Bogotá, the capital city of Colombia, has undergone a radical transformation. In the 1990s, this jewel of a city sitting 8000ft above sea level in the Andes was considered to be a wild and dangerous place, but the Bogotá of today is almost unrecognisable: a popular tourist destination, an international cultural hub, and an exciting proposition for potential South American property investors.
Bogotá’s gritty past has been refined to fuel its ambition to create the perfect destination for gourmet party lovers looking for the next big thing. The once infamous Zona Rosa is now home to bars, clubs and live music venues – Colombians are well known for their love of live performance, which would account for the incredible variety of events which take place throughout the year in Bogotá. The city hosts an international book fair, a film festival, the ARTBO art event and a biannual theatre festival showcasing everything from free street performances to Broadway style shows.
Although the city has shaken off the bindings of its old reputation, its history hasn’t been smothered under these new initiatives. The national museum of Colombia is built in a colonial prison, bringing the past into sharp site-specific relief. The Cerro de Monserrate, a mountain in the very centre of Bogotá, also gives visitors a chance to see the extent of Bogotá’s redevelopment in all its glory. After reaching the top by funicular, you can gaze down on the city’s architectural legacy and developing structure, spread out beneath you as a living map.
Once you’ve worked up an appetite, it’s just a short journey north to Zona G to sample the area’s centres of culinary excellence. The once solely residential area is now interwoven with traditional Andean, tapas and fusion restaurants from internationally renowned chefs. Some of the most fantastic eateries can also be found at the Centro Andino – Bogotá’s luxury shopping mall, which features designers from around the world alongside domestic brands.
Bogotá is a city with its sights set high, and is already on the way to becoming a global sensation: TripAdvisor named it a Destination On The Rise for the Traveller’s Choice Awards 2013, and those looking to expand their portfolio and invest in an up and coming market would do well to investigate properties here – especially in La Candelaria. One of the most hotly tipped neighbourhoods, this historic quarter is a haven of often brightly coloured houses, full of original features and colonial flair. There are also modern builds, rubbing shoulders with gothic churches, housing cafes, restaurants and quirky hybrid galleries which offer other services, including hairdressing alongside their artwork.
The market is known to be robust, and is already popular with both buyers from Venezuela and the US and investors from Europe and England. If you want to take advantage of this burgeoning market, Engel & Vӧlkers can help guide you through every step of the buying process with our wealth of experience and expert advice. Visit our E&V site to see some of the beautiful properties we have available through our experienced agents.