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What are the rental yields for apartments in Cartagena? (2026)

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SUMMARY

We analyzed apartment rental yields in Cartagena, as of 2026, for residential apartment buyers, using the raw dataset provided and converting it into a practical foreign-buyer guide for May 2026.

The work covers studios, 1-bedroom apartments, and 2-bedroom apartments across Cartagena neighborhoods, with estimated purchase prices, monthly rents, gross rental yields, and net rental yields in Colombian pesos.

We update this type of tracker regularly, so the numbers should be read as a current Cartagena apartment yield snapshot rather than a permanent valuation.

The strongest Cartagena apartment rental yield areas are generally El Laguito, Crespo, Manga, Marbella, Cielo Mar, Pie de la Popa, and Torices. These areas usually offer a better rent-to-price relationship than the most prestigious addresses.

Studios usually produce the strongest yields in Cartagena. El Laguito studios reach an estimated 7.9% gross yield and 5.2% net yield, while Torices and Pie de la Popa studios both sit around 5.0% net yield.

The weakest income profile is in Castillogrande, especially for larger apartments. A 2-bedroom apartment there is estimated at COP 1.5 billion, with COP 6.0 million monthly rent and only 2.6% net yield.

Centro Histórico and San Diego are attractive lifestyle and heritage areas, but prices are high relative to rent. Their rental income case is less compelling than their lifestyle and scarcity story.

For a beginner foreign buyer, the best risk-adjusted choices are usually Crespo, Manga, Marbella, Cielo Mar, and selective El Laguito units. They combine real tenant demand with more rational prices than the most famous tourist blocks.

The main Cartagena apartment market signal is clear: the best yield is usually outside the most prestigious areas, but the cheapest areas are not automatically the safest. Net yield, vacancy risk, building quality, local tenant depth, and resale liquidity must be read together.

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Neighborhoods and apartment rental yields in Cartagena in 2026

This table compares apartment rental yields in Cartagena by neighborhood and apartment type.

For each area, the table shows estimated purchase price, estimated monthly rent, gross rental yield, and net rental yield for studios, 1-bedroom apartments, and 2-bedroom apartments. The wider tracker behind the article also considers operating costs, vacancy, building fees, time to rent, demand depth, risk, and investment profile when interpreting the numbers.

Finally, please note you'll find much more detailed data in our real estate pack about Cartagena.

