Investment Property in Tunja

Investment Real Estate in Tunja

Tunja 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 Tunja and LATAM .

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Searchable Map of Tunja Investment Real Estate

Tunja (Spanish pronunciation: [ˈtuŋha]) is a city on the Eastern Ranges of the Colombian Andes, in the region known as the Altiplano Cundiboyacense, 130 km northeast of Bogotá. In 2018 it had a population of 172,548 inhabitants. It is the capital of Boyacá department and the Central Boyacá Province. Tunja is an important educational centre of well-known universities. In the time before the Spanish conquest of the Muisca, Tunja was called Hunza and was conquered by the Spanish conquistadors on August 20, 1537 upon zaque Quemuenchatocha and founded by the Spanish on August 6, 1539, exactly one year after the former southern capital Bacatá. The city hosts the most remaining Muisca architecture: Hunzahúa Well, Goranchacha Temple and Cojines del Zaque.

Tunja is a tourist destination, especially for religious colonial architecture, with the Casa Fundador Gonzalo Suárez Rendón as oldest remnant. In addition to its religious and historical sites it is host to several internationally known festivals and is a jumping-off point for regional tourist destinations such as Villa de Leyva, Paipa, and Sierra Nevada del Cocuy. It is a stop on the Pan American Highway which connects Tunja to Bogotá and Santa Marta and eventually to the northern and southernmost parts of South America.

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The increasing financial and political stability of Tunja 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 Tunja

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

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

Set goals based on how much rental yield will be required and the local rental yield rates in Tunja and be prepared to change your initial outlook.
Thoroughly research the Tunja location with a special emphasis on fringe areas outside the main Tunja metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Tunja.
Ensure that your target investment property in Tunja 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 Tunja properties yourself is an easy option, but are these savings justifiable when you run into Tunja red tape? Physis Realty Tunja office in downtown Tunja provides you with peace-of-mind and leaves you time to plan your next move in the growing Tunja buy-to-rent sector.

With our expert guidance, investing in Tunjaprovides the secure knowledge that your money is working harder than it would in a local Tunja 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 Tunja, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Tunja property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Tunja

Flipping property in Tunja

Flipping property is when we advise clients to buy a Tunja 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 Tunja market has a time to react to the renovation.

The Flipping Strategy in Tunja

Investment property flipping in Tunja 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 Tunja real estate investments are sometimes referred to by professionals as ‘distressed’ Tunja real estate.

What is distressed Tunja property:

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

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

Calculate profit that you make from Tunja investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Tunja

For luxury property investors hoping to add a superb property in Tunja 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 Tunja, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Tunja should be entrusted to only the highest-quality agency.

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