Bogotá does not have a stable water supply. The city turns water off for entire district in rotation. Every so many days, the city turns off your water at 8AM for 24 hours. It's manageable, but if it is already like that, it could worsen. Until they dig another reservoir, this city is no-go for purchasing property.
Sir, do not misinform; the water rationing has already passed. Today, the reservoirs are at 100 percent capacity, and if you come to Bogotá, it is likely to rain every day until January. Bogotá is a very viable city; new homes and shopping centers are being built every day, and the first metro line will be operational in two years.
I was buying a condo in Colombia then when i found out im only able to obtain a one year visa i decided renting is better. I alway thought when buying real estate in colombia a five year visa was issued. They should definitely go back to the five year investment visa because it will attract way more buyers.
If we are measuring bottoms in terms of dollars then the bottom was 2022 when it was 5000 pesos to the dollar. Colombia real estate has been up 20% in terms of dollars since that bottom. Currently, Bogota has been suffering from a water shortage. They are doing water rationing in a place where rain is abundant. It’s a joke of a city. Worst traffic in the world. Very rare for a capital city like this to not have a train system, There’s quality people and restaurants here and the mountain views are nice. Airbnb deals are abundant. No incentive to deal with Colombian bureaucracy.
It's an interesting market, maybe the city itself just isn't interesting enough. Considering the local alternatives, just the climate alone is on the lower end of attractiveness and the infrastructure isn't coping very well either. I have the gut feeling that this market won't pick up for a long time, but it might indeed be near the bottom.
Can you ask how much under asking price in percentage terms deals in the luxury market are closing at? For example if the asking price is $300,000 is the transaction price closer to $200,000 (33% below ask) or $250,000 (25% below ask) etc. Great video as usual.
Do not purchase unless you are in country for longer that 2 years. Real estate is not a good investment in Colombia. Especially the high end. Anything over $80,000US will take 1-2 years to sell. When you are ready to purchase, ask for 30-50% below asking price. I live here and my wife and her family work in the banks, so they are well aware of what to do. You will need to talk to 30-40 sellers before one accepts. Do NOT trust the wandering investor....you will overpay!!!!
@@kam_abroadright, wait 2 years and pray the new socialist party doesn’t tax you 50% when you try to move that money away from Colombia. Pray that the peso - which has already devalued numerous times - stays competitive with major global currencies after you get bent over on taxes and conversion fees. It’s a fine place to rent and do digital business on tourist visa.
I rent out rooms in Panama. What I have noticed this year is that there is an increasing number of Colombians arriving with the intention to leave their country. This week I had two looking for a room. I like Colombia a lot and it is worrying.
No puedes comparar nunca en la vida la calidad de vida de Bogotá con la de panama, Bogotá es mil veces más desarrollada, un poco de investigación a fondo (q además aquí es necesaria) Nunca cae mal!
@@demillosnadamas Refieres a mi comentario? No he comparado Bogota con Panama. A mi encanta Bogota. Es que hay gente que no ven futuro para su mismo y se van. Cada lugar tiene sus cosas buenas y malas.
You said from 2000usd square meter in nicer areas, it's seems to me to more like 1000usd to maximum of about 1700usd. I am looking at a 30m2 in usaquen at about 1500usdm2 so sounds too cheap by your figures
Colombia economy is stable and improving thanks to few changes on policies and government people besides Colombia resources , land , weather, food , water and so many are plenty plenty
Tenemos una ecomia interna muy potente, tenemos trucos, el problema es el cambio al dolar, solo con nuestra economía interna nos estamos volviendo como una potencia, ha mejorado la seguridad, ha bajado la pobreza, no es izquierda como tal es social democracia y el presidente está dominado por el pueblo, ya habia sido alcalde de Bogotá con excelentes resultados, una política sana debe variar entre izquierda y derecha sin dejar de funcionar, Bogotá es la Atenas Sur Americana!
Could Arcesio explain in the Colombian context why the same voters would choose a very left-wing president like Pietro but right wing municipal or state governments closer to home along with a right wing Congress?? Could Ladislas explain his personal feelings about his investing in Colombia in the unsure context?
@@TheWanderingInvestor Despite the fact that the previous president was not a leftist? Wasn't he popular? Anyway, the voters quickly changed their mind. Strange turn of events.
