Bogotá Real Estate Snapshot (watch this before buying) (2017)

Bogotá Real Estate Snapshot (watch this before buying) (2017)


[Music] [Music] [Music] you [Music] this morning the mayor’s office the Bogota released in 2017 real estate census today I thought I’d talk through some of the key points that I saw in the report and what better place to do it then on the roof of the building we’re about to renovate overlooking Marisa so the first thing to notice if you own real estate in Bogota over the past year its increased in value about 9.8 percent so that’s all types of real estate but it is higher than the inflation rate so if you do own real estate your your the value of your property has increased in the last year there’s been 6.8 million square meters added constructed in Bogota now where did those meters go take a look at the map only two percent of all new construction and bullet are in the tsuba area you’ve got a lot of strata three strata for that’s going in there so second place mezuzah ken all the way from Calle 102 kg a 220 you’ve got a lot of new construction going in there especially towards those northern areas whether it’s still some room left Bill Chappell Neto although I had a you know a small part of the new construction coming in it had a lot of demolish there is actually the locality with the second largest amount of demolition in the previous year about 15% of all demolition but without was happening in Sapa Neto and a lot of that is happening about ten blocks that way on 58 and Caracas a little cluster of older real estate that’s falling apart and being redeveloped okay so that’s you know that’s 35 percent of all new square meters going towards north and going towards the west ninety-five percent of visitors to Bogota desire to stay in the area that we like to call the Golden Triangle so the three points to that triangle are one the 93 unity zona G number two the Centro Candelaria Centro International and then number three you’ve got the Selita Rea u.s. embassy area the multinational offices along the KJ 26 that’s where we find that 95% of visitors to Bogota want to stay so we because we operate on the short-term furnished rental market we need to identify areas that we can rent to visitors to Bogota interestingly enough inside that Golden Triangle La Candelaria for example it only got one point four percent of the new meters added to the width up to taquito it only got one point four percent added to the new new meters members Barrios una dos a little bit larger a 2.4 percent counting to Tsukiji la candelaria Barrios Unidos and Chapa narrow you’ve got less than 10 percent of the new meters editable with hop why because all of the easy to develop block already developed that’s why when we found this building had a very small footprint about 240 square meters it didn’t make sense for a developer to demolish 4 storeys and build six storeys but for us to come in and renovate full stories into multiple short term rental units it makes sense but let’s talk residential 60% of all new I believe that 6:00 p.m. so in residential about 6:00 I’m vlogging here so in residential about 60% of all new residential properties went towards strata 3 in strata for now we’ve been talking about that for a while you get 80% of Bogota made up of the lower strata 1 2 & 3 let’s do a quick recap on what a straddle are in case you don’t already know but we thought has a strata system from 1 to 6 strata 1 our properties that are subsidized by the highest strata strata 6 is the upper class the upper upper class the properties they subsidize the lower strata strata stakes only makes up about six or seven percent of real estate in but with a very small portion so 80% of Bogota lives in straddles 1 2 & 3 Bogota you do have a very diverse wealth gap but because the economy is growing and the middle class is growing you’ve got quite a lot of people moving from strata 1 to 2 2 to 3 and 3 to 4 that’s a lot of pressure on these mills products and not that that sticks to the scent of new construction towards start a 3 & 4 is in response to that look at that hope you’re getting that so I hope that helps you understand what’s happening in this market we do generate our rental income through the domestic and international market not the local market but it is really important for us to understand what’s happening with the supply and the demand of property especially in the areas that we function in you’ve got 1 million more people coming to Bogota in the next 10 years at bogus our current density it’s got about half the land that it needs to provide living spaces for those people so there’s an upcoming shortage of of property in all areas especially the areas that are desirable to live in in general the most desirable areas to live in are still the inside that Golden Triangle there are some local areas of town that are becoming popular you’ve got you know budget car with with 170 that are really nice modern organized suburbs for the local market but in terms of the international and domestic demand not so much so as far as working Sun will really focus on chopper Netto especially this place right here chopper narrow central it’s where you have some pieces of land that are still available to be developed especially this part right here you still have a lot of two story or one story buildings that are falling to pieces and probably going to be redeveloped by the big constructors over the next few years it’s already the one of the most desired places for international visitors to stay because they can have great access to the central Candelaria as well as yours only cheese on the cheese on a G and all of the nightlife areas to the north so it makes sense for a lot of people to be right in the middle that’s why we’re focused there guys thanks for listening I want to do a question-and-answer episode I want to hear what questions you guys have for me let me know in the comment section below what questions I should answer in the next video and be sure to smash that like button smash smash the subscribe button – see you in the next one if you enjoyed that video my name is Pham I’ve been here in Colombia for seven years I’m part of a group of entrepreneurs that is completing passive real-estate investments and we’re stunning short-term rental units into the first decentralized to itself I’ll be making a lot more videos like this one so subscribe below and make sure to hit that notification valve

51 thoughts on “Bogotá Real Estate Snapshot (watch this before buying) (2017)

  1. ¿donde te ves dentro de 10 años? y ¿que extrañas de Australia?

