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CONTEXT

Bogotá is ranked as the sixth best city in Latin America to do business according to the América Economía magazine. Good corporate environment with an strategic location in the continent; there are currently more than 1,500 foreign companies in the city.

As the country is putting the past behind it with the end of the conflict, Colombia is looking to attract investors to help it rebuild its infrastructure ranging from airports and roads to ports and schools. The National Government housing program gives priority to displaced families and families that live in extreme poverty, the program intends to deliver 100 thousand homes by the end of 2018.

“Colombia’s largest bank Bancolombia  lowered the interest rates on its mortgage offerings by up to 150 basis points. According to the Medellín-based financial institution, this move means its rates now start at 0.76% monthly, or 9.6% on an annual basis. The bank said that these reduced rates apply for both new and used home financing, including mortgages offered under the Vivienda de Interés Social (VIS) program.” FINANCE COLOMBIA. 09/06/2017