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Yes, properties in Barranquilla are expected to become more expensive in 2026, with forecasted price growth of 4-5% for residential properties. The city's residential market has shown robust growth, with prices increasing 9% from 2024 to 2025, reaching an average of COP 4,327,118 per square meter. Strong economic fundamentals, infrastructure development, and growing foreign investment are driving this upward trend, making Barranquilla an attractive but increasingly expensive real estate destination.
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Barranquilla's residential property market is experiencing steady growth with prices rising 9% in 2025 and expected to increase another 4-5% in 2026.
Strong population growth, improving household incomes, and declining interest rates are creating favorable conditions for continued property appreciation.
| Key Metric | 2025 Current | 2026 Forecast |
|---|---|---|
| Average Price per m² | COP 4,327,118 (~USD 1,130) | COP 4,500,000-4,550,000 (~USD 1,175-1,190) |
| Annual Price Growth | 9% | 4-5% |
| Average Rental Yield | 6% | 5-7% |
| Population | 2,396,400 | 2,419,000 |
| Mortgage Interest Rate | 14.37% (declining) | 13-14% (moderate decline) |
| Construction Cost per m² | COP 2,300,000-4,327,118 | COP 2,400,000-4,600,000 |
What was the average price per square meter for residential properties in Barranquilla in 2024 and 2025, and how has that changed year over year?
The average price per square meter for residential properties in Barranquilla increased significantly from 2024 to 2025.
In 2024, residential properties in Barranquilla averaged between COP 3,770,000 and COP 4,200,000 per square meter, which translates to approximately USD 970-1,130 per square meter. By mid-2025, this figure rose to COP 4,327,118 per square meter (around USD 1,130 per square meter).
The year-over-year growth tells a compelling story of market acceleration. From 2023 to 2024, Barranquilla's residential property market experienced robust growth of 14.77%. However, the growth rate moderated slightly from 2024 to 2025, with an approximate increase of 9%.
This price appreciation reflects strong demand fundamentals in Barranquilla's residential market, driven by economic expansion and infrastructure development. The moderation in growth rate from 2024 to 2025 suggests the market is finding a more sustainable pace after the exceptional gains of the previous year.
As of September 2025, these price levels position Barranquilla as an increasingly valuable but still accessible market compared to other major Colombian cities like Bogotá and Medellín.
What is the projected annual percentage growth rate in property prices for Barranquilla from 2025 to 2026 based on current market forecasts?
Barranquilla's residential property market is expected to continue its upward trajectory with a forecasted annual growth rate of 4-5% from 2025 to 2026.
This projection represents a further moderation from the 9% growth experienced in 2025, indicating that the market is stabilizing at a more sustainable pace. The 4-5% growth forecast aligns with broader economic indicators and reflects a maturing market that has absorbed much of the rapid appreciation from previous years.
Several factors support this growth projection, including continued infrastructure investment, steady population growth, and improving economic conditions in Colombia. The projected growth rate also takes into account the expected moderation in inflation and potential decreases in mortgage interest rates through 2026.
For property investors and buyers, this forecast suggests that while significant gains are still expected, the pace of appreciation will be more measured than in recent years. This creates a more predictable environment for both investment planning and homebuying decisions.
It's something we develop in our Colombia property pack.
How many new residential units are expected to be built in Barranquilla in 2025 and 2026, and how does that compare to the past five years?
Barranquilla is experiencing significant expansion in residential construction, with 2025 and 2026 expected to outpace the previous five-year averages.
While specific unit numbers for 2025 and 2026 are not precisely detailed in available data, construction activity has shown remarkable momentum. New construction projects increased by 15% in 2024, and this strong momentum is expected to continue through 2025 and into 2026. The expansion is driven by infrastructure investment, urban development initiatives, and growing demand for eco-friendly housing units.
From 2020 to 2024, Barranquilla consistently increased its housing inventory year-over-year, with particular emphasis on sustainable housing trends and expansion projects. The construction boom has been supported by both private developers and government initiatives focused on urban expansion.
The 2025-2026 construction activity is set to significantly outpace prior five-year averages, primarily due to Barranquilla's role as a logistics hub and the city's focus on sustainable urban development. This increased supply helps explain why price growth is expected to moderate to 4-5% in 2026, as new inventory helps meet growing demand.
The construction surge includes a mix of affordable housing projects, mid-market developments, and luxury eco-friendly units, catering to diverse market segments and supporting the city's growing population.
