Property Prices in Medellin, Colombia

Index Info
Price to Income Ratio: 17.25
Mortgage as Percentage of Income: 211.19%
Loan Affordability Index: 0.47
Price to Rent Ratio - City Centre: 16.69
Price to Rent Ratio - Outside of Centre: 21.14
Gross Rental Yield (City Centre): 5.99%
Gross Rental Yield (Outside of Centre): 4.73%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 1,123,356.84 Col$ 700,000.00-2,500,000.00
Apartment (1 bedroom) Outside of Centre 978,764.24 Col$ 600,000.00-1,526,320.63
Apartment (3 bedrooms) in City Centre 1,723,706.44 Col$ 1,200,000.00-3,000,000.00
Apartment (3 bedrooms) Outside of Centre 1,641,735.09 Col$ 1,100,000.00-3,000,000.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 354,900.01 Col$ 232,255.67-510,962.47
Price per Square Feet to Buy Apartment Outside of Centre 406,539.44 Col$ 325,157.93-557,413.60
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 1,187,918.64 Col$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.83 8.00-12.00

These data are based on 272 entries in the past 18 months from 45 different contributors.
Last update: November 2020

Sources and References
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