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

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By Betsy Burlingame

Last updated on Oct 14, 2024

Summary: The average cost of a nice 2 bedroom home in Villavicencio, Colombia is around $100,000 USD, while a nice 3 bedroom home can cost around $150,000 USD. These properties typically include modern amenities such as air conditioning, hot water, and a kitchen. Some may also include a pool, terrace, and/or garden. Foreigners are allowed to purchase property in Villavicencio, however they must obtain a visa and register with the local government. The best way for an expat to search for a home to buy in Villavicencio is to use a real estate agent or search online. There are many websites that list properties for sale in the area. The most desirable neighborhoods in Villavicencio are La Pradera, La Estancia, and El Parque. These areas are known for their safety, convenience, and access to amenities.

How do I find a place to live in Villavicencio?

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

"One of the best ways to find a place to live in Villavicencio is to search online for rental listings. There are many websites that offer listings for apartments, houses, and other types of rental properties in the area. Additionally, you can also search for local real estate agents who specialize in the Villavicencio area. They can provide you with more information about the local rental market and help you find the perfect place to live. Additionally, you can also ask friends and family who live in the area for recommendations," explained one expat living in Villavicencio, Colombia.

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

"Expat homes and apartments in Villavicencio are typically modern and comfortable. Many of the apartments are located in gated communities with 24-hour security, and offer amenities such as swimming pools, gyms, and playgrounds. The apartments are usually spacious and well-equipped, with air conditioning, cable TV, and internet access. Villavicencio is a great place for expats to live, as it is a safe and friendly city with plenty of activities and attractions to explore," said one person in Villavicencio.

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What is the average cost of housing in Villavicencio?

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

"The cost of housing in Villavicencio is generally quite affordable. Prices vary depending on the size and location of the property, but the average cost of a two-bedroom apartment in the city center is around $400 to $500 per month. Outside of the city center, prices can be even lower," said one person in Villavicencio.

Should I buy or rent a home in Villavicencio?

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

"When deciding whether to buy or rent a home in Villavicencio, you should consider various factors such as your financial situation and future plans. If you have the financial means to buy, you should consider the convenience of owning a home and the possibility of equity appreciation. Even if renting is more feasible in the short-term, you may want to factor in the rising costs of rent over time. Also, if you plan to live in the area for a long period of time, homeownership can provide more stability in comparison to constantly having to relocate due to lease renewal. It is important to consider all of your options before making a decision on whether to buy or rent a home in Villavicencio," explained one person living in Villavicencio, Colombia.

What do I need to know when buying property in Villavicencio?

When we asked expats what advice they would give a foreigner before buying a property in Villavicencio, they said:

"When buying property in Villavicencio, it is important to research the local market and understand the legal requirements for purchasing property. It is also important to be aware of the local taxes and fees associated with buying property, as well as any restrictions or regulations that may apply. It is also important to ensure that the property is in good condition and that all necessary paperwork is in order. Additionally, it is important to be aware of the local infrastructure and amenities, such as access to public transportation, schools, and healthcare facilities. Finally, it is important to be aware of the local culture and customs, as well as any potential safety concerns," explained one person living in Villavicencio, Colombia.

Are foreigners allowed to own property in Villavicencio?

When we asked expats what advice they would give a foreigner before buying a property in Villavicencio, they said...

"Yes, foreigners are allowed to own property in Villavicencio. According to the Colombian Constitution, foreign citizens and companies are allowed to own real estate in Colombia, including in Villavicencio. However, foreign citizens must obtain a visa in order to purchase property in Colombia. Additionally, foreign citizens must register the property with the Colombian National Registry and obtain a tax identification number in order to complete the purchase," remarked one foreigner who made the move to Villavicencio.

What appliances are typically included in a rental?

We asked foreigners in Villavicencio what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Villavicencio typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, dishwasher, and air conditioning unit. Depending on the property, additional amenities such as a clothes dryer, water heater, and television may also be included," explained one person living in Villavicencio, Colombia.

Additional Information about Searching for a Home in Villavicencio:

We asked foreigners in Villavicencio what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats can search for homes in Villavicencio by looking online for real estate listings, contacting local real estate agents, and asking for recommendations from other expats who have already moved to the area. Additionally, expats can attend local real estate events and open houses to get a better sense of the housing market in Villavicencio," explained one person living in Villavicencio, 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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