Authored by the expert who managed and guided the team behind the Colombia Property Pack
Everything you need to know before buying real estate is included in our Colombia Property Pack
If you're looking at the Colombia real estate market in 2026, you're probably wondering how much homes actually cost right now.
We constantly update this blog post with the latest data on housing prices in Colombia, so you always get fresh numbers.
Below, you'll find current prices, neighborhood breakdowns, and concrete examples of what your budget can buy.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Colombia.
Insights
- The median home price in Colombia sits around COP 390 million ($94,000), which is about 23% lower than the average price because luxury properties in Bogota and Medellin pull the mean upward.
- New apartments in Colombia cost roughly 5% more than comparable used units, a smaller gap than many buyers expect given the modern amenities and lower maintenance costs of new construction.
- Bogota's La Cabrera neighborhood commands up to COP 12.9 million per square meter, making it nearly three times more expensive than mid-tier areas like Kennedy or Castilla.
- Colombia's housing prices rose about 91% in nominal terms over the past decade, but once you adjust for inflation, the real increase is closer to 12%.
- Buyers in Colombia typically negotiate a 6% discount from the listing price on resale properties, though new developer units often sell at or near the asking price.
- Apartments dominate the Colombia housing market, representing about 58% of all residential listings, while houses account for only 26%.
- Expats in Medellin's El Poblado neighborhood should budget between COP 800 million and COP 2.2 billion ($193,000 to $530,000) for a typical apartment with good amenities.
- Total buying costs in Colombia, including notary fees, registration, and legal review, add roughly 2.5% to 4.5% on top of the purchase price before any renovation work.
What is the average housing price in Colombia in 2026?
The median housing price is more useful than the average because it represents what a typical buyer actually pays, without being skewed upward by a few ultra-expensive luxury properties in places like Bogota's La Cabrera or Medellin's El Poblado.
We are writing this as of the first half of 2026, using the latest data collected from authoritative Colombian sources including DANE, Banco de la Republica, and Ciencuadras, all of which we manually verified.
The median housing price in Colombia in 2026 is approximately COP 390 million, which converts to about $94,000 or €86,000. The average housing price in the Colombia market in 2026 is higher at COP 504 million, equivalent to roughly $121,000 or €111,000.
About 80% of residential properties in the Colombia market in 2026 fall within a price range of COP 220 million to COP 850 million, or approximately $53,000 to $205,000.
A realistic entry range for the Colombia housing market in 2026 is COP 170 million to COP 230 million ($41,000 to $55,000 or €37,000 to €50,000), which gets you a 40 to 50 square meter VIS apartment in areas like Soacha or Ciudad Verde near Bogota.
Typical luxury properties in the Colombia market in 2026 range from COP 2.5 billion to COP 6 billion ($600,000 to $1.45 million or €550,000 to €1.32 million), which includes large apartments or penthouses of 200 to 350 square meters in Bogota's Rosales or La Cabrera, or Medellin's El Poblado, with high-end finishes and full building amenities.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Colombia.
Are Colombia property listing prices close to the actual sale price in 2026?
The estimated difference between listing prices and actual sale prices in Colombia in 2026 is approximately 6%, meaning buyers typically pay about 6% less than the asking price on resale properties.
This gap exists mainly because negotiation is culturally expected in Colombian resale transactions, and sellers often price higher anticipating this back-and-forth. The discount tends to be smaller for new developer units with fixed pricing, and larger for older properties that need updates or listings that started with overly ambitious asking prices.
Get fresh and reliable information about the market in Colombia
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What is the price per sq m or per sq ft for properties in Colombia in 2026?
As of early 2026, the median housing price per square meter in Colombia is approximately COP 4.9 million ($1,180 or €1,075), while the average price per square meter is COP 5.4 million ($1,300 or €1,185). In terms of price per square foot, the median is about COP 455,000 ($110 or €100) and the average is COP 502,000 ($121 or €110).
