Key information about House Prices Growth

• Colombia house prices grew 9.1% YoY in Dec 2024, following an increase of 10.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1998 to Dec 2024, with an average growth rate of 8.3%.
• House price data reached an all-time high of 19.2% in Sep 2007 and a record low of -4.0% in Sep 2000.

Graph and download economic data for Residential Property Prices for Colombia (QCON368BIS) from Q1 1989 to Q1 2025 about Colombia, residential, housing, and price.

Housing Index in Colombia increased to 150.38 points in the second quarter of 2025 from 147.29 points in the first quarter of 2025. This dataset provides - Colombia House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Prices for existing homes in Colombia rose gradually between 2006 and 2021. Bogota measured the highest house price increase, with an index value of almost *** as of December 2021. This means that since the base year of the index (1990), house prices increased by approximately ** percent. In Medellin, the index value during the same period was *****, or about ** percent increase since 1990.

In the third quarter of 2022, house prices in Colombia decreased by more than **** percent from the same quarter in 2021 when accounting for inflation. This was the third quarter in a row with a house price decrease. The largest drop in house prices was seen in the first quarter of 2022 at almost ***** percent.

The Latin American residential real estate market, valued at $477.77 million in 2025, exhibits robust growth potential, projected to expand at a compound annual growth rate (CAGR) of 8.32% from 2025 to 2033. This growth is fueled by several key factors. Rapid urbanization across major Latin American cities like Mexico City, São Paulo, and Bogotá is driving significant demand for housing, particularly apartments and condominiums. Furthermore, a growing middle class with increased disposable income is fueling demand for both affordable and luxury housing options. Government initiatives aimed at improving infrastructure and fostering economic development in various regions are also contributing to market expansion. The market is segmented by property type (apartments and condominiums, landed houses and villas) and geography (Mexico, Brazil, Colombia, and the Rest of Latin America), with Brazil and Mexico anticipated to represent the largest shares due to their larger populations and economies. While challenges such as economic volatility and fluctuating interest rates exist, the long-term outlook remains positive, driven by sustained population growth and ongoing investment in the sector by major players such as JLL, CBRE, MRV Engenharia, and others. However, the market faces some headwinds. Construction costs, particularly for materials, can be volatile and influence pricing. Regulatory hurdles and bureaucratic processes in some countries can slow down project development. Furthermore, ensuring sustainable and environmentally responsible construction practices is becoming increasingly important for developers to attract environmentally conscious buyers. Successfully navigating these challenges will be crucial for continued market expansion. The segment of landed houses and villas is expected to witness strong growth, albeit potentially at a slower pace than apartments and condominiums, driven by a demand for larger spaces and a preference for suburban living among higher-income demographics. The Rest of Latin America segment presents significant untapped potential for future growth as economies develop and infrastructure improves. Recent developments include: November 2023: CBRE, a prominent global consultancy and real estate services firm, unveiled its latest initiative, the Latam-Iberia platform. The platform's primary goal is to reinvigorate the real estate markets in Europe and Latin America while fostering investment ties between the two regions. By enhancing business collaborations and amplifying the visibility of real estate solutions, CBRE aims to catalyze growth in the sector., May 2023: CJ do Brasil, a subsidiary of multinational firm CJ Bio, completed its USD 57 million plant expansion in Piracicaba, 160 km from Brazil's capital. CJ Bio is renowned for its expertise in amino acid production. The expansion is projected to create 650 new job opportunities, and the investment also encompasses the establishment of residential, research, and development centers.. Key drivers for this market are: Increase in Population is Boosting the Residential Real Estate Market, Rapid Growth in Urbanization. Potential restraints include: Increase in Population is Boosting the Residential Real Estate Market, Rapid Growth in Urbanization. Notable trends are: Increase in Urbanization Boosting Demand for Residential Real Estate.

Content

• Id : Id of property
• l1 : Country
• l2 : Department
• l3 : City
• l4 : Zone
• l5 : Locality
• l6 : Neighborhood

The real estate transaction value in the real estate market in Colombia was modeled to be 12.53 billion U.S. dollars in 2024. Following a continuous upward trend, the real estate transaction value has risen by 5.21 billion U.S. dollars since 2017. Between 2024 and 2029, the real estate transaction value will rise by 2.13 billion U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Real Estate.

Real residential property prices Y-on-Y, percent change in Colombia, March, 2025 The most recent value is -2.33 percent as of Q1 2025, a decline compared to the previous value of 7.05 percent. Historically, the average for Colombia from Q1 1990 to Q1 2025 is 0.83 percent. The minimum of -12.69 percent was recorded in Q1 1999, while the maximum of 13.19 percent was reached in Q1 2007. | TheGlobalEconomy.com

