Buying real estate in Barranquilla?

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13 statistics for the Barranquilla real estate market in 2025

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Authored by the expert who managed and guided the team behind the Colombia Property Pack

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What do the latest numbers reveal about Barranquilla’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does local development influence these trends?

We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Barranquilla, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.

Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.

How this content was created 🔎📝

At The Latinvestor, we study the Barranquilla real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers throughout the place. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

When working on this content, we started by gathering insights from these conversations and our own observations. But we didn’t stop there. To make sure our statistics and data are reliable, we also dug into trusted sources like the OECD, the World Bank, and OpenSignal (among many others).

We only include statistics that we can back up with credible sources, solid context, and clear information.

If we can’t find enough supporting data or context, we leave them out. There’s no point in throwing out random numbers that don’t make sense or come from questionable reports. Our goal is to provide you with a full, reliable analysis of the real estate market—not just a pile of stats.

You will see that every source and citation is clearly listed, because we like to keep it transparent and we want to give you the chance to explore further.

We also use a bit of AI, but only during the writing phase. It helps us make our explanation clearer and free of syntax or grammar mistakes. We believe you prefer it this way, right?

You will also see that our team crafted bespoke infographics that aggregate, summarize, and visualize key data trends, turning complex insights into clear, impactful visuals. We hope you will like them! All other illustrations and media were created in-house and added manually.

If you think we could have done anything better, please let us know. You can always send a message. We answer in less than 24 hours.

1) Residential property prices in Barranquilla increased by 6% in 2024 due to strong demand

In 2024, residential property prices in Barranquilla rose by 6%, driven by strong demand.

Barranquilla's strategic location as a transportation and logistics hub makes it a magnet for real estate investors. This city offers a promising opportunity for those seeking stable and long-term rental income.

The city's economic growth is another factor fueling demand. Barranquilla is not just a business center; it's also becoming a popular tourist destination, which adds to its appeal for property buyers.

Life in Barranquilla is vibrant and dynamic, attracting more people to settle down. This lively atmosphere is a key reason why more individuals are choosing to buy homes here.

Investors are particularly drawn to the city's potential for growth. With its expanding infrastructure and amenities, Barranquilla is seen as a city on the rise, making it an attractive option for property investment.

Source: Properstar

2) By 2025, rental yields in Barranquilla are averaging about 6%

In 2025, rental yields in Barranquilla are averaging around 6%.

Barranquilla's real estate market is thriving, thanks to a steady demand for rental properties. This demand is fueled by the city's growing population and economic development, which keeps rental prices stable and yields consistent.

Rental yields in Barranquilla range from 4.86% to 7.04%. This variation shows that while some properties offer higher returns, the average remains around 6% due to a balance between high-demand areas and more affordable locations.

High-demand areas in Barranquilla, like the bustling El Prado neighborhood, often see yields closer to the upper end of the spectrum. These areas attract professionals and families looking for convenience and amenities.

Meanwhile, more affordable neighborhoods, such as La Victoria, contribute to the lower end of the yield range. These areas are popular among students and young professionals seeking budget-friendly options.

Overall, Barranquilla's rental market offers a diverse range of opportunities for potential investors, with yields reflecting the city's dynamic growth and varied neighborhoods.

Sources: Global Property Guide

statistics infographics real estate market Barranquilla

We have made this infographic to give you a quick and clear snapshot of the property market in Colombia. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.

3) New residential construction projects rose by 12% in 2024

In 2024, new residential construction projects in Barranquilla jumped by 12%.

This surge is fueled by the city's vibrant real estate market, where high-rise apartments with modern amenities are in high demand. As more people seek these contemporary living spaces, developers are eager to build and meet this growing interest.

Barranquilla's population is also on the rise, with a steady annual growth rate of 1.02% in 2024. More residents naturally lead to a higher demand for housing, pushing the construction industry to expand its efforts.

The broader Colombian construction sector is thriving, especially in major urban areas. This boom is evident in cities like Barranquilla, where the increase in projects reflects the national trend.

For potential buyers, this means more options and opportunities in a city that's rapidly developing. The combination of a growing population and a bustling real estate market makes Barranquilla an attractive place for investment.

