Apartments in Colombia
Apartment prices generally relate to the geographical Zones, 1,2,3 or4, as used by the newspaper. Following are averages recorded during the first quarter of 2005. In converting Pesos to u.s. dollars the conversion rate used was: 1 u.s. dollar =2.3 mil Colombian Pesos. In addition to the above price guide, you should also consider expenses. Utility expenses relate to the Strata Number where the property is located. The government determined Strata range, is from Strata 1 to Strata 6, which is the most expensive area relating to utility charges. El Poblado and a number of other fine areas are located in Strata 6. The lower socio-economic areas are assigned lower Strata Numbers. Most agree that the strata system for monthly utility charges is fair because those who live in wealthy areas help support the costs of those who live in the poorer areas. While El Poblado is considered the most desirable area, by local standards, there are many others which are nearly equal and considered safe, such as: Laureles, Estadio, Conquistadores, Velodromo, Floresta, Belen La Palma, and Santa Monica. Generally, most foreign residents feel safe and comfortable living in Stratas 5 and 6 and some areas in Strata 4 are also safe, and sought after.