The capital of Colombia is Bogota and Spanish is the official language. More than 46% of the population lives below poverty line in Colombia, with around 17% categorized as extremely poor. In spite of such dire economic disparities, Colombia economy rose 8.2% in 2007, one of the highest among the Latin American nations. For several decades, the frequent clashes between the cocaine smugglers and the government had been forcing tourists, as well as foreign investors away from Colombia. Still, the situation had improved a lot in the recent years. Lonely Planet pointed out in 2006 that Colombia climbed to the top ten tourist destinations list. Ecotourism had been the thrust area of this tourism growth. This had been providing a significant impetus to the Colombia for sale and Colombia rentals in the past few years. » Read more: Colombia Real Estate Is Medium to Long-Term Investment Prospect

Peru is market-oriented developing economy, considered as a potential emerging market due to its stable political and economic conditions. The World Bank had classified Peru as Upper Middle Income Economy. Hence, the Peru listings are bound to develop in the coming decade, offering ample opportunities to international investors for reasonable returns on their investments in Peru. » Read more: Peru Real Estate Markets Are Strictly Long-Term Investments

The recent crisis in global credit markets has deeply moved the different sectors of real estate. Since the issue came from structured real estate finance products in the US sub-prime mortgage market, business analysts look and ask where and when the credit market crisis will strike next. The crunch has evidently made a negative effect on highly influenced real estate personalities, and the banks that granted them the loan, resulting in frozen or renegotiated loan commitments and in severe cases, forced sales. » Read more: Credit Crunch and Its Impact to Real Estate Industry

We are going to be leasing our new corporate headquarters. What are the differences between a net lease, a gross, lease, and a full-service lease?

These are all terms that are used to describe the manner in which services and expenses are paid in a landlord-tenant relationship. While the terms are used freely in commercial real estate transactions, there are actually no agreed-upon exact definitions of each. You should be concerned with the total cost of occupancy, so it is crucial to sort out what services are included in the rent, and incorporating the cost of those that are not. The following are the generally accepted definitions of these terms: » Read more: Net, Gross & Full Service Leases