Colombian pre-sale real estate
How Americans buy property in Colombia before it's built.
A weekly letter on Colombian preventa (pre-sale) real estate, written for American buyers from the developer's side of the table. The trust law, the contracts, the numbers, the risks. In plain English.
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What the letter covers
The fiducia mercantil
The regulated trust that holds your money until a project hits its pre-sale break-even, and what it does and doesn't protect.
The real numbers
Construction cost per square meter, foreign-facing sale prices, and where the developer margin sits.
The contracts and the law
Promesa de compraventa, freehold title for foreigners, the steps a US buyer goes through, and the risks worth naming.
The market
What's being built on Colombia's Caribbean coast, and what a dollar buys there versus at home.
Who writes it
I'm a licensed California real estate agent learning the Colombian pre-sale market in public, on my way to developing there myself. I read the Spanish-language sources, the Camacol data, and the trust law, then write up what an American buyer needs to know. No listings, no commissions, no hype. Just the mechanics, honestly, including the parts that carry risk.