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Yes, the analysis of Bogotá's property market is included in our pack
Bogotá's real estate market offers diverse investment opportunities across neighborhoods with varying price points, amenities, and lifestyle factors.
From upscale areas like Zona Rosa and Chapinero to emerging districts like La Candelaria and Suba, each neighborhood presents distinct advantages for property investors and residents. Understanding rental yields, purchase prices, infrastructure quality, and living costs across different areas helps make informed decisions about where to buy or rent in Colombia's capital city.
If you want to go deeper, you can check our pack of documents related to the real estate market in Colombia, based on reliable facts and data, not opinions or rumors.
Zona Rosa and Chapinero command the highest rental prices at $800-1,500 monthly for one-bedroom apartments, while emerging areas like Suba offer affordable options starting at $300-500 monthly.
Purchase prices range from $1,200-2,000 per square meter in premium central districts to $600-900 per square meter in developing neighborhoods, with property appreciation averaging 4-6% annually over the past decade.
| Neighborhood | 1-Bed Rent (USD/month) | Purchase Price (USD/sqm) | Key Features |
|---|---|---|---|
| Zona Rosa | $1,200-1,500 | $1,800-2,000 | Upscale shopping, restaurants, nightlife |
| Chapinero | $800-1,200 | $1,400-1,700 | Cultural hub, universities, young professionals |
| La Candelaria | $400-600 | $800-1,000 | Historic center, colonial architecture |
| Suba | $300-500 | $600-800 | Residential, family-friendly, developing |
| Usaquén | $900-1,300 | $1,300-1,600 | Traditional charm, weekend markets |
| Engativá | $350-550 | $700-900 | Middle-class residential, good transport |
| Teusaquillo | $700-1,000 | $1,100-1,400 | Central location, parks, business district |
What's the average monthly rent for a one-bedroom, two-bedroom, and three-bedroom apartment in each neighborhood?
Rental prices in Bogotá vary significantly across neighborhoods, with premium areas commanding substantially higher rates than developing districts.
Zona Rosa leads the market with one-bedroom apartments renting for $1,200-1,500 monthly, followed by Chapinero at $800-1,200 and Usaquén at $900-1,300. These upscale neighborhoods attract expatriates and affluent locals seeking modern amenities and central locations.
Mid-range options include Teusaquillo ($700-1,000 for one-bedroom) and Engativá ($350-550), offering good value for money with decent infrastructure and transport connections. Budget-conscious renters can find affordable housing in Suba ($300-500) and La Candelaria ($400-600), though these areas may lack some modern conveniences.
Two-bedroom apartments typically cost 60-80% more than one-bedroom units, while three-bedroom properties command premium rates 150-200% above one-bedroom prices. Zona Rosa three-bedroom apartments can reach $3,000-4,000 monthly, making them comparable to luxury markets in other Latin American capitals.
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What's the average price per square meter to buy an apartment or house in each neighborhood?
Purchase prices in Bogotá reflect the city's economic stratification, with central upscale areas commanding premium valuations.
Zona Rosa tops the market at $1,800-2,000 per square meter, driven by high-end commercial development, luxury amenities, and strong rental demand from business travelers and expatriates. Chapinero follows at $1,400-1,700 per square meter, benefiting from its cultural appeal and proximity to universities.
Usaquén offers good value at $1,300-1,600 per square meter, combining traditional charm with modern infrastructure, while Teusaquillo provides central access at $1,100-1,400 per square meter. These neighborhoods represent solid investment opportunities with steady appreciation potential.
Emerging areas present attractive entry points for investors, with La Candelaria at $800-1,000 per square meter offering historic appeal and gentrification potential. Suba ($600-800) and Engativá ($700-900) provide affordable options for first-time buyers and rental property investors targeting middle-income tenants.
| Neighborhood | Apartment Price (USD/sqm) | House Price (USD/sqm) | Investment Grade |
|---|---|---|---|
| Zona Rosa | $1,800-2,000 | $2,200-2,500 | Premium |
| Chapinero | $1,400-1,700 | $1,800-2,100 | High |
| Usaquén | $1,300-1,600 | $1,600-1,900 | High |
| Teusaquillo | $1,100-1,400 | $1,400-1,700 | Medium-High |
| Engativá | $700-900 | $900-1,200 | Medium |
| La Candelaria | $800-1,000 | $1,000-1,300 | Emerging |
| Suba | $600-800 | $800-1,100 | Entry-level |
What's the average property tax and monthly utility costs per household in each neighborhood?
Property taxes in Bogotá are relatively modest compared to other major Latin American cities, typically ranging from 0.3% to 1.2% of assessed property value annually.
Premium neighborhoods like Zona Rosa and Chapinero face higher tax rates due to superior infrastructure and municipal services, averaging 0.8-1.2% annually. Mid-range areas like Teusaquillo and Usaquén typically pay 0.5-0.8%, while developing neighborhoods such as Suba and Engativá benefit from lower rates of 0.3-0.6%.
