![]() ![]() Its river provides some water diversion for residents, but there’s nothing like living on the coast, seeing endless ocean from your home every day. And although a wonderful, cosmopolitan city with a lot to offer, Medellín is landlocked. He’s from Medellín, which is also where I spend the majority of my time when in Colombia. It’s an odd comparison, though, because Panama and Colombia don’t have a ton in common… the geography, climate, culture, food… they’re all very distinct for each country.īut the main difference for us both came down to Panama’s ocean access… Last week in Panama I went paddle boarding with Carlos, our Colombian property manager at Los Islotes, and we naturally got around to comparing his home country to his chosen adopted country… This article has been republished from International Living. With three bedrooms and three bathrooms, the asking price is $128,200-that’s just $505 per square meter.Īnd right on the beach, I found a 10th-floor, 1,443-square-foot, three-bedroom, three-bath apartment with ocean-facing balconies in both the living room and the master bedroom, for an asking price of $143,500. The best buy in El Rodadero right now is a large 2,736-square-foot, 8th-floor apartment with two balconies, each offering a sea view. The market starts at $31,795 for a simple one-bedroom apartment under 500 square feet, three blocks from the beach in El Rodadero (10 minutes south of Santa Marta, with nicer beaches). Even a moderate influx will move the market. Clean property titles on vacant land are hard to find, so new construction has been constrained. The area’s broad appeal will attract second homeowners, retirees and investors.Īnd Santa Marta is a small market, so supply here is limited. This will increase the demand in Santa Marta, as well as throughout Colombia. First, more mainstream buyers will show up as Colombia’s tarnished image fades into history. I see Santa Marta’s market appreciating for two reasons. Colombians are most proud of Cartagena, and justifiably so…but when it’s time to vacation, they come here, to Santa Marta. It’s simply a place where Colombians come to enjoy a holiday at the seashore, and to have a good time with friends and family. Santa Marta is not glitzy, and it’s not a playground for the rich and famous. The costs of living, entertainment and properties are low in Santa Marta…lower than any Caribbean outpost that I’ve been to in my travels. And rainfall here is scant: around 13 inches per year. Although temperatures were in the low 90s when I was there, the gentle offshore breezes kept me comfortable. The dry heat is unusual for the Caribbean. Santa Marta is a unique destination in my experience. The island of El Morro serves as the centerpiece of the area, rising from the blue waters just offshore with a handful of luxury homes carved into its rocky sides, and yachts moored around its perimeter. Its harbor is well-sheltered, keeping the waters clear and calm. Santa Marta is carved into the Caribbean coast on the north side of the country. Here in Colombia’s oldest city, the potential is big and multi-faceted. Of all the super values in Colombia, I believe the richest opportunities are in Santa Marta. We recommend you claim yours before anything changes. ![]() The ERC Program is currently open, but has been amended in the past. These tax credits do not need to be repaid ![]() ![]() Billions of dollars in funding available. ![]()
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