Property Prices in Bogota, Colombia

Index Info
Price to Income Ratio: 22.84
Mortgage as Percentage of Income: 292.48%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 19.65
Price to Rent Ratio - Outside of Centre: 21.45
Gross Rental Yield (City Centre): 5.09%
Gross Rental Yield (Outside of Centre): 4.66%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,512,000.00 Col$ 1,000,000.00-3,500,000.00
Apartment (1 bedroom) Outside of Centre 1,070,000.00 Col$ 600,000.00-1,800,000.00
Apartment (3 bedrooms) in City Centre 2,746,616.06 Col$ 1,700,000.00-5,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,768,128.63 Col$ 1,100,000.00-3,500,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 604,607.95 Col$ 464,511.33-929,022.67
Price per Square Feet to Buy Apartment Outside of Centre 448,160.54 Col$ 278,706.80-650,315.87
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,240,287.32 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.51 7.50-15.72

These data are based on 313 entries in the past 18 months from 47 different contributors.
Last update: July 2021

Sources and References
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