Colombia In The News

Medellin: The Next Panama?

Medellin's real estate sector is growing thanks to growing interest by foreign buyers and improved credit for local purchases of residential and commercial real estate, industry officials say.

"There has been a notable increase in Medellin from foreign clients, possibly due to the real estate situation in the United States, which is an incentive to evaluate other areas of high investment potential," says Carlos Mario Osorio, general manager of the Medellin office of Century 21. "The recent construction boom is related to the growing access to credit for private investment, mainly in industrial, commercial and residential real estate."


Colombia: Strong Business Optimism

Foreign companies are pleased with their business in Colombia and express strong optimism about the future outlook.

As U.S. lawmakers are debating whether to approve the U.S. free trade agreement with Colombia, foreign companies operating in the country are reporting positive results in the South American country.

"Colombia is a country with solid and consistent economic growth, and is showing impressive results in addressing its key challenges," says Jorge Garduņo, general manager for Coca-Cola Servicios de Colombia. "Its overall stable outlook allows for long-term planning and investment."



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