Understanding the recent evolution of real estate prices in Bogotá: A half-century of changing dynamics

The 70s and 80s: Economic stagnation and uncertainty

In the 70s and 80s, the real estate market in Bogotá experienced a period of stagnation. National political events and economic difficulties have largely influenced Real estate prices. It was a time when investing was risky, which dampened the enthusiasm of local and foreign investors. Despite this, prices have maintained a certain stability due to a lack of sharply rising demand.

The 90s: Start of recovery thanks to stable economic policies

The turn of the 90s marked a significant improvement forreal estate investment in Bogotá. With more stable economic policies and a better security situation, Bogotá started attracting investors again. This period saw a gradual increase in real estate prices, boosted by renewed confidence in the Colombian economy.

2000-2010: The economic boom boosts real estate prices

During this decade, Bogotá experienced remarkable economic growth, reflected in rising real estate prices. The increase in population and the improvement of infrastructure have generated a strong demand for housing. Prices have soared, making the real estate market particularly attractive for national and international investors. 🌍

2010 to today: Stabilization and future prospects

More recently, the real estate market in Bogotá has shown signs of stabilization. Although prices continue to rise, growth is more moderate. This trend is due in part to market saturation but also to a more diversified economy. Currently, investing in Bogotá remains a very interesting option, with stable growth forecasts for the coming years. 📈

In short, the evolution of real estate prices in Bogotá over the last few decades shows how decisive economic and political factors are. At Remoters, we are committed to providing you with the most accurate information to help you in your search for the perfect place to stay in Bogotá. Stay connected for more details on opportunitiesreal estate investment in this dynamic metropolis.

Discover the neighborhoods of Bogotá: The Most Expensive, the Most Attractive and Those to Avoid for the Real Estate Market

The Neighborhoods of Bogotá

Chapinero

Chapinero is a very attractive neighborhood. Known for its vibrant nightlife and numerous entertainment options, it is very popular with young professionals. The real estate price there is high due to its popularity. However, investing in this neighborhood can be a great decision if you are looking for a vibrant city life.

Usaquén

Usaquén is one of the most expensive neighborhoods in Bogotá. This area is famous for its high-end restaurants and luxury shops. The real estate market is very dynamic thanks to strong demand. If you have a large budget, investing in Usaquén can be very profitable in the long term.

La Candelaria

La Candelaria is the historic heart of Bogotá. Very touristy, this neighborhood offers a unique colonial charm. While real estate prices may be high, they are still justified by historical and cultural appeal. A real estate investment here can be a good idea, especially if you are a lover of history and culture.

Santa Fe

Santa Fe is a neighborhood that should be avoided. Despite its proximity to the city center, it remains known for its security problems. Real estate prices are low there, but that reflects the challenges this sector poses. So it's best to turn to safer and more stable neighborhoods.

Teusaquillo

Teusaquillo is an attractive and growing neighborhood. With its parks and historic buildings, it offers a pleasant living environment. The real estate market is booming there, and real estate prices remain relatively affordable. A good choice for those looking for a real estate investment with growth potential.

Fontibón

Fontibón is a neighborhood that should be avoided at the moment. Although real estate prices are low, the area still lacks infrastructure and amenities. The real estate market is not developed enough to guarantee a safe investment. Waiting for the neighborhood to develop further would be wiser.

El Chicó

El Chicó is one of the most expensive neighborhoods in Bogotá. Known for its luxury buildings and embassies, the real estate price is extremely high. However, it is an excellent choice for a prestigious real estate investment. The returns can be very attractive, especially if you are targeting high-end customers.

Suba

Suba is an attractive neighborhood, especially for families. It offers numerous quality parks and schools. The real estate market is stable and prices remain reasonable. It is a great option for those looking for a family environment while making a good real estate investment. 😊

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Conditions for the purchase of real estate in Bogotá for a French investor

If you are a French investor, you will be happy to know that the real estate market from Bogotá is very welcoming to foreigners. You don't need permanent residency or Colombian citizenship to buy real estate. Here are the essential steps to take:

Regulatory aspects for investing in real estate in Bogotá

  1. Obtaining the Número de Identificación Tributaria (NIT) : Like any foreign investor, you need to get an NIT to be able to pay taxes related to your real estate investment.
  2. Opening a bank account in Colombia : A local bank account is necessary to facilitate financial transactions related to the purchase of your property.
  3. Promise to sell contract : This is a preliminary contract where the conditions of the sale are established, including the real estate price and the terms of payment.

Tax aspects related to real estate investment in Bogotá

The acquisition of real estate in Bogotá involves some fiscal obligations. Here's what you need to know:

  • Impuesto Predial : This is an annual property tax based on the cadastral value of your property.
  • Retención en la Fuente : A withholding tax upon purchase, generally 1% of the sale price.
  • Renta statement : As a foreign investor, you must declare your real estate income in Colombia.

Steps to follow to buy a property remotely

Buying real estate remotely may seem complex, but with the right preparation, it's entirely manageable:

  1. Search for real estate : Use online platforms like Remoters to explore the options available.
  2. Virtual visit : Organize virtual tours to assess properties without having to travel.
  3. Verification of documents : Make sure the legal documents are in order. This includes title deeds and cadastral records.
  4. Digital signature : Many notaries in Colombia now offer the possibility of signing documents remotely.
  5. Transfer of funds : Use your Colombian bank account to transfer the funds needed to make the purchase.

Conclusion: Why Remoters is your ideal partner to invest in the Bogotá real estate market 🏡

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