Property Prices in Armenia, Colombia

Index Info
Price to Income Ratio: 11.16
Mortgage as Percentage of Income: 176.36%
Loan Affordability Index: 0.57
Price to Rent Ratio - City Centre: 19.26
Price to Rent Ratio - Outside of Centre: 18.71
Gross Rental Yield (City Centre): 5.19%
Gross Rental Yield (Outside of Centre): 5.35%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 800,000.00 Col$ 800,000.00-800,000.00
Apartment (1 bedroom) Outside of Centre 700,000.00 Col$ 600,000.00-800,000.00
Apartment (3 bedrooms) in City Centre 1,333,333.33 Col$ 1,000,000.00-1,500,000.00
Apartment (3 bedrooms) Outside of Centre 1,400,000.00 Col$ 1,000,000.00-2,000,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 301,932.37 Col$ 232,255.67-371,609.07
Price per Square Feet to Buy Apartment Outside of Centre 278,706.80 Col$ 278,706.80-278,706.80
Salaries And Financing
Average Monthly Net Salary (After Tax) 1,400,000.00 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.00

These data are based on 17 entries in the past 18 months from 3 different contributors.
Last update: July 2021

Sources and References
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