Category: Travel

Best Destination In South America Is Beautiful Medellín

Beautiful Medellin. Photo credit: Unsplash.

Updated April 29, 2026. My family has been living in Colombia, South America for ten years in December. In October 2016 we visited Medellín, Colombia. I have to say, without a doubt, that Medellín is one of the most gorgeous places I have ever visited.  I would go so far as to say that one of the best destinations in South America is beautiful Medellín. In fact, I would actually put Medellín on the short list of places to live and visit in the future.

I know that many of my friends are from the USA. So, when you hear the word Medellín you might immediately think of a dangerous city, cocaine and the Pablo Escobar drug wars of the 1980’s and 90’s and probably you think to yourself, “Why on Earth would anyone be crazy enough to go there?” So let me tell you a secret that many people don’t know.

Experience ‘The City of Eternal Spring’

I honestly believe that one of your best destinations in South America is beautiful Medellín. Below are several great reasons why you should experience ‘The City of Eternal Spring’ at least once in your lifetime.

Top Five City In The World To Visit

In 2022, Medellín has been named by Time Out as one of the top five cities in the world to visit.

Business Owners Working Together

The business owners of Medellín have been very resilient and worked together to move the city forward and create a conducive environment for entrepreneurship and it shows. The government has leant a very heavy hand to see that entrepreneurs, startups, and existing businesses alike are well funded and well facilitated.

Experience The Best Year Round Weather

The nickname of ‘The City of Eternal Spring’ is unexpectedly accurate. The average year-round temperatures of around 22°C (72°F) and daily highs of approximately 30°C (86°F), meaning that the climate is about as good as it gets. Needless to say, it does rain a fair amount because Medellín is in a tropical country, but it rarely gets cold. If you like the spring, you will probably think you’ve gone to heaven.

Beautiful Views & Stunning Landscapes

Medellín is surrounded by natural beauty. The city is located in a bowl in the Andes mountains, meaning that wherever you go in the city you are basically guaranteed a view of mountains and stunning landscapes. In addition, the city itself is home to some lovely parks and gardens and miles of hiking trails. Medellin is an innovative urban space combining home with beautiful nature at the same time. I truly believe that the best destination in South America is beautiful Medellín!

Incredibly Welcoming People

The people are incredibly welcoming and the pleasant atmosphere is contagious. In Medellín, people smile on the street and you get the sense that people are genuinely very happy to see you there and even strike up a random conversations (whether your speak Spanish or not).

The Coffee Is Delicious

Great coffee. If you love coffee you have come to the right place. I was never a coffee drinker, but after moving to Colombia I have fallen in love with the 100% Colombian Vanilla Cappuccino. What’s more, Colombia is the third largest producer of coffee in the world. It seems that the Colombian coffee region is blessed with an optimal altitude and climate, a hand-picked harvesting process perfected over generations, and some of the finest Arabica beans in the world.

Excellent Food & Restaurants

Wonderful food and exotic fruits. As many of you know, I love food and the food here is delicious. You can enjoy grilled meats, fish, seafood, and amazing vegetables. Colombian food is a mix of the regions within Colombia. Consequently, the Colombian cruisine has its roots in the country’s indigenous people, as well as in the Spanish and African cultures that were brought over by colonialism. Over time, these influences have blended together to create a unique and flavorful cuisine that is loved by locals and visitors alike. What’s more, the two best Medellín neighborhoods of El Poblado and Laureles are full of excellent restaurants.

Medellín at Night. Photo credit: Unsplash.

Innovative Transportation

The transportation in Medellín is innovative and has an extensive public transport network which includes the Medellín Metro and the Metrocable cable car system. It probably helps that Bogota (the capital of Colombia and a real rival of Medellín) doesn’t have a metro system yet. For this reason, it just seems that Medellín is very well organized in the big things as well as the small things.

Awesome Exchange Rate For The US Dollar

USA dollars go a long way due to the conversion rate. Traveling and living in Colombia is inexpensive. Forget about the high cost of healthcare, housing, and food that everyone takes for granted in the USA. For instance, a visit to the doctor here would cost you $50,000 COP (Colombian Peso) or around $10 USD.

The Lifestyle For The Price Is Hard To Beat

Medellín is great value for money. In addition, it also helps that many of the most popular tourist attractions, such as Parque Botero, the Botanical Gardens and the Metrocable, are either free or very cheap. To give you an idea, a 3-week trip to Medellín would cost you somewhere in the ballpark between $1,000 to $3,000 USD depending on your taste and amenities. This includes transportation between destinations, entry fees, accommodations, and meals. You asked about the lifestyle of Medellín? Unquestionably, in Medellín you enjoy a good quality of life at a great cost of living.

I genuinely believe that the best destination in South America is beautiful Medellín!

Check Out The Two Great Blogs Below:

Become A High Net Worth Individual

I would like to share with you one of the people that I have been following now for a few years. His name is Andrew Hendersen and he is the founder of Nomad Capitalist. After many years of experience as a global businessman, Andrew offers his expert advice to successful entrepreneurs and investors on ways to reduce their tax bill, grow wealth overseas, and become global citizens. Hence, he believes that the world has changed forever and says it’s time for you to “go where you’re treated best.” Please check out the YouTube video How To Become an Ultra High-Net Worth Individual.

Best Real Estate Strategies To Make 7 Figures

As many of you know, my passion is real estate investment. 90% of all millionaires did it through owning real estate. The goal and dream for many real estate investors is to earn $1 million dollars a year. Your goal: find the best real estate strategies to make 7 figures. The question is: is this possible?

I can tell you without a doubt, that it is possible, and I have seen people do it. For example, Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate. As a result, I can saw that real estate is one of the best ways to seek  wealth through investing and achieve financial freedom. Please read about the details in my blog: Best Real Estate Strategies To Make 7 Figures. Most importantly, always remember that you are just one deal away!

Verses For Wisdom & Guidance

Psalm 128:2 NLT. 2 You will enjoy the fruit of your labor.
    How joyful and prosperous you will be!

Matthew 7:8 NLT. For everyone who asks, receives. Everyone who seeks, finds. And everyone who knocks, the door will be opened.

Have a great day!

Last Updated on April 29, 2026 by Financial Goodness

Financial Goodness

George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.

George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.

Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.

Yale Fund Pioneer Reshaped Investing

Yale Endowment Fund. Photo credit: Wall Street Physician.

Updated April 29, 2026. David Swensen, the Yale fund pioneer who reshaped investing, has forever changed the way we view investing. Moreover, Swensen completed a 35-year tenure as Yale University’s endowment chair.

