'Buying Real Estate in Santa Marta, Colombia' Real Estate

Buying Real Estate in Santa Marta, Colombia

Discuss your real estate experiences here. Are you buying, selling, browsing or moving? Tell us about your experiences with real estate in Colombia. IMPORTANT! This is a DISCUSSION board only. Please post your free real estate ad at: Colombia Real Estate Listings

Steven MacHutta (64.12.116.196) -

Looking to purchase a large condo unit on or near the beach in Santa Marta. Please advise.

Reply #1 Todd Wilkes (205.250.55.203) -

Hi we are looking for a property near Tayrona park. Last time I was there they had small houses outside the park on the beach for sale. Aslo we would be interested on land on San Andres or Providenica . It would have to be a lot on the beach or a large building suitable for a B&B. But please get back to me on any properties in Snata MArta or the islands. Thank you Todd

Reply #2 karl figert (69.140.120.88) -

am interested in property in or around Santa Marta ...

beachfront maybe....for sure several acres...

condominium maybe...

Reply #3 mario (68.174.123.214) -

Looking for house or condo for sale in Santa Marta or cartegena. Any info would be great !

Reply #4 Edward (68.114.40.254) -

Transfer of funds & purchase of real estate

A U. S. citizen may purchase real estate in Bogota, Colombia. All you will need to acquire title is a U. S. Passport or Cedula de Extranjeria from the DAS, Departamento Administrativo de Seguridad. Having said this, you are cautioned to be careful how you transmit your personal funds for this purchase.

There are laws and regulations in Colombia for the import and export of dollars and their monetization (converting dollars to pesos). If you do not follow the exact instructions regarding forms and time frame you will have a painful experience. These funds transferred may be taxed at 46% on the repatriation of same funds.

You must report or make a declaracion to the Banco de la Republica in Colombia:

Declaracion No. 5: This is a form you may use for reporting the importation and monetization of your funds to the Banco de la Republica. Assuming the funds are remaining in Colombia you have no further reporting responsibilities for the importations of your dollars. However, if at a latter date you have a need to sell the property and repatriate, the funds will be taxed at a 46% rate.

Declaracion No. 4 and Declaracion No. 11: A Foreign Investment in Goods or Real Estate is better handled by filing forms 4 and 11. Declaracion of the import of dollars are reported to the Banco de la Republica with Form 4. Within 3 months you must follow-up with Form 11 to legalize your purchase (same procedure for auto or real estate). Form 11 must be presented along with the contract of purchase, or promesa de compra venta, with-in this 3 months time frame. There are some exceptions to the 3 months but better to avoid if possible.

If you have used Form 4 and 11 for the foreign investment you will be able to repatriate the funds without the 46% government tax. Most of us can purchase a house or apartment for our Colombiana with this method. However, if your circumstances are more complicated you might consider setting up a legal off-shore account in the Cayman Islands or Panama, which is called in Colombia paraiso fiscal.

Incidentally, you will need from DIAN a RUT (ID number). This number identifies you as a tax payer in the district and Country. You will use this number to report any annual tax liability on assets in the Country.

In summary, you are responsible for the reporting to the Banco de la Republica. Many if not most real estate agents are not aware of these reporting requirements for foreign investors. Furthermore, many of the local banking officers are not equipped to advise you regarding which method is best for your set of circumstances. Secure the services of a lawyer and tax accountant experienced with international transactions.

Reply #5 marta (70.51.149.197) -

7.5 acres of land in a virgin beach with 328 feet of private beach. house with 3 bedrooms. No turisty area

Reply #6 gloria pinzon (212.85.7.14) -

yo deseo comprar propiedad cerca del mar in santamarta , cartagena mi direcion es 169 hall road tw7 7pd london uk

Reply #7 maria hincapie (146.12.3.3) -

Deseo comprar casa o duplex en Santa Marta cerca a la playa minimo 3 cuartos 2 banos, si alguien tiene informacion o algun site donde pueda averiguar por favor dejeme saberlo a mi direccion electronica.

