Construction

Real Estate Sector

  • The construction of 3,114 units is projected to begin in the first half of 2025.  
  • 5% of real estate purchases in Santa Marta are made by foreigners, and 19% by non-resident Colombians.  
  • Santa Marta ranks #1 in tourist housing availability in Colombia, with 87% of the market dedicated to this sector.  
  • Santa Marta is the second-best city in the world for seaside real estate investment, according to the Global Property Survey.  
  • Sales of real estate for tourism purposes have increased by 23%.