Bogota, Colombia - August 30, 2010 -- International Real Estate Listings.com was keenly watching and analyzing the real estate in Colombia for the last two decades. With the internecine wars between cocaine smugglers and the government coming to an end and the growth rate of Colombia being quite impressive, International Real Estate Listings.com decided to launch a separate website to assist the Colombia property owners, real estate agents, and developers in selling, renting, or exchanging their properties in the Colombian and international real estate markets. It came as no surprise that the Colombia real estate stakeholders responded immediately in large numbers to utilize the golden opportunity provided by the new website. They have been opening accounts and posted multiple listings of properties to get local and international exposure for profitable deals without the hassle of middlemen.
The Republic of Colombia is situated in the northwestern region of South America. Colombia is the second largest country in South American after Brazil and the fourth largest in Latin America in economic terms. Bogota is the capital of the country and the official language is Spanish. Official data reveal that around 46% of the population has been estimated to live below poverty line, with about 17% classified as extremely poor. Still, the recent economic growth of Colombia has been quite impressive, with the rate rising to 8.2% in 2007. The growth rate has been among the highest in Latin American countries. The frequent wars between the government and the cocaine warlords have been discouraging tourists and foreign investors for several decades but the situation has changed at present. In 2006, Lonely Planet ranked Colombia among the top ten tourist destinations in the world. The ecotourism industry has been thriving enormously in recent times, providing indirect boost to the Colombian real estate market development and international real estate investment in Colombia.
The analysis of the Colombian real estate market was done by the veteran international real estate specialist, Mr. Taylor White, PHD, who has create, a global platform to bring together property holders, developers, agents, and international real estate investors together. His aim was to cut across the linguistic, economic, and cultural barriers between various countries and facilitate real estate transactions across borders. During our discussion with him, Mr. White stressed that the launch of the new website for Colombia was an important stride in his efforts to integrate the global real estate industry. He revealed the major features of the website in promoting Colombia real estate listings, Colombia real estate for sale, Colombia rentals, and enabling international property transactions and exchanges.
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