Investment Property in Barranquilla

Investment Real Estate in Barranquilla

Barranquilla property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Barranquilla and LATAM .

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Searchable Map of Barranquilla Investment Real Estate

Barranquilla (American Spanish: [baraŋˈkiʝa] (listen)) is the capital district of Atlántico Department in Colombia. It is located near the Caribbean Sea and is the largest city and third port in the northern Caribbean Coast region; as of 2018 it had a population of 1,206,319, making it Colombia’s fourth-most populous city after Bogotá, Medellín, and Cali.

Barranquilla lies strategically next to the delta of the Magdalena River, 7.5 kilometres (4.7 miles) (originally 25 kilometres (16 miles) before rapid urban growth) from its mouth at the Caribbean Sea, serving as a port for river and maritime transportation within Colombia. It is also the main economic center of Atlántico department in Colombia. The city is the core of the Metropolitan Area of Barranquilla, with a population of over 2 million, which also includes the municipalities of Soledad, Galapa, Malambo, and Puerto Colombia.

Barranquilla was legally established as a town on April 7, 1813, although it dates from at least 1629. It grew into an important port, serving as a haven for immigrants from Europe, especially during and immediately following World War I and World War II, when waves of additional immigrants from the Middle East and Asia arrived. Barranquilla became Colombia’s principal port, and with its level of industrialization and modernity earned the city the nickname “Colombia’s Golden Gate” (Spanish: La Puerta de Oro de Colombia). In the 1940s, Barranquilla was the second-largest city in Colombia and one of the most modern cities in the Caribbean and in South America; later local administrations, due to widespread corruption in their ranks, brought about a decline in the standard of living. As government investment increased in other Colombian cities, Barranquilla’s national position was eclipsed.

The city is home to one of the most important folk and cultural festivals of Colombia, the Carnival of Barranquilla, which was declared a National Cultural Heritage by the Congress of Colombia in 2001 and recognized by UNESCO in 2003.

Ernesto Cortissoz International Airport, built in Barranquilla in 1919, was the first airport in South America. The city is served by domestic and international flights.

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The increasing financial and political stability of Barranquilla has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Barranquilla

Renting out your Barranquilla buy-to-rent out investment property can grow wealth and income.

Whatever your goals with investment property in Barranquilla are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Barranquilla and be prepared to change your initial outlook.
Thoroughly research the Barranquilla location with a special emphasis on fringe areas outside the main Barranquilla metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Barranquilla.
Ensure that your target investment property in Barranquilla appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Barranquilla properties yourself is an easy option, but are these savings justifiable when you run into Barranquilla red tape? Physis Realty Barranquilla office in downtown Barranquilla provides you with peace-of-mind and leaves you time to plan your next move in the growing Barranquilla buy-to-rent sector.

With our expert guidance, investing in Barranquillaprovides the secure knowledge that your money is working harder than it would in a local Barranquilla bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Barranquilla, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Barranquilla property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Barranquilla

Flipping property in Barranquilla

Flipping property is when we advise clients to buy a Barranquilla property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Barranquilla market has a time to react to the renovation.

The Flipping Strategy in Barranquilla

Investment property flipping in Barranquilla is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Barranquilla real estate investments are sometimes referred to by professionals as ‘distressed’ Barranquilla real estate.

What is distressed Barranquilla property:

Barranquilla property in need of renovation
Barranquilla real estate with a change of purpose and use
Oversold Barranquilla property
Bank repossessions in Barranquilla

Put simply, long term investors in Barranquilla purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Barranquilla investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Barranquilla property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Barranquilla use a minimum profit value of 22% when looking at potential Barranquilla projects. The reason for this is because there are lots that can go wrong in Barranquilla property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Barranquilla

For luxury property investors hoping to add a superb property in Barranquilla to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Barranquilla, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Barranquilla should be entrusted to only the highest-quality agency.

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