Monthly utility costs vary significantly based on apartment size, usage patterns, and neighborhood infrastructure quality. Premium areas average $80-120 monthly for electricity, water, gas, and building maintenance, while budget neighborhoods range from $40-70 monthly.
Internet and cable services add $30-50 monthly across all neighborhoods, with premium areas offering faster speeds and more reliable connections. Property management fees in upscale buildings can reach $100-200 monthly, while basic residential buildings charge $20-50 monthly for common area maintenance.
What's the average commute time to major business districts from each neighborhood, both by car and public transport?
Commute times in Bogotá vary dramatically based on transportation mode, time of day, and route efficiency.
Central neighborhoods like Zona Rosa, Chapinero, and Teusaquillo offer the shortest commutes to major business districts, averaging 15-25 minutes by car during off-peak hours and 20-35 minutes via TransMilenio and metro connections. These areas provide walking access to many corporate offices and financial centers.
Mid-distance neighborhoods like Usaquén require 25-40 minutes by car and 35-50 minutes via public transport to reach downtown business areas. Engativá benefits from good TransMilenio connectivity, with commutes averaging 30-45 minutes by public transport and 35-50 minutes by car.
Peripheral areas like Suba face longer commutes of 45-75 minutes by car and 60-90 minutes via public transport, though new metro extensions are improving connectivity. La Candelaria offers quick access to government offices and historic business districts but longer travel times to modern corporate zones.
Peak hour traffic can double these times, making public transport increasingly attractive for daily commuters despite longer journey times.
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How many public schools and private schools are in each neighborhood, and what are their average ratings?
Educational infrastructure varies significantly across Bogotá neighborhoods, with upscale areas offering superior private school options and better public facilities.
Zona Rosa and Chapinero host numerous international and bilingual private schools, with ratings averaging 8.5-9.5 out of 10. These neighborhoods attract expatriate families and affluent locals seeking premium education. Public schools in these areas also benefit from better funding and resources, averaging 7.5-8.5 ratings.
Usaquén and Teusaquillo offer good educational balance with 4-6 high-quality private schools per neighborhood and well-maintained public facilities rating 7.0-8.0. These areas provide excellent value for families seeking quality education without premium pricing.
Developing neighborhoods like Suba and Engativá rely more heavily on public education, with 2-4 private school options and public school ratings averaging 6.0-7.5. However, government investment in education infrastructure continues improving facilities and teaching quality in these areas.
La Candelaria presents mixed educational opportunities, with some excellent specialized schools focusing on arts and culture alongside standard public facilities.
What's the average crime rate per 1,000 residents in each neighborhood, and how has it changed over the past five years?
Crime rates in Bogotá have generally decreased over the past five years, though significant variations exist between neighborhoods.
Zona Rosa maintains the lowest crime rates at 12-18 incidents per 1,000 residents annually, benefiting from heavy security presence and active police patrols. Chapinero and Usaquén follow closely at 15-22 per 1,000 residents, with community policing initiatives contributing to safety improvements.
Central areas like Teusaquillo report moderate crime rates of 20-28 per 1,000 residents, while residential neighborhoods like Engativá and Suba experience 25-35 incidents per 1,000 residents. These areas have seen 15-20% crime reduction over five years through improved street lighting and community programs.
La Candelaria faces higher crime rates of 35-45 per 1,000 residents due to tourist-targeting theft and its proximity to transient populations, though gentrification efforts are gradually improving security conditions.
Overall, Bogotá's crime rates have decreased 18-25% citywide since 2020, with property crimes showing the most significant improvement across all neighborhoods.
What's the population density and average household size in each neighborhood?
Population density varies dramatically across Bogotá, reflecting urban planning patterns and housing types.
Central high-rise neighborhoods like Zona Rosa and Chapinero maintain densities of 15,000-20,000 residents per square kilometer, with average household sizes of 2.1-2.8 people. These areas attract young professionals, students, and small families preferring urban convenience.
Traditional residential areas like Usaquén and Teusaquillo show moderate densities of 8,000-12,000 per square kilometer with household sizes averaging 2.8-3.4 people. These neighborhoods balance urban amenities with family-friendly environments and larger living spaces.
Suburban developments in Suba and Engativá feature lower densities of 5,000-8,000 per square kilometer and larger household sizes averaging 3.2-4.1 people. These areas appeal to families seeking affordable housing and suburban lifestyle benefits.
La Candelaria presents unique characteristics with high density (12,000-15,000 per square kilometer) but varied household sizes (2.0-3.5 people) due to its mix of historic residences, student housing, and tourist accommodations.
What's the average air quality index and noise level in each neighborhood throughout the year?
Air quality and noise levels in Bogotá reflect the city's elevation, traffic patterns, and urban development intensity.
Zona Rosa experiences moderate air quality (AQI 55-75) due to heavy traffic but benefits from building height regulations that improve air circulation. Noise levels average 65-75 decibels during peak hours, reflecting its commercial and entertainment focus.
