| |
Retire in Colombia
To retire in Colombia is a real option and considered seriously, especially by North Americans and Canadians. What are some of the pros and cons, if considering the move?
Standard of Living
Colombia is not the cheapest of so-called developing countries but nevertheless, cheaper than the U.S. and most of Europe. Having lived in Norway, Colombia and the U.S. over the last 6 years, I've been able to compare the process in detail.Overall, the food here is cheaper and so are restaurants. That said, cheap chains in the U.S. for example, can compete with those in Colombia.
Colombian real estate
is considerably cheaper on a nationwide basis. The major cities such as Bogota, Medellin and especially Cartagena have seen property prices increase considerably over the last 10 years and have not experienced a crash like in the rest of the world. Nevertheless, prices are still relatively cheap. It's impossible to give an exact percentage given variations in location so I suggest you research this in detail yourself.
Friendly People
Colombians are friendly. It's a fact. They are open and welcoming and will make you feel welcome. If trying to learn Spanish for instance, they will be supportive and helpful as opposed to arrogant and condescending.
Economy on the Rise
In the context of the economic crisis, particularly in Europe and United States, there is a strong sense that the "West" is losing its competitive edge in addition to currencies that are losing their purchasing power.Colombia on the other hand, is experiencing strong growth and benefitting from being a country rich in natural resources and relatively cheap labor. So far, the economic crisis has not hit Colombia particularly hard an in my opinion, there's a real possibility that over time, this may emerge as one of the richer nations in the world. Maybe this makes it even more attractive to retire in Colombia?
Social problems and Equality
This is a country of high contrast. The wealthy are highly privileged whereas the poor, have little and lack possibilities. This can be an advantage on some level, in that you can easily hire a cheap cleaning lady for example.However, the number of poor people, people begging in the streets and at times, living in poverty can be tough to deal with. There can be a sense of chaos in some parts of the cities and especially the low-income areas.
Bureaucracy & Logistical Challenges
Perhaps the most challenging aspect if wanting to retire in Colombia, paper work here takes a long time. Much like in Spain but possibly worse. It can be a challenge to understand the ways things are done and people are often late or give misinformation.If you need to apply for a visa, plan plenty of extra time. Assume things will go wrong in the process. Just because an "official" with certainty explains that you need to do x,y & z, double check as they are often wrong.
Money transfer to Colombia
can be complicated and there are certain restrictions if you wish to avoid paying taxes. Corruption is rife and therefore, you can not be as blue-eyed as back home. (not that this works anywhere in the world these days...) Having said all these things, if you're practical and have a spirit for change and adventure, I truly believe this can be a wonderful country to retire in.
Health
Public health is surprisingly good, especially in the wealthier regions through the EPS system. There is also a large offer of excellent private alternatives ranging from cosmetic surgery to a family doctor.
Return from Retire in Colombia to Colombia Travel Guide
New! Comments
Have your say about what you just read! Leave me a comment in the box below.
|