Grew the Yale Fund from $1.3 billion to More Than $31 billion

But, more importantly, David Swensen grew Yale’s endowment fund from $1.3 billion in 1985 to more than $31 billion today. As a result, this means the fund generated returns of 13.1% through June 2020. These are outstanding returns. So, let’s take a look at how he did it.

Swensen never commanded the fame of Warren Buffett, Peter Lynch, or Jack Bogle. However, among industry insiders he is widely considered to be in their ranks.

Willing to Play the Long Game to Win

One aspect of Swensen is the fact that he was willing to play the long game. For example, he invested in assets that had much longer time frames to reach maturity, but that had spectacular return profiles. The key is that his approach to investing worked brilliantly!

Swensen Had An Unlikely Beginning

Like many great careers, David Swensen had an unlikely beginning. On the contrary, many people say that he was self-confident, yet selfless. Consequently, when Swensen was first approached by Yale University in 1985, he assumed a teaching career.

At that time, Swensen was 31 years old, and he had the economic theory with a Yale Ph.D in economics. Nevertheless, he was very unfamiliar with investing.

Unshackled From Conventional Wisdom

Even so, being a novice investor proved to be a blessing. Unlike past endowment chairs, Swensen was unshackled from conventional wisdom. Therefore, at the core of what became the “Yale Model” are the principles that Swensen learned from his mentor, Nobel Laureate James Tobin.

In 2009, Swensen wrote the book Pioneering Portfolio Management. In this book, Swensen describes the Yale Model in -depth, also sometimes known as the Endowment Model. I highly recommend reading his book.

The Yale Model

Particularly of interest was his recognition of liquidity. For that reason, Swensen realized that liquidity comes at a heavy price for lower returns.

Therefore, the Yale fund pioneer who reshaped investing is thus characterized by relatively heavy exposure to asset classes such as private equity when compared to more traditional portfolios. The Yale Model is also more heavily reliant on investment managers who specialize in these specific asset classes.

Don’t Try to Time the Market

David Swensen also realized that market timing was not the answer. He realized that market timing represents a losing strategy.

Swensen recognized that there is no evidence of any large institutions having a consistent ability to get in when the market is low and get out when the market is high. He comprehended that attempts to switch between stocks and bonds, or between stocks and cash, in anticipation of market moves have been relatively unsuccessful.

Swensen’s Allocation Thinking Was Nonexistent

Large institutional funds were almost entirely composed of U.S. equities, some foreign equities, cash, and fixed income. Suffice to say that in the 1980’s, Swensen’s type of thinking was by and large almost nonexistent.

The Yale Model is different from other types of investing because it allocates only a small amount to traditional U.S. equities and bonds. To replace these small allocations, this type of investing relies more on alternative investments.

Accordingly, Swensen built a portfolio allocation model that was more heavily weighted in alternative assets.

Yale Fund Asset Strategy & Allocation

  • hedge funds
  • venture capital (VC) funds
  • real estate
  • natural resources
  • private equity
Yale Model Endowment Asset Allocation. Photo credit: Financial Times.

Three Strategy Approach

  • Construct a portfolio with money allocated to six core asset classes.
  • The investor should rebalance the portfolio on a regular basis.
  • Invest in low-cost index funds and exchange-traded funds.

Swensen Model Portfolio

David Swensen described his model portfolio in a 2015 interview with NPR. It consists of the following asset allocation:

How To Replicate Swensen Portfolio Using Vanguard

How To Replicate the Swensen Portfolio using Vanguard. The expenses after the fund name are the expenses. Photo credit: Wallstreetphysician.com/invest-like-yalie-model-portfolio-david-swensen-investment-manager-yale-endowment/

How To Replicate Swensen Portfolio Using Fidelity

How to replicate the Swensen Portfolio using Fidelity. The expenses after the fund name are the expenses. Photo credit: Wallstreetphysician.com/invest-like-yalie-model-portfolio-david-swensen-investment-manager-yale-endowment/

Finding The Best Allocations

If you decide to use the Swensen model portfolio for your investments, I wish you success. In Addition, always remember to invest the funds in a tax-efficient manner.

Put the tax-inefficient REITs, bonds, and emerging markets funds in tax-referred or retirement accounts. Then put your Total U.S. Stock Market and International Stock Market funds in taxable accounts.

Needless to say, David Swensen, the Yale fund pioneer who reshaped investing, has forever changed the way we view investing.

Other Real Estate Strategies To Create Wealth

I would also recommend the strategy of searching directly for houses to invest in. The Three Real Estate Strategies That Work Every Time are: residential rentals; wholesaling; and rehab and resell. These are the most popular real estate strategies that produce consistent results regardless of the timing.

Portfolio of Rental Properties for Passive Income

More importantly, learn the best ways to to improve your rental property cash flows, by reading my blog on the three ways to Boost Your Rental Property Cash Flows. I recommend this strategy because of the excellent real estate tax breaks available on your taxes annually. This strategy will help you build wealth.

Please let me know your thoughts on using his portfolio. Best wishes!

Last Updated on April 29, 2026 by Financial Goodness

Financial Goodness

George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.

George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.

Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.

Everyone Can Buy And Own Property In Colombia

Buy Colombia Property. Photo of Medellin. Photo credit: Unsplash.
Thank you to Daniel Vargas.

Updated April 29, 2026. Everyone can buy and own property in Colombia, South America. If you are looking to invest in property in Latin America, especially if you are from another country, Colombia, South America, should be high on your list of destination choices. The Colombian people are friendly and they welcome foreigner people to Colombia. The climate is also very welcoming, with a variety of landscapes that will meet the needs of many buyers. As well, Colombia has one of the strongest performing economies. In addition, the price points for the real estate properties are particularly affordable in this Latin American region.

Consider Buying A Property Overseas

There are benefits that you might want to consider for buying real estate overseas. Andrew Henderson, from the YouTube blog Nomad Capitalist, emphasizes that people from the United States, Canada or Australia might want to sell their property in these countries and invest in overseas properties. Check out Andrew’s YouTube video called the Benefits of International Real Estate Ownership.

Andrew points out that the problem with investing in the U.S., Canada and Australia are that the property returns are low and the taxes are high. For example, in Australia the returns on rental properties are like 1 to 2% only! If you consider buying a property in another country many times the returns are much higher and you can have a friend run the property management for your off shore properties. But, not in Colombia, South America. The attractive reality is that everyone can buy and own property in Colombia!

