1. Bogotá - Colombia
Not what you expect.

2. Colombia – At a glance Population: 47,846,000 3rd in South America
GDP: 378 billion, 2nd in South America
Language: Spanish
Capital: Bogotá
32 Provinces (states)
South America´s oldest democracy
Size – sq miles. United Kingdom, France and Germany combined.
Currency – Colombian Peso (COP)
Location – Only South American country with Atlantic and Pacific Coastlines km of Beach!
Colombia is the United States best friend in Latin America
Security – Dramatically improved since 2002
Religion – 95% Christian
Tourism – Up 5-10% per year this decade and 14% in 2014
Lifestyle – Strong sense of community and family
Biodiversity – 340 different ecosystems, 1879 species of birds, 5 climate zones, 11% of the country is national park.

3. Colombia - the comeback story.
Plagued by an outdated reputation, Colombia is trekking its way from the trenches of drug wars, violence and civil struggles to a booming metropolitan and tropical paradise. For the first time in decades, Colombia is quietly climbing onto the world stage. Looking behinds the scenes, it becomes clear how the Colombian people are achieving this incredible growth.

4. A young and hard-working population
It’s a young educated population.

5. Total number of higher education graduates 1960-2010 in Colombia
Double the amount of graduates every decade.

6. Unemployment Rate Lowest in 15 years

7. A booming middle class
Colombia's middle class grew by 50% in the last decade. World Bank Report 2014.[1]
A 2015 Bank of Inter-American Development study showed 55% of the Colombian population is currently in the middle class. Over the past 4 years 4.4 million people moved above the poverty line. [2]
Current administration recognizes the 28.5% in poverty and 8.1% in extreme poverty is too high and plans on producing 2.2 million additional jobs in the next 3 years and reducing unemployment to 8% from its current level of 8.9%. Current unemployment rate has halved in 10 years. [3]
77 Shopping center developments planned in the next 4 years, particularly in secondary and tertiary cities. [4]

8. Public debt (General government gross debt as a % of GDP)
Responsable monetary and fiscal management has given Colombia 60 years of uninterrumpted growth.
Public debt (General government gross debt as a % of GDP)
2010
2011
2012
2013
2014*
2015*
37.0%
35.7%
32.0%
35.8%
34.0%
33.1%

9. 2014
Falling oil prices are increasing the speed of the economic diversification.
Infrastructure Investment
Localized investment
Reducing income inequality
Pension Reform
Export diversification and increased support at small to medium levels
Tax Reform
Formalization of labor markets

10. Consistently well ranked in ease of doing business and investment protection studies.
Buying a property as a foreigner in Colombia gives you equal property rights of a local.

11. Increasing FDI in a wide variety of sectores outside of Oil & Gas.

12. 928+ direct international flights to Colombia every week.
available seats each week from international markets towards Colombia
22 different airlines operating internationally
24 countries with direct international flights to Colombia

13. …the secret is getting out.
Incredible growth in international arrivals each year
…the secret is getting out.
Number of visitors to Colombia grew 11.9% in That is 6% more than the global average and 4% higher than other countries in the Americas.

14. Pros - Colombia Friendly people Democratic country
Good infrastructure (constantly improving)
Diverse lifestyle options
High Culture and Luxury
Affordable cost of living
Energy exporter
Low and fair taxes
Multiple residency options
Excellent healthcare
Hedge against the US dollar
Low labor costs
Top Latin American US ally
3½ hours from Miami
International Hub of the Americas
Eastern Standard Time EST
Great real estate values
Lots of positive energy
Excellent investor rights
Strong sense of community
Cohesive culture
People work to live not live to work

15. Cons - Colombia Hot and Humid on the Coasts
People tend to over promise and under deliver
Traffic in major cities
Not much English is spoken
No national interstate and railway systems
FARC still operating in 2 provinces
Gang problems in poorer “barrios”
Locals tend not to show up on time for appointments
Slow lines at banks and public facilities

16. Bogotá Bo·go·tá

17. Vital Stats
2640 meters above sea level (8661 ft)
Dry, warm summers & mild winters. Average 19°C or 66°F
Geographical heart of Colombia and the Americas
14 million Habitants in Metropolitan Area (30% of the Colombian population)
Home of El Dorado International Airport – 1st in cargo volume and 3rd in passenger volume in Latin America. Transports 68.3% of all visitors to Colombia.
GDP Bogotá: 90 Billion USD
GDP per capita: US$12,000
54% of all financial transactions in Colombia are made in Bogota
Principal destination for 51.2% of all visitors to Colombia.