@@dovygoodguy1296 Colombia has a right wing government for a very long time and they made a mistake with Petro. Now I ask you why did USA elect Joe Biden. And why did canada choose Justin Trudeau? Waiting for an answer
You can't reasonably invest in cites relying and depending basicaly on gringos seeking girls and dating scene for capital appreciation let's be honest, it's not serious
@@TheWanderingInvestor ce facteur me ferait quand même peur que ça soit pour du buy to let investment ou du capital appreciation, une sorte de all-in sur du tourisme sexuel en fait. Ça fait un peu léger je trouve pour investir à des milliers de kms. Sinon super contenu, keep up the good work l'ami
the gringo squeeze is very real. I do very well in colombia, thailand, philippines, bali. All these old wealthy men needing women..its one of the biggest travel industries.
Not to mention oblivious to the intricate crime that far exceeds any other area of SA. Medellin is a crap shoot its not about phone theft and street robbers. Nevermind Cali, another level.
we have some mix feelings towards Colombia and its current political situation, there is a feel in the air about Colombians, investing outside. So this could be a good "opportunity" to invest, and probably see a better return on that investment, again it feels and looks like a risky situation.
DO NOT INVEST IN COLOMBIA...ESPECIALLY IN REAL ESTATE!!!! PEOPLE ARE NOT BUYING NOW DUE TO THE ADMINSTRATION!!!! IF YOU PURCHASE ON PLANNING ON RESELLING IN THE FUTURE, YOUR PROPERTY WILL SIT ON THE MARKET FOR UP TO 2 YEARS~!!!!!!!
The sad reality is that the real estate window is closing rapidly all over the world. The new book, The Bubble That Broke The Bank argues that the 2026 real estate crash will vaporize billions of dollars worldwide. The real estate crash will allow the real estate bubble to pop and created a vast desert in Columbia.
DO NOT BUY IN COLOMBIA!!!!!! REAL ESTATE IS NOT AN INVESTMENT HERE!!!! I've lived here for the past 4 years and have been visiting for 23 years. THIS IS NOT THE BOTTOM!!!! YOU WILL LOOSE MONEY!!!!!
Pure lies! I have a lot of family who bought properties in Colombia and would all make a great profit if they sell. One bought a new condo at 120k in 2019 then sold it at 290k last year to buy a better one in a better location in Cartagena.
@@LeGreatReySteventhat’s one anecdote. The colombian real estate market is not liquid. I’ve studied it for years. So many properties sit on the market for many years waiting for a legit buyer.
Look forward to seeing what you find in Argentina. My friend and I are planing a trip there soon also to look at real estate.
Colombia economy is stable and improving so future looks great
Dafuq. I own a business here. We are stagnant right now. Economy didnt even clip 1% growth last quarter.
@@alr6111 people are delusional. iimagine spending 4000sqm.
2 years the Colombian economy is decreasing, What stability are you talking about?
classic comment from an idiot who doesn't have a clue
The municipality of Chia at the outskirts of Bogota is a great place to invest and live.
Ese basurero se esta volviendo bogota
Bogotá does not have a stable water supply. The city turns water off for entire district in rotation. Every so many days, the city turns off your water at 8AM for 24 hours. It's manageable, but if it is already like that, it could worsen. Until they dig another reservoir, this city is no-go for purchasing property.
Sir, do not misinform; the water rationing has already passed. Today, the reservoirs are at 100 percent capacity, and if you come to Bogotá, it is likely to rain every day until January. Bogotá is a very viable city; new homes and shopping centers are being built every day, and the first metro line will be operational in two years.
@@LuisPache-tn4le I live in Bogota. Water rationing is ongoing. Water was off in my sector 2 days ago. You are a fraud.
@@LuisPache-tn4le it hasn't passed wtf you talking about im here its still going on
I was buying a condo in Colombia then when i found out im only able to obtain a one year visa i decided renting is better. I alway thought when buying real estate in colombia a five year visa was issued. They should definitely go back to the five year investment visa because it will attract way more buyers.
Yes, it’s unfortunate they removed this residency option.
The numbers are not there in Bogota. your rent will be too low to get a return value.
Always learn something new and find it interesting😊
If we are measuring bottoms in terms of dollars then the bottom was 2022 when it was 5000 pesos to the dollar. Colombia real estate has been up 20% in terms of dollars since that bottom. Currently, Bogota has been suffering from a water shortage. They are doing water rationing in a place where rain is abundant. It’s a joke of a city. Worst traffic in the world. Very rare for a capital city like this to not have a train system, There’s quality people and restaurants here and the mountain views are nice. Airbnb deals are abundant. No incentive to deal with Colombian bureaucracy.
