Key information about House Prices Growth

• Colombia house prices grew 9.5% YoY in Sep 2025, following an increase of 10.0% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1998 to Sep 2025, with an average growth rate of 9.7%.
• House price data reached an all-time high of 19.2% in Sep 2007 and a record low of -4.0% in Sep 2000.

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 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.

USD 5.12 Billion in 2024; projected USD 8.95 Billion by 2033; CAGR 6.4%.

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.

Discover the booming Latin American residential real estate market! This in-depth analysis reveals a $477.77M (2025) market with an 8.32% CAGR, driven by urbanization and economic growth. Explore key trends, challenges, and top players in Mexico, Brazil, Colombia, and beyond. Invest wisely with our comprehensive market insights. 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.

Colombia Real Estate Software Market is expected to grow during 2025-2031

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.

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.

Discover the booming Latin American condominiums and apartments market! This in-depth analysis reveals a CAGR exceeding 5%, driven by urbanization and rising incomes. Explore market size, key players (Sadasi, MRV Engenharia, etc.), regional trends, and future projections through 2033. Invest wisely in this dynamic real estate sector. 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.

Discover the booming Latin American commercial real estate market! Our analysis reveals a CAGR exceeding 4%, driven by urbanization and e-commerce. Explore key segments, top developers, and regional trends shaping this dynamic sector from 2019-2033. Invest wisely! Recent developments include: November 2022: Colliers CAAC, a regional holding company that currently holds exclusive sublicenses for Central America, the Caribbean and certain Andean countries from Colliers International, announced the acquisition of a Costa Rican real estate consultancy., January 2022: Colombian real estate startup Habi backed by SoftBank Group. acquired Mexican rival OKOL.. Notable trends are: Recovery in Premium Office Segment Boosting Commercial Real Estate Market in Latin America.

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.

The Latin America Residential Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Apartments & Condominiums and Villas & Landed Houses), by Price Band (Affordable, Mid-Market and Luxury), by Mode of Sale (Primary New-Build, and More), and by Country (Brazil, Mexico, Colombia, Argentina, Chile, and the Rest of Latin America). The Market Forecasts are Provided in Terms of Value (USD).

The Latin America Commercial 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 Registered Job Vacancy: by Sector: Real Estate Activities data was reported at 2,708.000 Job in Nov 2023. This records a decrease from the previous number of 3,330.000 Job for Oct 2023. Colombia Registered Job Vacancy: by Sector: Real Estate Activities data is updated monthly, averaging 987.000 Job from Jan 2015 (Median) to Nov 2023, with 107 observations. The data reached an all-time high of 3,330.000 Job in Oct 2023 and a record low of 345.000 Job in Apr 2020. Colombia Registered Job Vacancy: by Sector: Real Estate Activities data remains active status in CEIC and is reported by Special Administrative Unit of the Public Employment Service. The data is categorized under Global Database’s Colombia – Table CO.G068: Registered Job Vacancy.

The Latin American residential construction market exhibits robust growth potential, projected to reach a market size of approximately $XX million by 2025, growing at a Compound Annual Growth Rate (CAGR) of 4.50% from 2025 to 2033. This expansion is driven by several key factors. Increasing urbanization across the region fuels demand for affordable and luxury housing, particularly in rapidly developing cities. Government initiatives focused on infrastructure development and affordable housing programs further stimulate market activity. Moreover, rising disposable incomes and a growing middle class are enhancing purchasing power, enabling more individuals to invest in homeownership. However, economic volatility, fluctuations in construction material prices, and regulatory hurdles pose challenges to sustained growth. The market is segmented by housing type (e.g., apartments, single-family homes), location (urban vs. rural), and price range. Key players in the market, such as Somague-Engenharia S.A., Constructora VDZ SpA, and Besalco S.A., are strategically focusing on sustainable construction practices and technological advancements to enhance efficiency and appeal to environmentally conscious consumers. The market's future hinges on effectively addressing these challenges while capitalizing on the favorable demographic and economic trends. The competitive landscape is marked by both large multinational corporations and regional players, each employing diverse strategies to gain market share. Competition is intense, with companies focusing on differentiation through specialized services, innovative construction techniques, and targeted marketing campaigns. Emerging trends include the increasing adoption of prefabricated construction methods, the growing importance of green building standards, and the integration of smart home technologies. The historical period (2019-2024) likely saw fluctuating growth rates depending on regional economic conditions and specific policy changes, providing a baseline for understanding the market's trajectory leading up to the projected growth in the forecast period. The continued success of the Latin American residential construction market depends heavily on maintaining macroeconomic stability, ensuring access to financing, and adapting to evolving consumer preferences. Key drivers for this market are: 4., Increasing demand for green construction to reduce carbon footprint4.; Introduction of technology for manufactruing the of building construction material. Potential restraints include: 4., High cost of purchasing the equipment for development and manufacturing of various construction material. Notable trends are: Social Rental Drive.