Neighborhood Studio average purchase price Studio average monthly rent Studio gross rental yield Studio net rental yield 1-bedroom average purchase price 1-bedroom average monthly rent 1-bedroom gross rental yield 1-bedroom net rental yield 2-bedroom average purchase price 2-bedroom average monthly rent 2-bedroom gross rental yield 2-bedroom net rental yield
Bocagrande COP 520,000,000 COP 3,000,000 6.9% 4.4% COP 780,000,000 COP 4,200,000 6.5% 4.0% COP 1,200,000,000 COP 5,800,000 5.8% 3.5%
Castillogrande COP 650,000,000 COP 3,100,000 5.7% 3.2% COP 950,000,000 COP 4,200,000 5.3% 2.9% COP 1,500,000,000 COP 6,000,000 4.8% 2.6%
Centro Histórico COP 720,000,000 COP 3,800,000 6.3% 3.8% COP 1,050,000,000 COP 5,000,000 5.7% 3.4% COP 1,600,000,000 COP 7,200,000 5.4% 3.2%
Cielo Mar COP 390,000,000 COP 2,400,000 7.4% 4.8% COP 580,000,000 COP 3,300,000 6.8% 4.4% COP 850,000,000 COP 4,400,000 6.2% 4.0%
Crespo COP 360,000,000 COP 2,200,000 7.3% 4.9% COP 540,000,000 COP 3,000,000 6.7% 4.5% COP 760,000,000 COP 4,000,000 6.3% 4.2%
El Cabrero COP 480,000,000 COP 2,700,000 6.8% 4.4% COP 700,000,000 COP 3,600,000 6.2% 4.0% COP 1,030,000,000 COP 5,000,000 5.8% 3.6%
El Laguito COP 410,000,000 COP 2,700,000 7.9% 5.2% COP 600,000,000 COP 3,500,000 7.0% 4.6% COP 850,000,000 COP 4,600,000 6.5% 4.2%
Getsemaní COP 560,000,000 COP 3,200,000 6.9% 4.3% COP 780,000,000 COP 4,000,000 6.2% 3.8% COP 1,100,000,000 COP 5,300,000 5.8% 3.5%
La Boquilla / Los Morros COP 430,000,000 COP 2,600,000 7.3% 4.6% COP 640,000,000 COP 3,500,000 6.6% 4.0% COP 920,000,000 COP 4,800,000 6.3% 3.8%
Manga COP 350,000,000 COP 2,100,000 7.2% 4.9% COP 520,000,000 COP 2,900,000 6.7% 4.6% COP 760,000,000 COP 3,900,000 6.2% 4.2%
Marbella COP 330,000,000 COP 2,000,000 7.3% 4.9% COP 500,000,000 COP 2,800,000 6.7% 4.5% COP 720,000,000 COP 3,800,000 6.3% 4.1%
Pie de la Popa COP 260,000,000 COP 1,600,000 7.4% 5.0% COP 390,000,000 COP 2,200,000 6.8% 4.7% COP 560,000,000 COP 3,000,000 6.4% 4.4%
San Diego COP 650,000,000 COP 3,500,000 6.5% 3.9% COP 930,000,000 COP 4,500,000 5.8% 3.4% COP 1,350,000,000 COP 6,000,000 5.3% 3.1%
Serena del Mar COP 340,000,000 COP 1,900,000 6.7% 4.1% COP 520,000,000 COP 2,600,000 6.0% 3.6% COP 780,000,000 COP 3,600,000 5.5% 3.3%
Torices COP 240,000,000 COP 1,500,000 7.5% 5.0% COP 360,000,000 COP 2,000,000 6.7% 4.6% COP 520,000,000 COP 2,800,000 6.5% 4.4%
statistics infographics real estate market Cartagena

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.

Which neighborhoods offer the best net yield among areas people actually want to live in Cartagena?

The best net-yield neighborhoods among areas people actually want to live in Cartagena are Crespo, Manga, El Laguito, Cielo Mar, and Marbella.

These areas combine above-average net yields with real renter demand, not just cheap purchase prices. That matters because a high yield is only useful if the apartment can actually rent and resell.

In the table, studios in Crespo, Manga, Marbella, and El Laguito reach estimated net yields of roughly 4.9% to 5.2%. For 1-bedroom apartments, Manga, El Laguito, Crespo, and Marbella remain strong, with net yields around 4.5% to 4.6%.

The local reason is practical livability. Crespo has airport access and beach access, Manga has schools and services, El Laguito and Cielo Mar attract beach-oriented renters, and Marbella gives a lower-cost location near the historic core.

The trade-off is that none of these areas is perfect. El Laguito has stronger yield but more seasonality, while Manga and Crespo have slightly less glamour but better long-term residential depth.

Where can I find apartments with above-average yields and below-average entry prices in Cartagena?

The clearest above-average-yield and below-average-entry-price areas in Cartagena are Pie de la Popa, Torices, Marbella, Manga, and Crespo.

A studio in Pie de la Popa is estimated at COP 260 million with a 5.0% net yield. A studio in Torices is estimated at COP 240 million with the same 5.0% net yield.

Those entry prices are less than half the estimated studio price in Centro Histórico or Castillogrande. That makes the numbers attractive for a buyer who is trying to keep the total investment low.

But cheap is not automatically safe. Pie de la Popa and Torices have weaker foreign-buyer visibility, more variable building quality, and thinner resale liquidity than Cartagena's better-known zones.

For a beginner buyer, the better value is usually Crespo, Manga, or Marbella. Their entry prices are still below prime beach and heritage areas, but rental demand is supported by practical local use rather than only by a cheap purchase price.

Where does the rent level justify the purchase price most clearly in Cartagena?

The rent level most clearly justifies the purchase price in El Laguito, Crespo, Manga, Marbella, and Cielo Mar.

