IBOV 175,699.79 ▼ 0.53% IPSA 11,036.77 ▲ 0.11% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL5.08▲ 0.15% USD/MXN17.39▼ 0.23% USD/CLP924.48▼ 0.23% USD/COP3,216▼ 0.60% USD/PEN3.38▼ 0.27% USD/ARS1,474▲ 0.24% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.27▼ 0.05% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.72▲ 0.14% USD/TTD6.76▲ 1.32% EUR/BRL5.81▼ 0.79% BRENT 83.99 ▼ 0.87% WTI 78.64 ▼ 0.88% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.66% GOLD 4,055 ▼ 0.14% SILVER 58.07 ▼ 1.20% SOY 1,196 ▼ 0.95% CORN 468.50 ▲ 8.01% WHEAT 679.00 ▲ 7.56% COFFEE 328.90 ▼ 2.46% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 136.10 ▼ 2.96% COTTON 82.13 ▲ 3.18% COCOA 5,892 ▲ 4.10% BEEF 230.58 ▼ 0.37% CATTLE 344.25 ▼ 1.30% LITHIUM 70.80 ▼ 1.09% PETR4 40.30 ▼ 0.89% VALE3 74.00 ▼ 0.01% ITUB4 43.27 ▼ 0.83% BBDC4 18.51 ▼ 0.64% ABEV3 15.67 ▼ 0.89% BBAS3 20.70 ▲ 0.53% B3SA3 15.74 ▲ 2.67% WEGE3 43.84 ▼ 0.81% PRIO3 57.21 ▼ 0.63% SUZB3 41.41 ▲ 0.73% RENT3 40.42 ▼ 0.30% AZZA3 18.71 ▼ 0.74% CSAN3 3.85 ▼ 1.03% RAIZ4 0.30 ▼ 3.23% PCAR3 2.29 ▼ 6.53% GMAT3 3.96 — 0.00% PSSA3 55.20 ▲ 1.68% CVCB3 1.36 ▼ 1.45% POSI3 3.92 ▼ 1.75% SLCE3 13.55 ▼ 1.88% NATU3 8.56 ▲ 0.12% BRKM5 6.43 ▼ 5.86% RANI3 8.04 ▲ 0.37% CSNA3 5.15 ▼ 0.96% CMIN3 5.11 ▲ 0.20% USIM5 8.13 ▼ 1.22% GGBR4 24.04 ▲ 3.09% ENEV3 26.81 ▼ 1.33% CPFE3 47.01 ▼ 0.40% CMIG4 11.14 ▼ 0.54% EQTL3 40.65 ▼ 0.73% LREN3 14.15 ▼ 0.98% VIVT3 35.50 ▼ 0.06% RAIL3 14.01 ▼ 0.85% KLABIN 17.43 ▲ 0.64% RAIA DROGASIL 18.63 ▲ 0.16% RDOR3 36.14 ▲ 0.25% HAPV3 11.02 ▼ 1.52% FLRY3 16.48 ▲ 0.43% SMTO3 15.53 ▼ 3.66% UGPA3 30.41 ▲ 1.00% VBBR3 33.31 ▲ 0.03% BBSE3 40.64 ▲ 0.62% BPAC11 57.28 ▼ 1.16% CURY3 33.32 ▼ 0.80% AERI3 2.04 ▼ 1.45% VIVARA 23.33 ▼ 0.43% COMPASS 25.10 ▼ 0.40% VAMOS 3.09 ▼ 1.90% SANB11 27.12 ▼ 0.80% ASAI3 8.83 ▲ 1.96% SBSP3 30.18 ▼ 0.53% WALMEX 49.91 ▲ 1.30% GMEXICO 200.14 ▲ 0.29% FEMSA 226.95 ▼ 1.03% CEMEX 22.53 ▲ 1.49% GFNORTE 185.99 ▼ 0.11% BIMBO 57.65 ▲ 2.29% TELEVISA 9.63 ▲ 1.05% AMX 22.84 ▼ 0.04% GAP 394.23 ▼ 0.26% ASUR 282.94 ▲ 2.66% OMA 