Why are so many real estate investors choosing Columbia?

[Jacob Rahn]

I'm new to the community and love it so far! I've noticed many investors are choosing Columbia as a real estate investment. I'm wondering why people are choosing Columbia? the fact that the citizens of Columbia are not satisfied with their government and the concerning lockdown measures they took seems like red flags for a long term real estate investment. Is there something I'm missing about Columbia besides the high yields and nice beaches?

[Mike Lambert]

I guess you're talking about the country of Colombia, not Columbia in South Carolina.

I don't understand the connection with the people not being happy with the government Covid's response and the suitability of the country as a long-term investment destination. Besides, do you know of any country where everybody satisfied with their government's Covid response?

Why is Colombia getting more popular as a real estate investment destination? The answer is quite simple actually: the rise of the middle class, exploding tourism, intelligent government, growing number of American retirees and digital nomads moving there in search of a cheaper and better lifestyle, cheap real estate. Yes, the beaches are nice but they are in many other countries too. Plus, the most popular investment destination, Medellin, isn't by the beach.

Many people still think about Pablo Escobar and the drug wars, as well as the FARC guerrilla when they think about Colombia. These images have put a lid on Colombia's tourism and kept real estate cheap for decades compared to other parts of the world. As more and more people realize that those days are long gone, interest in the country increases.