Buying real estate in Antioquia?

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Will real estate prices in Antioquia go up in 2025?

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Yes, the analysis of Antioquia's property market is included in our pack

Thinking about buying a 3-bedroom apartment in El Poblado? It’s a great area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?

And what about long-term investment—should you look into other neighborhoods like Laureles or Envigado where property values might appreciate more over time?

In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Antioquia Property Pack.

Will property prices increase in Antioquia in 2025?

Yes, property prices in Antioquia are expected to rise in 2025, driven by a combination of high demand and a limited supply of housing.

Backed by our fresh, in-depth market analysis, we’re confident that Antioquia remains one of the most attractive regions in Colombia for both domestic and international investors.

Sure, there are some economic challenges like inflation and rising interest rates, but the main drivers behind Antioquia’s price growth remain strong.

Demand, especially in the prime areas like Medellín, continues to outstrip supply, making any major price dips unlikely. Additionally, Antioquia's growing reputation as a cultural and economic hub continues to attract buyers from around the world.

Signals pointing to a property price increase in Antioquia

Here are some factors suggesting prices could increase:

The ongoing urban development projects in Medellín and surrounding areas are expected to enhance infrastructure and connectivity, making these areas more attractive to buyers and potentially driving up property prices.

Antioquia's tourism sector is experiencing growth, with more visitors drawn to its natural beauty and cultural offerings. This increase in tourism is likely to boost demand for vacation properties and short-term rentals, pushing property prices higher.

The region's economic growth, driven by sectors such as technology and innovation, is attracting a skilled workforce, increasing demand for housing in urban centers like Medellín.

Government initiatives aimed at improving public transportation and urban planning are expected to make Antioquia more accessible and livable, further increasing its appeal to potential homebuyers.

The trend of remote work is encouraging more people to relocate to areas with a high quality of life, such as Antioquia, where they can enjoy a balance of urban amenities and natural surroundings, thus increasing demand for residential properties.

Signals pointing to a property price decrease in Antioquia

Here are some factors suggesting prices could fall:

Rising inflation and living costs are putting pressure on household budgets, potentially reducing the purchasing power of local buyers and impacting demand for properties.

Higher interest rates could make it more difficult for buyers to secure affordable financing, particularly affecting first-time homebuyers and those looking to invest in real estate.

Economic uncertainties, both globally and locally, could lead to cautious spending and investment behaviors, potentially slowing down the real estate market in the short term.

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If property prices go up in Antioquia, how much would they increase by?

If real estate prices in Antioquia were to rise in 2025, the increase would likely be between 3% to 7% of their 2024 values.

Typically, real estate in dynamic markets like Antioquia appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as region, season, and property type.

It means that, if you spot a charming finca in Rionegro for 850,000,000 COP today, don't be surprised if it's priced between 875,500,000 and 909,500,000 COP this time next year.

To give you a better understanding, here is a table that shows 7 types of Antioquian real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 3%, 5%, and 7%.

Type of Property Average Price in 2024 (COP) Price in 2025 (3% increase) Price in 2025 (5% increase) Price in 2025 (7% increase)
Finca (200 sqm / 2,153 sqft) 850,000,000 875,500,000 892,500,000 909,500,000
Modern Apartment (100 sqm / 1,076 sqft) 600,000,000 618,000,000 630,000,000 642,000,000
Luxury Penthouse (150 sqm / 1,615 sqft) 1,500,000,000 1,545,000,000 1,575,000,000 1,605,000,000
Studio (40 sqm / 431 sqft) 300,000,000 309,000,000 315,000,000 321,000,000
Loft (120 sqm / 1,292 sqft) 900,000,000 927,000,000 945,000,000 963,000,000
Townhouse (200 sqm / 2,153 sqft) 1,200,000,000 1,236,000,000 1,260,000,000 1,284,000,000
Investment Property (80 sqm / 861 sqft) 500,000,000 515,000,000 525,000,000 535,000,000

Everything you need to know is included in our Property Pack for Antioquia

If real estate prices go up in Antioquia, which areas are likely to see the biggest increases?

Today, people who want to move to Antioquia are looking for a blend of traditional charm and modern amenities, which El Poblado offers. Hence, we could see a price increase there in 2025.

Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and Laureles has really taken off.

We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Antioquian market.

Neighborhood Level of Increase Why
El Poblado High Recent development of luxury housing projects and its increasing appeal to international buyers as travel normalizes post-pandemic, driving demand.
Laureles High Expected rise due to limited housing stock, upcoming renovations to heritage buildings, and growing demand for prime properties in central Medellín.
Envigado Medium-High Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher.
Bello Medium The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments.
Sabaneta Medium-High Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward.
Rionegro Medium Investment in local infrastructure, such as the extension of tram lines and renovation of historic areas, is boosting long-term value.
Guatapé Medium-High With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors.
Itagüí High Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable.
Copacabana Medium-High Its proximity to Medellín, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space.
San Javier Medium Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable.
Santa Fe de Antioquia High As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values.
Jardín High Upcoming restoration of historic sites and high-profile cultural projects are driving a renewed focus on this central, historic location.

If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation in Antioquia?

In 2025, Antioquia real estate trends focus on tech-smart, energy-efficient apartments, larger suburban homes for families, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.

  • Tech-Equipped and Energy-Efficient Apartments:

    Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025, especially in urban centers like Medellín.

  • Family-Sized Homes in Suburban Areas:

    With a growing demand for larger living spaces, especially among families, suburban areas around Medellín and other cities in Antioquia are seeing increased interest. Proximity to green spaces, schools, and transportation links is a major factor driving value.

  • Properties with Outdoor Spaces:

    Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In densely populated areas of Antioquia, these features offer a much-needed escape and are likely to drive up property values.

  • Eco-Friendly Buildings with Low Carbon Footprints:

    Antioquia's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the region’s green goals, leading to price appreciation in this category.

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