Meritage (Loma de los Bernal)
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Overview
A gated, mid-rise community on the hills of Medellín, offering city views and a clubhouse across multiple towers.
Building/Community Amenities
- 24/7 Security
- BBQ / Grilling Area
- Clubhouse / Resident Lounge
- Elevator
- Fitness Center / Gym
- Garden / Courtyard
- Gated Community
- Jogging / Biking Trails
- On-site Retail / Shops
- Parking
- Party / Event Room
- Playground / Kids Play Area
- Pool
- Sauna
- Spa / Wellness Center
- Sports Court / Facilities
Investment Insights
Investment Analysis
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can freely buy property in Colombia without any specific restrictions, enjoying equal ownership rights as locals.
Tax Considerations
Property Taxes
property taxes are calculated based on the cadastral value, usually between 0
Transfer Tax
transfer tax, typically ranging from 1% to 3% of the property's value
Inheritance Tax
Capital gains tax applies to the sale of property at a rate of 10%, and rental income is taxed progressively, with rates ranging from 0% to 33% depending on income levels
Important Considerations
Restrictions
- Foreigners can freely buy property in Colombia without any specific restrictions, enjoying equal ownership rights as locals.
- Buyers should work with reputable local legal advisors to navigate the regulatory landscape and ensure compliance with all legal requirements.
Required Documents
Financing Options
Financing Options
Mortgage Calculator
Financing in Colombia
Colombia offers a range of property financing options for foreign buyers, making it an appealing destination for real estate investment. With loan-to-value ratios typically ranging from 50% to 70%, international investors can tap into favorable mortgage terms. The country's vibrant property market and stable economic environment enhance its attractiveness for mortgage financing. Additionally, Colombia's competitive interest rates and growing real estate sector present lucrative opportunities for those looking to invest in Latin America.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (salary slips, employment letter)
- 3Recent bank statements (3-6 months)
- 4Credit report from home country
- 5Proof of Colombian address or utility bill
- 6Tax identification number (NIT)
- 7Property appraisal report
Popular Lenders
Contact Information
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vivopark@constructoracapital.com
Contact DeveloperMention property ID: Meritage (Loma de los Bernal) when contacting.