Bogotá's Metro Hasn't Started Yet and It's Already Boosting Profits in Nearby Areas
A study by BogoTank, the applied research alliance between the Universidad de los Andes and ProBogotá Región, revealed how much land value in Bogotá has increased since the start of the Bogotá Metro construction.
TL;DR
- Land value near Bogotá's Metro stations has increased significantly.
- Properties near the first line saw an 11.7% value increase upon announcement and an 8.8% rise during construction.
- Areas near the planned second line show a projected 11.8% value increase before construction begins.
- The study was conducted by BogoTank, a research alliance between Universidad de los Andes and ProBogotá Región.
- Advanced econometric methods were used to isolate the metro's impact on land values.