Thank you, interesting video, I have to go there now
Good video, thanks for the breakdown 🔥
It's an interesting market, maybe the city itself just isn't interesting enough. Considering the local alternatives, just the climate alone is on the lower end of attractiveness and the infrastructure isn't coping very well either. I have the gut feeling that this market won't pick up for a long time, but it might indeed be near the bottom.
the climate is great. Never need AC or a heater. It's perfect.
Can you ask how much under asking price in percentage terms deals in the luxury market are closing at? For example if the asking price is $300,000 is the transaction price closer to $200,000 (33% below ask) or $250,000 (25% below ask) etc. Great video as usual.
You can negociate up to 5-10% typically if the initial asking price is fair
Thank you for the fast reply.
Do not purchase unless you are in country for longer that 2 years. Real estate is not a good investment in Colombia. Especially the high end. Anything over $80,000US will take 1-2 years to sell. When you are ready to purchase, ask for 30-50% below asking price. I live here and my wife and her family work in the banks, so they are well aware of what to do. You will need to talk to 30-40 sellers before one accepts. Do NOT trust the wandering investor....you will overpay!!!!
@@kam_abroadright, wait 2 years and pray the new socialist party doesn’t tax you 50% when you try to move that money away from Colombia. Pray that the peso - which has already devalued numerous times - stays competitive with major global currencies after you get bent over on taxes and conversion fees. It’s a fine place to rent and do digital business on tourist visa.
@@dgrolfeFACTS
These schemes and scams are eye oppening. Thank you and god bless you sir!
Does Colombia have a CBI or fast track citizenship program?
Unfortunately not
I rent out rooms in Panama. What I have noticed this year is that there is an increasing number of Colombians arriving with the intention to leave their country. This week I had two looking for a room. I like Colombia a lot and it is worrying.
The US border is open. It’s an obvious choice for people to want to go there.
No puedes comparar nunca en la vida la calidad de vida de Bogotá con la de panama, Bogotá es mil veces más desarrollada, un poco de investigación a fondo (q además aquí es necesaria) Nunca cae mal!
@@demillosnadamas Refieres a mi comentario? No he comparado Bogota con Panama. A mi encanta Bogota. Es que hay gente que no ven futuro para su mismo y se van. Cada lugar tiene sus cosas buenas y malas.
@@DerPanamaKanal Ah ok pense que eras de panama hablando mal de Bogotá 😂
@@demillosnadamas mkn bogota para nada es desarollada. 😂
You said from 2000usd square meter in nicer areas, it's seems to me to more like 1000usd to maximum of about 1700usd.
I am looking at a 30m2 in usaquen at about 1500usdm2 so sounds too cheap by your figures
Very small space.
Quick one: aren't you over dispersed across the globe? How do you manage all of it, isn't it too expensive then having 3 countries maybe?
For sure he is
@@kingofmambo I've asked Lad the same question. He says he has good management services. But we will admit he is a very special person on UA-cam.
@@dovygoodguy1296 they are very good until they failed you
Property management in place and I don’t micro manage.
Colombia economy is stable and improving thanks to few changes on policies and government people besides Colombia resources , land , weather, food , water and so many are plenty plenty
Ud si tiene huevo, no?
Es una lastima que solo los ricos aprovechen de esos recursos
I live in Colombia, nice place to live but there is a lot of corruption at every level .
Why would Bogotà be cheaper than places like La Paz Bolivia or Quito Ecuador?
Exactly
@@TheWanderingInvestor I asked because you said Bogotà is the cheapest capital in Latin America? Even cheaper than Bolivia or even Ecuador now?
@@dovygoodguy1296 Cheaper than Quito yes. Bolivia I don’t know but is not comparable anyway
Tenemos una ecomia interna muy potente, tenemos trucos, el problema es el cambio al dolar, solo con nuestra economía interna nos estamos volviendo como una potencia, ha mejorado la seguridad, ha bajado la pobreza, no es izquierda como tal es social democracia y el presidente está dominado por el pueblo, ya habia sido alcalde de Bogotá con excelentes resultados, una política sana debe variar entre izquierda y derecha sin dejar de funcionar, Bogotá es la Atenas Sur Americana!