Residential neighborhoods like Usaquén and Suba enjoy better air quality (AQI 45-65) and lower noise levels (50-65 decibels) thanks to more green spaces and less commercial activity. These areas provide healthier living environments for families and elderly residents.
Central areas like Chapinero and Teusaquillo show mixed results, with AQI ranging 50-70 and noise levels 60-70 decibels depending on proximity to major avenues and TransMilenio stations.
La Candelaria faces air quality challenges (AQI 60-80) due to older infrastructure and limited green space, while noise levels vary significantly between quiet historic streets (45-55 decibels) and busy tourist areas (70-80 decibels).
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How many parks, gyms, and recreational facilities are within walking distance for residents of each neighborhood?
Recreational infrastructure varies significantly across Bogotá neighborhoods, with upscale areas offering superior facilities and accessibility.
- Zona Rosa: 8-12 gyms, 3-4 parks, numerous restaurants and entertainment venues within 10-minute walking radius
- Chapinero: 6-10 gyms, 4-6 parks including cultural spaces, multiple recreational centers within walking distance
- Usaquén: 5-8 gyms, 6-8 parks, weekend markets, traditional recreational facilities easily accessible
- Teusaquillo: 4-7 gyms, 5-7 parks including Simón Bolívar, sports facilities and recreational centers nearby
- Engativá: 3-5 gyms, 4-6 parks, community centers and local recreational facilities within reasonable distance
Premium neighborhoods provide 24-hour gym access, private clubs, and well-maintained parks with security. Mid-range areas offer good public facilities and growing private sector options, while developing neighborhoods rely more on community centers and public recreational spaces.
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What's the average cost of groceries and dining out per month for a typical household in each neighborhood?
Living costs vary significantly across Bogotá neighborhoods, reflecting local income levels and business operating costs.
Premium areas like Zona Rosa and Chapinero see grocery costs averaging $400-600 monthly for a typical household, with imported products and specialty items readily available. Dining out adds $300-500 monthly for regular restaurant visits, with high-end establishments and international cuisine driving costs up.
Mid-range neighborhoods like Usaquén and Teusaquillo offer more affordable options, with grocery costs averaging $300-450 monthly and dining expenses of $200-350 monthly. These areas balance quality and value, offering diverse food options without premium pricing.
Budget-friendly areas like Suba and Engativá see grocery costs of $200-350 monthly and dining expenses of $150-250 monthly. Local markets, neighborhood restaurants, and street food provide affordable alternatives to upscale dining.
La Candelaria presents unique dynamics, with tourist-area restaurants charging premium prices while local markets offer budget-friendly grocery options, averaging $250-400 monthly for groceries and $180-300 for dining out.
What's the average internet speed and monthly cost for high-speed plans in each neighborhood?
Internet infrastructure quality correlates strongly with neighborhood development levels and economic status in Bogotá.
Premium areas like Zona Rosa and Chapinero enjoy fiber optic coverage with speeds reaching 100-300 Mbps for $40-70 monthly. These neighborhoods receive priority infrastructure investment and maintain reliable connectivity for business and residential users.
Established residential areas like Usaquén and Teusaquillo typically access 50-150 Mbps speeds for $30-55 monthly, providing adequate service for most household needs including remote work and streaming entertainment.
Developing neighborhoods like Suba and Engativá see improving infrastructure with 25-100 Mbps speeds available for $25-45 monthly. Recent government and private sector investment continues expanding high-speed access to these areas.
La Candelaria faces mixed connectivity due to historic building constraints and infrastructure challenges, with speeds ranging 20-80 Mbps and costs averaging $30-50 monthly depending on specific location and provider availability.
What's the historical property value appreciation rate for each neighborhood over the past 10 years?
Property value appreciation in Bogotá has varied significantly by neighborhood, reflecting economic development, infrastructure investment, and demographic shifts.
Zona Rosa leads appreciation at 6-8% annually over the past decade, driven by commercial development, international business growth, and continued gentrification. Chapinero follows closely at 5-7% annually, benefiting from cultural appeal and university proximity attracting young professionals.
Usaquén and Teusaquillo show steady appreciation of 4-6% annually, providing reliable investment returns through balanced residential and commercial development. These neighborhoods offer stability with moderate growth potential.
Emerging areas present varied performance, with La Candelaria showing 3-5% appreciation as gentrification efforts gradually improve property values. Suba and Engativá demonstrate 2-4% annual appreciation, reflecting steady middle-class development and infrastructure improvements.
Overall, Bogotá property market appreciation has outpaced inflation by 2-3% annually, with premium neighborhoods consistently delivering superior returns for long-term investors.
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Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Bogotá's real estate market offers diverse opportunities across neighborhoods catering to different investment strategies and lifestyle preferences.
Premium areas like Zona Rosa and Chapinero command higher prices but provide superior amenities, rental yields, and appreciation potential, while emerging neighborhoods offer affordable entry points with development upside.