18. Bogota Highlights
Often referred to the ´Athens of South America´with 58 museums, over 150 art galleries, 33 library networks, 45 stage theatres, 75 sports and attraction parks, and over 150 national monuments
The Bogotá Philharmonic is the most important symphony orchestra in Colombia, with over 100 musicians and 140 performances a year; The Cristobal Colon Theater, the Country's oldest Opera House, opened in 1892.
  The unrivaled spectrum of fruits and vegetables,  variety of international and Colombian restaurants, the interesting choices of fresh-baked breads and pastries, soups, the world famous Colombian coffee, hot chocolate and aromáticas.
A city big enough to avoid the “Gringoland” effect. Blend in with the international and local crowds and find a community that suits you.
 The best healthcare in the Americas (as ranked by the World Health Organization –and despite some of the same challenges affecting healthcare systems globally).
A short distance from a surprising amount of year-round golf courses, private clubs, horse riding trails, fishing options, campgrounds , rock-climbing and rappelling, hiking and extreme sports activities. 
Over 5000 parks. Innovative recreational and social initiatives lead by the city.
Has been a South American economic stronghold since the Muiscan Confederation controlled the area with agriculture, gold and manufacturing. Considered to be one of the most powerful economies and societies in the American Post-Classic Stage.

19. 7 days in Bogota
Day 1 - La Candelaria, a quaint, colonial historic district, Gold and Botero Art Museums, world-famous emerald district, exquisite churches and museums, Plaza Bolivar, eccentric boutiques, cafes and restaurants. Bogota Bike Tour if you want to go into express mode. Cable car to Monserrate for sunset and ajiaco a dizzying 500 meters above Bogotá. Day 2 - Breakfast in a gourmet panaderia (Bakery) with a tinto (Coffee) or hot chocolate and cheese if you are feeling game. Lunch in La Macarena, a bohemian restaurant district with local and a broad mix of international cuisine. Walk down to the Museo National to see an excellent collection of archaelogical artefacts, or the current exhibition. Get some sunshine by a walk through Parque Nacional, or grab a relaxing afternoon tinto in ParkWay. It´s Tuesday night, head to La Villa for the free language exchange that turns into a cross-cultural party. Day 3 - More sightseeing in La Candelaria - visit the Palacio de San Carlos at Calle 10 and the Biblioteca Luis Angel Arango at Calle 11 - check listings for free classical concerts in the grand concert hall here. Nearby, the Donacion Botero Museum has an art collection that includes works by Picasso, Monet and Dali. Check out why Bogota is at the top of the street art scene with the Bogota Graffiti tour. Have lunch or dinner at Cafe Pasaje, at Cra 6, which sits on a picturesque square and is a great spot for relaxed eating and drinking Day 4 - Day trip to the surrounding areas of beautiful high-mountain terrain around Bogotá. Head to Lake Guatavita and learn of the pre-Columbian sacred folklore. Spend the afternoon touring the Salt Cathedral of Zipaquira, an 8000m² underground church inside a Salt mine. Day 5 - Start of the day with a short hike called Quebrada de la Vieja. A 45 minute walk through jungle and creeks that rewards you with a viewpoint overlooking the humming cityscape below. Meander down the creek until you get to Zona G, the world-class Gastronomic Zone of Bogotá. Filled with restaurants, wine bars and international pastry shops, your palate will be pleased! It´s Friday, head over to Zona T for some afternoon shopping and later spend the evening at the eccentric Andres de Res DC restaurant that defines the Colombian passion for food and dancing. There are few cities that rival Bogotá for its feverish love of nightlife and a good old fashioned rumba! Day 6 - Spend the morning walking around Parque de la 93. Grab a traditional caldo if your head is sore from the night before. Later on, an ice cream in Parque Virrey. Head over to the Botanical Gardens or check listings to see which of the hundreds fairs or festivals is currently happening. Enjoy dinner in Gaira, a lively restaurant/bar owned by Colombian Latin Pop/rock star Juanes. Bogotá has famous nightlife, try some aguardiente and dance! Day 7 - Enjoy the Sunday morning markets of Usaquen, browsing artesanels and crafts from traditional groups all over Colombia, followed by an delicious lunch overlooking the cobblestone streets. Rent a bicycle and enjoy the Ciclovia for a pedal tour of the city with no automotive traffic.
After 6 years in Bogotá, I haven´t had one uninteresting day.

