A Friendly Guide for Foreign Buyers How to Buy Real Estate in Jericó Colombia

A Friendly Guide for Foreign Buyers How to Buy Real Estate in Jericó Colombia

A Friendly Guide for Foreign Buyers How to Buy Real Estate in Jericó Colombia

If you’re dreaming of owning a piece of Colombia that feels authentic, peaceful, and full of possibility—Jericó should be at the top of your list.

Set in the lush mountains of Antioquia’s coffee region, Jericó is one of those rare places that hasn’t been overrun by mass tourism or overpriced development. It’s where cobblestone streets, colorful balconies, and deep cultural roots meet modern comforts and real investment opportunity.

If you’re a foreign buyer or expat thinking about purchasing property here, this guide will walk you through the essentials—from what kinds of properties are available to how to move your money legally and what to expect during the buying process. A Friendly Guide for Foreign Buyers How to Buy Real Estate in Jericó Colombia

🌄 Why Jericó?

Jericó isn’t just beautiful—it’s livable. The town is safe, walkable, community-focused, and steeped in Colombian heritage. Whether you're retiring, relocating, investing, or just starting a new chapter abroad, this mountain town offers a kind of grounded, meaningful lifestyle that’s getting harder to find.

With boutique cafes, artisan markets, lush views, and friendly neighbors, Jericó feels like home almost immediately. And yet, it’s only three hours from Medellín—with new infrastructure projects making that trip even faster.

🏡 What Kind of Properties Can You Buy?

There’s something for everyone here:

• Colonial homes in the town center, many restored with original charm

• Coffee farms for sale just outside of town—ideal for agricultural projects or tourism

• Colombian farms for sale with space to build, grow, or just enjoy a rural lifestyle

• Modern homes and apartments with up-to-date amenities and gorgeous views

• Raw land if you’re dreaming of building your own finca from scratch

Whether you’re here for lifestyle, income, or both, we’ll help you find the right fit at Jericó Colombia Real Estate.

💬 No MLS? No Problem

Unlike countries like the U.S. or Canada, Colombia doesn’t have a national MLS system, so listings can be inconsistent, under-marketed, or even unlisted altogether.

That’s why working with a local team matters. We tap into trusted networks, offer off-market opportunities, and give you insight into pricing, neighborhood value, and land quality that online searches simply can’t provide.

🌍 Can Foreigners Buy Property in Colombia?

Yes—foreigners can legally own property in Colombia, and there are no restrictions on location or property type. You don’t need to be a resident or citizen.

You’ll just need a few essentials:

• A valid passport

• A Colombian Tax ID (NIT)—we help you get this

• A Colombian bank account (sometimes required for large transfers)

• Properly documented international money transfers (more on that below)

💵 Moving Money into Colombia the Right Way

One of the most important steps is transferring your funds legally and properly into Colombia. You can’t just wire money from your U.S. or EU bank directly.

You’ll need to go through licensed brokers like Alianza Valores or Acciones y Valores—they act like an escrow service and make sure your money is documented and registered for property purchases.

Why this matters: if your money isn’t registered correctly, it can create problems when you try to register the property—or sell it later. We handle all of this with our clients so it’s smooth and stress-free.

📝 The Property Buying Process (Step-by-Step)

Buying real estate in Colombia can be very straightforward—if you have the right guidance. Here’s how it usually goes:

1. Define your budget and goals

Is this for living, renting, farming, or holding as an investment?

2. Work with a trusted local team

We help you shortlist properties, schedule visits, and ask the right questions.

3. Tour the property (or take a virtual tour)

We’ll arrange safe visits or remote walkthroughs if you can’t be here in person.

4. Make an offer and negotiate

It’s common to start with a verbal agreement, then formalize it in writing.

5. Sign a “Promesa de Compraventa”

This is the formal purchase agreement. You’ll typically pay a deposit here—usually 10–30%.

6. Hire a notary

All real estate deals go through a Notaría Pública, who handles document verification and legal recording.

7. Sign the “Escritura Pública”

This is your official property title. Once signed and notarized, the home or land is legally yours.

8. Register the title

This step makes your ownership official with the government.

9. Set up your services

We help you transfer utilities like water, electricity, and internet into your name.

⚖️ Should You Hire a Lawyer?

It’s not mandatory—but it’s smart.

We always recommend hiring a local bilingual real estate attorney to review contracts, verify the title, and make sure all the paperwork is rock solid. We work closely with trusted lawyers here in Jericó who are familiar with both Colombian law and foreign buyers’ needs.

🧠 Tips for First-Time Foreign Buyers

• Don’t trust online prices. Many aren’t up to date or don’t reflect true value.

• Ask about road access, water rights, and utilities. These are key in rural properties.

• Understand land use. Agricultural and residential zones have different rules.

• Budget for taxes and fees. Annual property tax is usually low—around 0.5–2% of the official value.

• There’s no title insurance in Colombia. So due diligence is everything. We handle it for you.

🤝 Why Work With Us?

At Jericó Colombia Real Estate, we bring together:

• 30+ years of international marketing and property expertise

• Exclusive access to Jericó’s best listings (including off-market gems)

• A hand-picked team of local lawyers, surveyors, and notaries

• Personalized service for expats, investors, and lifestyle buyers

• Guidance not just on buying—but building, renting, farming, and more

We’re here to help you find more than just property. We help you build a future—with clarity, confidence, and creativity.

🌱 Ready to Make the Move?

Whether you’re looking for a peaceful retreat, a charming colonial home, or a working coffee farm for sale, Jericó offers a unique mix of culture, calm, and potential.

📧 Email us: jericocolombiarealestate@protonmail.com🌐 Visit: www.jericocolombiarealestate.com

We help foreign buyers discover the best properties in Jericó—backed by expert advice, trustworthy partners, and a love for this incredible town in the heart of Antioquia.