Colombia CO: Total Employment: Annual Growth: Non Agriculture Business Sector excluding Real Estate data was reported at 8.360 % in 2022. This records a decrease from the previous number of 9.530 % for 2021. Colombia CO: Total Employment: Annual Growth: Non Agriculture Business Sector excluding Real Estate data is updated yearly, averaging 0.210 % from Dec 2016 (Median) to 2022, with 7 observations. The data reached an all-time high of 9.530 % in 2021 and a record low of -10.140 % in 2020. Colombia CO: Total Employment: Annual Growth: Non Agriculture Business Sector excluding Real Estate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Colombia – Table CO.OECD.PDB: Employment: by Industry: OECD Member: Annual.

The Latin American home mortgage finance market, valued at approximately $XX million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.00% from 2025 to 2033. This growth is fueled by several key drivers, including increasing urbanization, rising disposable incomes across various socioeconomic segments, and government initiatives aimed at boosting homeownership rates. Furthermore, the expansion of the formal financial sector and the availability of innovative mortgage products, such as adjustable-rate mortgages catering to diverse financial profiles, contribute to market expansion. However, economic volatility in certain Latin American nations and fluctuating interest rates pose significant challenges. The market is segmented by mortgage type (fixed-rate and adjustable-rate), loan tenure (ranging from under 5 years to over 25 years), and geography, with Brazil, Chile, Colombia, and Peru representing significant market shares. Competition is intense, with major players including Caixa Economica Federal, Banco do Brasil, Itaú, Bradesco, Santander, and others vying for market dominance. The market's future trajectory hinges on managing economic instability, maintaining affordable interest rates, and continuing to improve access to credit for a broader range of borrowers. The segment analysis reveals that fixed-rate mortgages currently dominate the market, though adjustable-rate mortgages are gaining traction due to their flexibility. Longer-tenure mortgages (11-24 years and 25-30 years) are increasingly popular as borrowers seek more manageable monthly payments. Geographically, Brazil holds the largest market share, reflecting its substantial population and relatively developed financial sector. However, Chile, Colombia, and Peru are showing promising growth potential, driven by improving economic conditions and increased government support for housing initiatives. The Rest of Latin America segment offers considerable untapped potential. Continued economic development and infrastructure improvements in these regions will be instrumental in further propelling market growth in the coming years. A focus on financial literacy and responsible lending practices will be essential for sustainable market development and to mitigate potential risks associated with rapid expansion. Recent developments include: In August 2022, Two new mortgage fintech start-ups emerged in Latin America: Toperty launched in Colombia and Saturn5 is about to launch in Mexico. Toperty offers to purchase a customer's new house outright and provides a payment schedule that allows the customer to purchase the house while renting it from the business. Saturn5 wants to give its clients the skills and resources they need to buy a house on their own., In August 2022, During a conference call on August 5, Brazilian lender Banco Bradesco SA startled analysts by reporting an increase in default rates in the second quarter of 2022. The average 90-day nonperforming loan ratio for Bradesco, the second-largest private bank in Latin America, increased by 30 basis points. Delinquency in the overall portfolio increased to 3.5% from 2.5% and 3.2%, respectively, in the first quarter.. Notable trends are: Increase in Economic Growth and GDP per capita.