Colombia Has Very Nice Rental Returns

Let’s take a look at the Colombian property rental revenues. If you buy a residential apartment to rent in Colombia, I would say you are looking at a minimum of a 12% average return. Then add in the increasing value of the real estate of 10% on average for the last three years. Not too bad, right! I first came to Colombia in 2005. I have watched every year as the economy and housing prices haven’t gone down, they just continue to increase. For this reason, the housing market in Colombia, South America is one of the best kept secrets in the world!

Looking For Global Asset Protection?

Another reason that people look at global real estate is the idea of asset protection. This is kind of like a form of government insurance. You can protect yourself not only on an asset basis, but you can protect yourself from some of the madness that’s going on around the world today because everyone can buy and own property in Colombia. To me, that is a win.

In addition, if you are a U.S. citizen or some other countries citizen that has foreign tax rules, this is one of the few ways that you can legally have a non reportable asset. For example, if you are a U.S. citizen and want to buy a house or some land overseas in another country you can do it. You can wire the money overseas and pay in cash.

There is not an IRS form on which you need to report. There is an FBAR, or an FATCA to report a lot of assets. But not for foreign real estate or in the precious metal of gold. This is fantastic, because in the U.S. you have to pay taxes on the income from any property. But if you want to park money in foreign real estate and enjoy the appreciation you can do it with relative safety and it is non-reportable.

Be Well Diversified In Your Investments

The last reason why you might want to consider buying foreign real estate is because doing so is part of being well diversified in your investments. Perhaps you have always dreamed of having a second home or vacation home in another country that you could go to spend part of your time. In Colombia, it is possible that you could get a residence permit by owning property here.

It is also possible that if you spend some time here in Colombia it can lead to a residency permit. Depending on the size of your Colombian investment, you can apply for a one-year or five-year visa. There is also the possibility that you can become a citizen as well. This citizenship gives you other opportunities as well. To give you an example, your Colombian real estate is also a safe and secluded place to go if you are worried about chaos in the world.

The Legal Process Of Buying Property In Colombia

If you are a foreigner, you can in fact buy property in Colombia. The Colombian government recognizes the importance of foreign investment. The good news is that the procedure is the exact same process for foreign individuals as it is for locals! The only requirements are you need to have a valid passport and sufficient funds for the purchase of the real estate.

No National Licensing Systems

The real estate market operates very differently than your home country if you are from North America or many Eurpean countries. Here in Colombia, there is no national licensing system in place. This is a turn around if you are from a country like the United States or Canada where the agents are always trying to ask for and demand the exclusive rights on your property.

As a result, not having a national licensing system in Colombia has led to a proliferation of real estate agencies called inmobilarias. Many investors will be surprised to find out that it is very uncommon for sellers to have exclusive agreements with what are called inmobiliarias. This is good news if you are used to paying much higher fees for buying or selling properties. If you have been paying high fees to brokers, you are going to really like the commission rates in Colombia.

Nice Commission Rates

The standard commission for real estate agents in Colombia is just 3%. The great news: quite often the 3% fee is split 1.5% and 1.5% between the buyers and sellers agents. In short, here in Colombia, the low commissions are very nice for buyers and sellers!

Highly Negotiable Property Prices

Overall, is important to point out that here in Colombia, in Bogota and Medellin for instance, it is not uncommon for a property to be for sale for many months before a buyer is found. So, the huge advantage is: most property prices are highly negotiable.

Hide The Fact That You Are A Foreigner

Have a real estate professional do the research on the properties that interest you, how long they have been on the market, and how motivated the sellers might be. I recommend always using a local agent to negotiate the price. Hide the fact that you are a foreigner because this may cause some type of discrimination. Here is the secret: only reveal that you are actually a foreigner after the Promesa de Compraventa has been signed.

Three Necessary Tips

Everyone can buy and own property in Colombia. Here are three more tips that you need to do.

Firstly, is to open a Colombian bank account. Again I highly recommend working with real estate team because this step can be a daunting one. So get the right help from the beginning. Your real estate team will be able to help you determine certain details such as whether to buy in your name or in your company’s name.

Secondly, make sure to leave a paper trail. Buying real estate is easy to mess up, but a smooth operation when done by professionals.

Finally, hire an attorney. Having a good attorney will help with the stresses of an international real estate venture.

Legal Process To Buy Colombian Real Estate

I have found an excellent article called How To Buy Property In Colombia: The Legal Process, written by the legal team Colombia at bizlatinhub.com. Below the the steps needed so that everyone can buy and own property in Colombia.

First, find the property that you are interested in investing in. Then acquire a Certificate of Tradition and Liberty or ‘Certificado de Tradición y Libertad’. The Certificate of Tradition and Liberty contains all the information about the property and the properties history.

The properties history includes ownership records, mortgage history, legal claims on the property as well as any works carried out on the property. This property work includes when significant work to the property has taken place.

You can request the Certificate of Tradition and Liberty at the Registry Office. Requesting the Certificate of Tradition and Liberty will cost $15,700 pesos. Or if you convert Colombian pesos to dollars,about $4.60 USD. Nice price right? Welcome to the prices of Colombia!

Taxes and Fees Of Buying Property In Colombia

You want to ensure that the previous owner has paid all of the outstanding taxes on the property. You need to obtain these two certificates directly from the owner:

  1. Tax free property certificate (Paz y Salvo Predial). This certificate guarantees that all the municipal taxes on the property have been paid.
  2. Tax free on value gained property certificate (Paz y Salvo Valorización). This certificate guarantees that all taxes have been paid on the increase in value of the property.

Buyers Fees

At the time of purchasing the property, the buyer must pay different taxes and fees which total 1.65% of the value of the property. The 1.65% value of the property consists of:

  • 1% tax on the property’s value for the registration of the property.
  • 0.5 % fee of the property’s value for the registration of the property.
  • 0.15% fee of the property’s value for the notary.

Sellers Fees

The seller of the property must pay between 3.63% and 4.79% of the total value of the property in taxes and fees:

  • 0.15% fee of the property’s value for the notary.
  • 3-4 % (including 19%VAT – value added tax) fee of the property’s value for the real estate agents.

Final Step For Buying Property In Colombia

The final step to buying property in Colombia is the signing of the Public Deed or ‘Escritura pública’ and this will confirm you as the new legal owner of the property. The Public Deed is a written legal instrument and you must hire a notary to produce it. The following taxes and fees apply:

Public Deed Fees

  • 0.25% fee of the property’s value for the notary.
  • 1% of the value of the transaction as an advance payment to be applied to the Income Tax.