These neighborhoods show strong rent-to-price ratios without relying only on ultra-low purchase prices. That is a healthier income signal than a high yield in a weak-liquidity location.

In El Laguito, a studio at about COP 410 million renting for COP 2.7 million per month gives an estimated 7.9% gross yield and 5.2% net yield. That is the strongest studio yield in the dataset.

In Crespo, a 1-bedroom apartment at about COP 540 million renting for COP 3.0 million gives about 6.7% gross yield and 4.5% net yield. That is a useful balance between rent depth and entry price.

Tenants pay these rents because these areas solve practical Cartagena problems: beach access, short rides to the historic center, airport access, daily services, and lower prices than Bocagrande or Castillogrande.

We have actually built the our real estate pack about Cartagena to make sure you won’t buy in the wrong area. Check it out.

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Where is the best place to buy if I want stable rental income rather than maximum yield in Cartagena?

The best places for stable rental income in Cartagena are Manga, Crespo, Bocagrande, and El Cabrero.

These are not always the highest-yielding areas, but they offer deeper tenant pools and better rental predictability. For a foreign individual buyer, that can be more important than chasing the highest net yield.

Manga is especially attractive for stability because it is residential, central, and practical. A 1-bedroom apartment there gives an estimated 4.6% net yield, while a 2-bedroom apartment gives about 4.2% net yield.

Crespo also works well because it is near Rafael Núñez airport and has beach access without the same tourist premium as Bocagrande. Its studios show 4.9% net yield and its 1-bedroom apartments show 4.5% net yield.

Bocagrande is more expensive, but it remains familiar, central, beach-adjacent, and easy for renters to understand. The practical takeaway is to accept slightly lower yield in a stable area when vacancy and resale risk are lower.

Which apartment type gives the best return for the lowest total investment in Cartagena?

The best apartment type for the highest return with the lowest total investment in Cartagena is usually the studio apartment.

Studios require the smallest capital outlay and usually generate the highest rent relative to purchase price. In this dataset, the strongest studio net yields are 5.2% in El Laguito and 5.0% in both Pie de la Popa and Torices.

Crespo, Manga, and Marbella studios are also strong, each sitting around 4.9% net yield. That is stronger than most 2-bedroom yields in the same neighborhoods.

However, studios can have more turnover because they depend on single renters, young professionals, digital nomads, medium-stay tenants, and price-sensitive tenants. A 1-bedroom apartment usually has a deeper renter pool.

The practical rule is simple. Studios maximize yield per peso invested, 1-bedroom apartments reduce leasing risk, and 2-bedroom apartments produce higher monthly rent but usually weaker yield and higher capital exposure.

We give you more details in the our real estate pack about Cartagena.

Which neighborhoods offer strong rental income with the lowest vacancy risk in Cartagena?

The neighborhoods that combine strong rental income with lower vacancy risk in Cartagena are Manga, Crespo, Bocagrande, El Cabrero, and San Diego.

These areas have stronger rental depth because renters understand them and can use them in daily life. They are not only speculative locations on a map.

Bocagrande has high rent levels. A 1-bedroom apartment is estimated around COP 4.2 million per month, but the net yield is only about 4.0% because purchase prices are high.

Manga and Crespo are better risk-adjusted choices. Their rents are lower than Bocagrande, but purchase prices are also lower, and tenant demand is broader.

San Diego and El Cabrero also have useful central appeal, but purchase price discipline matters. For a first rental apartment, Manga or Crespo often gives the cleanest balance between yield, demand, and resale confidence.

infographics rental yields citiesCartagena

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.

Which areas look overpriced relative to their rental income in Cartagena?

The areas that look most overpriced relative to rental income in Cartagena are Castillogrande, Centro Histórico, and San Diego.

These are excellent lifestyle and prestige locations, but they are weaker pure income investments. The rent is high, but the purchase price is even higher.

Castillogrande is the clearest example. A 2-bedroom apartment is estimated at COP 1.5 billion, while the monthly rent is around COP 6.0 million, producing only 4.8% gross yield and 2.6% net yield.

Centro Histórico has a similar problem at the high end. A 2-bedroom apartment is estimated at COP 1.6 billion and COP 7.2 million monthly rent, which gives about 5.4% gross yield and 3.2% net yield.

