Property Prices in Bogota, Colombia

Index Info
Price to Income Ratio: 22.48
Mortgage as Percentage of Income: 283.69%
Loan Affordability Index: 0.35
Price to Rent Ratio - City Centre: 20.15
Price to Rent Ratio - Outside of Centre: 20.64
Gross Rental Yield (City Centre): 4.96%
Gross Rental Yield (Outside of Centre): 4.85%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,493,509.59 Col$ 1,200,000.00-2,158,589.88
Apartment (1 bedroom) Outside of Centre 1,251,562.50 Col$ 800,000.00-1,800,000.00
Apartment (3 bedrooms) in City Centre 2,949,285.79 Col$ 2,000,000.00-5,000,000.00
Apartment (3 bedrooms) Outside of Centre 2,361,020.05 Col$ 1,500,000.00-3,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 636,572.53 Col$ 418,060.20-789,669.27
Price per Square Feet to Buy Apartment Outside of Centre 534,856.93 Col$ 464,511.33-650,315.87
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,402,576.92 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.29 9.00-15.00

These data are based on 302 entries in the past 18 months from 50 different contributors.
Last update: August 2022

Sources and References
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