20. Security
Since 2002, the Presidency of Alvaro Uribe, a surging economy and a plummeting unemployment rate has caused crime to drop significantly. Homicide rates in Bogota are around the average for the Americas.
The 40 year ´War on Drugs´ has squeezed violence to various areas of Latin America. By the late 90s, Colombia had 90% of production. Crop eradication and policy efforts have now pushed the majority of production to Peru and Bolivia. Today, the FARC are on the retreat and the big cartels have long gone, but the lucrative trade has been taken over by a network of underground mini-cartels and demobilized paramilitaries. Operating away from large populations under the radar.
Violence like this skew crime statistics for the general population and paint a different picture for foreign eyes. Everyday life for foreigners in Bogota is safer than many different US cities.
The security landscape of the city is very different from 15 years ago when a handful of neighborhoods were perceived as ´safe´. Now, the vast majority exist without violent crime. As with any big city, care should be taken at certain times of the night in certain areas.
Bogota has traditionally had Colombia´s lowest homicide rates as it is not a strategic location for drug traffickers and has long boasted some of Colombia´s lowest poverty levels.

21. Transmilenio system replicated by 57 cities
Transport
30% of the public budget will be dedicated, in the coming four years, to diversifying the city’s sustainable modes of transport
Ciclovia – 127km of roads closed to automotive traffic on Sundays and Holidays, to give way to 1 million people enjoying sport and recreational activities.
500,000 and growing number of daily commuters on bicycle using 376km of dedicated corridors.
Talking about the viability of any mega-city, transport is an essential part of the conversation.
30% of the public budget will be dedicated, in the coming four years, to diversifying the city’s sustainable modes of transport, through the renewal and reorganization of bus routes and stops; the development of Transmilenio; the construction of new pathways for exclusive use by bicycles (Dedicated Bicycle Pathways, or "Ciclorutas"); the transition to hybrid and electric technologies and to implementing studies for the first line of the Metro. 
Transmilenio: This year will also see the opening of a public bid for the construction of a new trunk way in a main avenue (Boyaca), thus improving connectivity westward.
Metro: Construction of this system is expectated to begin in 2015, with the first line planned to come into operation in 2019, when it will transport about 1,500,000 people per day.
Metro-cable: Two Metro-cable lines, spanning 2.8 kilometers will transport 20,000 people per hour, thus improving transit time in two southern sectors of the city. Their construction is expected to begin in 2014.
Transmilenio system replicated by 57 cities
Worldwide million users daily. 87km dedicated road, 663km of feeder routes. Coming Soon: 2 Metro-Cables and Underground Metro System.
Pilot test of electric taxis currently underway to update current fleet of taxis in the city. 80% reduction in green house gasses and 50% less maintenance.

22. It´s the emerging epicenter of Business in Latin America
Why Bogota?
Economic Strength – Average GDP growth 4.7% over the last 10 years. It is home to 54% of the medium to large businesses in Colombia.
Human Resources – 100,000 High Education graduates per year, 30,000 of which are post-graduate. Bogota awards 44% of the Ph.D´s and 33% of technical degrees in Colombia. Bogota is home to 6 of the top 100 universities in Latin America. A young and skilled, 4.5 million strong workforce.
Ease of Doing Business Ranked 3rd best Latin American city for investment by Financial Times. Conducive business environment. Invest in Bogota organization ranked as best investment promotion agency in the world.
Strategic Location - 5 hour flights from New York, Mexico City and Sao Paulo, with 30 direct international connections. Amsterdam and London are the most recent direct flight additions.
Competitive Costs – Competitive human resource costs that are below that of Buenos Aires, Lima and Santiago.
Corporate Services and Spaces - Bogota provides a world-class standard of legal, accounting, taxation and financial services. It also has 50 industrial parks with excellent spaces for warehouse and manufacturing.
It´s the emerging epicenter of Business in Latin America

