Cartagena, Colombia's "Riviera" and charming UNESCO city, could be the largest real estate bubble in the world. And when it pops, there is very little visibility as to where the floor is. Cartagena could see price declines in excess of 50% in its "new Miami" - Boca Grande, and far greater in the old city of El Centro where prices have risen beyond the most insane logic.

Colombia these days commemorates the Palace of Justice Siege, a tragic event that occurred over November 6 and 7 1985 in Bogota. A defining event in the history of the country and for which after so many years, there remain no culprits. The siege demonstrates a sorrowful reality and proves that the respect of Human Rights in Colombia remains in its infancy.

Colombia Reports started one and a half years ago as a very basic weblog showing the news we felt was left out of the international media, but has grown out to be tColombia's main news source in English. It's time for a discussion about where we stand. Please let us know what you expect from us.