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COLOMBIA INVESTMENT SUMMIT 2020- Real Estate
  • Colombia has 9 cities with more than 500,000 inhabitants and 37 with more than 250,000 inhabitants. In this segment there is an opportunity for new hotels in different categories (from economic to luxury), including brands focused on the young, corporate, holiday or senior market.
  • Colombia is the second most biodiverse country in the world, allowing people to easily find a climate and environment that suits their taste.
  • Colombia ranks #1 in Latin America and #22 out of the 190 countries in caring quality, surpassing Canada (#30) and the U.S. (#37). (World's Health Systems Ranking).
  • There are opportunities in the development of projects focused on second homes and the development of senior housing and Multifamily destined for rent in the main cities of the country. The cost of living in Colombia is 44% of the cost of living in USA.
  • Colombia has remained attractive for retailers, positioning in the 10th place of the Global Retail Development Index 2019.
  • According to the International Council of Shopping Centers, Colombia has one of the lowest rates of shopping center penetration in the Americas, accounting for just 12% of total retail sales. This presents a lot of opportunities as shopping center continue to boom, especially in Bogota.
  • The construction of new shopping centers has been supported by rising incomes and the arrival of international brands.
  • Bogota, Cali, Barranquilla and Medellin are considered cities with a significant student population that could require student housing spaces. A low supply for this type of housing, added to the high costs of renting apartments for small groups of university students, became a business opportunity for the real estate developers. (Labor observatory)