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Yes, the analysis of Bogotá's property market is included in our pack
Thinking about buying a 3-bedroom apartment in Chapinero? It’s a vibrant 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 localities like Usaquén or Teusaquillo 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 Bogotá Property Pack.
Will property prices increase in Bogotá in 2025?
Yes, property prices in Bogotá 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 Bogotá remains an attractive city for both domestic and international investors.
While there are some economic challenges like inflation and rising interest rates, the main drivers behind Bogotá’s price growth are likely to persist.
Demand, especially in prime areas, continues to outstrip supply, making significant price declines unlikely. Additionally, Bogotá's status as a cultural and economic hub continues to attract buyers.
Signals pointing to a property price increase in Bogotá
Here are some factors suggesting prices could increase:
The ongoing urbanization and population growth in Bogotá are expected to continue, leading to increased demand for housing. This demographic trend is likely to push property prices higher as more people seek homes in the city.
Infrastructure improvements, such as the expansion of the TransMilenio bus system and the construction of the Bogotá Metro, are set to enhance connectivity and accessibility, making certain areas more attractive and potentially increasing property values.
Government initiatives aimed at promoting affordable housing and urban renewal projects are expected to stimulate the real estate market, leading to increased investment and higher property prices in revitalized areas.
The growing interest from international investors in Bogotá's real estate market is likely to continue, driven by the city's economic potential and strategic location. This influx of foreign capital can contribute to rising property prices.
The trend of remote work and digital nomadism is expected to persist, attracting more professionals to Bogotá who seek a vibrant urban lifestyle. This could increase demand for residential properties, particularly in trendy neighborhoods.
The limited availability of land for new developments in central areas of Bogotá is likely to constrain supply, putting upward pressure on property prices as demand remains strong.
The Colombian economy is projected to grow steadily, which could boost consumer confidence and purchasing power, leading to increased demand for real estate and higher property prices.
Signals pointing to a property price decrease in Bogotá
Here are some factors suggesting prices could fall:
Rising inflation and living costs in Colombia could strain household budgets, potentially reducing the purchasing power of prospective homebuyers and dampening demand for properties.
Higher interest rates, which have been increasing, may make it more difficult for buyers to secure affordable financing, particularly affecting first-time homebuyers and those seeking investment properties.
Economic uncertainties, both domestically and globally, could impact consumer confidence and lead to a cautious approach in the real estate market, potentially slowing down property price growth.
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If property prices go up in Bogotá, how much would they increase by?
If real estate prices in Bogotá were to rise in 2025, the increase would likely be around 3% to 7% of their 2024 values.
Typically, real estate in dynamic, emerging markets like Bogotá appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as neighborhood, economic conditions, and property type.
It means that, if you spot a charming 2-bedroom apartment in Chapinero for 500,000,000 COP today, don't be surprised if it's priced between 515,000,000 and 535,000,000 COP this time next year.
To give you a better understanding, here is a table that shows 7 types of Bogotá 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) |
|---|---|---|---|---|
| Apartment in Chapinero (60 sqm) | 500,000,000 | 515,000,000 | 525,000,000 | 535,000,000 |
| Modern Apartment in Usaquén (75 sqm) | 700,000,000 | 721,000,000 | 735,000,000 | 749,000,000 |
| Luxury Penthouse in Zona T (100 sqm) | 1,500,000,000 | 1,545,000,000 | 1,575,000,000 | 1,605,000,000 |
| Studio in La Candelaria (30 sqm) | 250,000,000 | 257,500,000 | 262,500,000 | 267,500,000 |
| Loft in Teusaquillo (80 sqm) | 800,000,000 | 824,000,000 | 840,000,000 | 856,000,000 |
| Townhouse in Santa Bárbara (150 sqm) | 2,000,000,000 | 2,060,000,000 | 2,100,000,000 | 2,140,000,000 |
| Investment Property in Suba (50 sqm) | 400,000,000 | 412,000,000 | 420,000,000 | 428,000,000 |
Everything you need to know is included in our Property Pack for Bogotá
If real estate prices go up in Bogotá, which areas are likely to see the biggest increases?
Today, people who want to move to Bogotá seek a blend of traditional charm and modern amenities, which Chapinero offers. Hence, we could see a price increase there in 2025.
Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and La Candelaria 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 Bogotá market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Chapinero | High | Recent development of luxury housing projects and its increasing appeal to international buyers as travel normalizes post-pandemic, driving demand. |
| Zona T | High | Expected rise due to limited housing stock, upcoming renovations to commercial areas, and growing demand for prime properties in central Bogotá. |
| Usaquén | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Centro Internacional | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Cedritos | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| La Candelaria | Medium | Investment in local infrastructure, such as the extension of tram lines and renovation of historic areas, is boosting long-term value. |
| Parque de la 93 | Medium-High | With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors. |
| Teusaquillo | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Salitre | Medium-High | Its proximity to major business centers, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| San Felipe | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Rosales | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| El Chicó | High | Upcoming restoration of cultural landmarks and high-profile projects are driving a renewed focus on this central, upscale location. |
-The best areas to buy a property in Bogotá
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation in Bogotá?
In 2025, Bogotá 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.
- Family-Sized Apartments in Suburban Areas:
With a growing demand for larger living spaces, especially among families, suburban areas near Bogotá are seeing increased interest. Proximity to green spaces and schools is a major factor driving value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In dense cities like Bogotá, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
Bogotá's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the city’s green goals, leading to price appreciation in this category.
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