23. Upcoming Events in Bogotá
Festival de Verano - Bogota Summer Festival
Bogota Wine & Food Festival
ExpoMarketing Marketing Conference
5th Oil and Gas Conference & Exhibition
XII Feria Internacional Expoconstrucción y Expodiseño en Bogotá
6th International Photography Festival
World Travel Awards in Bogotá
ARTBO - International Art Fair
BogoShorts- Local and International Short Film Fair
Pan-American Congress of Ophthalmology 2015
United Cities and Local Governments (UCLG) World Congress
Annual Meeting of Latin American Dermatologists
DrupalCon Latinoamérica
8th World Congress for Diabetes Prevention
Spanish World Debate Championships
4Life Convention
Alimentarte Food Festival
Cirque de Soleil – Corteo
International Theatre Festival of Bogota
EuroCine Festival
Dancing in the City Festival
International Book Fair
Festival Rock Al Parque
Festival Salsa Al Parque
Festival Jazz Al Parque
Festival Opera Al Parque
Festival Hip Hop Al Parque
Festival Colombia Al Parque
Bogota Es Mozart Festival
International Music Festival
Vitrina Turistica Tourism Fair
18th Blues and Jazz Festival
Estereo Picnic Music Festival

24. The institutions are catching on.

25. Bogotá is the financial heart of Colombia GDP Bogotá: $221 Billion USD

27. Bogotá Tourism
In 2013, Bogotá surpassed 1 million international tourists for the first time. (19% annual increase)
Tourism/Recreation: 60%
Bogotá receives 52% of Colombia’s international tourists.
High average accomodation Tariffs in the country ($ COP/ $105 USD Daily)
Currently receives 7 million domestic tourists
Business and Work: 50%
Visiting Family: 24%

28. Who We Are
Colombia International Real Estate was founded and created in Bogotá to raise real estate investment services and information to an international standard.
Bi-Lingual, international team
Real estate entrepreneurs who think outside the box and are not afraid of a challenge
Local rates, world-class service
Proven Track Record
Samuel Miller
Founder, Managing Partner
Sebastian Romero
Founder, Managing Partner

29. Investment Opportunities
Furnished Rental Income: 8-12% Annual ROI + Appreciation (standard local ROI expectation is 4-5% unfurnished)
Residential Development: 30-50% ROI
Refurbishment of neglected properties
Affordable student housing in Chapinero

30. Why Us?
We understand foreign cultures and what level of service and communication your expect.
By building an honest and trustworthy team, we work to raise the standard of professionals in the industry.
Flexible enough to tailor client service solutions.
Our understanding and connections to the local players, allows us to achieve what we set out to do with minimal headaches and navigate bureaucratic obstacles.
One stop shop.

31. Buying Process/Costs 3% Broker commission is paid by seller.
Buyer Fees
Property Registration: 1.5%
Notary Fees: 0.03%
Legal Fees: %
Total: Approximately 2%

32. Find property and agree to terms with seller
Buyer opens securities account with Alianza Valores or similar firm (can be done prior to showings)
Certificados de Libertad provided
Promesa (Sales Contract) prepared
Buyer brings funds into Colombia
Promesa executed at a Notaría with 10% down
Closing takes place days later – balance paid
Buyer receives title 1-2 weeks after closing.

33. The Strata System
Barrios are rated by Stratas numbered 1-6. Higher stratas subsidize lower stratas through taxes, utilities and HOA fees. Important to keep in mind when calculating cost of living/investment expenses.

