What new developments are available in Castillo Grande?

Buy property in Cartagena

New developments in Castillo Grande Here is what changes in this sector, which kind of property fits and what to check before signing.

New construction is not spread evenly across Cartagena, and knowing where it appears matters more than holding a list, since no inventory is published and what is for sale changes as each phase sells through. In some areas building anew is close to impossible given the nature of the lots and the rules governing the setting, so what is offered as new there tends to be a deep restoration. Other districts are densifying and towers dominate. Along the city edges low-rise clusters appear. Before asking for names it is worth settling which stage is of interest, because buying off plan, mid-construction, or finished are very different decisions in terms of risk and of when the place can actually be used. Other narrowing questions: how large the developer is, whether permits are already issued, and how buyer funds are held while work proceeds. Dimare Collection sends the current options once someone writes in, and that is the moment to ask, because availability by phase sells out and renews constantly.

What Castillo Grande is, and what changes there

In Castillogrande the typical deal is not a unit in a condominium but a house and its lot, which puts the weight of the file back on the chain of title to the land: you climb through the deeds to the parcelación, the original subdivision that created the block, because those platting deeds registered conditions, setbacks and easements that still bind and that are invisible from the street. There is no building manager to issue a paz y salvo, a no-arrears certificate, and no assembly to settle anything, so boundary questions with a neighbor are argued between private parties and what governs is the title and the survey, not a set of house rules. The counterparty is usually an old city family and, fairly often, a family company that owns the property: then you must decide whether to buy the real estate or the company's shares, two different transactions with different paperwork and different exposure, and request the certificado de existencia y representación, the corporate good-standing and signing-authority certificate, together with the resolution approving the sale. And because the neighborhood is fully built out, any construction is permitted on an already developed lot, with neighbors entitled to take part in the proceeding.

Colombian living abroad

This is the case apart. You need no visa and no cédula de extranjería, because your document is the Colombian cédula, and that is exactly what gets neglected: check that the cédula is current and that its details match the registry, because an unrecorded change of marital status or surname stops the deed. The money, though, does come from abroad, so the transfer enters through the regulated exchange market with its declaración de cambio like anyone else's, and if you are not a Colombian tax resident that inflow may have to be registered as foreign investment with the Banco de la República: they are who to ask whether your particular case requires it. What really changes is how you file. Tax residence is not chosen, it is determined by rules, and not being a Colombian tax resident alters what is withheld from you and what you report to the DIAN, both on rent and on sale. For signing from abroad, the Colombian consulate where you live grants the poder. And the tax question is whether a treaty exists between Colombia and the country where you live and what it says about rental income and about ganancia ocasional, with an accountant in each country.

The next step

Write to us with what you are looking for and we will send you what is available. Availability, price and the terms of each property are confirmed before any offer.

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