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Living costs in Colombia on the whole are very reasonable compared to the vast majority of overseas markets and as a consequence the country is becoming more and more attractive to expats. Even though Colombia itself has a relatively checkered history and has had more than its fair share of controversy, there have been significant changes over the last decade or so. So what can you expect from a life in Colombia? The Colombian economy Before we begin to look at the cost of living in Colombia it is worth noting that GDP has increased dramatically over the last decade ranging from 2.2% in 2001 to a staggering 8.2% in 2007. By any stretch of the imagination these growth figures are very impressive and perfectly reflect the changing economy and the changing situation within Colombia. Even though the government is still having to use around 50% of GDP to service the country's massive debt pile there is still scope for investment within Colombia, both economically and socially. The country is very rich in natural resources and the export industry continues to grab the lion's share of the country's income with petrol, coffee, coal and gold very prominent in this area. Cost of property in Colombia While it is very difficult to state an average value of property in Colombia, because of the massive variations between different areas of the country, there is no doubt there has been significant real growth in this sector since the year 2000. Despite the fact that the credit crunch and worldwide recession hit home back in 2007 the market will probably continue to expand with real growth of 8.2% in 2009 - and many experts predicting this will continue for some time to come. It seems as though security issues and criminal activity had put off many investors prior to a significant change in government strategy which improved these particular areas. As a consequence it would appear that these changes literally opened the floodgates with foreign investors now more content with the local situation and the potential for capital growth in the short, medium and longer term. Living costs in Colombia Compared to for example New York city in the United States of America the cost of living in


Colombia is but a fraction with rental values around 87% less than New York City, the cost of restaurants around 65% less and food prices roughly half the cost of the Big Apple. It is also relatively cheap to dine out in Colombia and while utilities are a little more expensive than countries such as Mexico they are still well behind the leaders such as Panama. It is interesting to see that rental values, both in the city and out of city, are fairly similar suggesting that while there will be pockets of increased economic activity across Colombia these are not as strong as those seen in other areas of the world. Conclusion Colombia, like so many other countries in Central America and South America, has a reputation which very often precedes the real situation of today. If you're looking to potentially move to Columbia to start a new life you will be surprised at the standard of living, economic growth, prospects for the future and indeed the cost of living.

What is the Cost of living in Colombia?

Article Source: http://EzineArticles.com/?expert=Jose_Marc_Castro

==== ==== Learn how you can sometimes predict the future. If you knew what was going to happen into the near future, do you think you could become America's next millionaire?Let me help show you how I've been doing it for more than 20 years now. $5 per gal. gas is coming in 2012. Are you ready to set your own future goal's in life? Start today with a new career in your own home business? Visit this website. www.NewCareerJob.com ==== ====


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