34. Most Popular Neighborhoods for the International crowd
Strata 5-6 Favorites
Zona G
Parque Virrey
Chico (Parque 93)
Chapinero Alto
Unicentro
Zona T
Rosales
Cabrera
Usaquen
Santa Barbara
Strata 3-4 Favorites
Chapinero Bajo
Centro
La Macarena
Centro Internacional
Parkway
Teusaquillo
La Soledad
La Candelaria
(Strata 1 Patrimony)
Cedritos

35. Market Perceptions
Very specific areas of the city are viewed as best places to live in Bogotá by foreigners and locals. Clear trends are evident.
Locals perceptions are that a handful of suburbs are ´exclusive´and ´safe´. The reality is the vast majority accomodate great quality of life.
When prices in the most exclusive suburbs reach a certain point, buyers look to neighbouring neighborhoods.
Many sellers in the market can be stubborn and patient, justifying over-priced properties with phrases like “prices have gone up a lot in this area” or “my neighbour sold for $xxx per meter last month”.

36. Bogotá has 20 localities, or districts, forming an extensive network of neighborhoods. Areas of higher economic status tend to be located to the north and northeast, close to the foothills of the Eastern Cordillera. Poorer neighborhoods are located to the south and southeast. The middle classes usually inhabit the central, western and northwestern sections of the city.

37. Bogotá Real Estate Prices 2014
Blue Area was just one or two blocks 15 years ago.

38. Bogotá Real Estate Prices 2015

39. 15 years ago, just 2 zones were dark blue, around Parque 93.
Caracas Avenue and Autopista define very clear directions of progress.
North of the blue cluster is appreciating well, but slower due to distance from Chapinero, Parque 93, Centro, and the Financial Center.
Southern end of the blue cluster is appreciating faster and is centrally located between exclusive north and Centro undergoing redevelopment.
Increasingly wealthy middle-class to the west and 2 million Colombian migrants to the city will support housing demand in these central areas for the next 2 decades.
By 2022, residences are on track to be built residences too few as 1 million new residents will arrive (the population of Cartagena) . Additionally at current density of construction, Bogotá needs 4624 Hectares to build. In 2015, less than 2000 Hectares are available (*)

40. High Growth Areas Short Term (0-4 Years) Quinta Camacho Zona G
Chapinero Alto
Park Way
La Macarena
Bosque Izquierda
Teusaquillo
Usaquén
Centro
La Castellana
Medium Term (5-10 Years)
Chapinero Bajo
La Soledad
Galerias
Santa Fe (Centro Bajo)
Polo
San Felipe
Mártires
Puente Aranda

41. Strata 3 Property Example
Size: 25.18m²
Bedrooms: 1
Bathrooms: 1
Price: $ USD
Price m²: $1967 USD
Location: Calle 57 y Carrera 15, Chapinero Bajo
Net ROI w/out appreciation: 12.77%

42. Furnished Rental Income Calculator Strata 3 Example
Purchasing Costs
Purchase Price
$135,000,000.00
Square Meters of Property
25.18
Sales Tax
$2,025,000.00
Notary Costs
$234,900.00
Miscellaneous (Documents)
$600,000.00
Total Purchase Costs
$137,859,900.00
Price per Square Meter
$5,361,397.93
Initial Furnishing costs
Furniture**
$15,000,000.00
Renovation Costs
$0.00
Administration payments (while vacant)
Total Furnishing Costs
Rental Costs
Monthly Administration
$160,000.00
Monthly Utilities Total
Monthly Property Tax (Impuesto Predial %)
$33,750.00
One time rental commission
0.00
Rental Commission Percentage
Total Annual Costs
$2,325,000.00
Total Monthly Costs
$193,750.00
Profitability Potential
Annual Capital Growth Appreciation Rate** 7%
Monthly Rental Price
$2,600,000.00
Occupancy Percentage
70.00%
Average Gross Monthly Rental Income ***
$1,820,000.00
Total Monthly Costs
$193,750.00
Total Investment
$152,859,900.00
Annual Gross Rental Income
$21,840,000.00
Monthly Net ROI (%)
1.06%
Annual Net ROI (%)
12.77%
Annual Net ROI ($)
$19,515,000.00
Annual Net ROI with Appreciation (%)
19.77%

43. Strata 4 Property Example
Size: 73m²
Bedrooms: 2
Bathrooms: 2
Price: $ USD
Price m²: $2040
Location: Calle 64 y Carrera 7, Zona G / Chapinero Alto