Once the Public Deed is paid for and signed, it gets registered at the Registry Office and then consequently at the Cadastre or ‘Subdirección de Catastro’ where you will be officially registered as the new owner of the property.

Buy And Own Property In Colombia

There you have it. In conclusion, everyone can buy and own property in Colombia! To prepare, I would definitely recommend doing more due diligence on specific property regions and areas that you may be interested in. I would also recommend looking at property in Bogota or property in Medellin. Both of these locations have the potential for excellent returns. If you have a question or need more help, please send me a message.

Did you know that there is actually an equation for wealth? I invite you to check out my blog on how to Build Unlimited Wealth With Money’s Untold Truth and achieve your dreams and living an amazing lifetyle.

Until my next blog, best wishes!

Deuteronomy 8:18.  But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.

Matthew 7:8 NLT. For everyone who asks, receives. Everyone who seeks, finds. And everyone who knocks, the door will be opened.

Last Updated on April 29, 2026 by Financial Goodness

Financial Goodness

George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.

George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.

Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.


Santa Barbara Is The Best Neighborhood In Bogota

Enjoy Living In Santa Barbara

Updated April 29, 2026. Santa Barbara is the best neighborhood in Bogota. Colombia’s capital, Bogotá, is brimming with hotspots that draw more and more locals and visitors each year. For example, Usaquén, and more specifically Santa Barbara, are definitely experiencing a renaissance. As a result, Santa Barbara is by far the city’s most vibrant one, packed with antique stores, modern cafés, outstanding eateries and a popular Sunday market.

Real Bogotanos Live In Santa Barbara

To illustrate the culture of the area, if you want to know how real “Bogotanos” live, look no further than Santa Barbara. Consequently, this is by far one of the most authentic and energetic neighborhood in the city. Additionally, if you look at the architecture of the buildings, the new urbanism is shaping the area with the property owners making the transitions with the construction companies to construct newer design buildings.

Map of Santa Barbara Neighborhood. Photo credit: Google Maps.

Santa Barbara Lifestyle

For those looking for new apartments for sale in Bogotá, Santa Barbara is the area to that promises exciting news. Accordingly, the northern neighborhood of Santa Barbara is taking a large move towards modern architecture. Furthermore, the new buildings have many amenities as well, including security, entertainment and community services rooms such as business suites that are all equipped with the latest smart technology.

For this reason, if you would like to find out more information go to Properati.com.co. Or click on the Neighborhood Guide and scroll all the way down to Santa Barbara, because for me, the best neighborhoods in Bogota include Santa Barbara. Quite simply, Santa Barbara is a gem of a neighborhood.

Price Comparisons

Let’s look at a price comparison of properties in the Santa Barbara area and compare that to the prices of properties in Cedritos, Bella Switzerland, and Chico. Likewise, if we glance at the website properati.com.co/guia_de_barrio/santa-barbara we can see that the price for apartments in Santa Barbara is just below $6 million.

Overall, the price of apartments in Santa Barbara is more than those in Cedritos and slightly more than those in Bella Switzerland, but less than the apartments in Chico Norte, which is just to the south of Usaquén on the south side of diagonal street named Diagonal 92.

In my opinion, Santa Barbara is the best neighborhood in Bogota. Santa Barbara’s new modern urban buildings are a buy for the price, the value, and strength of the U.S. dollar.

Price Comparison Of Santa Barbara

Price Comparison / m 2 Properties

Property comparison of prices of Santa Barbara with Cedritos, Bella Switzerland, and Chico Navarra. © Photo credit: https://www.properati.com.co/guia_de_barrio/santa-barbara

Colombia Pesos To US Dollars

Let’s calculate the Colombian prices to US dollar prices. As of today, Tuesday, December 12, 2019, 1 US dollar (USD) equals $3,382 Colombian pesos (COP). By the same token, let’s also assume that the average price for Santa Barbara neighborhood is approximately $5,950,000 COP. Doing the math $5,950,000 divided by $3.382 equals 1.759 per m 2. For those of you not used to thinking in square meters let’s take a look at what this can buy and you will probably be very surprised at the affordability.

Updated June 27, 2022. The US dollar exchange rate continues to climb against the Colombian peso. As a result, currently 1 US dollar (USD) equals $4,135 Colombian pesos. In short, this is an awesome time to invest in Colombia and take advantage of the great exchange rate!

Why Invest In Colombia?

The World Bank catalogues Colombia as the fifth country in the world, among 183 countries, and as the first in Latin America, to protect investors. In fact, the Colombian investment atmosphere has been considered as one of the most favorable for foreign investment. In addition, Colombia is one of the most open economies, in terms of percentage of property own by foreigners, in Latin America.

Four Apartment Examples In Central Santa Barbara

In our opinion, Santa Barbara is the best neighborhood in Bogota. Take advantage of the strength of the US dollar and invest in a residential home. Clearly, Santa Barbara’s new urban buildings are a buy for the price, the value, and strength of the U.S. dollar.

Here are four apartment examples that I found online today. To show a comparison, the first apartment is a brand new one bedroom apartment. However, the other three apartments were not new, but they are similar, modern apartments.

Finally, I was quickly able to find a one bedroom, two bedroom, and three bedroom apartments for comparison. All of these apartments are listed on the website by LA HAUS at lahaus.com.

Example Of A Brand New Apartment

The first apartment is located at Vita 118 location in central Santa Barbara. The unit has one bedroom, two bathrooms, and two parking spaces for a total of 73 m 2. The price is $511 million.

You can see this apartment online at www.lahaus.com/p/vita-118-apartamentos/bogota. The description of the new apartment at Vita 118 says the amenities include a swimming pool, fitness center, and a jazucci. As equally important, the outside aesthetics of the building are quite simply beautiful and amazing.

New one bedroom apartment in Santa Barbara Central, priced at $511 million COP. Photo credit: lahaus.com.

More Apartments In Santa Barbara Central

Firstly, I scrolled down the web page of Vita 118 until it said “More Properties in Santa Barbara Central” and clicked to enter to search for more real estate for sale. My computer immediately went to lahaus.com/propiedades/bogota/santa-barbara/santa-barbara-central.

Secondly, I was looking for a one, two, and three bedroom apartment. Ideally, I was looking for apartments that were newer and modern as a way to reduce overhead maintenance costs. Moreover, I was also looking for better priced deals. For this reason, I found these four apartments to do a price comparison, but there were other apartments in the same price range, as you can see in the chart I created below.