236.80 ▲ 0.76% KOF 179.16 ▼ 0.41% GRUMA 280.70 ▲ 0.47% KIMBER 38.67 ▲ 0.60% SQM-B 66,050 ▼ 2.72% COPEC 6,225 ▲ 0.24% BSANTANDER 77.86 ▼ 0.99% FALABELLA 5,862 ▼ 0.22% ENELAM 85.34 ▼ 0.48% CENCOSUD 2,050 ▲ 0.48% CMPC 1,087 ▼ 1.46% BANCO CHILE 186.55 ▼ 1.56% LATAM AIR 25.34 ▲ 1.77% YPF 77,575 ▼ 0.26% GGAL 8,065 ▲ 1.96% PAMPA 5,195 ▼ 0.67% TXAR 665.50 ▲ 0.53% ALUAR 967.00 ▲ 1.90% TGS 9,735 ▲ 0.26% CEPU 2,330 ▲ 0.13% MIRGOR 16,675 ▼ 0.45% COME 45.85 ▲ 0.22% LOMA NEGRA 3,585 ▲ 1.49% BYMA 303.75 ▲ 0.91% TELECOM ARG 4,323 ▼ 0.23% ECOPETROL 15.94 ▼ 1.36% BANCOLOMBIA 82.16 ▲ 0.07% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 396.51 ▲ 1.09% SOUTHERN COPPER 178.87 ▼ 1.93% BUENAVENTURA 30.51 ▼ 1.69% MERCADOLIBRE 1,851 ▼ 1.21% NUBANK 14.11 ▲ 0.82% XP 17.05 ▲ 1.04% PAGSEGURO 9.24 ▼ 0.48% STONE 11.31 ▲ 0.04% GLOBANT 32.30 ▲ 4.46% TECNOGLASS 45.22 ▲ 2.24% GAP AIRPORT 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0.14% SILVER 58.07 ▼ 1.20% SOY 1,196 ▼ 0.95% CORN 468.50 ▲ 8.01% WHEAT 679.00 ▲ 7.56% COFFEE 328.90 ▼ 2.46% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 136.10 ▼ 2.96% COTTON 82.13 ▲ 3.18% COCOA 5,892 ▲ 4.10% BEEF 230.58 ▼ 0.37% CATTLE 344.25 ▼ 1.30% LITHIUM 70.80 ▼ 1.09% PETR4 40.30 ▼ 0.89% VALE3 74.00 ▼ 0.01% ITUB4 43.27 ▼ 0.83% BBDC4 18.51 ▼ 0.64% ABEV3 15.67 ▼ 0.89% BBAS3 20.70 ▲ 0.53% B3SA3 15.74 ▲ 2.67% WEGE3 43.84 ▼ 0.81% PRIO3 57.21 ▼ 0.63% SUZB3 41.41 ▲ 0.73% RENT3 40.42 ▼ 0.30% AZZA3 18.71 ▼ 0.74% CSAN3 3.85 ▼ 1.03% RAIZ4 0.30 ▼ 3.23% PCAR3 2.29 ▼ 6.53% GMAT3 3.96 — 0.00% PSSA3 55.20 ▲ 1.68% CVCB3 1.36 ▼ 1.45% POSI3 3.92 ▼ 1.75% SLCE3 13.55 ▼ 1.88% NATU3 8.56 ▲ 0.12% BRKM5 6.43 ▼ 5.86% RANI3 8.04 ▲ 0.37% CSNA3 5.15 ▼ 0.96% CMIN3 5.11 ▲ 0.20% USIM5 8.13 ▼ 1.22% GGBR4 24.04 ▲ 3.09% ENEV3 26.81 ▼ 1.33% CPFE3 47.01 ▼ 0.40% CMIG4 11.14 ▼ 0.54% EQTL3 40.65 ▼ 0.73% LREN3 14.15 ▼ 0.98% VIVT3 35.50 ▼ 0.06% RAIL3 14.01 ▼ 0.85% KLABIN 17.43 ▲ 0.64% RAIA DROGASIL 18.63 ▲ 0.16% RDOR3 36.14 ▲ 0.25% HAPV3 11.02 ▼ 1.52% FLRY3 16.48 ▲ 0.43% SMTO3 15.53 ▼ 3.66% UGPA3 30.41 ▲ 