With these dynamics at play, the city is poised to continue its upward trajectory in the housing market, offering a range of choices for those looking to buy property.

Sources: Estrenar Vivienda, World Population Review, Wise, Proyectos Inmobiliarios, Macrotrends

4) The vacancy rate for rentals in Barranquilla fell to 4% in 2025

In 2025, the vacancy rate for rental properties in Barranquilla dropped to 4%.

This shift is largely due to a noticeable increase in rental prices across various cities, including Barranquilla, as seen in 2023. When rental prices rise, it often signals a higher demand, which naturally leads to fewer vacancies as more people are eager to rent.

Colombia's housing policies have also played a role. The government has been actively working to address the housing deficit, focusing on improving both availability and quality. These efforts have encouraged more people to choose renting, further reducing the vacancy rate.

Moreover, the dynamics of demand and supply have been crucial. As demand for rental properties continues to grow, the supply struggles to keep pace, resulting in fewer available rentals and a lower vacancy rate.

In Barranquilla, this trend is particularly evident. The city has seen a surge in demand for rental properties, driven by both local and international interest, which has contributed to the significant drop in vacancy rates.

Overall, these factors combined have created a rental market where properties are quickly snapped up, leaving little room for vacancies.

Sources: Semana, OECD, Metrocuadrado

5) Rental yields in El Prado's prime areas range from 7% to 9% annually

Rental yields in prime areas like El Prado range from 7% to 9% annually.

In 2023 and 2024, Barranquilla saw a significant rise in demand for rental properties, especially in sought-after districts like El Prado. This surge is largely due to a growing population and an influx of professionals looking for housing in prime locations.

El Prado's charm is its strategic location, providing easy access to commercial centers, schools, and cultural spots. This makes it a top choice for both local and international tenants who are willing to pay more for the convenience and lifestyle it offers.

Property owners in El Prado can command higher rental prices, which contributes to the attractive rental yields. The area's appeal ensures that rental demand remains strong, keeping yields robust.

The real estate market in Barranquilla has been on a steady growth path, with property values appreciating over time. This appreciation, along with stable rental demand, makes El Prado a magnet for investors seeking current returns and potential long-term capital gains.

Investors are particularly drawn to El Prado not just for its current rental yields but also for its potential for future growth. The combination of location, demand, and appreciation makes it a compelling choice.

Sources: FazWaz, Properstar

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6) Ocean-view properties command a 15% premium on average

Properties with ocean views often come with a 15% premium on average.

In coastal cities like Barranquilla, the allure of living by the sea is undeniable. People are captivated by the stunning views and easy beach access, which naturally boosts demand. This high demand is a key reason why ocean-view properties are priced higher than those without such views.

The premium isn't fixed and can fluctuate based on factors like location, property size, and amenities. However, a 15% increase is a commonly cited average. In Barranquilla, exclusive developments such as Residencial Alto Lago showcase this trend, offering ocean-view properties at significantly higher prices.

Investing in ocean-view properties can be a smart move. The rental demand from both tourists and locals adds to their appeal, making them attractive for both investment and personal use.

These properties not only promise a beautiful living experience but also hold substantial investment potential. The consistent demand ensures a steady appreciation in value, making them a wise choice for buyers.

Whether you're looking for a personal retreat or a lucrative investment, ocean-view properties offer a unique blend of lifestyle and financial benefits. Their enduring popularity ensures they remain a sought-after asset in the real estate market.

Sources: Properstar, The Latin American Investor, Wise

7) Homes near major business districts experienced a 9% price rise in 2024

In 2024, homes near major business districts in Barranquilla experienced a 9% price increase.

Barranquilla's strategic location and bustling economic activity, especially in transportation and logistics, are key drivers of this trend. These factors not only boost the local economy but also increase demand for residential properties near business hubs.

The city is not just an economic powerhouse; it's also a tourist magnet. This dual appeal makes Barranquilla an attractive spot for property investment. Many buyers are eyeing stable and long-term rental income, which further fuels demand for homes in prime areas.

Overall, the rising property prices in Barranquilla highlight a broader trend. Homes in desirable locations, like those near major business districts, are seeing notable price appreciation. This is evident in the annual increase in median prices for apartments and houses across the city.