Santa Barbara Central Apartments

   Bedrooms                     m 2                          Price COP                 Price USD

1 BR – New 73 $511,000,000 $151,094
1 BR – Modern
But Not New		 55 $315,000,000 $93,140
2 BR – Modern
But Not New 		79 $480,000,000 $141,928
3 BR – Modern
But Not New 		117 $540,000,000 $159,669

Comparisons: Santa Barbara Apartments

In general, the price for the brand new one bedroom apartment was definitely higher at $511 million COP or $151,094 USD. In addition, the outside of the apartment complex is beautiful, possibly has a more exclusive address, and the amenities could make a difference.

However, from a real estate investment point of view, the one, two, and three bedroom apartments, that are also located in the same Santa Barbara Central area, were all newer and modern. In addition, the total prices were much more affordable.

In conclusion, if you are looking to purchase one of these apartments for yourself as a home or as a rental, we would have to suggest that the better deal would be to buy a newer, modern apartment for a much better price.

Furthermore, for the last ten years the prices of real estate continue to increase in value annually. Therefore, going forward, if the prices of real estate continues to increase, as it has been doing in the last ten years, you will be glad for the future equity in your property.

Below are the details of the modern residential apartments that are for sale with the current owners. However, please do your due diligence to determine the IRR for these properties. In conclusion, our outlook is that there are some good deals for buying a house for your family or for added rental income if you look in the Santa Barbara area of Usaquén neighborhood.

One Bedroom Apartment:

Modern one bedroom apartment in Santa Barbara Central, priced at $315 million COP. Photo credit: lahaus.com.

Firstly, this one bedroom apartment that I found at lahaus.com, says it has one bedroom and two bathrooms, with one parking space. Also, this apartment has good lighting and ventilation, with a functional fireplace in the living room. Additionally, it is close to a wide range of shopping centers, restaurants, and banking. This one bedroom apartment is near Carrera 15, Calle 127, and Autopista Norte. Finally, the price of this one bedroom apartment is $315 million COP.

Two Bedroom Apartment:

Modern two bedroom apartment house in Santa Barbara Central, priced at $480 million COP. Photo credit: lahaus.com.

Three Bedroom Apartment:

First, I scrolled down and found a three bedroom, three bathroom apartment that looks new and modern. In particular, the description says this duplex penthouse is strategically located close to the Unicentro Bogotá Mall and is close to supermarkets and parks.

Second, the area is quiet and well lit. The first level contains dining room, remodeled kitchen, laundry, and bathroom. The second level contains the three bedrooms, a study, and two bathrooms, one with a jucuzzi. In addition to this, there is an elevator and two parking spaces. Finally, the price for this three bedroom 117 m2 apartment complex is $540 million.

Modern three bedroom apartment house in Santa Barbara Central, priced at $540 million COP. Photo credit: lahaus.com.

Conclusion

In our opinion, Santa Barbara is the best neighborhood in Bogota. At this time, Santa Barbara’s new urban buildings are a buy for the price, the value, and strength of the U.S. dollar.

What popular articles and blogs do you recommend?

Further Reading on FinancialGoodness.com: For more articles and blogs on real estate investing, check out our guides to Real Estate Investing Strategies That Work Every Time and the Best Real Estate Strategies To Make 7 Figures.

In conclusion, are you interested in taking advantage of the excellent opportunities in the capital city of Bogota, Colombia? In this case, if you are interested in purchasing a rental property, but are not sure about how to complete the process, please read my blog on how Everyone Can Buy And Own Property In Colombia. Overall, this article has many details about how to buy the affordable real estate in Bogota or Medellin that have the potential for excellent returns.

Last Updated on April 29, 2026 by Financial Goodness

Financial Goodness

George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.

George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.

Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.

Best Real Estate Neighborhoods In Bogota, Colombia

Updated April 29, 2026. Let’s meet the best real estate neighborhoods in Bogota, Colombia! Bogota neighborhoods in the northern part of the city, or what are called Bogota North neighborhoods, are absolutely exquisite. As a result, the North Bogota areas are definitely the nicest when looking for a real estate home or an investment property.

In addition, these homes have a higher level of security. Thus, the Bogota North neighborhoods are the best and safest neighborhoods to look for a home or apartment in Bogotá, Colombia.

Similarly, let’s take a look at some of my favorite neighborhoods for buying a home or for investing in real estate. In my opinion, they are the neighborhoods of Usaquén and Chapinero.

Usaquen and Chapinero Neighborhoods

First, we will focus at the beautiful neighborhood of Usaquen and then we will take a look at the trendy neighborhood of Chapinero.

Usaquen

The best real estate neighborhoods in Bogota, Colombia would not be complete without Usaquen. Usaquen is a beautiful and charming area in the Northern part of Bogotá. Nevertheless, Usaquen still has a nice small-town feel.

Specifically, Usaquen is among the 20 localities that make up the Capital District of Bogota. However, Usaquen was a separate municipality of Cundinamarca until 1954, when it was annexed into the city. As a result, Usaquen is the 1st locality of Bogotá, capital city of Colombia, and is located in the northern part of the city.

Similarly, today Usaquen is home to more than 474,000 inhabitants as of 2017. In addition, this district is mostly inhabited by upper middle and upper class residents.

Photo of Usaquen. Photo credit: Google.

Usaquen Location

Usaquen is bordered on the north by 240 Street. To the south by 100th Street in the town of Chico. In the west, by the North Freeway, located in Suba. Finally, on the east by the Eastern Hills, a long chain of hills forming the eastern natural boundary of the Colombian capital of Bogota.

Map of Usaquén neighborhood. Photo credit: Google maps.

Usaquen Sites Of Interest

  • The Country Club of Bogota, in fact, is the largest golf course in Bogota (the green area that is just above the word Usaquen on the map.)
  • Hacienda Santa Barbara, a colonial style Hacienda that now serves as a shopping mall
  • Unicentro, Bogotá shopping mall, dating back to the mid seventies
  • Santa Ana Centro Comercial, a shopping mall

Awesome Restaurants in Usaquen

Usaquen has many outstanding restaurants housed in colonial buildings. For example, Trendy Usaquen is a foodie hotspot. In particular, the Asian fusion eateries, upscale French bistros and mellow garden cafes cluster around Usaquen Park, the district’s focal point. Similarly, the brew pubs and chic cocktail bars keep the scene buzzing until late.

Usaquen Sunday Morning Stroll

If you need rest and relaxation combined with a little exercise after a night out on the town in Bogota, the neighborhood of Usaquen is the perfect place for a Sunday morning stroll. For instance, the neighborhood of Usaquen is known for its Sunday flea market. You can walk around to see hundreds of artisans, featuring street musicians, gourmet food stands and stalls selling handmade jewelry.