What was the average rental yield in Barranquilla in 2024 and 2025, and how is it expected to change in 2026?
Barranquilla's rental market has delivered consistent yields, making it attractive for income-focused property investors.
In 2024, the average rental yield in Barranquilla was approximately 6%, with a range typically between 4.86% and 7.04% depending on property type and location. This yield level continued into 2025, maintaining the 6% average, with some premium properties achieving yields up to 7%.
For 2026, steady performance is expected with yields likely to remain within the 5-7% range as demand continues to be strong. The stability in rental yields reflects the balanced relationship between rental demand and property prices in Barranquilla's market.
These yield levels compare favorably to many other Colombian cities and international markets, making Barranquilla particularly attractive for rental property investment. The consistent yield performance is supported by the city's growing population, economic development, and its position as a major Caribbean port and logistics center.
The rental market benefits from diverse demand sources, including local professionals, students, and temporary residents working in the logistics and port industries, which helps maintain occupancy rates and rental stability.
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How has the population of Barranquilla grown in the past five years, and what is the forecast for 2026?
Barranquilla has experienced steady population growth over the past five years, providing a solid foundation for residential property demand.
| Year | Population | Annual Growth |
|---|---|---|
| 2020 | 2,325,000 | - |
| 2021 | 2,349,000 | 1.03% |
| 2022 | 2,373,000 | 1.02% |
| 2023 | 2,396,000 | 0.97% |
| 2025 | 2,396,400 | 0.02% |
| 2026 (forecast) | 2,419,000 | 0.94% |
The annual growth rate has averaged approximately 0.97% over this period, indicating consistent but moderate population expansion. This steady growth supports sustained housing demand without creating unsustainable pressure on the market.
What was the average household income in Barranquilla in 2024 and 2025, and what is the expected figure for 2026?
Household income levels in Barranquilla have shown stability with modest growth expectations moving forward.
For 2024 and 2025, the estimated average household income in Barranquilla is approximately COP 57,961,400, with a median household income of COP 56,760,200. These figures represent the income levels that support the current property market dynamics in the city.
The 2026 forecast indicates a modest increase expected to track inflation and economic growth, with an estimated 2-3% annual rise. This would bring the average household income to approximately COP 59,500,000-60,000,000 by 2026.
This income growth trajectory supports the projected property price increases, as household purchasing power is expected to keep pace with moderate property appreciation. The stable income growth also underpins the rental market's sustainability, as residents can continue to afford housing costs.
The income levels reflect Barranquilla's position as a major economic center in Colombia's Caribbean region, with diverse employment opportunities in logistics, commerce, and services sectors supporting household earnings.
How did mortgage interest rates in Colombia change from 2024 to 2025, and what are the current projections for 2026?
Colombian mortgage interest rates have been on a declining trajectory through 2025, creating more favorable borrowing conditions for property buyers.
Interest rates started high in 2024 but have been declining through 2025. As of May 2025, Colombia's Central Bank rate stands at 9.25%, while bank lending rates for mortgages were around 14.37% in February 2025. This represents a significant improvement from earlier elevated levels.
The projection for 2026 indicates further mild decline expected as inflation continues to moderate. Mortgage rates are likely to settle in the 13-14% range by 2026, making property financing more accessible for buyers.
This declining interest rate environment has contributed to increased property market activity and supports the continued price appreciation forecast for 2026. Lower borrowing costs make property purchases more affordable for both domestic and international buyers.
The rate decline aligns with Colombia's broader economic stabilization and the Central Bank's monetary policy aimed at controlling inflation while supporting economic growth.
What was the inflation rate in Colombia in 2024 and 2025, and what is the forecast for 2026?
Colombia's inflation rate has been moderating, creating a more stable economic environment for property investment.
In 2024, Colombia's inflation rate was 5.05% as of May, which represented elevated levels that influenced monetary policy decisions. For 2025, inflation is moderating with forecasts around 4-5%, showing improvement from the previous year's higher levels.
The 2026 forecast indicates inflation is expected to remain within the Central Bank's target range of 3-5%. This moderation in inflationary pressure supports the projected decline in interest rates and contributes to overall economic stability.
The moderating inflation environment is positive for the property market, as it reduces pressure on construction costs and allows for more predictable planning by developers and buyers. It also supports the sustainability of the projected 4-5% property price growth for 2026.
This inflation trajectory aligns with Colombia's broader economic recovery and demonstrates the effectiveness of monetary policy measures implemented to control price pressures.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Colombia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
How many property transactions were recorded in Barranquilla in 2024 and 2025, and how does that compare historically?
