Authored by the expert who managed and guided the team behind the Colombia Property Pack
Yes, the analysis of Bogotá's property market is included in our pack
Bogotá's real estate market offers diverse investment opportunities across different price ranges. As of September 2025, apartment prices range from COP 3,000,000 to COP 13,000,000 per square meter depending on location, with the city center commanding premium rates while suburban areas provide more affordable options for both buyers and investors.
If you want to go deeper, you can check our pack of documents related to the real estate market in Colombia, based on reliable facts and data, not opinions or rumors.
Bogotá's residential property market shows steady growth with apartment prices averaging COP 5,500,000 per m² citywide and houses at COP 4,090,000 per m².
Luxury neighborhoods like Chicó and Rosales command over COP 9,000,000 per m², while affordable areas like Bosa and Kennedy offer properties at COP 3,000,000-3,800,000 per m².
| Property Type | Location | Price Range (COP per m²) |
|---|---|---|
| Apartments | City Center | 5,000,000 - 8,000,000 |
| Houses | Suburban Areas | 3,500,000 - 4,500,000 |
| Luxury Properties | Premium Neighborhoods | 9,000,000 - 13,000,000 |
| Affordable Housing | Bosa/Kennedy | 3,000,000 - 3,800,000 |
| High-End Areas | Chapinero/Usaquén | 6,000,000 - 8,000,000 |
What's the current average price per square meter for apartments in Bogotá?
Apartments in Bogotá cost between COP 5,000,000 and COP 8,000,000 per square meter in the city center as of September 2025.
The citywide median price stands at approximately COP 5,500,000 per square meter for apartments. This figure represents a comprehensive average across all neighborhoods, from luxury areas to more affordable districts.
Premium neighborhoods like Chapinero command around COP 6,500,000 to COP 7,000,000 per square meter, while Usaquén ranges from COP 6,000,000 to COP 8,000,000 per square meter. These areas attract buyers seeking modern amenities and central locations.
The price variation depends heavily on factors such as building age, amenities, proximity to business districts, and transportation access. Newly constructed apartments with modern features typically price at the higher end of these ranges.
It's something we develop in our Colombia property pack.
What's the current average price per square meter for houses in Bogotá?
Houses in Bogotá average around COP 4,090,000 per square meter across the city in 2025.
This median price of approximately COP 380,000 per square foot (converted to COP 4,090,000 per square meter) represents the typical cost for residential houses throughout Bogotá. Suburban areas generally offer lower prices compared to central locations.
Houses in established neighborhoods with good infrastructure can reach COP 5,000,000 to COP 6,000,000 per square meter, while properties in developing areas or those requiring renovation may cost between COP 3,000,000 and COP 4,000,000 per square meter.
The price difference between houses and apartments reflects the availability of land and construction costs. Houses typically offer more space and privacy, justifying the investment for families seeking long-term residency.
How much does a small one-bedroom apartment (around 40–50 m²) typically cost in the city center?
A small one-bedroom apartment of 40-50 square meters in central Bogotá costs between COP 200,000,000 and COP 400,000,000.
Using the city center price range of COP 5,000,000 to COP 8,000,000 per square meter, a 40-square-meter apartment would cost COP 200,000,000 to COP 320,000,000. A 50-square-meter unit would range from COP 250,000,000 to COP 400,000,000.
Recent market listings show concrete examples, such as a 41-square-meter apartment in Chapinero priced at approximately COP 270,000,000. This aligns with current market trends for centrally located properties.
These prices reflect the premium for city center locations, where residents enjoy walkability to business districts, restaurants, and cultural attractions. New developments with modern amenities command the highest prices within this range.
How much does a three-bedroom house (around 120–150 m²) usually cost in suburban areas?
A three-bedroom house of 120-150 square meters in Bogotá's suburban areas costs between COP 480,000,000 and COP 600,000,000.
| House Size | Price Range (COP) | Price per m² (COP) |
|---|---|---|
| 120 m² (3-bedroom) | 480,000,000 - 540,000,000 | 4,000,000 - 4,500,000 |
| 135 m² (3-bedroom) | 540,000,000 - 607,500,000 | 4,000,000 - 4,500,000 |
| 150 m² (3-bedroom) | 600,000,000 - 675,000,000 | 4,000,000 - 4,500,000 |
| 120 m² (Premium Suburban) | 600,000,000 - 720,000,000 | 5,000,000 - 6,000,000 |
| 150 m² (Premium Suburban) | 750,000,000 - 900,000,000 | 5,000,000 - 6,000,000 |
Don't lose money on your property in Bogotá
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
What's the average monthly rent for a one-bedroom apartment in central Bogotá?
One-bedroom apartments in central Bogotá rent for COP 1,500,000 to COP 2,000,000 per month on average.
The full rental range spans from COP 1,100,000 to COP 2,900,000 monthly, with most properties falling within the COP 1,500,000 to COP 2,000,000 bracket. Location within the city center significantly impacts rental prices.
Premium buildings with amenities like gyms, security, and parking command higher rents, often reaching COP 2,200,000 to COP 2,900,000 monthly. Basic apartments in older buildings typically rent for COP 1,100,000 to COP 1,400,000 per month.