Excellent Urban Cycling

If there’s one area in which Bogota is a world leader, its urban cycling in Bogota. Moreover, the great news is that the cycling route goes right through Usaquen! The metropolis of Bogota is credited with initiating the world’s first ciclovía in 1974.

As a result, Bogota has one of the world’s most extensive bike-route networks, with more than 375 km of separated, clearly marked bike paths called CicloRuta. In addition, free Bogota maps from PIT information centers show the CicloRuta paths. PIT stands for Punto de Información Turística Centro Histórico. PIT is located at Cra. 8 #9-83.

Photo of Ciclovía Bogotá. Photo credit: https://www.bicitravesiasbogota.gov.co/ciclovia-bogota

In total, about 121 km of city roads in Bogota are closed to traffic from 7am to 2pm on Sundays and holidays for the citywide Ciclovia, a well-run event to get Bogota out and bicycle around the city. If you feel like biking, you can rent a bike at Bogota Bike Tours.

Ciclovia runs along Carrera 7 all the way from La Candelaria to Usaquen. In particular, I have seen the Autopista Norte, in Usaquen, many times on Sundays. The left lane of traffic is closed with a long line of orange cones to separate the cars and the bicycles. Besides the bicycles, the bicycle lane also contains some rollerblades, scooters, skateboards, pedestrians and anything else without a motor.

Indeed, this much-copied two-wheeled happening regularly attracts around two million participants – 25% of Bogota’s population! In fact, it is amazing that so many people who ride their bikes on Sundays have smiles on their faces. Consequently, it makes me proud of the people of Bogota and their innate happiness for life.

The Ciclovia bicycle route. Photo credit: https://www.bicitravesiasbogota.gov.co/ciclovia-bogota

Usaquen’s Beautiful Park

Torca, located at the extreme north, is the largest park of Usaquen. Notably, the Country Club’s polo area was acquired by the District and transformed into a metropolitan park for northern Bogota. Undoubtedly, the Torca area is a place of absolute beautiful.

The Estratos Of Usaquen

The social classes of Usaquen are primarily the upper middle class and upper class. Hence, the socio-economic estratos are four, five and six. Consequently, in the highest estratos of five and six (six being the highest estrato), the residents pay an increase in the utility bill price for water, gas, and electricity.

Yet, when I drive around the Usaquen neighborhood it reminds me of the nicer, beautiful neighborhoods in the larger metropolitan cities of the US; London, England; Paris, France; or Madrid or Barcelona, Spain. Consequently, I really love the Usaquen area and believe it is one of the best real estate neighborhoods in Bogota, Colombia.

Usaquen Malls And Business Center

  • Unicentro Mall: being one of the largest malls in the city with people not only from the town of Usaquén, but from the entire city of Bogotá.
  • Hacienda Santa Bárbara Mall: unites the modern with the colonial architectural styles. Built on the grounds where the hacienda (the estate) was originally located.
  • Santa Barbara Business Center: a set of nine modern buildings between Calle 112 and 116 and between Carrera 7 and Carrera 9.
  • Santa Ana Mall: located on Avenida Carrera 9, is one of the most exclusive, upscale retailers in the city.
  • Cedritos 151 Mall: located on Calle 150 with Carrera 16.
  • Palatino Mall: located on Calle 140 with Carrera 7.
Unicentro Shopping Center in Usaquén. Photo credit: https://www.semana.com/contenidos-editoriales/esta-bogota-promete/articulo/unicentro-bogota-y-sus-programas-de-responsabilidad-social-y-ambiental/548004
Santa Barbara Business Center in Usaquén. Photo credit: https://es.wikipedia.org/wiki/Centro_Empresarial_Santa_B%C3%A1rbara#/media/Archivo:Centro_empresarial_St_b%C3%A1rbara_Bogot%C3%A1.JPG.

Important Neighborhoods in Usaquen

Furthermore, if you are interested in this area, I would highly recommend further research for the important neighborhoods in the Usaquen area. These great neighborhoods include:

  • Lijacá
  • Verbenal
  • San Antonio
  • Servitá
  • San Cristóbal Norte
  • Toberín
  • Barrancas
  • Cedritos
  • Bella Suiza
  • La Carolina
  • Santa Ana
  • Santa Barbara
  • San Gabriel Norte
  • Cantón Norte
  • Francisco Miranda
  • Las Margaritas
  • San Patricio
  • The colonial heart of Usaquén

Chapinero

The best real estate neighborhoods in Bogota, Colombia would not be complete without Chapinero. Indeed, Chapinero is touted as the hipster area of the city.

Photo of Chapinero. Photo credit: Google and Alejandra Porto.

As an example, in this neighborhood, you’ll find Bogota’s under 30 creatives, young professionals, students, and a large LGTB community. Overall, the feeling of the area is a bit more underground. Specifically, enjoy the hip eateries, coffee shops, and independent design boutiques to discover around every street corner.

Map of Chapinero neighborhood. Photo credit: Google maps.

Chapinero Location

Chapinero is located in the north of the city and is one of the more affluent districts of the city of Bogota. Consequently, this district is mostly inhabited by upper class residents. Thus, the boundaries are Calle 39 in the south, Avenida Caracas in the west, Calle 100 in the north and the Eastern Hills in the east.

Chapinero is the 2nd locality of Bogota, capital of Colombia. As well, Chapinero is among the 20 localities that make up the Capital District of Bogota. Hence, Chapinero has its own local administration that is under the jurisdiction of the District’s Government secretariat. 

Chapinero’s Economy

Generally, the Chapinero economy is one of the most important commercial and economic zones of the capital city of Bogota. Banking and financial centers are headquartered along Calle 72, Carrera 7 and Calle 100. Whereas, the major shopping areas located along Carreras 11 and 15.

Furthermore, several universities are based in the located in Chapinero, including:

Chapinero Restaurants

As well, the zone of Chapinero also includes popular dining areas and nightlife centers. For instance, look for the Zona Rosa, the Parque 93, and the Zona G (G stands for Gourmet), known for its wide selection of upscale restaurants.

Chapinero Points Of Interest

  • Chicó Museum (Museo del Chicó): which includes an old manor house and a surrounding park.
  • Our Lady of Lourdes Basilica (Basílica de Nuestra Señora de Lourdes)
  • 93rd street park (93 Park; Parque de la 93): which is also a hot spot for upscale restaurants, bars and nightclubs.
  • Shopping centers:
    • Avenida Chile (formerly known as Granahorrar)
    • Centro Andino
    • Atlantis Plaza
    • El Retiro

Chapinero Alto

Finally, the best real estate neighborhoods in Bogota, Colombia would not be complete without mentioning Chapinero Alto. In contrast to the flatness of the city, Chapinero Alto (Upper Chapinero) is located between Carrera 1 and Carrera 7, as the streets begin to slope up into the mountains.

