The root farm is an option to consider before expectation of lower interest rates.
«It can also give the opposite effect, because sometimes the housing is devalued if it is next to a very congested point. But if you know the layout of a new metro line, you can find a space for a shopping center. These are opportunities and threats, «explains Roberto Cáceres, director of Colombia’s Colliers office.
The president of Fedelonjas, Maria Clara Luque, believes that this year the real estate market may be better than the past, it is expected a reduction in interest rates , which favors the mortgage loans. He adds that new housing prices have maintained their growth rate, while those of the used one advance slower, but they do not devalue. It estimates that in the country the houses are valued between 5% and 7% per year.
Photography of Jorge Mahecha
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Caceres adds that if the purchase is for lease, commercial real estate are better because you can get 0.7% of the monthly investment , while housing is 0.5% , but housing the long – term recovery may be greater Than in commercial premises.
Where yes
- In homes layer 3 and 4, which still have an unmet demand. They lease and sell easily and their prices are not inflated.
- In housing in Bogotá, as the city had a backlog of projects from the previous administration , which is now materializing.
- In Bucaramanga, which is a city that is positioning itself as a tourist and live with high occupancy hotels.
- Offices old and large spaces, which are falling vacant, as tenants spend some newer ones. That has forced the old ones to lower their prices. It is a medium-term investment (5 or 6 years).
- In warehouses and logistics facilities along the new 4G ways .
Where no
- Across the country avoid high specification offices, as there is excess supply in that niche. In Barranquilla there is a greater oversupply and for all types of offices.
- In Yopal, where many buildings were made by the oil boom and now no one to occupy.
41% less than 0.5% of GDP, 23% between 0.5 and 1% of GDP , 36% other value.
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