Properties in prime urban locations with scarce land, walkability, top schools, and security tend to have the highest price per square meter in Colombia in 2026, while properties in areas with long commutes and weaker local amenities have the lowest.
In Colombia in 2026, the highest prices per square meter are found in Bogota neighborhoods like La Cabrera, El Nogal, and El Retiro, ranging from COP 10 million to COP 13 million per square meter. Lower prices per square meter appear in peripheral areas like Soacha or southern expansion zones in Cali, where you might find rates around COP 3 million to COP 4.5 million per square meter.
How have property prices evolved in Colombia?
Compared to one year ago, housing prices in Colombia have increased by approximately 6% in nominal terms, though the real (inflation-adjusted) increase is closer to 1%. This modest growth reflects easing mortgage rates that improved affordability, combined with tight supply in desirable neighborhoods.
Looking back ten years to 2016, Colombia housing prices have risen about 91% in nominal terms, which sounds dramatic but translates to only about 12% in real terms after accounting for inflation. This long-term growth is driven by sustained urban migration to major metros like Bogota and Medellin, plus structural land scarcity in prime locations.
By the way, we've written a blog article detailing the latest updates on property price variations in Colombia.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Colombia.
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 types of properties are available in Colombia and how do prices compare in 2026?
In the Colombia housing market in 2026, apartments make up about 58% of listings, houses represent around 26%, and other property types like lots and farmhouses account for the remaining 16%, reflecting the strong preference for apartment living in Colombia's major urban centers.
Average prices by property type in Colombia as of the first half of 2026 are as follows: new apartments cost around COP 381 million ($92,000 or €84,000), used apartments average COP 420 million ($101,000 or €92,000), new houses run about COP 597 million ($144,000 or €131,000), and used houses average COP 746 million ($180,000 or €164,000). Used properties tend to cost more than new ones in the same category because they are often larger or located in more established, desirable neighborhoods.
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Colombia in 2026?
New construction in Colombia in 2026 typically costs about 5% more than comparable existing homes in similar locations.
This premium exists because new buildings offer better amenities, lower immediate maintenance costs, more efficient layouts, and modern construction standards, though a well-renovated older unit in a prime neighborhood can still command higher prices than a new unit in a less desirable area.
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An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
How do property prices vary by neighborhood in Colombia in 2026?
In Bogota's Chico and Parque 93 area, you'll find apartments in secure buildings ranging from 60 to 120 square meters, priced between COP 900 million and COP 1.8 billion ($217,000 to $434,000 or €197,000 to €395,000). This area commands premium prices because of its walkability, concentration of restaurants and offices, and proximity to international schools.
Medellin's El Poblado neighborhood offers apartments of 70 to 150 square meters in amenity-rich buildings, typically priced from COP 800 million to COP 2.2 billion ($193,000 to $530,000 or €175,000 to €482,000). Buyers pay a premium here for the strong safety perception, lifestyle infrastructure, and concentration of services that appeal to both locals and international residents.
Cartagena's Bocagrande and Serena del Mar areas feature ocean-view apartments and gated communities ranging from COP 1 billion to COP 3 billion ($241,000 to $723,000 or €219,000 to €658,000). The coastal lifestyle and tourism-driven demand push prices higher than many inland cities, especially for properties with water views.