44. Furnished Rental Income Calculator Strata 4 Example
Purchasing Costs
Purchase Price
$360,000,000.00
Square Meters of Property
73.00
Sales Tax
$5,400,000.00
Notary Costs
$626,400.00
Miscellaneous (Documents)
$250,000.00
Total Purchase Costs
$366,276,400.00
Price per Square Meter
$4,931,506.85
Initial Furnishing costs
Furniture**
$16,000,000.00
Renovation Costs
$0.00
Administration payments (while vacant)
Total Furnishing Costs
Rental Costs
Monthly Administration
$450,000.00
Monthly Utilities Total
$350,000.00
Monthly Property Tax (Impuesto Predial %)
$90,000.00
Rental Commission Percentage
0.00%
Total Annual Costs
$10,680,000.00
Total Monthly Costs
$890,000.00
Profitability Potential
Annual Capital Growth Appreciation Rate 8%
Monthly Rental Price
$3,850,000.00
Occupancy Percentage
75.00%
Average Gross Monthly Rental Income
$2,887,500.00
Total Monthly Costs
$890,000.00
Total Investment
$382,276,400.00
Annual Gross Rental Income
$34,650,000.00
Monthly Net ROI (%)
0.52%
Annual Net ROI (%)
6.27%
Annual Net ROI ($)
$23,970,000.00
Annual Net ROI with Appreciation (%)
14.27%

45. Strata 5 Example Size: 84m² Bedrooms: 2 Bathrooms: 2 Price: $ USD Price m²: $2321 USD Location: Calle 118 & Carrera 16, Usaquen

46. Furnished Rental Income Calculator Strata 5 Example
Purchasing Costs
Purchase Price
$500,000,000.00
Square Meters of Property
84.00
Sales Tax
$7,500,000.00
Notary Costs
$870,000.00
Miscellaneous (Documents)
$250,000.00
Total Purchase Costs
$508,620,000.00
Price per Square Meter
$5,952,380.95
Initial Furnishing costs
Furniture**
$18,000,000.00
Renovation Costs
$0.00
Administration payments (while vacant)
Total Furnishing Costs
Rental Costs
Monthly Administration
$380,000.00
Monthly Utilities Total
$350,000.00
Monthly Property Tax (Impuesto Predial %)
$125,000.00
Rental Commission Percentage
0.00%
Total Annual Costs
$10,260,000.00
Total Monthly Costs
$855,000.00
Profitability Potential
Annual Capital Growth Appreciation Rate** 6%
Monthly Rental Price
$5,000,000.00
Occupancy Percentage
75.00%
Average Gross Monthly Rental Income ***
$3,750,000.00
Total Monthly Costs
$855,000.00
Total Investment
$526,620,000.00
Annual Gross Rental Income
$45,000,000.00
Monthly Net ROI (%)
0.55%
Annual Net ROI (%)
6.60%
Annual Net ROI ($)
$34,740,000.00
Annual Net ROI with Appreciation (%)
12.60%

47. Location: Calle 90 y 9, Cabrera
Strata 6 Example
Size: 139m²
Bedrooms: 2
Bathrooms: 3
Price: $ USD
Price m²: $2665
Location: Calle 90 y 9, Cabrera

48. Strata 6 Example Property Furnished Rental Income Calculator
Purchasing Costs
Purchase Price
$920,000,000.00
Square Meters of Property
139.00
Sales Tax
$13,800,000.00
Notary Costs
$1,600,800.00
Miscellaneous (Documents)
$250,000.00
Total Purchase Costs
$935,650,800.00
Price per Square Meter
$6,618,705.04
Initial Furnishing costs
Furniture**
$20,000,000.00
Renovation Costs
$0.00
Administration payments (while vacant)
Total Furnishing Costs
Rental Costs
Monthly Administration
$750,000.00
Monthly Utilities Total
$500,000.00
Monthly Property Tax (Impuesto Predial %)
$230,000.00
Rental Commission Percentage
0.00%
Total Annual Costs
$17,760,000.00
Total Monthly Costs
$1,480,000.00
Profitability Potential
Annual Capital Growth Appreciation Rate** 6%
Monthly Rental Price
$8,500,000.00
Occupancy Percentage
75.00%
Average Gross Monthly Rental Income ***
$6,375,000.00
Total Monthly Costs
$1,480,000.00
Total Investment
$955,650,800.00
Annual Gross Rental Income
$76,500,000.00
Monthly Net ROI (%)
0.51%
Annual Net ROI (%)
6.15%
Annual Net ROI ($)
$58,740,000.00
Annual Net ROI with Appreciation (%)
12.15%

