Cartagena de Indias, with its historic charm and Caribbean beauty, has established itself as one of the most attractive destinations for real estate investment in Colombia. Whether due to its growing urban development, its tourist attractions, or its cultural wealth, the city offers multiple opportunities for those looking to acquire property. In this guide, we will explore the current real estate market landscape in Cartagena in detail, highlighting the most promising areas, the types of properties available, and the government initiatives influencing the sector.
The Cartagena real estate market has shown positive dynamics in recent years. The demand for housing, both for residential and tourist use, has driven the development of new projects and the appreciation of various areas of the city. The combination of factors such as economic growth, increased tourism, and urban renewal policies have contributed to this boom.
Among the most emblematic projects is Serena del Mar, a sustainable citadel located in the northern part of Cartagena. This comprehensive development includes housing projects such as Morros IO, Morros ZOE, Morros EOS, and others in the Morros EOS y otros de la family Morros in Manzanillo del Mar, health centers, educational institutions, and recreational spaces, all designed under principles of sustainability and respect for the natural environment.
The heart of Cartagena, known for its colonial architecture and cobblestone streets, remains one of the most coveted areas for its beautiful houses in the Walled City and exclusive apartments in the Historic Center. The properties here, although high-value, offer a unique experience and are highly valued by both residents and tourists.
This area is known for its vibrant urban life and proximity to the beaches. Bocagrande and Castillogrande are home to numerous modern apartments with ocean views, making them a preferred option for those looking to combine comfort and a strategic location.
The city's northern expansion has led to developments such as Bulan Sky Line in Cielo Mar and the set of houses in Barcelona de Indias, Serena del Mar, and properties along the entire Anillo Vial, which offer innovative proposals focused on sustainability and quality of life. This area It is emerging as an excellent option for long-term investments due to its planned growth and first-class infrastructure.
In Cartagena, the apartment offering is wide and varied. For example, the apartments in Crespo are offering 2- and 3-bedroom units, with areas ranging from 45 to 85 m², and prices starting at $390,000,000 COP.
The Houses in traditional neighborhoods like Manga offer ample space and a strategic location. For example, a house in Manga with 5 bedrooms and 2 bathrooms is available for $950,000,000 COP. Other options could be houses in Getsemani, luxury houses in Isla Barú, or houses in Crespo, ideal for developing real estate projects.
The market Commercial properties also present interesting opportunities. In the Historic Center, you can find offices for rent of 29 m² for $2,000,000 COP per month, ideal for businesses looking for a central location.
In the tourism sector, you can also find opportunities to invest in properties operating as hotels in the Historic Center and hostels in Bocagrande
The Cartagena City Council, in collaboration with the Polytechnic University of Cartagena (UPCT) has promoted the creation of a Chair in Housing and Urban Renewal. This initiative, funded with 60,000 euros, focuses on the regeneration of the historic center, urban planning, and the promotion of affordable housing.
The local government has presented a budget for 2025 that includes a Municipal Housing Strategy. This strategy seeks to increase the supply of affordable housing for rent and sale through public-private collaboration, with plans to build more than 300 social housing units for young people and repurpose vacant private lots.
Acquiring a property in Cartagena requires complying with certain legal procedures, including title verification, tax payment, and formalization of deeds. It is essential to have specialized legal advice to ensure a safe transaction.
Buyers have access to various financing options, such as mortgage loans offered by banks and financial institutions. It is advisable to compare interest rates and terms.to select the most appropriate option according to the buyer's financial profile.
Cartagena's real estate market remains an attractive option for both investors and individual buyers. Its combination of history, modernity, and sustainable development make it a city with high appreciation potential.
If you are thinking of acquiring a property, whether to live, vacation, or as an investment, this Caribbean city offers diverse options and interesting opportunities. With proper guidance and detailed analysis, it is possible to make a safe and profitable purchase in the Cartagena market.
Yes, Cartagena has a stable and growing real estate market. However, it is essential to conduct a detailed analysis and seek professional advice before investing.
In addition to the property price, expenses such as taxes, deed processing, notary fees, and real estate commissions should be considered.
The Historic Center, Bocagrande, and the Northern Zone (including Serena del Mar) are the most promising areas due to their appreciation in value and tourist appeal.
Yes, the government offers subsidy and financing programs for affordable housing (VIS) and urban renewal projects.
Yes, foreigners can purchase real estate in Cartagena without restrictions, but consulting is recommended. legal to facilitate the process..
Source: ACR Inmobiliaria
