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.

The real estate transaction value in the real estate market in Colombia was modeled to be ************* U.S. dollars in 2024. Following a continuous upward trend, the real estate transaction value has risen by ************ U.S. dollars since 2017. Between 2024 and 2029, the real estate transaction value will rise by ************ 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.

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 147.29 points in the first quarter of 2025 from 142.37 points in the fourth quarter of 2024. This dataset provides - Colombia House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 *** as of October 2022. This means that since 2006, the base year for the index, house prices increased by ** percent. In Cali, the index value during the same period was *****, or about ** percent increase since 2006.

The Latin American residential real estate market, valued at $477.77 million in 2025, is projected to experience robust growth, driven by factors such as increasing urbanization, rising disposable incomes, and government initiatives promoting affordable housing. The market is segmented by property type (apartments & condominiums, landed houses & villas) and geography (Mexico, Brazil, Colombia, and Rest of Latin America). Brazil and Mexico, with their large populations and developing economies, are expected to dominate the market, contributing significantly to the Compound Annual Growth Rate (CAGR) of 8.32% projected from 2025 to 2033. Strong demand from millennials and growing tourism in key areas are also contributing factors. However, challenges remain, including economic volatility in some regions, fluctuating interest rates impacting mortgage affordability, and infrastructure limitations in certain areas. The competitive landscape includes both large national developers like Cyrela, MRV Engenharia, and Grupo Sadasi, along with international players like JLL and CBRE, creating a dynamic and evolving market. Significant growth opportunities exist within the affordable housing segment, catering to the expanding middle class. Further market expansion is anticipated through the development of sustainable and smart homes, reflecting growing environmental awareness and technological advancements. While regulatory hurdles and bureaucratic processes can present challenges, the long-term outlook for the Latin American residential real estate market remains positive, driven by the region's demographic trends and continued economic development. Strategic investments in infrastructure development and supportive government policies will be crucial in unlocking the market's full potential. Detailed analysis of specific countries within the region will reveal nuances in market performance, highlighting areas of exceptional opportunity or risk. This report provides a detailed analysis of the dynamic Residential Real Estate Market in Latin America, covering the period 2019-2033. With a base year of 2025 and a forecast period spanning 2025-2033, this in-depth study leverages historical data (2019-2024) to offer valuable insights into market trends, growth drivers, and challenges. Keywords: Latin America real estate market, residential real estate Latin America, Latin American housing market, Brazilian real estate, Mexican real estate, Colombian real estate, apartment market Latin America, condo market Latin America, real estate investment Latin America. 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: Accelerated Increase in Construction Costs. Notable trends are: Increase in Urbanization Boosting Demand for Residential Real Estate.

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.

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.

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.

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, currently valued at an estimated $XX million in 2025 (assuming a logical extrapolation based on the provided CAGR of >5.50% and market size XX), is poised for significant growth throughout the forecast period (2025-2033). Key drivers include robust economic growth in several Latin American nations, increasing urbanization leading to higher demand for commercial spaces, and the expansion of multinational corporations into the region. Furthermore, the rise of flexible workspaces and a focus on sustainable building practices are shaping market trends. Brazil, Mexico, and Colombia are expected to remain the dominant markets, although Chile and other countries in the region will also contribute to the overall growth. However, political and economic instability in certain countries, coupled with concerns about infrastructure limitations in some regions, pose significant restraints to market expansion. The segment analysis demonstrates a diverse landscape, with leading players such as Empresa ICA S.A.B. de C.V., Cushman & Wakefield, and CBRE Group competing for market share. The projected CAGR exceeding 5.50% indicates a consistent upward trajectory. While precise figures require detailed market research, the available data suggests substantial growth opportunities. The market will likely see increased investment in high-quality, technologically advanced office spaces catering to the evolving needs of businesses. Competition is expected to intensify, driven by both local and international players vying for market share. Strategic alliances, mergers, and acquisitions are likely to shape the competitive landscape over the coming years. Understanding the nuances of each national market within Latin America—accounting for unique economic, regulatory, and infrastructural factors—will be crucial for success in this dynamic sector. This comprehensive report provides a detailed analysis of the Latin America office real estate market, offering invaluable insights for investors, developers, and industry professionals. Covering the historical period (2019-2024), base year (2025), and forecasting to 2033, this study unveils the market's dynamics, trends, and future prospects across key regions including Mexico, Brazil, Colombia, Chile, and the Rest of Latin America. The report is crucial for understanding investment opportunities and navigating the complexities of this dynamic sector. Key drivers for this market are: Increasing geriatric population, Growing cases of chronic disease among senior citizens. Potential restraints include: High cost of elderly care services, Lack of skilled staff. Notable trends are: Demand for Grade-A Offices, Co-working Offices to Rise.

