Plus: Best Rental Markets Among Discounted Cities
Aug. 18, 2015
The property in this report is priced in U.S. dollars.
Dear Overseas Property Alert Reader,
Cartagena is the most popular destination in Colombia. People who know nothing about Colombia will have heard of this famous walled city… one of the oldest in the Americas.
And if anyone hadn’t heard of Cartagena before, they’ll remember it from the 2012 secret service sex scandal. I wrote about Cartagena a few months ago… if you didn’t see it, you can read the background on Cartagena here.
Tourism is king in Cartagena, where visitors each year are increasing at rates much higher than the already impressive 14% Colombia-wide increase. This, in turn, has sparked a construction boom as hotel operators scramble to increase capacity.
Meanwhile the property market continues to flourish.
I once closed a special report with a prediction that “2007 is the year to take action in Cartagena” and I implied that by 2008 you’d miss out.
I was partially right, 2007 was indeed a boom year… but I was also wrong, in that Continue reading