Best Neighborhoods of Medellin – Offer Several Reasons For Real Estate Investment

Every year, the city of Medellin attracts millions of tourists from all around the world. All thanks to the plenty of attractive locations and numerous cultural events that meet the needs of people with different tastes of entertainment. The spirit of celebration can easily be seen all through the year in the city.

In addition to music and film festivals and dance festivals, Medellin also hosts various kinds of sports events and literary fairs that give all reasons to a huge gathering of intellectuals and artists.

Though the number of ex-pats and tourists is increasing significantly every year, foreign investors are not behind on the list. Investors from different countries show great interest in the Medellin real estate market.

If we talk about the infrastructure of Medellin, the city has been experiencing a liberal growth, where many old skyscrapers are believed to be shadowed by new constructions. The various new residential properties are under construction that are assumed to be completed in the next year. Thus, it will increase the demand for homes for sale in Medellin Colombia.

The cost of living in Medellin Colombia is quite affordable, and the facilities and amenities available in the city add great liveliness to the standard of living. Medellin offers everything to make a living more energetic, convenient, and reasonably priced.

If you are someone who is looking for homes for sale in Medellin Colombia, it is very important to have some basic information about the neighborhoods of Medellin.

Best Neighborhoods of Medellin Colombia

Simply go through the given basic knowledge regarding some of the ideal neighborhoods for homes for sale in Medellin. This will help in gaining a better perspective, and you will be able to make the right decision.

El Poblado

El Poblado is one of the highest neighborhoods of Medellin. It is home to several ex-pats and is also one of the favorite places to visit by tourists. El Poblado is an up-market neighborhood, but you can easily find everything you want to enjoy in a proper urban city. Whether there are malls, schools, lush green gardens, or luxurious homes, El Poblado is a hub for different kinds of cultural and recreational activities. This makes it a safe choice for living as well as investment.

Though this place is more expensive than other neighborhoods, it attracts investors to invest in Medellin real estate market.

Laureles

Laureles is an upper-middle-class and second most famous neighborhood of Medellin. Built in the 1930s, this place offers a relaxed lifestyle, where it is more populated with local retired residents and young ex-pats. It is also one of the preferred locations for growing youth. You can find several reasons for finding homes for sales in Medellin Colombia, such as impressive cafes and restaurants, shops, bars, and stores.

The residential spaces are close to these facilities, thus enabling you to access them easily. If you are looking to buy a home in Medellin, then you can find plenty of cheaper residential properties as well as vegetation land in this area.

Estadio

The cost of the homes in Estadio is quite lesser as compared to other neighborhoods, but this does not mean it offers an absent lifestyle. This neighborhood comprises students, sports enthusiasts, and local working-class residents. The sports stadium and various affordable residential properties are the main attractions of this place.

It also has a metro station in the heart of the area. Also, pubs and nightclubs are located in a short distance, which makes people able to enjoy the nightlife to the fullest.

Envigado

Envigado is home to the biggest mall in Colombia. This area gives a local look and feel. This neighborhood consists of plenty of green space when connecting this place to both El Poblado and Laureles through a metro route. Here, you can find numerous homes for sale in Medellin Colombia that are priced quite lesser than other neighborhoods.

The main square is surrounded by cafes, bars, and restaurants. It also provides a facility for hiking, mountain biking, as well as bird watching. Being home to fewer skyscrapers, if you are looking for a peaceful and lively place in Medellin, Envigado can be the best neighborhood.

Ciudad Del Rio

It is a growing neighborhood of Medellin, where numerous ex-pats prefer to invest in the real estate market. Everything can easily be accessible within walking distance. This place has large parks, museums, stores, bars, and restaurants. It has a pretty connected commute system that connects other neighborhoods easily.

Why buy homes for sale in Medellin Colombia?

The neighborhoods of Medellin Colombia offer various reasons that attract foreign investors to make an investment in the Medellin real estate market. Some of the common reasons are:

• Buying a property in Medellin can produce a monthly income.
• The city offers lively and affordable places to live in full-time, without paying rent.
• All neighborhoods offer great places to live part-time, where you can rent out your property when not in Medellin.
• You can buy an older property, which you can renovate or sell, or you can turn it into a rental property.
• You can get a visa or residency for investing in Medellin real estate market.

Though investing in the Medellin real estate market can get you a visa or residency in Colombia, it is not recommended to spend your hard-earned money in this way. You must look for homes for sales in Medellin Colombia, only if you are thinking of making a good investment for you or looking for a place to live in that is capable enough to meet your needs.

If you want a visa to Colombia, there are various other options available. Always keep in mind that when you are buying a property, even a smaller apartment, it should always be a better investment.

You can find various larger apartments with many amenities that can be your best place to live in. But, these properties are not a good investment for rentals.

Final Words

Hopefully, this information will help you to make an informed decision when thinking of buying a property in Medellin Colombia. Make sure to check out all the neighborhoods of Medellin for the impressive and affordable homes for sale.