You will find a much more detailed analysis by areas in our property pack about Colombia. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Profile | Avg Price Range | Per sqm | Per sqft |
|---|---|---|---|---|
| La Cabrera (Bogota) | Luxury / Prime | COP 1.0B-1.4B ($241k-$337k) | COP 11.8M-12.9M ($2,843-$3,108) | COP 1.1M-1.2M ($264-$289) |
| El Nogal (Bogota) | Luxury / Commute | COP 1.0B-1.35B ($241k-$325k) | COP 11.1M-12.7M ($2,675-$3,060) | COP 1.0M-1.2M ($249-$284) |
| El Retiro (Bogota) | Luxury / Lifestyle | COP 900M-1.25B ($217k-$301k) | COP 10.1M-11.9M ($2,434-$2,867) | COP 938k-1.1M ($226-$267) |
| Chico Norte III (Bogota) | Prime / Lifestyle | COP 950M-1.2B ($229k-$289k) | COP 9.1M-11.8M ($2,193-$2,843) | COP 845k-1.1M ($204-$264) |
| El Poblado (Medellin) | Expat / Premium | COP 800M-2.2B ($193k-$530k) | COP 8.5M-12M ($2,048-$2,892) | COP 790k-1.1M ($190-$269) |
| Rosales (Bogota) | Family / Prestige | COP 800M-1.15B ($193k-$277k) | COP 8.6M-10.5M ($2,072-$2,530) | COP 799k-975k ($193-$235) |
| Laureles (Medellin) | Mid-market / Popular | COP 450M-700M ($108k-$169k) | COP 6.5M-8.5M ($1,566-$2,048) | COP 604k-790k ($146-$190) |
| Bocagrande (Cartagena) | Coastal / Tourist | COP 1.0B-3.0B ($241k-$723k) | COP 9M-14M ($2,169-$3,373) | COP 836k-1.3M ($201-$313) |
| La Carolina (Bogota) | Commute / Family | COP 750M-980M ($181k-$236k) | COP 8.0M-9.5M ($1,928-$2,289) | COP 743k-883k ($179-$213) |
| Colina Campestre (Bogota) | Family / Mid-market | COP 500M-700M ($120k-$169k) | COP 6.5M-8M ($1,566-$1,928) | COP 604k-743k ($146-$179) |
| Envigado (Medellin) | Family / Residential | COP 600M-1.2B ($145k-$289k) | COP 5.5M-8M ($1,325-$1,928) | COP 511k-743k ($123-$179) |
| Ciudad Verde (Soacha) | Entry / Commuter | COP 170M-250M ($41k-$60k) | COP 3.5M-4.5M ($843-$1,084) | COP 325k-418k ($78-$101) |
How much more do you pay for properties in Colombia when you include renovation work, taxes, and fees?
When you factor in all buying costs in Colombia in 2026, expect to pay roughly 10% to 20% above the purchase price, which includes 2.5% to 4.5% for fees and taxes, plus 5% to 20% if renovation work is needed.
If you buy a property for around $200,000 (COP 830 million) in Colombia, you would add approximately COP 25 million to COP 37 million ($6,000 to $9,000) for closing costs like notary fees, registration, and legal review. If you want a light renovation, add another COP 42 million to COP 83 million ($10,000 to $20,000), bringing your total to roughly $216,000 to $229,000.
For a $500,000 property (COP 2.075 billion), your closing costs would run about COP 52 million to COP 93 million ($12,500 to $22,500). A moderate renovation might add COP 104 million to COP 208 million ($25,000 to $50,000), so your total all-in cost would be approximately $537,500 to $572,500.