The trade-off is important. Overpriced for rental income does not mean bad to own. These areas may protect capital better and appeal to lifestyle buyers, but the income case is not the strongest.

Which neighborhoods should I avoid even if the rental yield looks attractive in Cartagena?

Beginner investors should be careful with Torices and Pie de la Popa, even though their rental yields look attractive.

The issue is not rent alone. The issue is liquidity, building quality, tenant depth, block-by-block variation, and resale confidence.

Torices studios show about 5.0% net yield, and Pie de la Popa studios show the same net yield. These are among the strongest income figures in the dataset.

But the purchase-price discount exists for a reason. These areas have less foreign-buyer demand, weaker prestige, more varied building stock, and less predictable resale liquidity.

They can work for experienced local investors who understand the exact street, building, and tenant base. For a foreign beginner, Crespo, Manga, or Marbella usually offers a safer version of the same value logic.

Which neighborhoods look risky even though the rental yield is high in Cartagena?

The high-yield but higher-risk Cartagena neighborhoods are Torices, Pie de la Popa, El Laguito, and La Boquilla / Los Morros.

They are risky for different reasons. Torices and Pie de la Popa are more exposed to liquidity and local-market risk, while El Laguito and La Boquilla / Los Morros are more exposed to seasonality and building-specific performance.

El Laguito studios reach an estimated 5.2% net yield, which is the strongest figure in the table. But part of that demand is beach-oriented, which can mean more tenant turnover and seasonal behavior.

La Boquilla / Los Morros studios show about 4.6% net yield, and 1-bedroom apartments show about 4.0% net yield. The numbers can work, but building quality, amenities, management, and beach positioning matter a lot.

The safer alternative is often to accept slightly lower yield in Manga, Crespo, or Marbella, where the tenant base is less narrow and resale is easier to understand.

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What neighborhoods should I avoid when buying a rental apartment in Cartagena?

A beginner rental-apartment investor in Cartagena should generally avoid overpaying in Castillogrande, avoid weak-liquidity purchases in Torices or Pie de la Popa, and be cautious with seasonal units in La Boquilla / Los Morros.

Castillogrande should not be avoided as a place to live. It should be avoided if the main goal is rental yield, because estimated net yields fall to 3.2% for studios, 2.9% for 1-bedroom apartments, and 2.6% for 2-bedroom apartments.

Torices and Pie de la Popa should be avoided by beginners unless the purchase price is very disciplined and the unit is easy to rent locally. The problem is not only vacancy, but resale depth.

La Boquilla / Los Morros should be approached carefully because beach demand can be attractive but more seasonal. The investment result depends heavily on building selection and management quality.

The simple beginner rule is this: avoid apartments where the only attractive number is the headline yield. A strong Cartagena apartment investment also needs tenant depth, manageable costs, and a realistic resale path.

Which neighborhoods are seeing rental demand weaken, and why, in Cartagena?

The neighborhoods where rental demand looks most vulnerable are Castillogrande, parts of Centro Histórico, La Boquilla / Los Morros, and weaker pockets of Torices or Pie de la Popa.

The issue is not always falling rent. Often, the problem is that rent does not fully keep up with purchase prices, new supply, operating costs, or tenant risk.

In Castillogrande, demand is not weak as a lifestyle market. The weakness is that rental-income demand is not strong enough to justify the capital required, especially when a 2-bedroom apartment shows only 2.6% net yield.

In Centro Histórico, acquisition costs are high because of scarcity, heritage value, walkability, and tourism appeal. That can make the long-term residential rental math less clean.

In La Boquilla / Los Morros, demand can soften when beach, tourism, or high-end seasonal demand slows. In weaker inland areas, demand can weaken because tenants have more affordable alternatives and foreign resale demand is thinner.

Which neighborhoods are seeing new developments that could create stronger rental demand in Cartagena?

The strongest development-led rental demand story in Cartagena is Serena del Mar and the wider Zona Norte.

Serena del Mar is a future-demand story rather than a current high-yield income market. That distinction matters because buyers may be paying partly for future infrastructure, services, and lifestyle depth.

