Colombians Make a Strong Impact in the US Real Estate Market: Already in the Top 10 of Foreign Buyers
Colombians are no longer just looking at investment options abroad: they are playing in the big leagues. According to the most recent report from the National Association of Realtors, Colombia managed to enter the top 10 of U.S. housing buyers, with a 3% share of the international market.
TL;DR
- Colombia ranks in the top 10 foreign buyers of U.S. housing, holding a 3% market share.
- Colombian investment in U.S. real estate is estimated to be around $1.68 billion.
- The average price paid by foreign buyers is $494,400, with nearly half of transactions made in cash.
- Fractional ownership is emerging as a trend, allowing more Colombians to invest without purchasing a whole property.
- Experts warn against focusing solely on gross profitability and advise considering taxes, insurance, and administration costs.
- Colombians with assets abroad over 2,000 UVT must declare them to the Dian, including foreign company shares.