If you're buying at the $1,000,000 level (COP 4.15 billion), expect closing costs of COP 104 million to COP 187 million ($25,000 to $45,000). Premium properties often need less renovation, but if you do refresh the unit, budget COP 208 million to COP 415 million ($50,000 to $100,000), putting your total around $1,075,000 to $1,145,000.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Colombia.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Colombia
| Expense | Category | Estimated Cost Range and Details |
|---|---|---|
| Notary fees | Closing costs | COP equivalent of 0.3% to 0.5% of the property price, or roughly $600 to $2,500 on a $500,000 purchase. Notary fees in Colombia are regulated and cover the official signing of the deed. These fees are typically split between buyer and seller, though arrangements vary. |
| Registration tax | Taxes | Approximately 1.0% to 1.7% of the property value, or $5,000 to $8,500 on a $500,000 property. This tax is paid to register the property transfer with the local land registry office. Rates vary slightly by department within Colombia. |
| Deed recording | Closing costs | Around 0.2% to 0.5% of the purchase price, or $1,000 to $2,500 on a $500,000 home. This covers the administrative cost of officially recording the new ownership. The fee is paid at the time of registration. |
| Legal review | Professional fees | COP 1.5 million to COP 6 million ($360 to $1,450) depending on complexity. A lawyer verifies the property title, checks for liens or encumbrances, and ensures the transaction is legally sound. This expense is highly recommended for foreign buyers. |
| Broker commission | Transaction | 0% to 3% of the purchase price, often paid by the seller but sometimes shared. On a $500,000 property, this could mean $0 to $15,000. Always clarify who pays the commission before signing any agreement. |
| Light renovation | Renovation | 5% to 10% of the property price, covering paint, flooring, and minor kitchen updates. On a COP 830 million ($200,000) apartment, expect COP 42 million to COP 83 million ($10,000 to $20,000). This level of work refreshes the space without structural changes. |
| Heavy renovation | Renovation | 12% to 20% of the property price for bathroom and kitchen rebuilds, rewiring, or plumbing updates. On a COP 830 million ($200,000) property, this means COP 100 million to COP 166 million ($24,000 to $40,000). Structural work or major upgrades fall into this category. |
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.
What properties can you buy in Colombia in 2026 with different budgets?
With $100,000 (approximately COP 415 million) in Colombia as of the first half of 2026, you can buy a used apartment of 65 to 75 square meters in Bogota's Kennedy or Castilla neighborhoods, a used apartment of 60 to 70 square meters in Medellin's La America area, or a small new VIS unit of 45 to 55 square meters in Cali's southern expansion zones.
With $200,000 (approximately COP 830 million), you can purchase a used apartment of 85 to 100 square meters in Bogota's Colina Campestre neighborhood, a used apartment of 90 to 110 square meters in Medellin's popular Laureles area, or a used family house of 140 to 170 square meters in a good residential neighborhood in Pereira.
With $300,000 (approximately COP 1.245 billion), you can afford an existing apartment of 100 to 120 square meters in Bogota's Santa Ana Occidental, an apartment of 110 to 140 square meters in Medellin's El Poblado in a non-prime pocket, or a coastal apartment of 80 to 95 square meters in Cartagena's Bocagrande area without direct oceanfront views.
With $500,000 (approximately COP 2.075 billion), you can buy an apartment of 140 to 180 square meters in Bogota's Chico or Parque 93 area, an apartment of 150 to 200 square meters in a premium El Poblado building in Medellin, or a family house of 220 to 300 square meters in Envigado's upper segment.
With $1,000,000 (approximately COP 4.15 billion), you can purchase a luxury apartment or penthouse of 220 to 320 square meters in Bogota's prestigious Rosales neighborhood, a top-tier apartment of 250 to 350 square meters in La Cabrera, or an ultra-premium apartment of similar size in Medellin's prime El Poblado locations.
