Colombia & Medellin Rotating Header Image

Medellin Real Estate: Laureles and Bello

Medellin real estate: Zone 3

Laureles Medellin

Laureles Medellin

Zone 3 is often overlooked by foreigners searching for Medellin real estate. This is a shame actually, as some neighborhoods in Zone 3 like Laureles and Bello are really quite nice. Not surprisingly, real estate prices in Zone 3 are about 25% lower than they are in typical Gringo neighborhoods like Poblado and Enviago. Really nice apartments in Zone 3 can be found for around $70 per square foot and in many cases much less than that. Continue reading →

  • Share/Bookmark

Medellin Real Estate: Poblado and Envigado

Medellin real estate: Zone 2

Poblado Medellin

Poblado Medellin

Medellin real estate – Zone 2 is far and away the most upscale zone in Medellin. It is home to Medellin’s banking and hotel district, many of it’s finest Universities, several upscale malls and the famous Zona Rosa, the center of nightlife and fine dining in Medellin. Needless to say, Zone 2 is also where I have my apartment. While Zone 2 is made up of many different barrios, El Poblado and Envigado are two of the biggest and, not surprisingly, have far and away the highest concentration of North American and European residents. Continue reading →

  • Share/Bookmark

Medellin Real Estate: We are in the Big Leagues now?

Is Medellin real estate more expensive than Rio de Janiero?

Ivan Dario Cardona - Sec. of Catastro

Medellin

I came across an interesting article about Medellin real estate prices in El Colombiano, Medellin´s largest newspaper today. When I first saw it, I nearly spilled my Juan Valdez Iced Mocha on my lap. The title of the article read (in Spanish) “In real estate we are in the big leagues”. The article was written in response to a quote by the Secretary of Catastro, the government body charged with formulating real estate values for apartments in Medellin. He went on to compare Medellin to other such South American real estate hot spots like Rio de Janiero and Santiago, Chile. His office began collecting property value information for the 2011 census in March of this year and the first phase of the process has yet to be completed. Officials estimate that Phase 1 will not conclude until sometime in January. Continue reading →

  • Share/Bookmark

Medellin Real Estate: El Centro

Medellin real estate: Zone 1 – Downtown Medellin

Parque Bolivar

Parque Bolivar

In my last post I described how Medellin real estate professionals have found it practical to divide the city into four distinct zones. In this post I will talk specifically about Zone 1. El Centro (Downtown Medellin) makes up a large part of Zone 1. Like the the downtown of any large city, El Centro is where one will find most of the large office towers, museums, public parks and government offices. Street vendors and discount retail stores abound and the streets of El Centro are packed with shoppers, commuters and people from all walks of life from early in the morning to late in the evening. Continue reading →

  • Share/Bookmark

Medellin Real Estate: The Truth About Prices

A realistic look at Medellin real estate prices

Medellin real estate prices

Medellin real estate prices

This is an important topic that I thought would make an interesting post, especially for those unfamiliar with Medellin real estate and the city’s different zones or sectors. Like in any real estate market, prices for homes and apartments in Medellin are most often determined by one thing (or is it three?), location, location, location! Medellin is officially divided into 6 different zones or stratas. The government uses these divisions as a way to decide what to charge residents for electricity. Generally, the higher the zone number, the nicer the zone and the more the government charges residents in that zone for electricity per kilowatt hour. Continue reading →

  • Share/Bookmark

Medellin Real Estate: The Next Panama?

Could Medellin real estate be the next Panama?

Medellin skyline

Medellin skyline

I have seen this question answered elsewhere on the Internet (usually be people with little or no real life experience investing in Panama).  This question interests me personally, as I lived and invested in real estate in Panama for over three years.  I was in Panama in 2006 when developers and investors thought they could do no wrong.  No price was too high for a Panama City condo with an ocean view.  At the height of the Panama real estate boom, apartments on Balboa Avenue were selling pre-construction in excess of $4,000/sqm.  Late last year, reality hit most of the world’s hot real estate markets.  Since then, markets like south Florida, Arizona, Dubai and Panama have seen price valuations cut in half.  Continue reading →

  • Share/Bookmark

Casa Museo Pedro Nel Gomez

Casa Museo Pedro Nel Gomez in Medellin – Pedro Nel Gomez house converted into a museum

Casa Museo Pedro Nel Gomez Information

Pedro Nel Gomez House Museum, Medellin, Colombia
Location: Carrera 51B Nº 85 – 24 Barrio Aranjuez
Telephone: 233 26 33
Web Page: www.museopedronelgomez.org
E-mail: pedronelgomez@une.net.co
Business Hours:

  • Monday to Saturday 9:00 a.m. a 5:00 p.m.
  • Sundays and Holidays 10:00 a.m. a 4:00 p.m.:
Entrance:
Free all year, courtesy of the Mayor’s Office of Medellin
Parking:
Free
  • Share/Bookmark

Visit Altavista in Medellin, Colombia

Visit the gorgeous rolling hills of Altavista in Medellin, Colombia

Altavista Township of Medellin

Altavista Township of Medellin

Altavista is one of 5 townships of the municipality of Medellin. It borders the San Cristobal township and urban Medellin to the north, the San Antonio de Prado township to the west, the Itagui municipality to the south and urban Medellin to the east.

Altavista is  located in the southwest of the municipality of Medellin and possesses an area of 9.4 kilometers. Continue reading →

  • Share/Bookmark

Medellin Mayor Alonso Salazar Jaramillo Confirmed his Municipal Cabinet

According to 2009 Executive Decree 1437, Medellin Mayor Alonso Salazar confirmed his Cabinet government

13 secretaries and their respective positions were confirmed by Medellin Mayor Alonso Salazar Jaramillo

Medellin Mayor Alonso Salazar Jaramillo

Medellin Mayor Alonso Salazar Jaramillo

On September 14, 2009, the Municipal Cabinet formally presented their resignations before the Medellin Mayor Alonso Salazar Jaramillo. Continue reading →

  • Share/Bookmark

Medellin Celebrates Peace One Day

Peace One Day will be Celebrated in Medellin on September 21st

Peace One Day Medellin

Peace One Day Medellin

Peace One Day Medellin – A Day of Reflexion

Peace One Day in Medellin came to be following the August 11, 2009 visit of British pacifist and film maker Jeremy Gilley, creator and director of the Peace One Day foundation.

Discussion about peace and related activities will take place in 10 different educational institutions in Medellin. To initiate discussion, participants will discuss Gilley’s documentary work. Furthermore, victims of conflict from Medellin will share their experiences during Peace One Day Medellin. Continue reading →

  • Share/Bookmark