Apartments for sale and rent north of Bogotá Colombia Houses
There isn’t a better example of a country that has successfully challenged and changed its status quo than Colombia. What used to be a place overrun with bloodthirsty drug cartels and all-reaching corrupted government officials just a few decades ago is now one of the best countries to invest in Latin America. And even though some safety issues are still a cause for concern, Colombia is one of the freest economies in the Americas and the fourth largest economy too. Good news, investors.
You might have heard of Medellin as the place to be if you’re travelling to Colombia or are planning to live there. But nothing beats the capital of Bogota when it comes to investing in real estate. Over 13 million people call this giant metropolis home, and if you always go for real estate markets that get overlooked by others, you must give Bogota a chance. There are plenty of great real estate deals up for grabs – get them while they’re hot.
But the really good news is that while you’re there investing in real estate in Bogota, you might as well get the permanent residence that’s on offer. It could even lead to a second passport if you’re interested. You see, this Latin American country has some of the latest immigration laws. Guess where you can just show up with your passport and buy real estate? That’s right, in Colombia. So, in this guide, we will tell you all that there is to know about investing in Bogota. We’ll cover everything from which neighbourhoods you’ll find the best bargains into how the process of buying real estate in Colombia works in practical terms.
Let’s get started.
Why Invest in Real Estate in Bogota?
If you’re an investor, you need to be looking for high returns and decent liquidity in your investment. And when it comes to real estate investments, there is no better option in Colombia than the capital city of Bogota. That’s because it’s one of the biggest cities in the Americas: only New York and Mexico City are larger than Bogota.
It’s the most important urban destination in the region for all things relating to government apparatus, finance, as well as international corporations.
As such, it attracts both locals and foreigners alike. And they will all need a place to live if you care to rent out your Bogota property. If you’re still worried about the violence and corruption, you’ll be glad to know that the country has cleaned up its act recently. That said, even though it’s a much safer place now, it still sits pretty high on the list of the most dangerous countries in the world.
Its position as the 21st on that list does the country no favours when it comes to tourism; you’ll need to be very picky about the areas that you visit and that you roam at night. But it’s great news when it comes to real estate investment. Plenty of other more ‘conservative’ investors won’t touch Bogota with a ten-foot pole, let alone invest in real estate there. That leaves plenty of good deals in Bogota for you to scope out and pounce on. And why should you? Because now is a perfect time.
Bogota Colombia Real Estate Bogota offers up plenty of great deals on solid real estate investments. You can find more videos, talks, and other content related to Investing & Real Estate on our YouTube channel. Simply put, the Colombian peso is at an all-time low; the currency of Colombia is trash.
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That makes it great for foreign investors to come in and start buying things up. Even though the peso goes up and down slightly, its long-term perspective is one of feebleness.
However, until the government recognizes just how destabilizing having such a devalued currency is and gives its people what they want – the US dollar – you’ll have plenty of great buying opportunities. Currency woes (or joys, depending on who you ask) aside, Colombia is the fourth-largest economy in Latin America. And, considering its size when compared to the top economies of Brazil and Argentina, it’s no mean feat. Colombia is also a real success story when it comes to foreign investment. Lots of it has already arrived in the last two decades, but we don’t see it peaking any time soon.
