Property Prices in Colombia

Index Info
Price to Income Ratio: 17.55
Mortgage as Percentage of Income: 224.93%
Loan Affordability Index: 0.44
Price to Rent Ratio - City Centre: 21.24
Price to Rent Ratio - Outside of Centre: 21.40
Gross Rental Yield (City Centre): 4.71%
Gross Rental Yield (Outside of Centre): 4.67%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,143,067.36 Col$ 600,000.00-2,000,000.00
Apartment (1 bedroom) Outside of Centre 961,342.56 Col$ 517,194.60-1,800,000.00
Apartment (3 bedrooms) in City Centre 2,009,474.03 Col$ 1,200,000.00-4,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,663,182.78 Col$ 1,000,000.00-3,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 487,019.67 Col$ 278,706.80-836,120.40
Price per Square Feet to Buy Apartment Outside of Centre 409,623.25 Col$ 278,706.80-631,537.79
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,375,152.04 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.53 8.88-15.72

These data are based on 1176 entries in the past 18 months from 208 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References

By City in Colombia

Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Barranquilla 12.2 7.6 5.7 13.1 17.7 156.5 0.6
Bogota 20.8 5.2 4.7 19.3 21.1 270.9 0.4
Bucaramanga 17.2 4.7 3.3 21.5 29.9 221.9 0.5
Cali 11.9 5.1 4.1 19.7 24.3 159.2 0.6
Cartagena 23.0 4.3 7.9 23.2 12.6 269.4 0.4
Medellin 15.4 5.6 4.9 17.8 20.6 182.9 0.5
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