  2. Tienen preguntas para mi sobre Bogota, Finca Raiz, quien somos o por que Colombia? Dejelo abajo para que los respondara!

    Got any questions for an upcoming Q&A episode? Let´s get to know each other.

  3. de todos los paises del mundo, ¿por que colombia?

  4. Whats the average net profit on these properties?

  5. ¿Como crees que será Bogotá en un futuro?

  6. Amazing insight! Thanks Sam!

  7. Haz pensado en finca raíz en los municipios cercanos a Bogotá? Yo creo que muchos extranjeros también buscan espacios lejos del bullicio de la ciudad y más en contacto con la naturaleza.

  8. Me gustan sus videos sam y veo q le estas disfrutando mucho tu juguetico ajjaj

  9. si alguien quisiese invertir contigo como se puede hacer?

  10. A couple of silly questions from this video…
    What do you mean by the domestic market? Which is the difference with local market?

    And for the next video, a hot topic question: What do you think could be better for Bogotá between elevated or underground metro system?

  11. por que dejaste australia

  12. ¿Qué le puedes ofrecer a la ciudad con tu tipo de negocio? ¿Qué es lo que más te gusta de esta hermosa ciudad? ¿Qué le falta a la ciudad para ser una mejor ciudad? Saludos

  13. que buen video!! saludos desde Montreal!!

  14. I am confused. Are you saying that people are now building in Suba? When I was in Bogota for 14 days I did a missions trip to Suba and it was basically dilapidated. It was like not even the strata one it was more like a strata zero. So what's going on there now?

  15. piensas en expandir la empresa a otras ciudades como Santa Marta, Cartagena, antioquia, eje cafetero, cauca, barranquilla.

  16. piensas comprar una finca como parte de ese "sueño colombiano" que dices?

  17. piensas quedarte en Colombia indefinidamente

  18. Honestly, I´ve never found this specific topic interesting. Somehow you´ve made it interesting, at least in my point of view, cheers mate.

  19. thanks mate for doing this, it is sad that no one else in Bogota of this kind of information.

  20. jajaj ding dong… Me encanta ver que hay un nuevo video tuyo, son geniales, mi pregunta es: A pasado por tu cabeza la idea de dejar Colombia e irte de nuevo a tu país de origen? y cual a sido la experiencia menos agradable en colombia?

  21. a las seis de la mañana y tú sin ningún saco, mira que te enfermas. 😂

  22. Tu negocio es el que le hace imposible a familias de clase media como la mía comprar una casa en el "Triangulo" donde están las mejores zonas para vivir.
    Te explico, pagamos ariendo en una casa de 3 habitaciones en Teusaquillo, nos encanta, pero la gente pide precios excesivos por vender ese tipo de casas, más de 1000 MILLONES DE PESOS sí 1.000.000.000, por una casa que en cualquier otra parte no pasa de 300.000.000, nosotros tenemos 300-400 millones pero no 1.000, la gente le pone ese precio a su casa porque empresas como la tuyas le pagan más por ese lugar que una familia Colombiana, como consecuencia los barrios que han sido residenciales durante los últimos 300 años, con una arquitectura impecable Colonial hoy son barrios fantasmas llenos de alquileres para turistas.

    El turismo está ahogando y marginando a la clase media Colombiana.
    No tengo nada en contra de ustedes, son personas inteligentes que se ganan la vida de la especulación, pero es triste ver como eso repercute negativamente a MILLONES de personas

  23. ¿Por qué no expandir el negocio hacia otros nichos mercado? Como los que buscan propiedades para pasar unos días en lugares que ofrezcan turismo de aventura, turismo religioso o naturalismo. Me refiero a lugares también muy solicitados durante todo el año como Mompox. Popayán, Barichara, Santa Fe de Antioquia, San Gil, Villa de Leyva, Mongui, El Socorro…

  24. nice facts. we have a couple of properties in Bucaramanga. Airbnb Is a good for renting?

  25. Great info Sam!

  26. G… day parcero. Me encantan sus videos, los veo todos, me encanta la cuestión inmobiliaria, Es muy gratificante ver que una persona extranjera tenga tanto conocimiento de nuestra ciudad, gracias a usted he aprendido a subir la cabeza cuando montó bici y veo la belleza que no me atrevía a mirar, gracias Sam espero conocerlo compartir impresiones no solo de TIPS también de cuestión inmobiliaria en zonas industriales, y buenos lances con el Tejo. Muy buen video Ding dong ding dong.