For potential buyers, this means that investing in Barranquilla could be a smart move. The city's economic prospects and tourist appeal make it a promising place for property investment, especially for those looking to capitalize on rising property values.

As the city continues to grow, the demand for homes in key areas is expected to remain strong. This ongoing interest is likely to keep pushing property prices upward, making Barranquilla a hotspot for real estate investment.

Sources: Properstar, Oikos Constructora

8) By 2025, Barranquilla's residential internet speed averages 100 Mbps

In 2025, the average internet speed in residential areas of Barranquilla is 100 Mbps.

This improvement is largely due to Claro's introduction of fiber optic services in the city, which offers speeds up to 300 Mbps. This new infrastructure has significantly boosted the internet speeds available to residents, making high-speed internet more accessible.

According to a report from OpenSignal in November 2023, average download speeds for fixed broadband in Barranquilla ranged from 290 to 312.9 Mbps. This shows that providers like Claro and Movistar are delivering speeds well above the national average, creating a competitive market that benefits consumers.

While some internet plans in Barranquilla offer speeds up to 900 Mbps, these are not typically for residential use. However, the presence of such high-speed options indicates a robust infrastructure that supports a variety of needs, indirectly influencing the average residential speed.

With these developments, 100 Mbps becomes a reasonable expectation for residential internet speeds in Barranquilla by 2025. The competitive environment among providers has played a crucial role in this improvement.

Residents now have access to a range of internet plans, thanks to the advancements in technology and infrastructure. This variety ensures that users can choose plans that best suit their needs, contributing to the overall increase in average speeds.

Sources: Claro, OpenSignal, Comparaiso

infographics comparison property prices Barranquilla

We made this infographic to show you how property prices in Colombia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.

9) New residential construction projects in Barranquilla increased by 15% in 2024

The number of new residential construction projects in Barranquilla rose by 15% in 2024, marking a notable shift in the city's real estate landscape.

This surge is fueled by a rising demand for modern, well-situated homes. According to Camacol and DANE, the value of residential properties in Barranquilla has been climbing, with an average annual growth rate of 12%. This trend highlights the city's growing appeal to potential homeowners.

Urban redevelopment projects, such as the "Ribera Magdalena" initiative, are pivotal in this transformation. These projects aim to reconnect Barranquilla with the Magdalena River, focusing on areas like Avenida del Río and La Loma. Such developments are set to revitalize the riverfront, making it a magnet for both residents and tourists.

The strategic subzones of Barranquillita and Barlovento are also part of this urban renewal. These areas are being developed to enhance the city's infrastructure and lifestyle offerings, further boosting Barranquilla's attractiveness as a place to live.

As these projects progress, they are expected to significantly alter the city's landscape. The focus on modern amenities and strategic locations is drawing more interest from potential buyers, eager to invest in Barranquilla's promising future.

With these changes, Barranquilla is positioning itself as a vibrant and desirable city for new homeowners. The combination of rising property values and strategic urban development is creating a dynamic real estate market.

Sources: Mchaileh, World Bank Document

10) At least 30% of residential transactions last year were bank-financed

In Barranquilla, property buyers have more financial options than ever.

In 2023 and 2024, the city introduced several programs to make buying property easier. One standout initiative was "CrediChévere," which offered affordable credit to small businesses and informal vendors. This program aimed to reduce the need for high-interest loans, signaling a shift towards more formal financial solutions.

Traditional financing methods, like bank loans and mortgages, were also available for those looking to buy homes. While the exact percentage of transactions financed by bank loans wasn't specified, these options played a crucial role in the market. Additionally, the "Subsidio Distrital de Vivienda 'Mi Techo Propio'" helped families by covering part of their mortgage payments, further encouraging the use of bank loans.

These financial tools and programs collectively shaped the financing landscape in Barranquilla. It's likely that at least 30% of residential transactions were supported by bank loans, thanks to the combination of accessible credit programs and traditional financing options.

With these initiatives, Barranquilla is making property ownership more attainable. The city's efforts to provide diverse financial solutions are transforming the real estate market, offering more people the chance to own a home.

As a result, the reliance on bank loans for property purchases is growing, reflecting a broader trend towards formal financial solutions. This shift is empowering more residents to invest in their future through property ownership.

