The Fiducia Letter
How Americans actually buy property in Colombia before it's built.
A weekly letter on Colombian preventa (pre-sale) real estate, written for American buyers from the developer's side of the table. The trust law, the contracts, the numbers, the risks. In plain English.
Recent issues
The Fiducia: What It Guarantees, and the One Thing It Pointedly Doesn't
Why I'm Learning Colombian Pre-Sale Real Estate in Public
What the letter covers
- The fiducia mercantil. The regulated trust that holds your money until a project hits its pre-sale break-even, and what it does and doesn't protect.
- The real numbers. Construction cost per square meter, foreign-facing sale prices, and where the developer margin sits.
- The contracts and the law. Promesa de compraventa, freehold title for foreigners, the steps a US buyer goes through, and the risks worth naming.
- The market. What's being built on Colombia's Caribbean coast, and what a dollar buys there versus at home.
Who writes it
I'm a licensed California real estate agent learning the Colombian pre-sale market in public, on my way to developing there myself. I read the Spanish-language sources, the Camacol data, and the trust law, then write up what an American buyer needs to know. No listings, no commissions, no hype. Just the mechanics, honestly, including the parts that carry risk.