Complete Guide for Foreigners Buying Property in Santa Marta, Colombia

Why Invest in Colombia?

Colombia is an attractive destination for property buyers due to its affordability, strong property ownership rights, and diverse landscapes. Whether you're drawn to the vibrant cities or the tranquility of the coast, Colombia offers a mix of lifestyle and investment opportunities. Explore properties for sale in Santa Marta to see why it's a favorite for international buyers.

Why Santa Marta Stands Out

Santa Marta combines natural beauty with excellent investment potential. This coastal gem features stunning beaches, modern developments, and affordable prices compared to other Caribbean destinations. It's ideal for retirees, expats, or investors seeking a blend of lifestyle and opportunity.

How Property Prices in Santa Marta Compare to Other Caribbean Cities

Santa Marta offers some of the most competitive real estate prices in the Caribbean. A beachfront condo in Santa Marta can cost significantly less than comparable properties in places like Aruba, the Bahamas, or Mexico. With properties ranging from $50,000 USD to $500,000 USD or more, Santa Marta provides options for every budget, making it an attractive market for foreign buyers.

Taxes When Buying Property in Colombia

When purchasing property in Colombia, buyers should budget for:

Notary Fees: Approximately 1% of the property's value

Registration Tax: Around 1.5% of the property value

Annual Property Tax: Varies between 0.3% and 1% of the cadastral value

Foreign buyers should work with a trusted real estate agent or lawyer to ensure all taxes and fees are handled correctly.

Can Foreigners Get a Loan from a Bank in Colombia?

While possible, foreign buyers often face stricter requirements from Colombian banks. Many choose to finance their purchases through international loans or savings. For expert advice, connect with our team of bilingual agents who can guide you through every step.

Why Choose Selling Santa Marta?

Our local expertise, bilingual team, and transparent process make us the top choice for foreign buyers. Learn more about why people choose us for their real estate needs in Santa Marta.

Ready to Start Your Journey?

Whether you're searching for a vacation home, investment property, or a retirement haven, Santa Marta is your gateway to paradise. Contact us today to begin your property search.

Buying

Find your dream home or investment property with ease

Selling

Maximize your property's potential with our comprehensive selling services

Renting

Whether you're looking for a long-term rental or a vacation property, we offer a wide range of options to suit every lifestyle and budget

Customized Services

Didn't find what you were looking for? Contact us, and we'll provide services tailored to your unique needs

Foreigners Guide to Buying Property in Santa Marta, Colombia