Barranquilla's property transaction volume has reached multi-year highs, indicating a robust and active real estate market.
While exact transaction numbers are not detailed in available data, the 2024-2025 period has seen strong market activity with transactions at multi-year highs. This surge is attributed to robust demand from both domestic and foreign buyers, along with improved financing conditions.
The transaction trend shows a steep upward trajectory compared to the last five years, driven by several factors including increased foreign investment, infrastructure development, and Barranquilla's growing reputation as a logistics and investment hub.
The high transaction volume supports the price appreciation seen in the market and indicates healthy liquidity. This activity level suggests strong confidence in Barranquilla's property market from both investors and end-users.
The increased transaction activity also reflects improved market infrastructure, better financing options, and growing awareness of Barranquilla's investment potential among both Colombian and international buyers.
What percentage of property purchases in Barranquilla in 2024 and 2025 were made by foreign buyers, and is that percentage expected to grow in 2026?
Foreign investment in Barranquilla's property market has become an increasingly important component of overall activity.
In 2024 and 2025, foreign buyers accounted for an estimated 8-10% of property purchases in Barranquilla. This represents a significant presence that contributes to market demand and price dynamics.
The 2026 forecast indicates this percentage is expected to continue growing modestly due to Barranquilla's appeal as a logistics hub, tourist destination, and its relatively affordable property prices compared to other major Colombian cities.
Foreign buyer interest is driven by several factors: Barranquilla's strategic location on the Caribbean coast, its modern infrastructure, growing economy, and favorable property yields. The city's position as Colombia's main port also attracts business-related investment.
It's something we develop in our Colombia property pack.
The growing foreign investment helps support property values and brings additional capital to the local market, contributing to the overall positive market dynamics expected to continue through 2026.
What is the average time a property stays on the market in Barranquilla in 2024 and 2025, and what is the trend going into 2026?
Barranquilla's property market has tightened significantly, with properties selling faster than in previous years.
In 2024, the average time properties stayed on the market decreased compared to previous years as supply tightened and demand remained strong. This trend continued into 2025, with the market described as "tight" featuring a low 4% vacancy rate and rapid absorption of new inventory.
The 2026 trend is expected to persist if demand continues to outpace supply, meaning properties will likely continue selling relatively quickly. This seller's market dynamic supports the projected price appreciation for 2026.
The rapid absorption rate reflects strong underlying demand from both local buyers and foreign investors, supported by improving economic conditions and growing confidence in Barranquilla's property market.
The tight market conditions indicate healthy demand fundamentals and suggest that new construction will be readily absorbed, supporting both developers and investors in the market.
What was the average construction cost per square meter in Barranquilla in 2024 and 2025, and how is it projected to change in 2026?
Construction costs in Barranquilla vary significantly based on quality level and have shown upward pressure in recent years.
| Construction Level | 2024 Cost per m² | 2025 Cost per m² | 2026 Forecast |
|---|---|---|---|
| Basic | COP 2,300,000 | COP 2,300,000-2,400,000 | COP 2,400,000-2,500,000 |
| Mid-level | COP 3,000,000 | COP 3,000,000-3,200,000 | COP 3,100,000-3,350,000 |
| Luxury/Eco-friendly | COP 4,000,000 | COP 4,327,118 | COP 4,500,000-4,600,000 |
The 2026 forecast indicates construction costs will continue rising moderately, pressured by demand and inflation, with an estimated 4-6% annual growth. This cost pressure supports the projected property price increases, as developers pass construction cost increases to buyers.
It's something we develop in our Colombia property pack.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Barranquilla's residential property market is positioned for continued growth through 2026, with solid fundamentals supporting the projected 4-5% price appreciation.
The combination of steady population growth, improving economic conditions, declining interest rates, and strong foreign investment creates a favorable environment for both property investors and homebuyers considering the Barranquilla market.
Sources
- TheLatinvestor - Barranquilla Price Forecasts
- TheLatinvestor - Average House Price in Colombia
- Hikersbay - Prices in Barranquilla
- TheLatinvestor - Barranquilla Real Estate Forecasts
- TheLatinvestor - Barranquilla Real Estate Market
- Global Property Guide - Colombia Rent Yields
- World Population Review - Barranquilla
- MacroTrends - Barranquilla Population
- PopulationStat - Barranquilla
- World Salaries - Average Salary in Barranquilla