthouse apartment overlooking such a beautiful city like Medellin.
You can expect to find all the modern appliances you see in a luxury
condo in the United States. Medellin penthouse apartments have spectacular
views of the city not only because they are on the top floor of
the building but because they are located on the sides of mountains
as well. On a clear day you have to pull out the camera to snap
pictures for your friends. Although weather reporters don't use
doppler radar here as it is not really needed, in a penthouse you
will find your self looking out the window to get the weather report.
Don't worry about air conditioning here in a good size apartment.
The air flow and permanent spring time weather is one of the finer
qualities of life.
Real Estate Investments
Colombia real estate investments, (inversiones de vivienda
en Colombia) continue to be immune from the mortgage crisis in the
United States. Although we all live in a world market economy, the
housing market is not in a decline here in Colombia! This
is because most propeties are simply paid for with cash here. The
main reason for Colombia's recent success is the increase in security
nationally that did not exist before the current president bought
crime under control. From big multinationals to small investors
who choose to retire in Colombia, the money is flowing in nonstop.
Now for the first time in decades people are moving back, traveling
across the country with families, and even thousands drive expensive
motorcycles across the country side resembling biker conventions
in the USA. You would have never seen this when the terrorist groups
controlled colombia. Just this week Medellin witnessed
the larges bike week ever as hundreds of Harley Davidson, and thousands
of other large motorcycles cruised the streets of Medellin. Unbelievable!
Security is here! People are Confident and at ease the first time
in Colombian History!
El Poblado, Envigado,
Laureles and Belen
The Medellin barrios El Poblado, Envigado, Laureles and Belen casas
and apartamentos have crisp cool air in the evenings and morning
and warm up naturally in the daytime. The spectacular views of the
cities can been seen below in these arial photos. From hirise and
lowrise buildings on the mountainsides you have a spectacular view
of the cities mountains, and tree lined nieghborhoods. These nieghborhoods
are preferred over other Medellin neighborhoods for their security.
El Poblado is the most secure of the Medellin neighborhoods. Most
of El Poblado, Envigado, Laureles and Belen neighborhoods are calssified
in 4-6 estractos.
Medellin Neighborhoods Estratos (Districts in English)
The niehborhoods in Medellin are ranked by 'Estratos'
from 1 to 6, where 6 is more expensive, secure and nicely maintained.
However the difference between a 4, 5 or 6 may sometimes just be
the location and have nothing to do with security. However as a
foreigner (or a gringo) it is not recommended that you live in less
than a Estrato 4. The Laureles and El Poblado Nieghborhoods usually
have a 4 to 6 estrato (district). The higher the number the more
you will pay for your utilities services each month. This includes
pretty much anything to do with the government services, internet,
phone, gas, electricity, trash, schooling. Contact James @ ParadiseRealtyMedellin.com
Medellin Housing developments are referred to as casas
and are under construction in and around the city in
pueblos. Buy a home in Medellin, (compra de vivenda en Medellín
), its paradise! (Es Paraiso!). Many areas around the city are now
safe.The pueblos in the surrounding moutain top communites are very
secure now. if you like nice clean and cool air the outlying pueblos
may be the place for you. Medellin Urbanizaciones are housing communities,
or closed gated communities as we call them in the United States.
A new house or casa will be equiped with state of the art plumbing
and electrical systems. EPM, the largest phone and internet company
even provides internet security web cameras so you can keep an eye
on your place no matter where you are. Crime rates in the nicer
nieghborhoods are lower than most of the cities in the United States.
Medellin Health Medical
Medellin Health care, (Medellin Salud) is one reason people are
moving back from other countries to Colombia. The pre pay and premium
health care policies provide better quality services than what i
have experienced personally in the United States. Colombian health
care has been one of my better experiences in Colombia Premium insurance
coverage for me costs about 60 USD per month. I have an 8 dollar
copay for emergency room visits, i can see specialists without referrals,
and this includes 10 doctor visits per year. The facilities at Suramericana
in the Industriales site near El Poblado are top notch new and very
clean facilities. These neighborhood clinics and hospitals are better
than what i have seen in US facilities. If your in a nice neighborhood
then your near the best health care.
The health insurance and medical care i had been lacking
in the United States has been made up for here in Colombia. Doctors
earn good money here if they are specialists, but they do not make
crazy money like in the United States. I believe the doctors here
enjoy their jobs more and are less stressed out. If you do not have
health insurance its advisable to seek basic medical assistance
in a estracto 4 neighborhood in Belin or Laureles, otherwise you
will notice general medical visits are 2 times more expensive in
El Poblado for example. I must tell you that a health insurance
in Medellin is very much worth the costs. With and Without insurance
you will find fees much cheaper than in other developed countries.
With a good insurance company like Suramericana
you will be very surprised with the new clinics
(hospitals) and great scheduling availabilites of medical specialist.
Health care is an important factor to consider when looking for
your new place to live. You can find more information about Suramericana
here http://www.suramericana.com, or contact James @ ParadiseRealtyMedellin.com.
James is always available to share information with anyone who is
thinking about visiting or moving to Medellin.
Please feel free to contact James for help on setting up a new life
in Medellin Colombia. We have great resources available in the expat
community for setting up residency, new businesses, and buying properties
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