First American Realty Medellin Strategic Allied Our brand PM&C INGENIERIA S.A.S recently in a publication of The New York Times:
Medellin’s property market still suffers from lingering images of “the drug days,” Mr. Holman said. “It takes some time to get rid of the stereotypes.” The recent public rejection of a peace treaty with the Revolutionary Armed Forces of Colombia, or FARC, has had little impact on Medellin, beyond perpetuating the perception of turmoil, agents said.
As a result of that perception, Medellin homes sell at a steep discount compared to those in Bogotá and Cartagena, Mr. Holman said. High-end properties in Medellin are priced at about $190 a square foot; those in Bogotá are around $318 a square foot.
But sales in Medellin have been steadily increasing in recent years, and prices have risen an average …