Gracias por este servicio.

mh

Reply #8 Russell (66.251.10.50) -

I am looking for a house in Santa Marta Colombia. I should have 3 bedrooms & 2 baths. I would appreciate any info on houses & prices of houses in this area.

Thanks

Reply #9 russ mcintosh (200.21.75.74) -

interested in purchasing condo/house near/0n the beach in Santa Marta..........3/4 bedrooms...3/4 baths.... any information is appreciated.............russ

Reply #10 Aaron Edwards (63.111.22.194) -

Greetings, I'm looking to purchase a house in Santa Marta, Colombia on the beach or overlooking the beach. Can you please advise? Thank you

Reply #11 Louis J. Boulet (161.184.206.231) -

Looking for small hotel/restaurant with beachfront in Santa Marta

Reply #12 Mauricio from Miami (Contact Member) -

Todd, are you still interested in land in the islands?

Reply #13 camilo jimenez (200.26.156.49) -

Ojo de Agua

For sale 10 hectareas with 9 units next to the Santamarta Golf Club, 500 meters from the beach, 1km from the airport, 1k from Decameron hotel, next to Balcones de Costa Azul. It has a license to develop 59 lots from 1.000 to 2.000 square meters. Price $230.000 us dlrs. Constructions require restoration but price is based on cost of land.

Reply #14 camilo jimenez from santa marta colombia (Contact Member) -

property for sale in santa marta colombia

Reply #15 camilo jimenez from santa marta colombia (Contact Member) -

Reply #6 Sra, Pinzòn

Favor informeme su email para transcribir informacion sobre mi propiedad en santa marta que estoy vendiendo. saludos,

camilo jimenez

Reply #16 feliciana100@http://hotmail.com from Colombia (Contact Member) -

Nov. 26

Dear Louis; The property that I have in Santa Marta might be suitable for what you are looking. Please let me know your email to send you pictures. Regards, Camilo Jimenez

Reply #17 Ricardo J Mejia (68.14.82.90) -

I want to buy a house or an apartment in Santa Marta, neat to the beach

Reply #18 Jose Rodriguez (70.148.165.146) -

looking for townhouse or condo in santa marta, colombia on the beach, at least 2 bedrooms/ 2 baths.

Reply #19 Elena Acosta (71.255.159.196) -

I am looking to purchase either land or real estate to create

and environmental center and business that will support the

center near Sta Marta or el Parque Tayrona.

Reply #20 Gerardo (74.99.102.101) -

For sale:

Beautiful and big home for sale in sta marta, Gated and private Condo-Townhouse, 7 rooms, 4 1/2 bathrooms, double entrance, double private parking, end unit, great condition, inner patio, can be divided into 2 full houses, swimming pool, 24/7 security on site, intercom with main gate. party room. right across the new shopping mall Ocean Mall.

please contact me at gefmo1@yahoo.com

Reply #21 camilo jimenez (200.26.156.39) -

January 14

To Elena Acosta Reply 19, please contact feliciana100@http://hotmail.com to foward you the information on my property in Santa Marta. Regards, Camilo Jimenez

Reply #22 Nina Bentham (64.12.116.66) -

I own a 4 bedroom /2 bathroom house in Mamatoco, which is I would say one of the few neighborhoods left with vegetation in Santa Marta. IT has a front and backyard with an fruit trees.

Currently for sale for $75.000.000 pesos

THis neigborhood is located on the outskirts almost of Santa Marta, on the way to Tairona Park.

E mail me if interested.

Reply #23 NIna (64.12.116.66) -

TEngo una casa de 4 cuartos/2 banos para la venta en el barrio Mamatoco en Santa Marta por $75.000.000 pesos. TIene patio, jardin en frente y arboles frutales. SI esta interesado favor comuniquese conmigo al correo sashakahlia@aol.com

Reply #24 Sandra Drake (214.13.248.180) -

I am looking for land in barranquilla colombia. Anything please reply my e-mail with information.

Interesada en la compra de propiedad en Barranquilla Colombia

porfavor mandeme un e-mail con informacion listada.

Gracias/Thank you!!!

Mrs. Drake

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