Comprehensive dataset of 62 Property investment companies in Colombia as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The Latin American condominiums and apartments market, valued at approximately $XX million in 2025, is experiencing robust growth, with a compound annual growth rate (CAGR) exceeding 5%. This expansion is fueled by several key drivers. Rapid urbanization across major Latin American cities like São Paulo, Mexico City, and Buenos Aires is creating significant demand for modern housing. Rising middle-class incomes and a growing preference for apartment living, particularly among younger generations, are further bolstering market growth. Additionally, government initiatives promoting affordable housing and infrastructure development are contributing to a positive market outlook. However, economic volatility in certain regions and fluctuations in construction material costs pose potential challenges. Market segmentation reveals strong activity in both production and consumption, with notable import and export activity reflecting regional trade dynamics. Price trends suggest a moderate increase in line with inflation and construction costs. Leading developers like Desarrollos Inmobiliarios Sadasi, MRV Engenharia, and others are actively shaping the market landscape through diverse projects catering to varied income segments. The forecast period (2025-2033) anticipates continued growth, driven by sustained urbanization and economic progress in select markets. While challenges such as regulatory hurdles and financing constraints persist, the overall market outlook remains optimistic. Strong performance is expected in Brazil, Mexico, and Colombia, which represent significant shares of the overall market. However, other countries in the region, such as Peru and Chile, are also exhibiting notable growth potential. Market analysis suggests opportunities for developers to focus on sustainable and technologically advanced housing solutions to meet the evolving preferences of consumers. A deeper understanding of local market dynamics and regulatory frameworks is crucial for navigating the opportunities and challenges within this rapidly evolving market. Recent developments include: December 2022: Casai, a tech-driven apartment rental company, is merging with Nomah, a rental company based in Brazil. The merger will create the largest short-term rental company in Latin America, with over 3,000 units in Brazil and Mexico., December 2022: Northmarq arranged the sale of two Albuquerque apartment communities. The assets were sold by ABQ Encore LLC and Uptown Horizon Apartments LLC to Crescent Sky Real Estate Partners' CS ABQ Encore and CA ABQ Uptown. ABQ Encore, located at 810 Eubank Blvd. NE has 129 residences divided into 331-square-foot studio units and 551-square-foot one-bedroom units.. Key drivers for this market are: Increasing Disposable Income and Middle-Class Expansion, Increased Awareness of Roofing Solutions. Potential restraints include: The presence of counterfeit or substandard roofing materials in the market poses a significant challenge, The roofing industry faces a shortage of skilled labor. Notable trends are: Increasing Sales of Apartments Driving the Market.

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.

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.

Comprehensive dataset containing 5 verified Real estate rental businesses in Colombia with complete contact information, ratings, reviews, and location data.

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.

The objective of this study was to measure the effect of the distance between homes and the stations of the integrated public transportation system in Medellín on home prices. The hedonic models used here were calculated using ordinary least squares (OLS) and two spatial econometric models: the spatial autoregressive (SAR) model and the spatial error model (SEM). The results obtained indicate that the stations of this transportation system have an impact on home prices depending on the income level of the district where they are located.

In 2019, used residential property in Colombia had a housing price index score of *****, up from ***** the year before. That same year, the number of financed residential units in Colombia added up to ******* units.

Chapinero was the most expensive locality for residential real estate in Bogota, Colombia in 2022. As of October 2022, the cost of residential real estate in this locality was almost ***** U.S. dollars per square meter. Ciudad Bolivar, on the other hand was the most affordable locality, with a square meter price of less than 1,000 U.S. dollars. The source differentiates ***** different types of housing: low-, mid- and high-end. The figures provided refer to the mid-end segment.