BUYING PROPERTY IN ARMENIA

Gator says on Feb 26, 2009, 07:43:

impossible to answer based on what you posted-not enough info.

Try here: http://www.bienesraicesquindio.com/

"Bene, cum Latine nescias, nolo manus meas in te maculare" .

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mrgizmo says on Feb 26, 2009, 08:33:

To get a general idea, connect to www.metrocuadrado.com
Easiest way, make the trip to armenia and check classifieds locally and talk to locals.

Behind every successful man, there's a nagging woman

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jimmymcc says on Feb 26, 2009, 10:19:

http://www.mundoanuncio.com/
also look up the mag. La Guía Fincaraíz
www.constructoracamu.com
these have what your looking for.
one thing to remember to check when buying a finca make sure you have water rights to the property.

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Rikito says on Feb 26, 2009, 11:22:

I have lived in Armenia for 2 1/2 years now. I know a good deal about property.
* How much do you want to spend?
* What kind of area do you want to live?
* Married with children?
* Why a Finca? Do you plan to farm? (good luck on this)

Contact me. Armenia will be the biggest growth are in the country very soon. In the next 4-7 years; 5000-10,000 new jobs, 2,000 to 10,000 new housing, Exhibition Centers, resturants, hospitals, schools, universities are all in the mix.

PM me if you are serious.

...and so it goes

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quantum says on Feb 26, 2009, 11:36:

I too would be interested to know more about the Armenian real estate equation. How about a finquita of 3-5 hects on the outskirts of the city with trees, stream and view? Any idea, anybody? Anybody interested in the same information here in Panama, I can provide it. Cheers,

quantum

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bufalo says on Feb 26, 2009, 17:22:

Unfortunately I'm going to go in the oppostite direction of Rikito. I'm not in Armenia any more, but lived there for a good number of years. The property values are greatly, greatly inflated, the jobs are typical Colombian jobs that don't pay much and there has been a major construction boom that's been going on for too long - many empty, brand new apartments and houses all over. A lot of the businesess are just fronts. Take a look at how many have been there for years and are always empty, then find out who the real owners are.
People talk of tourism, but it has dropped off quite a bit as there really is no reason for people to return (average colombian that is). To vacation in the Eje Cafetero is very expensive. It's a lot cheaper to go to take a family to a beach every year than have to pay entrance to (quite boring) parks, rent a finca, pay for most night-life (on the coast one can party on the beach for free or in the streets), and you have to pay for transportation everywhere.
Another MAJOR reason why I'd watch what I'd buy is that there were many lots that were supposedly off limits to build on after the earthquake. But money has greased many a palm in Armenia and a lot of those buildings are being built on the very same spots, and are NOT up to code either - trust me on this one. If there's another quake, it'll be just as bad if not worse.
My wife and i do plan on moving back and will buy, but it'll be to live out our years. We're not counting on making any type of money there.

"If you don't like it - lump it, take it down the road and dump it." - Archie Bunker played by Carroll O'Connor Avianca sucks major.

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cazadorez says on Feb 26, 2009, 23:56:

Bufalo,
Thanks for the honest input.......Alot of folks here really appreciate post's like yours!
Good luck to you friend!

Ay Hombre....no jodas!

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nine inch nails says on Feb 27, 2009, 07:07:

I just visited Armenia last week and looked at a couple new projects in town, one a townhome (starting price $105K USD +/-) and the other an apartment (starting price $75K USD +/-).

I did pick up a copy of the eje cafetero inmobilario mag. and other new apartments (one called Metro) could be had for less ($25K USD start) still in the north zone.

But like previous posts here lots of vacant units and oversupply so shop and bargain, proly get something really killer for half. Then if COP continues to devalue even better.

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