Enjoy Living In Santa Barbara
Updated April 13, 2024. 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.
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
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.
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:
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:
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.
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.
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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 13, 2024 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 through education in the areas of personal finance, real estate, and investments. George has been an owner of a 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. Consequently, as an entrepreneur, researcher, writer, and speaker he has sought the truth in everything he does, no matter how difficult. Hopefully this value and service will help each person achieve their financial freedom sooner.