1.00% VBBR3 33.31 ▲ 0.03% BBSE3 40.64 ▲ 0.62% BPAC11 57.28 ▼ 1.16% CURY3 33.32 ▼ 0.80% AERI3 2.04 ▼ 1.45% VIVARA 23.33 ▼ 0.43% COMPASS 25.10 ▼ 0.40% VAMOS 3.09 ▼ 1.90% SANB11 27.12 ▼ 0.80% ASAI3 8.83 ▲ 1.96% SBSP3 30.18 ▼ 0.53% WALMEX 49.91 ▲ 1.30% GMEXICO 200.14 ▲ 0.29% FEMSA 226.95 ▼ 1.03% CEMEX 22.53 ▲ 1.49% GFNORTE 185.99 ▼ 0.11% BIMBO 57.65 ▲ 2.29% TELEVISA 9.63 ▲ 1.05% AMX 22.84 ▼ 0.04% GAP 394.23 ▼ 0.26% ASUR 282.94 ▲ 2.66% OMA 236.80 ▲ 0.76% KOF 179.16 ▼ 0.41% GRUMA 280.70 ▲ 0.47% KIMBER 38.67 ▲ 0.60% SQM-B 66,050 ▼ 2.72% COPEC 6,225 ▲ 0.24% BSANTANDER 77.86 ▼ 0.99% FALABELLA 5,862 ▼ 0.22% ENELAM 85.34 ▼ 0.48% CENCOSUD 2,050 ▲ 0.48% CMPC 1,087 ▼ 1.46% BANCO CHILE 186.55 ▼ 1.56% LATAM AIR 25.34 ▲ 1.77% YPF 77,575 ▼ 0.26% GGAL 8,065 ▲ 1.96% PAMPA 5,195 ▼ 0.67% TXAR 665.50 ▲ 0.53% ALUAR 967.00 ▲ 1.90% TGS 9,735 ▲ 0.26% CEPU 2,330 ▲ 0.13% MIRGOR 16,675 ▼ 0.45% COME 45.85 ▲ 0.22% LOMA NEGRA 3,585 ▲ 1.49% BYMA 303.75 ▲ 0.91% TELECOM ARG 4,323 ▼ 0.23% ECOPETROL 15.94 ▼ 1.36% BANCOLOMBIA 82.16 ▲ 0.07% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 396.51 ▲ 1.09% SOUTHERN COPPER 178.87 ▼ 1.93% BUENAVENTURA 30.51 ▼ 1.69% MERCADOLIBRE 1,851 ▼ 1.21% NUBANK 14.11 ▲ 0.82% XP 17.05 ▲ 1.04% PAGSEGURO 9.24 ▼ 0.48% STONE 11.31 ▲ 0.04% GLOBANT 32.30 ▲ 4.46% TECNOGLASS 45.22 ▲ 2.24% GAP AIRPORT 227.11 ▲ 0.51% ASUR 282.94 ▲ 2.66% OMA AIRPORT 108.77 ▲ 1.05% AMX ADR 26.17 ▼ 0.04% FEMSA ADR 130.66 ▼ 1.88% CEMEX ADR 12.94 ▲ 1.05% PETROBRAS ADR 17.72 ▼ 1.12% VALE ADR 14.59 ▼ 0.00% ITAU ADR 8.50 ▼ 0.56% SANTANDER BR 5.38 ▼ 0.19% AMBEV ADR 3.06 ▼ 1.13% CSN 1.02 ▼ 0.97% GERDAU 4.75 ▲ 3.09% LATAM ADR 54.53 ▲ 1.91% BTC 65,370 ▲ 0.64% ETH 1,930 ▲ 2.14% SOL 77.99 ▲ 0.29% XRP 1.13 ▲ 1.29% BNB 581.10 ▼ 0.11% ADA 0.17 ▲ 0.23% DOGE 0.07 ▲ 0.19% AVAX 6.73 ▲ 0.49% LINK 8.55 ▲ 2.52% DOT 0.86 ▲ 0.38% LTC 45.70 ▲ 0.58% BCH 234.48 ▼ 0.85% TRX 0.33 ▲ 0.52% XLM 0.19 ▲ 0.78% HBAR 0.07 ▲ 1.42% NEAR 2.08 ▲ 3.53% ATOM 1.58 ▲ 0.83% AAVE 97.08 ▼ 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Wednesday, July 15, 2026

