Earlier this year, I closed on a brand-new condo right on the boardwalk in Mazatlán, Mexico. This came after two years of exploring up and down the Mexican coast and then evaluating one neighborhood against another within Mazatlán’s 20 miles of beaches. I preferred Mazatlán on Mexico’s west coast for a number of reasons… 1. […]
The beach resort of Santa Marta, Colombia, wins the prize for biggest price drop in 2015. Properties in this popular seaside getaway fell from US$2,091 per square meter last year to US$1,032 at the start of 2016… a drop of more than 50%. Values in Santa Marta actually increased in Colombian peso terms, but the […]
The window to take action in Colombia is right now… for two reasons: First, current exchange rates have pushed down property prices in Colombia to levels not seen for many years. Not surprisingly, real estate sales to Americans are at an all-time high. The U.S. dollar continues its rampage against the Colombian peso. How much […]
I’ve bought a number of overseas properties—both for personal use and as investments—and I find that evaluation of a potential property always comes back to a few simple basics. It’s a safe and secure process when you follow the rules and use the same good sense that you’d use in your home country.
I wondered of my four dinner companions…