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Buying properties for sale in Bogota is easy with our platform, featuring over listings. Investors can access information provided by verified agencies and developers. You only need to decide which properties in Bogota, Colombia, are ideal based on the following requirements:
- Residential and total area;
- City and neighbourhood, as well as proximity to the beach and infrastructure facilities;
- Layout, technical equipment and décor style;
- Number of bathrooms and bedrooms;
- Cost and additional options.
On Global Properties, you can find not just investment real estate in Bogota but other types of houses in Colombia as well. Once you’ve identified the property that meets all your requirements, contact the seller. The contact information for discussing the details of the transaction via phone or personal messages is provided in the description of each listing.
- Minimum cost of property in Bogota: USD 1
- Most expensive object: USD 392 million
- Minimum floor area: m²
- Maximum floor area: 18,090 m²
To become residents, buyers of land and commercial properties in Bogota for investment or other objects must first apply for an investment visa. This visa is granted to foreigners provided that the price of the purchased object is not less than 350 minimum wage, i.e. USD 119,000. There are several important points to consider when applying:
- Application to the migration service is only possible after signing the escritura;
- You will need a bank account that has been active for at least 3 months. During this period, you should order a statement and include it in the general package of documents;
- It’s necessary to find an insurance company and obtain a medical policy beforehand;
- After 5 years, there’s a possibility of converting the visa into a resident's residence permit.
In terms of permanent residence, areas like La Candelaria, Engavita, Usaquén, Teusaquillo and Chapinero are more appealing. While Las Nieves boasts an impressive number of attractions, its lower level of security makes it less desirable for expats interested in relocating. The primary criterion for selecting a location is the estrato (social class system). The higher it is (ideally 5 or 6), the more comfortable life will be.
Property in Bogota
Colombia's capital, with over 7 million inhabitants, holds significant appeal for Latin American travellers and digital nomads. The local authorities are actively seeking to attract foreign investment by improving security, developing tourism infrastructure and promoting the construction of new housing estates. The city holds the distinction of being the largest metropolis in the country, serving as a financial and cultural centre boasting a variety of museums like the Museo de la Gaulle, Fernando Botero Art Museum, etc. Additionally, it features the unique Transmilenio transport system. Living here, expats can easily travel around the capital by bus, visit exhibitions and explore attractions such as the Basilica Señor de Montserrat while feeling comfortable with the friendly local population.
Investing in property in Bogota serves various purposes:
- Developing one’s own business in emerging areas benefits from low competition and straightforward company registration, enabling entrepreneurs to start ventures without exorbitant financial investments and inconveniences;
- Acquiring a second home abroad offers the opportunity for holiday stays while renting out to expats and tourists during other times;
- Facilitating relocation: Many apartments in Colombia are purchased by IT specialists and professionals relocating to the country for work with international companies that establish offices in the capital;
- Generating passive income through renting out plots of land, shops, hotels or housing;
- Long-term investments.
Several factors affect property prices in Bogota:
- Distance to bus stops, restaurants, shops, schools and attractions;
- Estrato, which signifies the neighbourhood’s level of prosperity. Each area in the city has a certain category, from 1 to 6. The higher it is, the safer it is. Options in estrato 1 to 3 should not be considered. In terms of quality, security and prices of real estate for sale in Bogotá, the best neighbourhoods are La Candelaria, Usaquén, Engavita, Chapinero, Teusaquillo, as well as Fontibon, Puente Aranda and Barrios Unidos;
- Floor area and number of rooms: Real estate in Colombia is characterised by its spaciousness. There are practically no studios and the apartments with 1–2 bedrooms typically feature two bathrooms and a large living room;
- Finishes, furnishings and technical equipment;
- Views from windows and balconies;
- Date of construction of the building and internal infrastructure. The most sought-after properties are in gated complexes with security, 24-hour video surveillance and well-maintained neighbourhoods with children's and sports grounds.
You won’t have to wait long for the conclusion of the deal - on average, the process lasts about 14 days. This is largely because the transfer of ownership occurs only after the full amount has been transferred. Initially, it’s necessary to sign a preliminary agreement and make an advance payment of 10–30%. The buyer is eager to resolve financial issues as quickly as possible and proceed to signing the escritura.
Reasons for investing in property in Bogota
Investing in properties in the capital of Colombia is advantageous for several reasons:
- Consistent influx of tourists, which determines the interest in rental housing;
- In popular areas like Usakena and Chapinero, you can earn up to 9.88% and 9.65% respectively on renting apartments and houses. The best-performing properties are those with 3–4 bedrooms;
- The city is the face of the country, attracting investments for its development;
- The capital has the most cosmopolitan community in the country, with expats from dozens of different countries, making up a significant proportion of the population.
- Transaction costs remain moderate, typically up to 6.85%;
- Management companies are available for investors who are unable or unwilling to maintain the housing themselves.
Buying real estate in Bogota
In our database, you will find listings from verified developers and agencies with detailed descriptions, photos and locations displayed on an interactive map. Search criteria can include area, neighbourhood, number of bedrooms and bathrooms or property price in Bogotá. We also recommend utilising the comparison option to make a final decision. All information is obtained directly from the seller, who can be contacted via private messages or the phone number listed in the ‘Contacts’ section.