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Post by barrumundi on Oct 28, 2015 9:17:20 GMT -5
www.mansionglobal.com/?mod=mansiongl_keywee_mg&adgroup1=facebook_June15&kwp_0=22515&kwp_4=289350&kwp_1=199555
Colombia's Moment in the Sunshine State
The South American nation bumps Brazil to become top source of non-U.S. traffic to a Miami association's property portal
www.mansionglobal.com/articles/9833-colombia's-moment-in-the-sunshine-state
“Colombian homebuyers have a long history of purchasing South Florida real estate, so the fact Colombia has overtaken Brazil for the most Web property searches is not a surprise,” said Christopher Zoller, 2015 residential president of the Miami association, in a statement.
Colombians rank fourth among foreign buyers of South Florida real estate, with 8% of all international transactions last year, according to a survey by the National Association of Realtors. Colombians moving to South Florida spend an average of $420,000 on properties, the third-highest purchase price among all foreigners.
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Post by barrumundi on Oct 28, 2015 9:22:30 GMT -5
How about a USD 5 Million Dollar mansion in good old Cartagena?
www.mansionglobal.com/articles/9663-the-magic-of-cartagena
It does look nice!
Colombia's peso has tumbled more than 30% against the strong U.S. dollar in the past year, giving buyers with the U.S. currency an opportunity to buy prime real estate. The peso is among other currencies from emerging markets that have fallen in the past year.
the growing economy, have increasingly moved their money from stocks to real estate.
Dávila said that house-price growth has slowed of late as inventory has increased, making it a good time for investors with U.S. dollars, whether they are locals or foreigners.
Foreign buyers in Colombia come mainly from Venezuela, its neighbor to the east, Dávila said. Other international buyers come from Chile and expats from Europe and the U.S. who move to the country to work for multinational companies. Foreigners make up about 25% of all buyers in the walled Old Town of Cartagena, Dávila said.
“With a peso sharply devalued, it is the best time (to buy) for everyone,” she said.
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