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Caribbean gem — UNESCO old town, Airbnb hotspot
6.5% yield
+89% 7yr
$2,500/m²
Neutral
Key Metrics
Avg Price / m²
$2,500
USD, city average
Gross Yield
6.5%
annual, before tax
7yr Appreciation
+89%
2018 → 2024 in USD
Rent vs Buy
Neutral
Break-even: 15yr
Price History
7-Year Price Trend
Average price per m² in USD · Source: Arkon market research
Rent vs Buy Analysis
Monthly Cost Comparison
Typical 2-bed price
€135K
EUR (approx.)
Monthly rent
€732
EUR/mo (approx.)
Monthly mortgage
€675
at 5.5% rate
Break-even point
15 years
to recover vs renting
Neutral
Buying and renting are roughly equivalent in this market.
Neighborhoods
Top Areas to Invest in Cartagena
Cartagena Centre
City Centre
1
Price/m²
$3,500
Gross Yield
5.5%
Cartagena Midtown
Mid-Range
2
Price/m²
$2,750
Gross Yield
6.5%
Cartagena Suburbs
Residential
3
Price/m²
$1,750
Gross Yield
7.8%
Interactive Map
Neighborhood Price Map
Click any circle or label to see price per m² and gross yield for each neighborhood.
ROI Analysis
Investment Score Breakdown
Legal & Tax
Buying as a Foreigner in Cartagena
Foreign ownership permitted
Foreigners can generally purchase property in Cartagena. Consult a local lawyer for current regulations.
Transfer taxes apply
Standard property transfer taxes and notary fees apply. Budget 3–8% for total acquisition costs.
This information is for general guidance only and does not constitute legal advice. Always consult a qualified local lawyer before purchasing property abroad.
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