Colombia Expats: Rent Or Buy? Part 2

In this video, we will be discussing the benefits of buying over renting for expats moving to Colombia. Despite the rental market being robust in Colombia, owning a property can bring significant financial benefits in the long run. When you purchase a property, you are making an investment that can appreciate in value over time. Additionally, owning a property eliminates the need to pay rent, which can add up over the years. Furthermore, owning a property provides a sense of stability and permanency, which can be especially important for expats who are planning to stay in Colombia for an extended period of time.

Additionally, owning a property also allows you to make it your own by customizing it to your liking, whether it be through decorations or remodeling. It also provides a sense of privacy and security compared to renting.

It's also worth mentioning that in Colombia, the property market is relatively stable and the cost of living is relatively low, making it a good time to invest in a property.

Overall, owning a property in Colombia can provide financial and personal benefits, making it a great option for expats who are planning to stay in the country long-term.
Useful Links
https://www.amazon.com/ULTIMATE-EXPAT-GUIDE-RETIRING-COLOMBIA-ebook/dp/B0BLRRY9LC
https://www.amazon.com/FREE-CITIZEN-COOKBOOK-Survival-Turbulent-ebook/dp/B0BMB2YSGT
www.dian.gov.co
https://www.epssanitas.com
https:/www.medellinlawyer.com
https://www.italki.com/affshare?ref=af12005706
https://www.numbeo.com