Chapinero Alto lies roughly between Calle 40 in the south and Calle 70 in the north. As a result, a lot of students live around Calle 45. This is due to its proximity to the Universidad Javeriana, one of the country’s oldest, most traditional, and prestigious institutions. 

Likeable Neighborhoods In Chapinero

Finally, I would highly recommend further research for the likeable neighborhoods in the Chapinero area. These neighborhoods include:

  • El Nogal
  • El Chicó
  • Antiguo Country
  • Rosales
  • Villa del Cerro
  • Chapinero Central
  • Chapinero Alto
  • La Cabrera
  • El Lago
  • El Virrey
  • Quinta Camacho
  • Pardo Rubio
  • Marly
  • La Salle
  • Bosque Calderón
  • La Porciúncula

Conclusions

In conclusion, the neighborhoods of Usaquen and Chapinero are my favorites whether you are buying a home or looking for investments in real estate. Therefore, please research these neighborhoods further and I am sure that you amazed by the amenities and possibilities that these locations have to offer.

Again, the best real estate neighborhoods in Bogota, Colombia are in the north. The Bogota North neighborhoods are absolutely beautiful. In my opinion, the best neighborhoods are located in the neighborhoods of Usaquen and Chapinero.

Neighborhoods For Investment

If you are looking to invest in Colombia, please read my blog on the Real Estate Investing Strategies That Work Every Time. Therefore, these three real estate strategies are: residential rentals; wholesaling; and rehab and resell. All in all, these three strategies are among the most popular real estate strategies that produce consistent results regardless of the timing. Additionally, these investment strategies will increase your families long-term wealth.

If you are interested in learning the best ways to to improve your rental property cash flows, please read our blog on the three ways to Boost Your Rental Property Cash Flows. As a result, these strategies will help you build your long-term wealth as a real estate entrepreneur.

What popular articles and blogs do you recommend?

In addition, if you are interested in Becoming A High-Net Worth Individual, please read my blog and watch the YouTube video by a fancinating guy named Andrew Hendersen, founder of Nomad Capitalist. In short, he believes that the world has changed forever and says it’s time for you to “go where you’re treated best.”

That’s it for now. By and large, I hope you have received value. Lastly, I look forward to providing you with more information and value on the great real estate investments in Colombia. Best wishes.

Last Updated on April 29, 2026 by Financial Goodness

Financial Goodness

George Alexander Roy III and our team are experts in helping you to reach abundance through our AI small business services, investments and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of artificial intelligence (AI), personal finance, real estate, and investments.

George is an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of long-term wealth and equity.

Consequently, as an entrepreneur and AI small business specialist, I continue to seek the truth in everything I do, no matter how difficult. I always look for strategies that will help my clients grow. Hopefully this value and service will help all by clients to achieve their financial freedom sooner.

Invest In Real Estate In Bogota, Colombia

Why Invest In Bogota, Colombia?

Updated November 24, 2025. Bogotá is everything a capital city should be. It is the economic, cultural and artistic heart of Colombia. Bogota should be thought of as a vibrant core and a beam of modernity. This mix is the quintessential feel of a country that is held together between the exotic Caribbean and the captivating Andes. Bogota is so much more than a mere springboard to South America. Bogota is, in fact, one of the best Colombian experiences! But the big question is, why should you invest in real estate in Bogota, Colombia?

Facts About Bogota, Colombia

Colombia’s capital city of Bogotá, the Capital District, is the country’s largest city. The population of Bogota is estimated to be at 8 million. 3 million of these people live in the areas immediately surrounding Bogota. Meaning there are 11 million people living the greater Bogotá area.

Moreover, it is also interesting that Bogota is the fourth highest capital city in the world. The altitude of Bogota is 8,600 feet or 2,640 meters above sea level. For people reading from the U.S., the city of Denver, Colorado, also called the Mile High City, has an altitude of 5,280 feet above sea level or 1609.3 meters. So, Bogota is a high city!

A view of the center of Bogotá with the Andes in the background. Photo credit: Unsplash

Bogota, Colombia Is Rapidly Growing

In the last few decades, Bogotá has been expanding rapidly. Bogotá has rising tourism, a booming economy with high consumer confidence, an expanding middle class, and falling interest rates.

Not to mention, the cultural, historic highlights that make Bogota one of the of Latin America’s most rewarding destinations. “It’s a city that’s starting to catch up and come up after being held back for a long time,” said Sam Miller. Miller is a Canadian that moved to Bogotá years ago. He loves living in Bogotá, Colombia because the air temperature is so much better than living in Canada.

Sam Miller co-founded a real estate investment company called Colombia International Real Estate (a subsidiary of Lifeafar). Miller said in a recent interview, that there are tremendous opportunities “with a growing middle class and one of the largest English-speaking populations in Latin America.

As a result, Bogota, Colombia now completes for international home buyers. The sprawling metropolis of Bogotá now has sleek skyscrapers, and some of the finest restaurants, nightlife, museums, and shopping scenes in Latin America. Let’s look at those opportunities now in Bogotá for tourism, economy, and the real estate property market forecast predictions.

Growing Tourism In Bogota, Colombia

In Bogotá and across all of Colombia, tourism is on the rise. Over the last decade or so, tourism in Colombia has soared by more than 300%. The tourism has risen from one million foreign visitors in 2006 to more than three million in 2017. Colombia is a country that has seen unprecedented tourism growth over the last ten years. Consequently, Bogotá continues to lead the way as Colombia’s most popular destination for foreign visitors.

According to Ministry of Tourism data in 2018, Bogota receives 51% of the country’s total tourist traffic, followed by Cartagena at 11%, and Medellin with 10%.

Between 2011 to 2017, the number of annual passengers arriving at Bogota’s El Dorado International airport jumped from 20 million to 31 million. Airlines have added new direct flights to Bogota from destinations like Amsterdam, Europe, and Los Angeles to accommodate the rapid increase in Bogota travel.

In 2019 and beyond, we expect steady tourism growth to continue across Bogotá and all of Colombia. Likewise, Colombia continues to shed its dangerous reputation. Subsequently, Bogota will continues to receive glowing press releases and is building its name as South America’s hub for technology and culture.

