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Real Estate in Providencia Island, Colombia | Digital Nomad Exchange
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Real Estate in Providencia Island, Colombia

By Betsy Burlingame

Last updated on Apr 02, 2024

Summary: People living in Providencia Island, Colombia offer advice about real estate. How do you find a home in Providencia Island? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Providencia Island?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"To find a place to live in Providencia Island, you can start by researching online on websites such as Airbnb, Booking.com, and Expedia to find available accommodations, including hotels, hostels, and vacation rentals. You can also join local Facebook groups or online forums dedicated to Providencia Island, where you can ask for recommendations and connect with locals who may have insider knowledge on available housing options. Another option is to contact local real estate agencies in Providencia Island, as they can help you find suitable properties for rent or sale. You can also visit the island and explore the neighborhoods in person, looking for "For Rent" or "For Sale" signs on properties, and talking to locals who may know of available accommodations. Once you have shortlisted a few potential places, make sure to visit them in person to inspect the property and its surroundings, ensuring it meets your needs and preferences. Don't forget to inquire about the rental or purchase process, including any required documentation and fees, to ensure a smooth transition to your new home in Providencia Island," remarked one foreigner who made the move to Providencia Island.

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We have over 10 years of experience helping foreigners obtain visas, invest, and do business in Colombia. Take the stress out of immigrating to Colombia by working with an experienced, bilingual immigration attorney.
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What is a typical expat home or apartment like in Providencia Island?

"A typical expat home or apartment in Providencia Island, is likely to be a comfortable and well-furnished space, often featuring a mix of modern amenities and traditional Caribbean architecture. These homes may have spacious living areas, multiple bedrooms, and fully-equipped kitchens, making them suitable for families or individuals seeking a home away from home. Many expat homes in Providencia Island also boast stunning ocean views, private balconies or terraces, and easy access to the island's beautiful beaches. Some properties may also include access to shared facilities such as swimming pools, gardens, and barbecue areas, allowing expats to enjoy the island's tropical climate and laid-back lifestyle. Additionally, these homes are often located within close proximity to local shops, restaurants, and other amenities, making it convenient for expats to explore and immerse themselves in the vibrant culture of Providencia Island," said one person in Providencia Island.

Colombian Visa Services

We have over 10 years of experience helping foreigners obtain visas, invest, and do business in Colombia. Take the stress out of immigrating to Colombia by working with an experienced, bilingual immigration attorney.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

Colombian Visa Services

We have over 10 years of experience helping foreigners obtain visas, invest, and do business in Colombia. Take the stress out of immigrating to Colombia by working with an experienced, bilingual immigration attorney.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

What is the average cost of housing in Providencia Island?

If you are thinking about moving to Providencia Island, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Providencia Island, can vary depending on the type of accommodation and location. Generally, the prices for renting a house or apartment range from affordable to moderately expensive. For instance, a budget traveler can find a basic room or apartment for a relatively low price, while a more luxurious villa or beachfront property can be significantly more expensive. It is essential to research and compare different options to find the best fit for your budget and preferences," said one person in Providencia Island.

Should I buy or rent a home in Providencia Island?

If you have not spent a lot of time in Providencia Island, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Providencia Island, depends on your personal circumstances, preferences, and financial situation. If you plan to stay in the area for a long time, appreciate the stability of owning a home, and have the financial means to make a purchase, buying a home could be a good investment. Owning a home also allows you to build equity and potentially benefit from the appreciation of property values over time. On the other hand, if you are unsure about your long-term plans, prefer the flexibility of being able to move easily, or do not have the financial resources for a down payment and ongoing maintenance costs, renting may be a better option. Renting a home in Providencia Island allows you to explore the area without the commitment of homeownership and can be more affordable in the short term. Additionally, consider factors such as the local real estate market, property taxes, and the availability of rental properties when making your decision. It is essential to weigh the pros and cons of buying versus renting and determine which option best aligns with your lifestyle and financial goals," said one expat in Providencia Island.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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