Medellin’s real estate sector is growing. Can it even become the next Panama or Costa Rica?

Medellin’s real estate sector is growing thanks to growing interest by foreign buyers and improved credit for local purchases of residential and commercial real estate, industry officials say.

“There has been a notable increase in Medellin from foreign clients, possibly due to the real estate situation in the United States, which is an incentive to evaluate other areas of high investment potential,” says Carlos Mario Osorio, general manager of the Medellin office of Century 21. “The recent construction boom is related to the growing access to credit for private investment, mainly in industrial, commercial and residential real estate.”"*

*From: http://www.latinbusinesschronicle.com
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