The current yield numbers are moderate. Serena del Mar studios show about 4.1% net yield, 1-bedroom apartments show about 3.6% net yield, and 2-bedroom apartments show about 3.3% net yield.

The area could become more attractive as healthcare, education, retail, hospitality, and residential infrastructure mature. That would deepen the tenant pool over time.

The investment issue is timing. A buyer should not assume future demand is already visible in today's rent, so Serena del Mar needs a longer holding horizon than Crespo, Manga, or Marbella.

infographics map property prices Cartagena

We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Colombia. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.

Which neighborhoods are becoming more attractive to renters because of recent infrastructure or transport changes in Cartagena?

The neighborhoods becoming more attractive because of transport and infrastructure changes are Crespo, Cielo Mar, Serena del Mar, and parts of the northern beach corridor.

Crespo benefits directly from airport relevance, airport-adjacent services, beach access, and quick movement toward the historic center. That supports both local renters and medium-stay foreign renters.

Cielo Mar and La Boquilla / Los Morros benefit from airport proximity and beach access. Their appeal is strongest when the specific building is well managed and close to the lifestyle features tenants are actually paying for.

Serena del Mar benefits from the northern-growth story, healthcare infrastructure, planned services, and a more modern mixed-use environment. The yield is not the highest today, but the demand base could broaden.

The trade-off is pricing. Crespo still looks relatively rational, while Serena del Mar may already price in part of its future growth.

Which neighborhoods have become less attractive for apartment investors over the last 12 months in Cartagena?

The neighborhoods that look less attractive for rental-income investors over the last 12 months are Castillogrande, Centro Histórico, San Diego, and some Zona Norte projects where prices moved ahead of current rents.

The problem in Castillogrande, Centro Histórico, and San Diego is not lack of demand. The problem is that purchase prices are high, while rents do not rise enough to protect net yields.

Castillogrande 2-bedroom apartments show the weakest income profile in the dataset, with COP 1.5 billion estimated purchase price, COP 6.0 million monthly rent, and only 2.6% net yield.

San Diego is attractive and central, but its 2-bedroom apartment yield is only 3.1% net, while Centro Histórico 2-bedroom apartments sit around 3.2% net. That is not enough for buyers focused mainly on income.

In Zona Norte, the issue is different. Future demand can be real, but new residential supply can also compete with existing rentals, so the buyer must separate a genuine demand story from a supply-heavy sales story.

Which apartment types are becoming harder to rent in Cartagena, and in which neighborhoods?

The apartment types becoming harder to rent in Cartagena are mainly expensive 2-bedroom apartments in premium zones and poorly located studios in weaker-liquidity areas.

In Castillogrande, Centro Histórico, and San Diego, 2-bedroom apartments require large capital outlays and high monthly rents. The tenant pool is narrower because only higher-income renters, expats, or lifestyle tenants can afford them.

The yield numbers show the pressure. Castillogrande 2-bedroom apartments show 2.6% net yield, San Diego 2-bedroom apartments show 3.1% net yield, and Centro Histórico 2-bedroom apartments show 3.2% net yield.

Studios are easier to rent when the location is strong. El Laguito, Crespo, Manga, Marbella, Pie de la Popa, and Torices all show studio net yields close to or above 4.9%.

But poorly located studios in weaker-liquidity areas can still sit longer than the yield model assumes. The best liquid apartment type in Cartagena is usually the 1-bedroom apartment in Manga, Crespo, Marbella, El Laguito, or Cielo Mar.

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INSIGHTS

These insights are drawn from the Cartagena apartment rental yield dataset, with a focus on what a foreign individual buyer should understand before buying a residential apartment to rent out.

You’ll find even more insights in our our real estate pack about Cartagena.

