Property Prices in Colombia

Index Info
Price to Income Ratio: 18.62
Mortgage as Percentage of Income: 279.66%
Loan Affordability Index: 0.36
Price to Rent Ratio - City Centre: 19.25
Price to Rent Ratio - Outside of Centre: 19.46
Gross Rental Yield (City Centre): 5.19%
Gross Rental Yield (Outside of Centre): 5.14%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,452,793.43 Col$ 800,000.00-2,600,000.00
Apartment (1 bedroom) Outside of Centre 1,207,011.12 Col$ 650,000.00-2,000,000.00
Apartment (3 bedrooms) in City Centre 2,630,559.01 Col$ 1,450,000.00-5,000,000.00
Apartment (3 bedrooms) Outside of Centre 2,093,154.74 Col$ 1,100,000.00-4,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 568,498.16 Col$ 341,555.18-929,022.67
Price per Square Feet to Buy Apartment Outside of Centre 468,267.16 Col$ 297,287.25-650,315.87
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,498,705.82 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.12 9.60-18.20

These data are based on 890 entries in the past 18 months from 152 different contributors.
Last update: June 2024
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 15.3 6.7 6.1 14.8 16.4 189.3 0.5
Bogota 21.8 5.3 5.3 18.8 18.8 329.1 0.3
Cali 10.9 5.8 5.3 17.1 18.9 140.6 0.7
Cartagena 27.4 5.9 2.1 16.9 47.5 433.1 0.2
Medellin 18.3 6.3 5.8 15.8 17.3 299.9 0.3
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