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As of September 2025, Barranquilla's residential property market shows strong momentum with apartment prices averaging COP 4,327,118 per square meter (approximately USD 1,130/m²). The commercial real estate sector commands higher prices at COP 7,800,000-8,800,000 per square meter for premium office spaces, making Barranquilla one of Colombia's fastest-growing property markets with a 14.77% price increase in the past year.
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Barranquilla's property prices reflect a dynamic market with apartments at COP 4.3 million per square meter and houses at COP 3.2 million per square meter as of mid-2025.
The city offers competitive pricing compared to major Colombian cities while maintaining strong growth potential and rental yields averaging 6% annually.
| Property Type | Price per m² (COP) | Price per m² (USD) |
|---|---|---|
| Apartments | 4,327,118 | 1,130 |
| Houses | 3,205,061 | 840 |
| Commercial/Office | 7,800,000-8,800,000 | 2,100-2,350 |
| Luxury Areas | 6,000,000+ | 1,570+ |
| Affordable Areas | 2,500,000-3,000,000 | 650-785 |
| New Developments | 4,500,000-5,500,000 | 1,175-1,440 |
| Rental Rate (monthly) | 58,800 | 15.4 |
What's the current average price per square meter for residential property in Barranquilla?
As of September 2025, residential property prices in Barranquilla show significant variation between property types.
Apartments command an average price of COP 4,327,118 per square meter, which translates to approximately USD 1,130 per square meter. This represents the median price point across the city and reflects the ongoing urban development and infrastructure improvements.
Houses are priced lower at COP 3,205,061 per square meter (about USD 840 per square meter). The price difference between apartments and houses reflects the premium placed on modern apartment complexes with amenities and central locations.
These prices position Barranquilla as a competitive market within Colombia, offering good value compared to major cities like Bogotá and Medellín while maintaining strong growth potential for investors.
It's something we develop in our Colombia property pack.
What's the current average price per square meter for commercial property in Barranquilla?
Commercial real estate in Barranquilla commands significantly higher prices than residential properties.
Premium office spaces range from COP 7,800,000 to COP 8,800,000 per square meter (approximately USD 2,100 to USD 2,350 per square meter) based on Q2 2024 data. These figures apply to new, high-demand office spaces in prime business districts.
The commercial market remains competitive but still trails behind major business hubs like Bogotá and Medellín. However, Barranquilla's strategic location as a Caribbean port city and growing economy make it increasingly attractive for commercial investment.
The price differential between commercial and residential properties reflects the income-generating potential of commercial spaces and the premium placed on prime business locations.
How have average prices per square meter in Barranquilla changed over the last 12 months?
Barranquilla has experienced one of the strongest price growth rates among Colombian cities in the past year.
Apartment prices increased by 14.77% in 2024, making Barranquilla one of the fastest-growing real estate markets in Colombia. This substantial growth reflects strong demand, new construction activity, and ongoing infrastructure development throughout the city.
Houses have followed national and regional upward trends with steady growth, though specific percentage increases for houses are tracking slightly below apartment growth rates.
The strong price appreciation is driven by several factors including urban modernization projects, improved connectivity, and increased investor interest in Caribbean Colombia's real estate market.
This growth trajectory places Barranquilla among the top-performing Colombian property markets, attracting both domestic and international investment.
What are the price differences per square meter between Barranquilla's most expensive and most affordable neighborhoods?
| Neighborhood Category | Price Range (COP/m²) | Price Range (USD/m²) |
|---|---|---|
| Luxury Areas (Riomar, Villa Santos, Alto Prado) | 6,000,000+ | 1,570+ |
| City Average | 4,327,118 | 1,130 |
| Mid-Range Neighborhoods | 3,500,000-4,500,000 | 915-1,175 |
| Transitional Areas | 3,000,000-3,500,000 | 785-915 |
| Affordable/Peripheral Areas | 2,500,000-3,000,000 | 650-785 |
What's the price per square meter for newly built properties compared to older properties in Barranquilla?
New developments command a significant premium over older properties in Barranquilla's market.
Newly built properties, particularly in areas like the riverfront and La Circunvalar, range from COP 4,500,000 to COP 5,500,000 per square meter. These premium prices reflect modern amenities, contemporary design, and desirable locations.
Older properties in traditional neighborhoods typically range from COP 2,500,000 to COP 3,500,000 per square meter. Properties requiring renovation or located in less developed areas can be found at the lower end of this range.
The premium for new construction reflects buyer preference for modern amenities, energy efficiency, and updated infrastructure. Investors often target older properties for renovation and value-add opportunities.
This price differential creates opportunities for different investment strategies, from turnkey purchases to renovation projects.
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What's the average rental price per square meter in Barranquilla?
Barranquilla's rental market offers attractive yields for property investors.
Long-term residential rentals average COP 58,800 per square meter per month, generating annual rental yields of approximately 6% citywide. This yield rate makes Barranquilla competitive within the Colombian rental market.
Short-term rental properties through platforms like Airbnb show different metrics with an average daily rate of USD 47 and occupancy rates around 44%. The average annual income for short-term rental listings reaches approximately USD 7,000 per property.
