Buying Real Estate in Colombia as a U.S. Citizen
Buying Real Estate in Cartagena, Colombia as a U.S. Citizen
Discover Why This Colonial Gem Is One of Latin America’s Hottest Property Markets
Cartagena, Colombia has become a top-tier destination for U.S. citizens seeking international real estate opportunities—whether for investment, relocation, or lifestyle. With its blend of colonial beauty, Caribbean beaches, and high tourism demand, Cartagena offers full property rights for foreigners and a streamlined buying process.
If you’ve considered buying in Latin America, here’s why Cartagena should be at the top of your list.
Why Cartagena?
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Booming Short-Term Rental Market: Airbnb and vacation rentals in Cartagena’s Old Town and beach zones see strong occupancy and nightly rates.
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Low Entry Point: Compared to U.S. coastal markets, property in Cartagena remains affordable, with high upside.
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Tourism Growth: Cartagena is a top destination for Colombians, global travelers, and digital nomads alike.
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Historic Charm Meets Modern Living: The city offers everything from restored colonial homes to luxury beachfront towers.
Can U.S. Citizens Own Property in Colombia?
Yes—100%.
Colombia allows foreigners to fully own property in their name, with the same rights as Colombian citizens. There are no restrictions based on nationality or property location.
There’s no need for a bank trust or lease structure like in some other countries.
What’s the Buying Process Like?
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Hire a Local Bilingual Attorney
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Essential for due diligence, contract reviews, and managing the title process.
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Obtain a Colombian Tax ID (NIT)
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Foreign buyers need a tax ID, which your lawyer can help secure.
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Negotiate and Sign a Purchase Agreement
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Typically includes a 10% deposit to reserve the property.
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Title Search and Due Diligence
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Verifies the seller's ownership and ensures no liens or debts.
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Transfer Funds Legally
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Funds must enter Colombia through the official foreign investment channel to register the investment with the central bank—critical if you ever sell and want to repatriate the funds.
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Close the Deal at a Notary Office
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Deed is signed, taxes are paid, and ownership is registered.
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Closing costs range between 2–4% of the property price.
Hot Investment Zones in Cartagena
| Area | Highlights |
|---|---|
| Centro Histórico (Old Town) | Colonial homes, boutique hotels, strong tourism demand. High short-term rental income. |
| Bocagrande | Ocean-view condos, modern high-rises, nightlife, and walkability. Great for digital nomads. |
| Castillogrande & El Laguito | Upscale, beachfront properties with a quieter residential vibe. |
| Zona Norte (Near the Airport) | Master-planned communities and resorts in development, with lower price points and growth potential. |
Why Buy with ITA Global?
Navigating international markets requires more than just finding a great deal—it’s about having a trusted guide. At ITA Global, we provide a tailor-made, worry-free experience so our clients can confidently explore real estate in Cartagena and beyond.
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Curated investment tours with boots-on-the-ground experts
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Vetted local partners, attorneys, and realtors
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Concierge support from travel to closing
There’s only one way to buy international real estate—the ITA Global Way.
Summary
Cartagena offers full ownership rights, excellent returns, and a simplified buying process for U.S. citizens. Whether you're looking to diversify your portfolio or find your dream home abroad, this vibrant Colombian city has what you're looking for.
Contact Us: RealEstate@itaglobal.com | www.itaglobal.com | ITA GLOBAL NETWORK