Regional Colombia

Colombia: the difficult task of selling houses with a dark bloody past

By · March 23, 2021 · 4 min read

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RIO DE JANEIRO, BRAZIL – A three-bedroom, two-bathroom apartment with swimming pool for rent on Colombia’s Caribbean coast.

A four-bedroom, four-bath home with hardwood floors near the Panamanian border surrounded by jungle.

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A large Art Deco mansion in the heart of Colombia’s second largest city, Medellin.

The houses for sale were once owned by former right-wing paramilitaries and left-wing guerrillas of the Revolutionary Armed Forces of Colombia (FARC) who fought each other during Colombia’s decades-long armed conflict.

A large Art Deco mansion in the heart of Colombia’s second largest city, Medellin. (Photo internet reproduction)
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1,600 properties

In February, Colombia launched an online real estate agency called Bienes FRV, in an attempt to sell more than 1,600 houses, apartments, farms and plots of land that were confiscated by the government or handed over by armed groups that have demobilized in recent years.

The proceeds from the properties, estimated at some $140.3 million, will be used to pay reparations to more than seven million victims of the armed conflict.

But while the cash and gold handed over as part of the peace process are easy to convert into funds for victims, some of the houses and apartments have been “impossible” to sell or rent, explains Miguel Avendaño, who heads Colombia’s Victims’ Unit reparations fund.

“The fund needed something like a real estate service,” Avendaño said. “We can’t be left behind because there were very few sales and rentals. (Having this service) means more resources for the victims,” he assures.

Since it began publishing ads in 2018, the Victims Unit only managed to sell 12 properties that were previously owned by combatants.

Avendaño explains that the real estate agency is an attempt to add transparency to sales and change the idea of the properties’ bloody past to favor reparations as the country struggles to heal.

The Montecasino mansion

Many of the properties are located in rural areas where the conflict continues five years after the FARC guerrillas signed a peace agreement with the government.

Others are in safer areas, but remain overshadowed by their violent history, such as the Montecasino mansion in Medellín.

The marble-clad mansion sits in the heart of the dense, mountainous city. It rents for US$4,700 per month. It has 12 bedrooms, 13 bathrooms, a spiral staircase, a lounge bar, a wine cellar, multiple pools and fountains, extensive gardens and a shell-shaped gold-painted bathtub.

The previous owners of the mansion were the founders of the now demobilized right-wing paramilitary group Autodefensas Unidas de Colombia.

The land on which it was built was once a place of bloodshed and tragedy.

It was a meeting point where paramilitary leaders planned some of the worst atrocities of Colombia’s long conflict, including bombings and massacres, where people were tortured and some of the country’s most feared hitmen were trained.

“It’s a mansion unlike any other, occupying three hectares in Medellín’s best neighborhood, but it was impossible to sell,” Avendaño says of the property’s dark past.

A four-bedroom, four-bath home with hardwood floors near the Panamanian border surrounded by jungle. (Photo internet reproduction)

It took civil engineer Sergio Ortiz to appreciate the property’s potential.

The 52-year-old, who says his own family is a victim of the armed conflict, hopes to lease the property and transform the land into a park open to the public.

If his bid for the property is accepted, Ortiz’s family wants to turn the mansion into a physical therapy center and an adjacent building into a music center.

He says his plan is to employ other victims of the conflict and “move on” by leaving the past behind.

“What we want to offer citizens is a space for sports and recreation,” Ortiz describes as he walks through the mansion’s overgrown gardens and luxurious, if dilapidated, hallways.

“This is our way of helping our country, generating a space of peace and tranquility,” he relates.

Risky

While properties in larger cities may be relatively safe, buying land in areas where dissident armed groups continue to operate and there is little state presence can be risky, says Elizabeth Dickinson, Crisis Group senior analyst in Colombia.

“Everybody knows who they belonged to and, of course, there are some feelings in those areas of who they still really belong to,” Dickinson explains.

There were cases where tenants were forced out of their new homes and others where potential buyers were threatened and pulled out.

But Avendaño hopes that as time goes on and more properties that once belonged to guerrillas or paramilitaries become normal homes, this will become less of a problem.

Within two months of the real estate agency’s launch, 10 properties have already been sold.

Ortiz is also feeling hopeful as he looks out over the grounds from the Montecasino mansion.

“This is where we envision the garden,” he details, pointing to a strip of trees and dense undergrowth.

“We want flowers, flowers and more flowers because they mean life,” he says.

Source: BBC

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