The Latin American office real estate market, encompassing key nations like Brazil, Mexico, Colombia, and Chile, exhibits robust growth potential. Driven by expanding economies, increasing urbanization, and a burgeoning technology sector, the market is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5.5% from 2025 to 2033. Significant investments in infrastructure and a rise in foreign direct investment further fuel this expansion. However, economic volatility in certain regions and potential regulatory hurdles pose challenges. The market segmentation reveals Brazil and Mexico as leading contributors to overall market size, benefiting from robust economic activity and substantial corporate presence. Colombia and Chile also contribute significantly, with a growth trajectory closely linked to their respective economic performance and attractiveness to international businesses. While precise market sizing for 2025 is unavailable, leveraging the provided CAGR and assuming a 2024 market size of approximately $100 billion USD (a plausible estimate considering the scale of the economies involved), the market size for 2025 can be estimated to be around $105.5 billion USD. This growth is expected to continue, with further expansion fueled by the increasing demand for modern and sustainable office spaces, particularly in major metropolitan areas. Competition among major players like CBRE Group, Cushman & Wakefield, and local firms such as OAS S.A. and Andrade Gutierrez S.A., is intensifying, leading to innovation in design, technology integration, and sustainable building practices. The market is also witnessing increased adoption of flexible workspaces and co-working models, catering to evolving corporate needs. This demand for flexible solutions is likely to drive further investment and growth in specific segments of the market. Long-term prospects remain positive, though careful consideration of macroeconomic factors and localized market conditions is crucial for successful investment and strategic planning. The forecast period from 2025 to 2033 presents lucrative opportunities, particularly for companies offering innovative and sustainable solutions tailored to the specific needs of different markets within Latin America. Recent developments include: June 2022: Patria Investments ('Patria'), a global alternative asset manager, acquired VBI Real Estate ('VBI'), one of the top independent alternative real estate asset managers in Brazil, with approximately USD 75 Million in assets under management across both development and core real estate vehicles. The transaction is structured in two stages, the first of which entails the acquisition of 50% of VBI by Patria. The second stage, when closed, will lead to full ownership and integration of VBI to Patria's platform, January 2022: Brazilian real estate group SYN Prop e Tech has enlisted US firm Paul Hastings LLP and local firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados to sell its stake in a portfolio of office buildings in São Paulo to Canadian asset management fund Brookfield for 1.8 billion reais (USD 318 million).. Notable trends are: Demand for Grade-A Offices, Co-working Offices to Rise.

Latin America Real Estate Market is Segmented by Type (Office, Retail, Industrial, Logistics, Multi-family, and Hospitality) and by Country (Brazil, Argentina, Mexico, Chile, Colombia, Peru, and the Rest of Latin America). The market size and forecasts for all the above segments in value (USD billion).

Colombia Proptech and Real Estate Analytics Market valued at USD 1.2 Bn, driven by tech adoption, urbanization, and data analytics for transparent property management.

Most of the building surface area authorized in Colombia in 2024 was for the construction of apartments and houses. That year, there were *** million square meters authorized for commerce buildings. The permits for every other type of non-residential buildings amounted to less than a million squared meters. In 2023, most of the authorized construction area in Chile also was for housing.

Prices for newly built residential properties in Colombia rose gradually between 2006 and 2021, followed by a decrease in 2022. Bogota measured the highest house price increase, with an index value of almost 190 as of October 2022. This means that since 2006, the base year for the index, house prices increased by 90 percent. In Cali, the index value during the same period was 163.5, or about 64 percent increase since 2006.

Colombia - Selected residential property prices, Nominal, Index, 2010 = 100

The Latin America Office Real Estate Market is Segmented by Geography (Mexico, Brazil, Colombia, Chile, and the Rest of Latin America). The report offers market size and forecasts in values (USD billion) for all the above segments.

In the second quarter of 2024, Medellín experienced the highest average sales price for retail real estate among the major cities of Colombia. The average sales price of a retail property in Medellín was ***** million Colombian pesos per square meter. Interestingly, it also saw the highest rise in retail facility prices as compared to the second quarter of 2023, showing an increase of ** percent. Bogotá occupied the second position, with retail real estate costing an average of **** million Colombian pesos per square meter, showing a decrease of ** percent compared to 2023.

Graph and download economic data for Housing Inventory: Median Days on Market Year-Over-Year in District of Columbia (MEDDAYONMARYY11001) from Jul 2017 to Sep 2025 about DC, Washington, median, and USA.

Colombia GIHS: Employment: Metropolitan: Real Estate data was reported at 1,234.674 Person th in Dec 2019. This records a decrease from the previous number of 1,255.248 Person th for Sep 2019. Colombia GIHS: Employment: Metropolitan: Real Estate data is updated quarterly, averaging 923.674 Person th from Mar 2001 (Median) to Dec 2019, with 76 observations. The data reached an all-time high of 1,375.574 Person th in Dec 2017 and a record low of 0.000 Person th in Jun 2001. Colombia GIHS: Employment: Metropolitan: Real Estate data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.G033: Employment: by Sex and Industry: 2005 Household Survey: ISIC Rev 3.

Introduction

This Colombian Spanish Call Center Speech Dataset for the Real Estate industry is purpose-built to accelerate the development of speech recognition, spoken language understanding, and conversational AI systems tailored for Spanish -speaking Real Estate customers. With over 30 hours of unscripted, real-world audio, this dataset captures authentic conversations between customers and real estate agents ideal for building robust ASR models.

Curated by FutureBeeAI, this dataset equips voice AI developers, real estate tech platforms, and NLP researchers with the data needed to create high-accuracy, production-ready models for property-focused use cases.

Speech Data

The dataset features 30 hours of dual-channel call center recordings between native Colombian Spanish speakers. Captured in realistic real estate consultation and support contexts, these conversations span a wide array of property-related topics from inquiries to investment advice offering deep domain coverage for AI model development.

Topic Diversity

This speech corpus includes both inbound and outbound calls, featuring positive, neutral, and negative outcomes across a wide range of real estate scenarios.

Such domain-rich variety ensures model generalization across common real estate support conversations.

Transcription

All recordings are accompanied by precise, manually verified transcriptions in JSON format.

These transcriptions streamline ASR and NLP development for Spanish real estate voice applications.

Metadata

Detailed metadata accompanies each participant and conversation:

This enables smart filtering, dialect-focused model training, and structured dataset exploration.

Usage and Applications

This dataset is ideal for voice AI and NLP systems built for the real estate sector: