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Real Estate in Pereira, Colombia | Digital Nomad Exchange
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Real Estate in Pereira, Colombia

By Betsy Burlingame

Last updated on May 05, 2024

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

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How do I find a place to live in Pereira?

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

"Finding a place to live in Pereira involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a shared apartment to a private house. Next, you should research the different neighborhoods in Pereira to find one that suits your lifestyle and preferences. Some popular neighborhoods include Pinares, Cerritos, and El Poblado. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find listings for rentals in Pereira, such as fincaraiz.com.co, metrocuadrado.com, and compreoalquile.com. You can also use social media groups dedicated to housing in Pereira. Facebook, for example, has several groups where people post about available rentals. Another option is to hire a real estate agent. They can help you navigate the local market, arrange viewings, and negotiate contracts. When you find a place you're interested in, make sure to visit it in person before making any commitments. Check the condition of the property, the amenities, and the surrounding area. Finally, once you've found the perfect place, you'll need to sign a lease agreement. Make sure to read it carefully and understand all the terms before signing. It's also a good idea to have a local friend or a lawyer review it to ensure there are no unfair clauses. Remember, finding a place to live can take time, so be patient and don't rush the process," remarked one member in Pereira.

"Along with the points noted above, I think one of the most important aspects of finding a place here in Pereira is knowing where, what barrio you want to hang your hat. Pricing is going to be determined much on that. Pineras is more expensive than Cuba and so forth. But the quality of life is affected by such. Not any different than most everywhere else, bad neighborhoods cost less and vice versa," explained one expat living in Pereira, Colombia.

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What is a typical expat home or apartment like in Pereira?

"A typical expat home or apartment in Pereira, is often located in a safe and secure neighborhood, with easy access to amenities such as supermarkets, restaurants, and public transportation. These homes are usually modern and spacious, featuring multiple bedrooms, a fully equipped kitchen, and a comfortable living area. Some may also have a balcony or terrace with views of the city or surrounding nature. Many apartments are located in buildings with additional amenities such as a swimming pool, gym, or communal social areas. The homes are often furnished with contemporary furniture and appliances, and may include features such as air conditioning, high-speed internet, and cable TV. Despite the modern comforts, these homes often incorporate elements of traditional Colombian architecture and design, creating a unique blend of old and new. Some expats may also choose to live in houses with private gardens or even in country houses on the outskirts of the city, offering a more tranquil and relaxed lifestyle," said one expat in Pereira.

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What is the average cost of housing in Pereira?

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

"The average cost of housing in Pereira can vary greatly depending on the location and size of the property. For a one-bedroom apartment in the city center, the monthly rent can be around $200 to $300. If you're looking to buy, the price per square meter for an apartment in the city center can range from $1,000 to $1,500. For a similar apartment outside of the city center, the price per square meter can be around $800 to $1,200. However, these prices can fluctuate based on the current real estate market conditions," explained one person living in Pereira, Colombia.

Should I buy or rent a home in Pereira?

If you have not spent a lot of time in Pereira, 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 Pereira, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Pereira for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial security in the future. However, buying a home also comes with additional costs such as maintenance, property taxes, and insurance. It also requires a significant upfront investment for the down payment and closing costs. Therefore, if you're not financially ready for these costs, renting might be a better option. Renting a home in Pereira offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it doesn't require a large upfront investment. Additionally, the real estate market conditions in Pereira should also be considered. If the market is favorable for buyers and you have the financial means, it might be a good time to buy. On the other hand, if the market is more favorable for renters, or if home prices are high, renting might be the better option. In conclusion, the decision to buy or rent a home in Pereira, Colombia, should be based on your financial situation, long-term plans, and the current real estate market conditions. It's recommended to consult with a real estate professional or financial advisor to help make the best decision for your circumstances," explained one person living in Pereira, Colombia.

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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