Jajajjaa que mentiroso jajajaja petro va caer nadie lo quiere @@demillosnadamas
Once again I think it’s great that you work with the vertically challenged.
Did you see how he held that laptop in one hand? He's a tall guy
Could Arcesio explain in the Colombian context why the same voters would choose a very left-wing president like Pietro but right wing municipal or state governments closer to home along with a right wing Congress?? Could Ladislas explain his personal feelings about his investing in Colombia in the unsure context?
They elected a left wing president, realized how crap he is, and voted a bit more reasonable at the next elections.
@@TheWanderingInvestor Why did they think it was such a good idea to elect Pietro?
@@dovygoodguy1296 Because people love promises of free stuff
@@TheWanderingInvestor Despite the fact that the previous president was not a leftist? Wasn't he popular? Anyway, the voters quickly changed their mind. Strange turn of events.
@@dovygoodguy1296 Colombia has a right wing government for a very long time and they made a mistake with Petro. Now I ask you why did USA elect Joe Biden. And why did canada choose Justin Trudeau? Waiting for an answer
You can't reasonably invest in cites relying and depending basicaly on gringos seeking girls and dating scene for capital appreciation let's be honest, it's not serious
General market: potential for capital gains
Gringos: yields in the meantime
They serve different purposes
@@TheWanderingInvestor ce facteur me ferait quand même peur que ça soit pour du buy to let investment ou du capital appreciation, une sorte de all-in sur du tourisme sexuel en fait. Ça fait un peu léger je trouve pour investir à des milliers de kms. Sinon super contenu, keep up the good work l'ami
the gringo squeeze is very real. I do very well in colombia, thailand, philippines, bali. All these old wealthy men needing women..its one of the biggest travel industries.
Not to mention oblivious to the intricate crime that far exceeds any other area of SA. Medellin is a crap shoot its not about phone theft and street robbers. Nevermind Cali, another level.
@@Zinctwentyone the two cities that really stand out in Latin America are Buenos Aires and Rio de Janeiro
we have some mix feelings towards Colombia and its current political situation, there is a feel in the air about Colombians, investing outside. So this could be a good "opportunity" to invest, and probably see a better return on that investment, again it feels and looks like a risky situation.
Not risk free for sure
DO NOT INVEST IN COLOMBIA...ESPECIALLY IN REAL ESTATE!!!! PEOPLE ARE NOT BUYING NOW DUE TO THE ADMINSTRATION!!!! IF YOU PURCHASE ON PLANNING ON RESELLING IN THE FUTURE, YOUR PROPERTY WILL SIT ON THE MARKET FOR UP TO 2 YEARS~!!!!!!!
You’d have to be on drugs to invest in Colombia and I’m Colombian. If you feel that you need to live there rent.
or have money to launder.....or buy a property for brag with girls as the channel guy did
If there is a far left president, I am not interested. C'mon, what are you thinking.
i know, its glaringly ov=obvious what they do around the world. almost immoral to be promoting this
What is ur problem
Exacto de alguna forma ese presidente de izquierda va a tratar de robarte la inversión que vos hagas hoy
@@peregrimus read my comment: "far left". So tell me what is right about this.
Es social democracia no extrema izquierda, demasiada TV
The sad reality is that the real estate window is closing rapidly all over the world. The new book, The Bubble That Broke The Bank argues that the 2026 real estate crash will vaporize billions of dollars worldwide. The real estate crash will allow the real estate bubble to pop and created a vast desert in Columbia.
DO NOT BUY IN COLOMBIA!!!!!! REAL ESTATE IS NOT AN INVESTMENT HERE!!!! I've lived here for the past 4 years and have been visiting for 23 years. THIS IS NOT THE BOTTOM!!!! YOU WILL LOOSE MONEY!!!!!
I’m curious, can you explain why do you say this?
Pure lies! I have a lot of family who bought properties in Colombia and would all make a great profit if they sell.
One bought a new condo at 120k in 2019 then sold it at 290k last year to buy a better one in a better location in Cartagena.
@@LeGreatReySteventhat’s one anecdote. The colombian real estate market is not liquid. I’ve studied it for years. So many properties sit on the market for many years waiting for a legit buyer.
@@Lex_Lugar Ya, that's probably true because some properties are just too expensive for most people who live in Colombia.
This guy looks like a pencil
Jajaja que inglés malo
At this point investing in Colombia is = a Venezuela. If that sounds good have at it.
bogota LOL