Colombia ‘blooming’

The Colombian property market is ‘one to watch’ over the next 5 years, claims one magazine…

In Forbes’ recent list of the world’s top 10 emerging locations, Colombia came in at number 10.

The magazine revealed: “Tensions along the Colombian border with Venezuela , and two years of home price softening, keep this housing economy from being a short-term pick.

“But assuming the Colombian economy can continue growing and its access to lending continues to bloom, it’s a good market to watch in the next five years.

“Inflation is at its lowest rate in decades, and foreign direct investments, particularly from the U.S. , continue to grow, with much of the money ending up in Bogotá.