The 6% rental yield represents a strong return compared to many international markets and reflects the growing demand for rental properties in Barranquilla's expanding economy.
Rental demand is supported by the city's role as a major port and business center, attracting both domestic migrants and international professionals.
What's the current supply of properties for sale in Barranquilla, measured in total square meters available?
Barranquilla maintains a balanced property inventory that supports healthy market dynamics.
The city typically has 4,000 to 5,000 residential units available for sale at any given time, including both apartments and houses. With average unit sizes ranging from 70 to 120 square meters, this translates to approximately 350,000 to 600,000 square meters of active market supply.
This inventory level represents a healthy balance between supply and demand, preventing both oversupply and severe shortages that could destabilize pricing.
The steady supply is maintained through ongoing new construction projects and existing property turnover, supporting continued market growth and price stability.
It's something we develop in our Colombia property pack.
How many transactions have been recorded in Barranquilla in the past year, and what was their average price per square meter?
Transaction volume in Barranquilla has increased alongside rising property prices throughout 2024 and into 2025.
While specific monthly transaction data isn't publicly released, market indicators show sales volumes have risen significantly, evidenced by new development launches and a 15% increase in new construction projects over the past year.
The average recorded price for apartment transactions stands at COP 4,327,118 per square meter as of June 2025, reflecting the overall market strength and investor confidence.
Increased transaction activity demonstrates market liquidity and investor confidence in Barranquilla's property market fundamentals.
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 construction cost per square meter in Barranquilla right now?
Construction costs in Barranquilla vary significantly based on quality level and specifications.
| Construction Level | Cost per m² (COP) | Cost per m² (USD) |
|---|---|---|
| Basic Construction | 2,300,000 | 600 |
| Mid-Level Construction | 3,000,000 | 785 |
| Luxury Construction | 4,000,000 | 1,045 |
| Premium Luxury | 4,500,000+ | 1,175+ |
| Commercial/Office | 3,500,000-4,500,000 | 915-1,175 |
How do price per square meter figures in Barranquilla compare with other major Colombian cities?
Barranquilla offers competitive pricing within Colombia's major urban centers.
Bogotá leads with the highest prices at USD 1,500-2,000 per square meter (COP 6.4M-7.1M), followed by Medellín at USD 1,400-1,900 per square meter (COP 6.1M-6.5M). Cartagena shows mixed pricing from USD 800-1,200 per square meter depending on the area.
Barranquilla's range of USD 700-1,000 per square meter (COP 4.2M average) positions it favorably for investors seeking growth potential at accessible price points. Cali shows similar pricing at USD 950-1,150 per square meter (COP 3.7M-4.6M).
This positioning makes Barranquilla attractive for investors who want exposure to a major Colombian city without the premium prices of Bogotá or Medellín.
The price differential reflects Barranquilla's growing but still developing status compared to more established markets.
What's the average time properties in Barranquilla spend on the market before selling, and at what price per square meter do they actually close?
Barranquilla's property market shows healthy liquidity with reasonable time-to-sale periods.
Properties typically spend 2 to 4 months on the market for mid-priced properties, though well-priced listings in high-demand neighborhoods can sell faster. Luxury properties and those in premium locations may move more quickly due to limited supply.
Closing prices typically settle at 5% to 10% below initial asking prices unless the property is in luxury zones or high-demand areas where negotiation room is limited.
The negotiation margin reflects normal market dynamics and gives buyers some flexibility while ensuring sellers achieve fair market value for their properties.
It's something we develop in our Colombia property pack.
What's the forecasted change in price per square meter for Barranquilla over the next 12 months?
Market forecasts indicate continued growth for Barranquilla's property market through 2025 and into 2026.
Both apartments and houses are projected to experience 5% to 6% price growth over the next 12 months. This forecast is supported by sustained demand, ongoing infrastructure projects, and continued development of luxury builds throughout the city.
The growth projection assumes normal economic conditions without major external shocks such as significant economic downturns or major policy changes affecting real estate investment.
Key growth drivers include Barranquilla's role as a major Caribbean port, ongoing urban development projects, and increasing recognition as an attractive investment destination within Colombia.
This projected growth rate would maintain Barranquilla's position as one of Colombia's more dynamic property markets while keeping prices accessible compared to major centers like Bogotá and Medellín.
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.
Barranquilla's property market in September 2025 presents compelling opportunities for both investors and residents seeking competitive prices with strong growth potential.
With apartment prices at COP 4.3 million per square meter and projected 5-6% annual growth, the city offers an attractive entry point into Colombia's expanding Caribbean coast real estate market.
Sources
- The LatinVestor - Barranquilla Price Forecasts
- Statista - Colombia Office Sales Prices
- The LatinVestor - Average House Prices Colombia
- The LatinVestor - Barranquilla Property Market
- The LatinVestor - Barranquilla Real Estate Market
- Fazwaz - Barranquilla Rental Properties
- Airbtics - Barranquilla Airbnb Revenue
- Realtor.com - Barranquilla Properties
- Eduardo Mestre - Construction Costs Colombia
- Global Property Guide - Colombia Price History