Property for sale in Columbia

Is the capital city of Colombia, as well as the most populous city in the country, with 7,033,914 inhabitants (2007). Bogotá and its metropolitan area, which includes municipalities such as Chía, Cota, Soacha, Cajicá and La Calera, had an estimated population of 8,244,980 as of 2007. Bogotá's altitude makes it the third-highest major city in the world after La Paz and Quito. In terms of land area, the city of Bogotá is the largest in Colombia.

Is a country in northwestern South America. Colombia is bordered to the east by Venezuela and Brazil; to the south by Ecuador and Peru; to the north by the Atlantic Ocean, through the Caribbean Sea; to the north-west by Panama; and to the west by the Pacific Ocean. Colombia also shares maritime borders with Jamaica, Haiti, the Dominican Republic, Honduras, Nicaragua and Costa Rica.

During the early 1990s the economy was growing quickly in comparison with that of other Latin American countries, and inflation and unemployment were under control. However, government spending and foreign debt soared in the late 1990s, the country suffered its worst recession in a century, and labor unrest and internal problems related to the drug trade continued to threaten the country's economic stability.

The stability and strong economic growth of Colombia over the last few years have resulted in growing Colombian properties market - bringing Bogota to the recovery phase of the real estate cycle

In an area of such obvious growth and potential, real estate investors in Colombia are confident they will experience substantial financial gains as the demand for both commercial and tourist residential property for sale in Colombia increases.

Residential, office and industrial space are all seeing strong growth, spurring strong construction activity, developing the business with off plan property for sale in Colombia.
Thanks to increased local and foreign investments, coupled with improved security, Colombia is seeing a major real estate boom.

Foreigners can freely buy property for sale in Colombia. All transfers of title on real estate as well as all encumbrances must be done by public document. All taxes must be paid in order for a transfer to be legally effective. Any document of transfer or judicial decision pertaining to property must be recorded with the Real Property Registry.