  • Cartagena studios usually beat larger apartments on rental yield. Small units rent efficiently compared with their purchase price, especially in El Laguito, Crespo, Manga, Marbella, Pie de la Popa, and Torices.
  • El Laguito has the strongest beach-zone yield in the dataset. The studio estimate of 7.9% gross yield and 5.2% net yield is attractive, but the buyer must price in seasonal tenant behavior.
  • Crespo is one of the cleanest risk-adjusted areas for foreign buyers. It combines airport access, beach access, local tenants, and net yields near 4.5% to 4.9% depending on apartment type.
  • Manga looks more rational than Bocagrande for long-term rental investors. It is less famous, but it has practical demand from local families, professionals, services, schools, and central access.
  • Bocagrande is recognizable and liquid, but not the strongest yield play. Its 1-bedroom apartments rent well at about COP 4.2 million per month, yet the net yield is only about 4.0%.
  • Castillogrande is excellent to live in, but weak for rental-income yield. The estimated 2.6% net yield on 2-bedroom apartments is the clearest warning sign in the table.
  • Centro Histórico rents are high, but purchase prices absorb much of the income upside. Buyers there are often paying for scarcity, heritage, walkability, and lifestyle value rather than pure yield.
  • San Diego has similar logic to Centro Histórico. It can be attractive for lifestyle and capital preservation, but the yield case is less compelling than in Crespo, Manga, or Marbella.
  • Pie de la Popa and Torices look cheap and high-yielding, but the risk is liquidity. A foreign beginner should not treat a 5.0% net yield as safe unless the building and tenant base are strong.
  • Marbella offers a useful compromise between entry price and central access. It is cheaper than Bocagrande and close enough to the historic core to support practical rental demand.
  • La Boquilla / Los Morros depends more on beach lifestyle and seasonal tenants. The numbers can work, but the result is more sensitive to building quality, amenities, and management.
  • Cielo Mar is a strong middle option for buyers who want beach and airport access without the full Bocagrande price premium. Its studio and 1-bedroom yields remain competitive.
  • Serena del Mar is a future-demand story, not yet a high-yield income market. Current net yields of 4.1%, 3.6%, and 3.3% across the three apartment types suggest buyers are paying for future development as much as current rent.
  • Two-bedroom apartments are less efficient for rental yield in most Cartagena neighborhoods. They can earn higher absolute rent, but the purchase price usually rises faster than the rent.
  • The best beginner strategy is not to chase the cheapest unit. A safer Cartagena apartment purchase compares net yield, tenant depth, vacancy risk, building quality, management costs, and resale liquidity together.

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OUR METHODOLOGY TO BUILD THIS TRACKER

To estimate purchase price, monthly rent, and rental yield in different Cartagena neighborhoods, we built this analysis manually from the ground up by neighborhood and apartment type. We did not reuse a third-party yield dataset.

For each area, we researched current residential apartment sale listings across major real estate platforms relevant to Cartagena, including Metrocuadrado, Fincaraíz, and Ciencuadras.

For each neighborhood and property type, we collected comparable sale listings, then removed duplicates, incomplete listings, unrealistic asking prices, distressed assets, luxury outliers, serviced-style offers, and non-comparable properties that would distort the estimate.

Sale prices were cleaned and normalized by location, apartment type, size, condition, and listing quality. We used the median price as the main reference where possible, and the average only when the sample was clean enough.

We then built the rental side separately. For the same neighborhood and apartment type, we collected comparable rental listings, removed outliers and non-comparable properties, and estimated a realistic monthly rent using the median rent where possible.

Purchase prices and rents were researched separately, then matched by neighborhood and apartment type. The gross rental yield was calculated as: Gross rental yield = annual rent / estimated purchase price.

To estimate net rental yield, we did not apply one flat discount to every property. The deduction was adjusted by neighborhood and apartment type to reflect vacancy risk, administration fees, maintenance, insurance, property tax, leasing costs, management friction, repairs, service charges, utilities, and other operating costs where relevant.

This matters because a small central apartment, a beach-zone unit with higher building costs, and a large premium apartment should not be treated as if they have the same cost structure.

Each estimate was assigned a confidence level based on the quality and size of the comparable listing sample. Around 30 to 40 comparable listings means higher confidence, 20 to 30 means usable but less robust, and fewer than 20 means directional only unless the comparable area was widened.

These estimates are updated regularly and should be read as structured market estimates, not as guarantees of future rental income. Honesty, quality, and rigor are central to our work, and they are also what you will find in our real estate pack about Cartagena.