Geographic Information

Description of Colombia
Over the past seven years or so, the way in which the property market in Columbia has grown and strengthened has been truly mind-blowing. Somehow staving off the effects of the global economic downturn, property values have exploded year after year as businesses, tourists and new full-time residents flock into Columbia. However, investors may be put off by the somewhat painful taxation system imposed by the government – foreign investors are charged a flat rate of 33% on their rental income. Still, net yourself a real money-maker in Bogotá or on the Caribbean coast and there’s a good chance you’ll still come out of the deal smiling. Colombia’s resilience and progress really demand respect and attention, especially if looking for a solid choice for international property investment.

Current Property Prices in Colombia

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Key Facts:

Time Zone: Colombia Time Zone
DialCode: 57
Languages: Spanish
Capital: Bogotá
Population: 42,888,592
GDP: $427.139 billion

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