The El-Dorado City
Discover Bogota's Real Estate
Very few cities can boast of rich culture, a good economy, and a great real estate market. The ancient town of Bogotá happens to be one of them. The various incentives Bogotá offers certainly make it every investors\' pride.
Culture, History, and Business
Bogotá is Colombia’s capital city as well as the largest in the country. As the capital city, Bogotá is by default the economic, political, and administrative hub of the country. Being enriched culturally, Bogotá possesses plenty of history and ancient connections that are found in its architecture.
The last ten years have been incredible for Bogotá. This city has seen unparalleled amounts of growth. In the wake of its high prosperity, and equally profitable number of investment opportunities have also opened. Seeing to this economic growth, various large-scale organizations have invested here. They have set up their offices and have started trading from Bogotá. The financial markets, FDI gateways, universities, educational centers, and everything else highlights the huge investment potential of Bogotá. As an investor, you will find a lot of profitable investments that can be made in Bogotá that will get you higher returns.
The strategic planning that has been seen in Bogotá has further attracted a lot of investors. The planning potential and strategy have been developed so proactively that this plan is considered as the second-best strategy aiming at Foreign Direct Investment in the country.
Real Estate Appeal
Seeing the trend of the last 11 years, housing prices have increased by 8%. Inflation has played its role, but for the most part, the better investment opportunities are responsible for this increase in prices. The higher returns expected out of the investments due to a heavy tourist footprint and the arrival of several multinational companies have also allowed the investors to get good ROI.
Both the commercial and residential types of properties provide good rental income. In Bogotá alone, the rental yields lie between 5.7% to 7.1% per year. Even after adding the cost of property management and maintenance kept aside, they still offer pretty good returns on real estate investment. With the ever-progressing economic growth in Bogotá, real estate investments are also meant to become more profitable. Moreover, it is now that you can enter the market and still invest and expect some good foreseeable returns in the future.
Does Bogotá sound like a good investment destination for you? Certainly, you would love to find out more about this wonderful city. Read our succeeding articles to discover the reasons to invest in this city as well as the hottest neighborhoods in the city.
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