49. Cost of Living USD ($) - Purchase
Strata 3-4
Strata 5-6
Rent $0
HOA/Administration Fee
$145
$220
Property Taxes
$40
$105
Transportation
$85
$100
Gas
$10
$20
Electricity
$50
$80
Telephone
$15
Internet
$25
$30
Cable TV
Household Help
$60
$70
Food
$400
Entertainment
$300
Health Insurance
Miscellaneous
Total Monthly
$1315
$1535
Strata 3-4

50. Cost of Living USD ($) – Unfurnished Rental 2 BR
Strata 3-4
Strata 5-6
Rent
$600
$900
HOA/Administration Fee $0
Property Taxes
Transportation
$85
$100
Gas
$10
$20
Electricity
$50
$80
Telephone
$15
Internet
$25
$30
Cable TV
Household Help
$60
$70
Food
$400
Entertainment
$300
Health Insurance
Miscellaneous
Total Monthly
$1315
$1535

51. Commercial Investment Opportunity

52. 15 Unit Boutique Aparta-Hotel with sauna in premium neighborhood of Bogota (610 sq mtrs)
Building Purchase price 1,500,000,000 pesos ($ USD) if closed in 3 months
Total Investment: 2,892,500,000 COP ($1,112,500 USD)
Rental Income: 9% Preferred (annual) 
 Equity Upsides: 16-17% (one time upon sale)
 Favorable exchange rates and appreciation

53. We are seeking one investor to lock down this investment for the purchase of the building (1500,000,000 pesos or $ USD). Soon, it may be also opened up for crowdfunding investment ($50K USD minimum). If you are interested in equity shares, we need to know your interest by sending us an . We will send you with more details financial information: Capital Contributions summary, floor plans, rental income summary, and returns summary.  If you have been looking for an opportunity to get involved with the Bogotá real estate market, your chance is here. This is a passive, equity + cash flow investment. 

54. We are proud to present our Urban Heights project located on Carrera 4 y Calle 58 in Chapinero Alto, in partnership with First American Realty Medellin (FARM). Combined with our local experience, partners and the impressive portfolio of FARM´s similar projects in Medellin (9 successful, completed projects funded by over 100 investors since 2011), we have identified a very interesting opportunity to create value in the form of equity and cash flow. After extensive due diligence, we have decided on the building below which is 610m² (6563 sq ft), on a 242m² (2604 sq ft) lot, consisting of a large apartment on 3 floors and a garage level on the ground floor. Buying 610m² constructed doesn´t make sense for a 242m² footprint for a developer. The building regulations don´t come close to making demolishing and building new construction profitable. This is the main reason we were able to secure the property at $2.45 million per m² when the average of older construction in the Chapinero Alto area is 5.7 to 5.9 Million per m² as you can see here. Structurally the building is sound and the views are incredible.  This is an opportunity to create value in the market that provides the highest returns and one we know best; short term furnished rentals. How can we do this? We have assembled a team of partners with strengths in each stage from the design/construction to the property marketing & management who do what they do best, create value and generate unprecedented occupancy rates. The conversion will involve turning 3 spacious but dull apartments into 15 modern value-luxury apartastudios. At a starting average tarifa of $ pesos a night, we will be providing a level of professional comfort and accommodation not seen before in the area. 

56. "The Fords, the GMs, Mitsubishis see Colombia as a growth market
"The Fords, the GMs, Mitsubishis see Colombia as a growth market. People have money to spend," says Eric Farnsworth, vice president of the Council of the Americas
¨While Brazil and Argentina -- South America's other major players -- sputter, Colombia is surging ahead.¨ CNN Money
"It's just a different country," says Farnsworth. "For those people who still have the Miami Vice impression of Colombia, they would be shocked to see where Colombia is today.“

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