Snapshot img { margin: 10px !important; } AI In Real Estate And Construction Market Size 2025-2029

The ai in real estate and construction market size is forecast to increase by USD 15.1 billion, at a CAGR of 29.1% between 2024 and 2029.

The global AI in real estate and construction market is defined by the urgent need to enhance productivity and operational efficiency. The industry is leveraging ai builder tools and solutions for ai in project management to address chronic issues like project delays and budget overruns. By applying machine learning algorithms to historical data, organizations can utilize predictive analytics and resource allocation optimization for proactive decision-making. The adoption of computer vision algorithms for automated site monitoring and contract analysis through natural language processing further streamlines workflows, freeing skilled labor to focus on higher-value activities. This push toward data-driven operations is fundamental to re-engineering core business processes for greater predictability and resilience.A key market direction is the ascendancy of generative AI, which facilitates creative and synthetic applications beyond traditional analytics, marking a significant evolution in generative ai in construction. This technology is used for architectural design automation and logistical sequence simulation. However, pervasive issues with data fragmentation and quality limit the effectiveness of these advanced systems. Inconsistent and siloed information, a result of poor data interoperability issues, hampers the ability to train robust models for applications like generative ai in real estate and ai in smart buildings and infrastructure. Overcoming this requires establishing unified data standards to unlock the full potential of artificial intelligence (AI) in asset management.

What will be the Size of the AI In Real Estate And Construction Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe application of machine learning algorithms continues to evolve for predictive scheduling and resource allocation optimization, feeding into advanced ai in project management systems. This ongoing development aims to refine foresight in risk management and cost estimation, moving the industry toward more data-driven decision-making. The process involves continuous model training on increasingly granular datasets to improve the accuracy of predictions related to project timelines and budget adherence, which is crucial for artificial intelligence (AI) in construction.Simultaneously, the capabilities of computer vision algorithms are expanding beyond simple automated site monitoring. These systems are becoming more adept at nuanced quality defect identification and real-time safety analysis, making them integral to the development of ai in smart buildings and infrastructure. The visual data gathered from these systems is increasingly used to update and enrich digital twin ecosystems, providing a dynamic and accurate virtual representation of physical assets throughout their lifecycle.The integration of natural language processing for contract analysis is also advancing, enabling a deeper and more automated understanding of complex legal and regulatory documents. This capability is critical for ensuring compliance and mitigating contractual risks. When combined with the creative potential of generative design, it represents a continuing shift in industry workflows, allowing for both heightened analytical rigor and greater innovation in the conceptualization and execution of projects.

How is this AI In Real Estate And Construction Industry segmented?

The ai in real estate and construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments. SectorPre constructionPost constructionOrganization sizeLarge enterprisesSMEsTechnologyML and DLNLPGenerative AIComputer visionGeographyNorth AmericaUSCanadaMexicoEuropeGermanyUKFranceItalySpainThe NetherlandsAPACChinaJapanIndiaSouth KoreaAustraliaIndonesiaMiddle East and AfricaUAESouth AfricaTurkeySouth AmericaBrazilArgentinaColombiaRest of World (ROW)

By Sector Insights

The pre construction segment is estimated to witness significant growth during the forecast period.The pre-construction phase is being reshaped by AI-driven generative design, where algorithms produce thousands of optimized design permutations based on defined constraints. This process enhances material efficiency optimization and accelerates conceptual design. Machine learning models also inform site selection and feasibility studies by analyzing geospatial and market data, minimizing investment risk. This data-dr

Colombia CO: Real GVA per Person Employed: Annual Growth: Business Sector Services excluding Real Estate data was reported at 1.680 % in 2022. This records a decrease from the previous number of 3.970 % for 2021. Colombia CO: Real GVA per Person Employed: Annual Growth: Business Sector Services excluding Real Estate data is updated yearly, averaging 1.720 % from Dec 2016 (Median) to 2022, with 7 observations. The data reached an all-time high of 3.970 % in 2021 and a record low of -0.280 % in 2016. Colombia CO: Real GVA per Person Employed: Annual Growth: Business Sector Services excluding Real Estate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Colombia – Table CO.OECD.PDB: Gross Value Added: Per Person Employed: OECD Member: Annual.