Housing Market Snapshot: Rents in Bogota, Colombia on the Rise!

    Apr 11, 2019 @ 08:11 PM / by Amber Chan

    Bogota MTM2

    Bogota, Colombia as seen during a recent AIRINC cost of living survey.

    Political Change and New Regulations

    The rental market is up in Bogota. The newly elected president’s tax cuts on corporations have led to more investment and more assignee arrivals, increasing demand for an already limited housing supply. In addition, sources said, rising property values have directly increased rental prices because of a Colombian law stating that rent must be no more than 1% of the total home price. Thus as home prices increase, rents may increase as well.


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    Want to learn more? The above excerpt is taken from Data Points, AIRINC's quarterly newsletter. Data Points brings you the latest updates from our Housing, Goods & Services, and Tax departments based on our expert international surveys, which are conducted by our global data collection team on-location.

    This quarter's cost-of-living surveys were conducted primarily in North America, Central and South America, the Middle East, Africa, and maritime Southeast Asia-Pacific. Click below to see more results from our recent surveys:

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    2019 Mobility Outlook Survey from AIRINC: Download now to gain insights into the future of Global Mobility!Our 2019 Mobility Outlook Survey confirms that 58% of firms are seeking ways to improve employee communications regarding the potential financial impacts of assignments/transfers.

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    Topics: Housing, Expatriate Housing, Data Points, Insights and Experience, Housing Assessment Tool, Bogota, Colombia

    Amber Chan

    Written by Amber Chan

    Born in Malaysia and educated in Hong Kong, Amber holds a Bachelor of Accounting and Finance from the University of Hong Kong. She is fluent in English, Mandarin, Cantonese, and Bahasa Malaysia. Amber joined AIRINC in 2017 and began as a cost-of-living surveyor. With the familiarity of data collection process, she then moved to the Analysis and Delivery team to facilitate client data projects and production. In her current role as a Client Engagement Manager, she has been serving clients across APAC, and is the client engagement lead for clients in Malaysia, Japan and Korea. Prior to joining AIRINC, she worked at PwC’s China Corporate Tax, providing tax compliance and consulting service to corporates in China and Hong Kong.