The ever-evolving city of Bogota is forecasted to continue to attract a steadily growing stream of business travelers and government workers. These business travelers and government workers are in addition to the tourists, vacationers, and remote workers attracted to the city. If you would like to invest in real estate in Bogota, Colombia, please let us know.

Economic Growth In Bogota, Colombia

All of Colombia has seen tremendous economic growth over the last ten years. The country’s economic prosperity is evident in Bogota’s positive indicators. As the seat for government and business in Colombia, Bogota averages around 30% of the country’s GDP. In particular, the city is home to most of the multinational corporations. As well as national and governmental agencies in the country.

In its American Cities of the Future report for 2017/18, the fDi Intelligence research center recognized Bogotá as having the second-best strategy for promoting foreign direct investment in South America. Bogota was second only to Sao Paulo, Brazil.

Currently, the local economy is primarily based on the service sector, including financial services and telecommunications. Looking to 2019 and beyond, we expect to see solid growth in Bogotá’s tourism and agricultural sectors.

Over the next ten years, a steady economic upturn is forecasted to continue in Bogota and across the country. This is due to increasing oil prices, steady private consumer consumption, and recovery of non-oil exports, among other variables.

Real Estate Investment Opportunities

Bogota real estate investment opportunities. Photo credit: Unsplash.

The Bogota real estate opportunities are fantastic. Bogotá (and all of Colombia) has enjoyed historic real estate growth over the last ten years. Under the administration of President Álvaro Uribe in 2003, Colombian real estate prices took a massive uptick after crime rates have decreased. Since then, property market prices have gone up steadily across Colombia, rising an average of 8% per year in Bogotá.

In our opinion, Bogota is definitely a very exciting global investment opportunity to consider. If you would like to invest in real estate in Bogota, Colombia, please let us know.

Understanding Housing Estratos

To understand real estate opportunities within the city, let’s understand how the government housing stratum system works.

In Colombia, homes are ranked in socio-economic categories known as estratos. Estrado 1 are the least expensive and Estrato 6 are the most expensive properties. Bogota has four or five estrato 6 areas versus the single estrato 6 area in Medellín. According to Rich Holman, chairman of Lifeafar, Bogota properties in estrato 6 can be as much as 40 to 60% more expensive than the same properties in Medellin.

In particular, the Bogota’s rapid economic growth and expanding middle class are putting pressure on the upper estratos. This in turn is driving up demand even further in these already pricey areas. As a result, as real estate becomes more difficult to obtain, opportunities lie in new upcoming neighborhoods that have been previously overlooked.

It should be noted that with the majority of its properties in estrato 3 and 4, the increasingly trendy Chapinero Alto is a great example of an emerging barrio.This emerging barrio has a lot of room for growth (the term barrio in Colombia is used to describe any urban area neighborhood whose geographical limits are determined locally).

Therefore, more home buyers, renters, and business owners seek affordable pricing in neighborhoods like Chapinero Alto. The increased demand and urban renewal are likely to translate to increased property prices. Consequently, investors who purchase properties in up-and-coming neighborhoods now will likely see substantial returns as real estate prices continue to climb in Bogota and across Colombia.

USD Strength Compared To The Colombian Peso

Yet another attractive reason to invest in Bogotá real estate is the current currency exchange of the Colombian peso (COP) against the U.S. dollar. 

Total real estate housing units sold each year from 2018 to 2021.
Photo credit: BBVA Research.

November 24, 2025 update. Approximately 60,000 U.S. citizens currently live in Colombia, a number that includes both U.S. emigrants and those with Colombian roots. Foreigners can invest in Colombian property, as the country allows non-Colombians to own property under the same conditions as locals. 

April 13, 2023 update. By emerging markets, the Colombian peso and the Brazilian real are the only two Latin American currencies that are gaining the most ground against the US currency.

November 8, 2022 update. In Colombia, people see the purchase of housing as a great investment. The current currency rate against the US dollar continues to be a favorable opportunity to acquire new housing with exceptional financing conditions and interest rates. New homes in Colombia grew by 9.4% in 2021.

In addition, the vision for 2022 continues to be encouraging. In 2022, is projected that investment in housing will grow by 10.6%, with more than 240,000 units sold.

March 26, 2019 update. As of March 26, 2019, the COP is trading at 3,144 to the USD compared to 1,872.5 on this day eight years ago.

To illustrate, the present-day U.S. dollars investor holds 67% more buying power than investors eight years ago. Similarly, for 2019 buyers with U.S. dollars, the undervalued COP makes high-quality real estate in a rapidly appreciating market a global bargain. Furthermore, with the great exchange rate these days for the US dollar, the Colombian markets are very appealing when looking to purchase real estate.

The Bottom Line For Real Estate Investment

In conclusion, tourism and economic factors continue to improve in Bogota. In our opinion, we do not expect the rate of real estate to slow down in the next five to ten years. Sam Miller says that “in emerging neighborhoods like Chapinero Alto, we see unparalleled opportunities for substantial returns as real estate demand continues to climb.”

Thus, imagine five to ten years of growth in real estate as demand continues to climb with an average of 8% a year in Bogota! So, invest in real estate in Bogota, Colombia! Bogotá is everything a capital city should be as the tourism and economic factors continue to improve.

In future articles I will investigate different neighborhoods for investment. We will explore the neighborhoods of Usaquen, Chapinero, and Chapinero Alto. We will give you our thoughts as we look at potential properties for growing wealth through real estate investments. In our opinion, Bogota is definitely a very exciting global investment opportunity to consider. If you would like to invest in real estate in Bogota, Colombia, please let us know.

Please read my blog on how Everyone Can Buy And Own Property In Colombia. We recommend doing more due diligence on specific property regions and areas you may be interested in. We would also recommend looking at property in Bogota or property in Medellin. Both of these locations have the potential for excellent returns. If you have a question or need more help, please send us a message.

Last Updated on November 24, 2025 by Financial Goodness

Financial Goodness

George Alexander Roy III and our team are experts in helping you to seek wealth through investing and tips on how to succeed. Join us at FinancialGoodness.com to increase your knowledge and skills through education in the areas of personal finance; real estate; investments; digital marketing; comparison of the best states to form LLC’s and comporations; and the best AI app for increasing your fluency in English.

George has been an owner of a residential real estate investment business that focuses on wholesaling, fix & flip, and long-term buy-and-hold property strategies with a consistent increase of annual revenues. Undoubtedly, the tax laws in the United States and Colombia, South America offer some very favorable tax incentives for owning real estate.

Consequently, as an entrepreneur, researcher, writer, and speaker I have sought the truth in everything I do, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.