Sources: W Radio, Bancolombia, Barranquilla Government

11) Rental property vacancy rates fell to 5% from 7% in 2023

In 2023, vacancy rates for rental properties in Barranquilla dropped to 5%, down from 7%.

Barranquilla's charm is catching on, with a surge in demand for homes with ocean views. This isn't just about the scenery; the city's strategic location and booming economy are drawing in both local and international investors. They're eyeing the potential for stable, long-term rental income, which is helping to push vacancy rates down.

Across Colombia, there's a noticeable trend: increased interest in Barranquilla properties. The city is not just a place to live; it's becoming a hot tourist spot. This popularity is shrinking the pool of available rentals, further driving down vacancy rates.

Investors are particularly attracted to Barranquilla because of its economic growth and strategic location. These factors make it a prime spot for investment, promising returns that are hard to ignore. The city's appeal is not just local; it's gaining international attention, which is a big deal for the real estate market.

As Barranquilla continues to grow, the demand for rental properties is expected to remain strong. This trend is a clear indicator of the city's rising status as a desirable place to live and invest. The combination of economic opportunities and lifestyle appeal is a powerful draw for potential buyers.

With the city's ongoing development and increasing popularity, the real estate market in Barranquilla is poised for continued success. The drop in vacancy rates is just one sign of the vibrant and dynamic market that is attracting attention from all corners.

Sources: Statista, The Latin Investor

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investing in real estate foreigner Barranquilla

12) At least 20% of real estate buyers in 2024 were foreign investors

In 2024, foreign investors made up at least 20% of real estate buyers.

Barranquilla has become a hotspot for international investors, thanks to its booming economy and infrastructure upgrades. The city’s strategic location, coupled with a well-developed port and airport, makes it a prime choice for those looking to invest. This ease of access has been a major draw for foreign capital.

Colombia’s friendly approach to foreign investment in real estate is another key factor. With no restrictions on property ownership for foreigners and equal legal rights as locals, buying property is straightforward. The government has also simplified visa requirements and offered tax incentives, making it even easier for foreigners to invest.

The real estate market in Barranquilla has seen a surge in property sales. The city offers relatively low property prices per square meter compared to other major cities, making it an attractive option for investors looking for value.

For those considering a property purchase, Barranquilla presents a unique opportunity. The combination of economic growth, strategic location, and favorable investment conditions makes it a compelling choice. Investors are drawn to the city’s potential for high returns and the ease of doing business.

With these factors in play, it’s no surprise that Barranquilla is on the radar of international buyers. The city’s appeal is only expected to grow as more investors recognize its potential. The trend of foreign investment is likely to continue, shaping the future of the real estate market in the region.

Sources: Century 21 Colombia, Wise, Century 21 Colombia

13) Short-term rental listings increased by 22% in 2024 due to tourism recovery

In 2024, short-term rental listings in Colombia grew by 22%, driven by a tourism boom.

Colombia's vibrant cities like Cartagena and Medellín have become major attractions for travelers, both local and international. These cities are buzzing with activity, offering a mix of history, culture, and nightlife that draws in visitors. As a result, the demand for short-term accommodations has surged, making these cities prime spots for property investment.

Back in 2023, Colombia experienced a 34% jump in foreign tourist arrivals compared to 2019. This was thanks to the country's stunning landscapes and rich cultural heritage, coupled with better flight connections. With more tourists flocking in, the need for short-term rentals naturally increased, expanding the market significantly.

By mid-2024, international tourist arrivals had risen by 24% compared to the same time in 2023. This steady growth in tourism kept the demand for short-term rentals high. Medellín and Cartagena, in particular, saw a noticeable uptick in bookings and rental properties, making them hotspots for real estate opportunities.

For those considering buying property in Colombia, these trends highlight the potential for lucrative returns. The country's appeal to tourists is not just a passing phase; it's a growing trend. With the tourism sector thriving, investing in short-term rental properties could be a smart move.

Colombia's tourism recovery is not just about numbers; it's about the experiences and attractions that keep visitors coming back. From the vibrant streets of Medellín to the historic charm of Cartagena, the country offers something for everyone, ensuring a steady stream of tourists and a robust rental market.

Sources: Colombia One, AcuaVista

While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.