  27. bogota esta avanzando, se estan demoliendo viviendas en mal estado para darle paso a otras mejores, y se esta construyendo proyectos residenciales en muchas zonas de la ciudad lo cual mejora el aspecto y la calidad de vida de muchos!

  28. ¿Como piensas que va ser Bogota en el futuro?

  29. Hey! managing a fund for that, have an e-mail?

  30. Excellent, Sam.

  31. DOS cosas importantes que ud menciona la clase media colombiana esta creciendo, y un millon de personas mas viviran en Bogota en los proximos 10 años y apenas hay la mitad de tierra disponible para construir

  32. gringo's tejo cahallenge!!! My bet is for Sam … make your bets !!!!

  33. this is gold, keep up the great the work.

  34. Nice channel.. subscribed because of Marshall Powell Vlogs! (sub: 1326)

  35. No tenía ide adel concepto del triangulo dorado, pero tiene mucho sentido. Chapinero se ha vuelto una zona muy cool y Bohemia. El centro, sea como sea, siempre será el corazón de la ciudad y ahora está viendo gran renovación. La 26 es mi calle favorita de Bogotá y los lujosos edificos empresariales se suceden un tras otro y ciudad salitre es la zona mas residencial de toda la ciudad.

  36. Un pequeño detalle. El sistema de estratos no es solo en Bogotá. Se replica en toda Colombia.

  37. Hi I'm currently living in China but I have real estate in bogota in Calle 100 with Av Suba I was wondering could you add me on skype? I want to know what to do with my real estate. Do you an email or a website I could use to get in touch with you?

  38. Sam. I'm moving to Colombia in July. Interested in doing Commercial Real Estate. My family is in Cali. I want to learn what you do and apply it there. How do we do this?

  39. great video

  40. Great city shots Sam!..the more I watch your videos the more I want to go back to My Bogota. Great Job!

  41. Sam, very well researched! Promising future in Bogota.

  42. What would I expect to pay for rent per month in American dollars in the Golden Triangle?

  43. The view from up there behind you is awesome. ..sunset 😊👌

  44. hello Sam greetings from Bogota, I'm a subscriber of your channel. I want to ask you how can i keep in touch with you because there's an American engineer that works for Shell oil company and wants someone experienced to assist him to make serious investments in my country in real estate, agriculture and buildings turist so for that reason you were the first person i thought to contact. so I'll be waiting for your answer.

  45. Great topic to cover so please keep coverage on this subject ⭐⭐⭐⭐⭐

  46. Buenas tardes.
    Soy Colombiano y me interesa mucho la visión del extranjero que pueda ser objetivo sin ser negativo ni estigmatizarnos más.
    El video es muy interesante…agradezco pir favor responderme 2 preguntas:
    1- desde sus analisis…no existen riesgos de burbujas inmobiliarias? Supongo que si están invirtiendo es porque no lo hay?
    2- que piensan de la corriente que piensa que no es rentable financieramente comprar propiedad raiz?(personalmente no estoy de acuerdo)…dicen que es mejor arrendar y rotar cuando ya se quiera cambiar de lugar…
    Muchas gracias.

  47. Hola amigo Sam,

    Thanks for this great video and the rest of your blogs. Always sharing with friends and colleagues because you bring great information and overall very entertaining content. I was born in Puerto Rico and when I was 19 years old! decided to come to Tampa Bay, Florida and so far having a good time/life here. Now mid 40s and ready for the next move in life with the wife and she is from Cali, Colombia, so why not make that move to Colombia. Visited Colombia for the first time last summer and loved Bogota, Cali, Palmira, Tulua, Buga and other little towns around. But I was in loved with the Quindio region. Not sure if you have done any investigation similar to this video in that region and able to provide any inputs of that area when it comes to real estate. Any information will be really appreciated. Keep the good work and success to you my friend.

    Best regards,
    Carlos Rosa

  48. Hi Sam. Thanks for the videos. Good information. I am in Bogota with my girlfriend (she is from here) and we are looking at real estate. Are you able to provide a rough average return (Net Income / Capital Investment) per annum on renting out a 1-BR and a 2BR apartment? Also, is there anything you would do to manage the FOREX risk? For example, if I invested USD 100,000 5-years ago in Bogota property and I was to consider the USD / COP exchange rate over that time, then holding all other things equal; the picture presented makes me cautious. Cheers

  49. does it make cold in colombia

  50. Hi Sam, I'm interested in investing in real state in Bogotá in 2019. The catastro report for 2017-18 has already been published, would be awesome if you could post your analysis on this one!

Leave a Reply

Your email address will not be published. Required fields are marked *