Medellín, Colombia

Medellín’s transformation from cartel capital to Latin America’s innovation hub is driving property demand that rivals any market in the region. Average apartment prices in El Poblado, the prime district, sit at USD 1,500 per square meter, which is 60% cheaper than comparable neighborhoods in Buenos Aires or São Paulo, yet the city boasts 300 days of spring-like weather and a rapidly expanding tech scene. With over 50 coworking spaces and a growing expat population, rental yields average 7% annually, outperforming the global average of 4.5%.