Property Prices in Bogota, Colombia

Index Info
Price to Income Ratio: 23.79
Mortgage as Percentage of Income: 312.84%
Loan Affordability Index: 0.32
Price to Rent Ratio - City Centre: 17.83
Price to Rent Ratio - Outside of Centre: 21.96
Gross Rental Yield (City Centre): 5.61%
Gross Rental Yield (Outside of Centre): 4.55%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,654,372.19 Col$ 1,000,000.00-6,000,000.00
Apartment (1 bedroom) Outside of Centre 1,059,677.42 Col$ 600,000.00-1,800,000.00
Apartment (3 bedrooms) in City Centre 3,160,000.00 Col$ 1,800,000.00-10,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,893,513.42 Col$ 1,200,000.00-3,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 614,226.91 Col$ 464,511.33-929,022.67
Price per Square Feet to Buy Apartment Outside of Centre 470,085.47 Col$ 325,157.93-743,218.13
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,226,460.96 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.92 8.00-15.72

These data are based on 377 entries in the past 12 months from 55 different contributors.
Last update: March 2021

Sources and References
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