With $2,000,000 (approximately COP 8.3 billion), you enter Colombia's thinnest luxury segment with limited listings, but you can find signature penthouses of 350 to 500 square meters in Bogota's La Cabrera or El Nogal, high-end houses with 500+ square meters of built area in Bogota's northern hills, or trophy waterfront properties in Cartagena's most exclusive branded residential developments.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Colombia.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Colombia, we always rely on the strongest methodology we can ... and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| DANE - IPVN | Colombia's official statistics agency publishing the official new-home price index. | We used it to track how fast new-home prices were moving. We cross-checked our 2025 to January 2026 price uplift assumptions against this official benchmark. |
| Banco de la Republica - IPVU | Colombia's central bank providing the official used-housing price concept and methodology. | We used it to understand used-home price dynamics. We cross-referenced it with private listing data to validate market trends. |
| Banco de la Republica - SUAMECA IPVNBR | The central bank's official data portal with transparent methodology for the new-home price index. | We used it to confirm La Galeria Inmobiliaria data appears in official statistics. We justified treating La Galeria-linked market data as methodologically sound. |
| BIS via FRED | The Bank for International Settlements is the standard international comparator for housing price indices. | We used it to compute ten-year nominal housing price growth from 2015 to 2025. We triangulated the long-run trend against Colombia-only sources. |
| DANE - IPC Historical | The official inflation series used for all real versus nominal comparisons in Colombia. | We used it to estimate inflation-corrected price changes over one year and ten years. We separated real growth from peso inflation effects. |
| Ciencuadras Q1 2025 Report | A major national marketplace report that cites La Galeria Inmobiliaria and Davivienda studies. | We used it for actual price levels in Colombian pesos by property type. We extracted market composition data to build national average estimates. |
| Metrocuadrado | A major national property portal citing the Lonja de Bogota study for neighborhood-level data. | We used it to build neighborhood price-per-square-meter ranges for Bogota. We explained why certain neighborhoods command premium prices. |
| Superfinanciera - TRM | The financial regulator that certifies Colombia's official daily exchange rate. | We used it to justify our currency conversion approach. We explained that all dollar conversions use the official TRM rate framework. |
| Banco de la Republica - TRM Series | The central bank's official time series access point for the representative market exchange rate. | We used it to anchor the TRM as the standard peso-to-dollar reference. We applied this framework for our January 2026 currency conversions. |
| Datos Abiertos Colombia - TRM | The official open-data platform providing auditable historical exchange rate datasets. | We used it to justify treating our currency conversions as verifiable. We supported our January 2026 dollar and euro conversions with this data. |
| La Republica | A leading Colombian business newspaper covering real estate market trends. | We used it to validate market sentiment and recent trends. We cross-referenced price movement narratives with official index data. |
| La Galeria Inmobiliaria | The primary data provider for new construction market analysis, used by the central bank. | We used it indirectly through Ciencuadras and Banco de la Republica reports. We validated that this source underpins official housing statistics. |
| Fedelonjas | The federation of Colombian real estate boards providing industry-level market data. | We used it to understand broker commission standards and transaction practices. We validated fee estimates against industry guidelines. |
| Lonja de Bogota | The Bogota real estate board conducting detailed neighborhood-level price studies. | We used their study as cited by Metrocuadrado for barrio-level price data. We built our Bogota neighborhood table from this foundation. |
| DNP | Colombia's National Planning Department providing economic and housing policy context. | We used it to understand VIS housing definitions and price ceilings. We validated entry-level market segment parameters. |
| Camacol | The Colombian Chamber of Construction providing industry statistics and forecasts. | We used it to validate new construction market trends. We cross-referenced supply-side data with price index movements. |
| Finca Raiz | A major Colombian property listing portal with extensive market coverage. | We used it to spot-check listing prices against our estimates. We validated that our ranges reflect actual market offerings. |
| Properati Colombia | A regional property platform providing listing data and market analytics. | We used it to cross-reference price per square meter estimates. We validated neighborhood-level price variations. |
| BBVA Research Colombia | A major bank providing economic research and housing market analysis. | We used it to understand mortgage rate trends affecting affordability. We validated our explanation of recent price dynamics. |
| Davivienda | A leading Colombian bank active in mortgage lending and housing market research. | We used it through Ciencuadras which cites Davivienda studies. We validated financing-related market dynamics. |
| Catastro Bogota | Bogota's official land registry providing property valuation data. | We used it as context for understanding official property valuations. We referenced it when explaining appraisal-based price constraints. |
| Secretaria de Hacienda de Bogota | Bogota's treasury department publishing property tax and registration information. | We used it to validate registration tax rates and closing costs. We ensured our fee estimates reflect current regulations. |
| Superintendencia de Notariado | The government body regulating notary services and fees in Colombia. | We used it to validate notary fee ranges for property transactions. We ensured our closing cost estimates are accurate. |
Get the full checklist for your due diligence in Colombia
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