Central neighborhoods like Chapinero, La Candelaria, and parts of Santa Fe drive these rental rates due to proximity to business districts and entertainment areas. The rental market remains strong due to consistent demand from young professionals and international residents.
What's the average monthly rent for a three-bedroom apartment outside the city center?
Three-bedroom apartments outside central Bogotá rent for COP 1,200,000 per month on average.
The rental range for three-bedroom units in suburban areas spans from COP 870,000 to COP 2,900,000 monthly. The median falls around COP 1,200,000, offering good value for families seeking more space.
Newer developments in areas like Suba, Engativá, or southern neighborhoods typically rent for COP 1,400,000 to COP 1,800,000 monthly. Older properties or those in developing areas may rent for COP 870,000 to COP 1,200,000 per month.
Suburban rentals often include additional amenities like parking spaces, small yards, or access to community facilities. The lower cost per square meter makes these areas attractive for families and long-term residents.
It's something we develop in our Colombia property pack.
How much do luxury properties in Bogotá cost per square meter on average?
Luxury properties in Bogotá cost between COP 9,000,000 and COP 13,000,000 per square meter as of September 2025.
Premium neighborhoods such as Chicó, Rosales, Santa Barbara, and Chapinero Alto consistently command prices above COP 9,000,000 per square meter. The most exclusive properties in these areas can exceed COP 13,000,000 per square meter.
Recent developments in Chapinero Alto showcase new builds priced above COP 7,000,000 per square meter, with luxury penthouses reaching over COP 13,000,000 per square meter. These properties feature high-end finishes, modern amenities, and prime locations.
Luxury properties typically include features such as concierge services, private elevators, premium appliances, and panoramic city views. The price premium reflects both the quality of construction and the exclusivity of the location.
What's the average price per square meter in the most expensive neighborhoods, like Chapinero or Usaquén?
Chapinero averages COP 6,500,000 to COP 7,000,000 per square meter, while Usaquén ranges from COP 6,000,000 to COP 8,000,000 per square meter.
These neighborhoods represent some of Bogotá's most desirable residential areas, combining central location with modern infrastructure. Chapinero offers excellent connectivity and vibrant nightlife, justifying its premium pricing.
Usaquén provides a more suburban feel while maintaining proximity to the city center. The neighborhood features parks, upscale shopping, and family-friendly amenities that attract both local and international buyers.
Within these neighborhoods, specific zones command different prices. Chapinero Norte and Zona Rosa areas typically price at the higher end, while transitional areas may offer more moderate pricing within the stated ranges.
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.
What's the average price per square meter in more affordable neighborhoods, like Bosa or Kennedy?
Bosa and Kennedy offer more affordable housing options at COP 3,000,000 to COP 3,800,000 per square meter.
Bosa typically ranges from COP 3,000,000 to COP 3,500,000 per square meter, making it one of the most budget-friendly neighborhoods for property purchases. Kennedy commands slightly higher prices at COP 3,000,000 to COP 3,800,000 per square meter.
These neighborhoods provide essential services, transportation connections, and growing commercial areas. While they lack the premium amenities of central areas, they offer excellent value for first-time buyers and investors seeking rental income potential.
The price difference reflects infrastructure development, transportation access, and overall neighborhood amenities. Both areas are experiencing gradual improvement in services and connectivity, potentially supporting future price appreciation.
How much should a buyer budget for additional purchase costs such as taxes, notary fees, and registration in Bogotá?
Buyers should budget 4% to 6% of the final sales price for additional purchase costs in Bogotá.
- Notary and public deeds: 0.8% to 1.2% of purchase price
- Property registration: approximately 1% of purchase price
- Property transfer tax (Impuesto de Registro): 1% to 1.5% of purchase price
- Administrative and legal fees: 1% to 2% of purchase price
- Legal representation and due diligence: 0.5% to 1% of purchase price
It's something we develop in our Colombia property pack.
What's the typical annual property tax percentage for residential real estate in Bogotá?
Annual residential property tax in Bogotá typically ranges from 0.5% to 1.0% of the assessed property value.
The exact percentage varies by municipality and property type within the metropolitan area. Most residential properties fall within the 0.6% to 0.8% range for annual property tax calculations.
Property tax assessments are based on the cadastral value, which may differ from market value. The municipal government updates these assessments periodically to reflect current market conditions.
This tax rate is competitive compared to other major Latin American cities, making Bogotá an attractive option for property investment from a tax perspective.
What's the recent yearly price growth rate for residential properties in Bogotá?
Bogotá's residential property market shows a yearly price growth rate of approximately 6.99% as of 2025.
This represents a moderation from the previous year's 8.6% growth rate, indicating a stabilizing market after pandemic-era peaks. The current growth rate remains positive and healthy for both buyers and investors.
Neighborhoods with metro connections and recent renovations experience higher growth rates, sometimes reaching up to 10% annually. These areas benefit from improved infrastructure and increased demand.
The growth rate reflects strong fundamentals in Bogotá's real estate market, including population growth, economic development, and ongoing urban improvement projects that enhance property values over time.
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.
Bogotá's real estate market offers diverse opportunities across different price segments, from affordable neighborhoods to luxury developments.
Understanding the cost structure, including purchase prices, rental rates, and additional fees, is essential for making informed investment decisions in Colombia's capital city.