Colombia Forum

ste
Joined 2018
Posts: 9

6 years ago

opinions need for property investment in Bogota

6 years ago

Hi, I'm planning to invest in an apartment in Bogota or now before moving there in person. Have been checking with some real estate agents. However, the prices which have been quoted seems high and most of the agents are not licensed. Does all the licensed real estate agent/ broker there should have a license or legal ID no. to be provided?

Also, how much roughly per sqm for a studio/ 1 bedroom unit for sale in city downtown areas?
How much will be the monthly rent for this size as well in case if it's too expensive, then might think to rent for a unit at the beginning when I will be there.

As heard that there are high income tax there for non resident foreign buyer like 33%, is that true?
In the investment side, after using the yearly rent income divide the property cost and deducting the 33% yearly income tax and the property tax, how much in % should be the Net yield? Like 6% or so? Any suggestion in Bogota? What are the monthly and yearly expenses which the property owner needs to pay for?

Also if there's any honest, reputable real estate company/ agent who can be introduced? Also, for the real estate attorney, any good one to recommend too in the city?

Thanks much!!

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