The real estate boom in Colombia is definitely attracting more and more foreign real estate investors every day. The growth in the capital of Colombia, Bogotá DC, has been extraordinary. However, as in all markets, some places within the city have performed better than others. In addition, foreign investment in Bogotá Real Estate has been mainly focused on 7 high-profile Bogotá neighborhoods that are yielding the best results.
Next, we will list the 7 most attractive neighborhoods in Bogotá for real estate investors. But first let’s review how the city of Bogotá is actually divided. Bogotá has 2 types of divisions: Towns and Neighborhoods. Towns are large sectors that have many neighborhoods within them. Sort of like Burrows in New York City, but a bit smaller.
Bogotá Colombia is divided into 20 localities (Towns), each with many neighborhoods:
- Antonio nariño
- united neighborhoods
- bag
- calendar
- chapinero
- Bolivar City
- Engativa
- fontibon
- kennedy
- martyrs
- Aranda Bridge
- rafael uribe
- San Cristobal
- Santa Fe
- go up
- sumapaz
- Teusaquillo
- tunjuelito
- usaquén
- useme
Where should I invest in Bogota?
There really isn’t a best answer. However, based on current growth and demand, the neighborhoods below appear to be excellent candidates. For foreign real estate investors, coming mainly from the US and Europe, the 7 most attractive and profitable neighborhoods in Bogotá Colombia at the moment seem to be:
- Boy, (Chapinero)
- Cabrera (Chapinero)
- Rosales (Chapinero)
- Santa Barbara (Usaquen)
- Saint Lucia (Usaquen)
- Santa Ana (Usaquen)
- Chapinero Alto, (Chapinero)
It is interesting to note that these 7 neighborhoods only come from 2 locations in Bogotá; Chapinero and Usaquen. Both locations are located in the northeastern part of the city, where most of the country’s wealthy citizens live. Profitable Bogotá real estate opportunities abound in these neighborhoods and construction is prolific.
A possible explanation for why investments in these places are in higher demand
They are exclusive neighborhoods where housing is a little more expensive than in the rest of Bogotá but property values tend to increase more quickly. The rental costs are also higher and will therefore lead to better streams of passive income for those who decide to go down that route.
What about real estate in other towns and neighborhoods?
Of course, there are also many other opportunities in different neighborhoods, such as Cabrera and Candelaria (being these 2 very popular tourist spots in Bogotá), however, these places mainly attract the younger and more adventurous crowd. Home prices have risen in these areas, too, but not as fast as in more elite neighborhoods, like the 7 mentioned above.
Commercial real estate opportunities in the 7 neighborhoods mentioned above are also plentiful. Foreign and multinational companies are rapidly migrating to these northeastern neighborhoods of Bogotá.
“It used to be that downtown Bogotá was the place to find international firms and multinational companies, but that has changed,” says Fabio Rodríguez, a social media strategist at VivaReal.net’s Bogotá, Colombia office, who helps manage a large part of the real estate inventory of the firms in Bogota and states that “…more and more companies think of the North as the best place to have offices.”