The construction sector in Colombia is having great relevance on GDP thanks to housing and other infrastructure works that are being carried out in different areas of the country. However, prices seem to rise indiscriminately and speculation is beginning with a possible real estate bubble with prices up to 3 times higher than in recent years.
Colombians have their eyes on Miami
Colombians have their eyes on Miami

This situation is leading Colombians to look to other markets, especially real estate in Miami. ‘The capital of the sun’ is one of the cities preferred by the Latino community to make investments and Colombians see in Miami the gateway to real estate business in the United States.

At this moment in the city of Miami are developing about 84 projects of different price levels. Real estate prices in Colombia are much higher than those in Miami. An apartment near the beach of about 80 m2 is in the range of 450,000 dollars. While some projects in Colombia are close to $ 10,000 per square meter.

The prices found in the real estate industry in Florida are quite competitive and there are for all people in different price ranges. There are apartments starting at $250,000 in areas like South Beach, or at $450,000 or $500,000 to the beach. The price range is from $ 200,000 to $ 3 or 4 million. But it’s definitely a good time to consider investing in Florida.

PFS Realty