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Yes, the analysis of Bogotá's property market is included in our pack
Bogotá's real estate market has shown moderate growth in 2025, with apartment prices averaging COP 6,923,503 per square meter and houses at COP 4,575,241 per square meter as of September 2025. The capital continues to be Colombia's most expensive property market, with significant price variations across neighborhoods ranging from COP 2,500,000 per square meter in affordable areas to over COP 10,000,000 per square meter in luxury zones.
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 property prices range from COP 2,500,000 to over COP 10,000,000 per square meter depending on location and property type. Apartments command higher prices than houses, with luxury properties in areas like Chapinero and Santa Bárbara leading the market.
The market has experienced moderate nominal growth of 5-7% over the past year, though inflation-adjusted prices have declined slightly by 1.27%.
| Property Type | Average Price per m² (COP) | Price Range (COP) |
|---|---|---|
| Apartments | 6,923,503 | 4,500,000 - 7,130,038 |
| Houses | 4,575,241 | 4,290,360 - 4,400,000 |
| Luxury Properties | 10,000,000+ | 10,000,000 - 15,000,000+ |
| Affordable Areas | 2,900,000 | 2,500,000 - 3,300,000 |
| City Center | 6,500,000 | 5,000,000 - 8,000,000 |
| Commercial Properties | 13,435,000 | 9,870,000 - 17,000,000 |
What is the average price per square meter in Bogotá right now?
As of September 2025, apartment prices in Bogotá average COP 6,923,503 per square meter, with a typical range between COP 4,500,000 and COP 7,130,038 per square meter.
Houses command lower prices at a median of COP 4,575,241 per square meter, generally ranging from COP 4,290,360 to COP 4,400,000 per square meter. The apartment market consistently outperforms the house market due to urban lifestyle preferences and better security features.
City center neighborhoods like Chapinero and Santa Bárbara see property prices ranging from COP 5,000,000 to COP 8,000,000 per square meter, reflecting their premium locations and amenities. These areas attract both investors and residents seeking proximity to business districts and cultural venues.
The price difference between apartments and houses reflects changing demographic preferences, with younger professionals and smaller families increasingly choosing apartment living over traditional houses.
It's something we develop in our Colombia property pack.
How has the price per square meter in Bogotá changed over the past 12 months?
Bogotá property prices have experienced moderate nominal growth over the past 12 months, with apartments increasing approximately 7% and houses rising 5-6% as of June 2025.
However, when adjusted for inflation, the real estate market shows a different picture with prices declining 1.27% in real terms. This means that while property prices increased in Colombian peso terms, they lost purchasing power relative to general inflation.
The market has recovered significantly from the sharp contraction experienced in 2023, with 2024 and 2025 showing steady improvement in both transaction volumes and price stability. Infrastructure developments, particularly the Metro Line 1 construction, have contributed to localized price increases in affected neighborhoods.
This mixed performance reflects broader economic conditions in Colombia, where inflation pressures have offset nominal property price gains, creating a market that appears stable but requires careful analysis for investment decisions.
What is the price range per square meter for properties in Bogotá from the cheapest to the most expensive?
Bogotá's property market shows dramatic price variations across different neighborhoods and property types, ranging from affordable to luxury segments.
The most affordable properties are found in neighborhoods like San Cristóbal and Ciudad Bolívar, where prices range from COP 2,500,000 to COP 3,300,000 per square meter. These areas offer entry-level opportunities for first-time buyers and investors seeking rental income properties.
Mid-range properties in neighborhoods like Suba, Engativá, and Fontibón typically cost between COP 3,000,000 and COP 4,000,000 per square meter, providing good value for families and investors looking for balanced returns.
At the top end of the market, luxury properties in exclusive areas command COP 10,000,000 or more per square meter, with some premium developments in Zona T and parts of Chapinero reaching even higher prices.
This wide price range creates opportunities for different investment strategies, from affordable rental properties to high-end appreciation plays.
What is the average price per square meter by neighborhood in Bogotá?
Bogotá's neighborhood prices vary significantly based on location, infrastructure, and local amenities, creating distinct market segments across the city.
| Neighborhood | Price Range (COP per m²) | Character |
|---|---|---|
| Chapinero | 4,500,000 - 5,000,000 | Business district, nightlife, cultural venues |
| Usaquén | 4,200,000 - 4,700,000 | Upscale residential, restaurants, shopping |
| Teusaquillo | 3,800,000 - 4,300,000 | Central location, universities, professional area |
| Suba | 3,500,000 - 4,000,000 | Growing residential area, good connectivity |
| Engativá | 3,200,000 - 3,700,000 | Industrial proximity, transportation hub |
| Fontibón | 3,000,000 - 3,500,000 | Airport area, logistics, emerging development |
| Ciudad Bolívar | 2,500,000 - 3,000,000 | Affordable housing, developing infrastructure |
What is the price per square meter for apartments versus houses in Bogotá?
Apartments in Bogotá command significantly higher prices per square meter compared to houses, with apartments averaging COP 6,923,503 per square meter versus houses at COP 4,575,241 per square meter.
This price premium for apartments reflects changing urban lifestyle preferences, with buyers valuing security features, amenities like gyms and social areas, and proximity to business districts. Apartments also tend to appreciate faster due to their appeal to young professionals and smaller families.
Houses, while offering more space and privacy, are typically located in peripheral areas where land costs are lower but commute times to the city center are longer. The house market attracts families seeking more space and traditional living arrangements.
New apartment developments particularly in areas like Chapinero and near future Metro stations are commanding premium prices due to modern amenities and superior locations.
Investment-wise, apartments generally offer better liquidity and rental yields, while houses may provide better long-term appreciation in established neighborhoods.
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What is the price per square meter for new builds compared to older properties in Bogotá?
New construction properties in Bogotá typically command premium prices compared to older properties, particularly in outer areas where developers are creating modern communities with contemporary amenities.
New builds offer several advantages including modern building standards, energy efficiency, contemporary layouts, and amenities like parking, security systems, and communal areas. These features justify higher per-square-meter prices, especially in areas undergoing urban development.
Older properties in established neighborhoods may have lower per-square-meter prices but can offer advantages like larger lot sizes, established infrastructure, and proximity to mature commercial areas. The price differential varies significantly by neighborhood and property condition.
Investors often find better value in new builds for rental income due to lower maintenance costs and modern features that attract tenants willing to pay premium rents.
What is the average rental price per square meter in Bogotá and how does it compare to purchase prices?
Rental prices in Bogotá's city center average between COP 1,500,000 and COP 2,500,000 per month for a one-bedroom apartment, translating to approximately COP 30,000 to COP 50,000 per square meter per month depending on location and amenities.
Bogotá's rental market offers attractive yields ranging from 5% to 7% annually, which are considered high relative to property purchase prices. These yields are particularly strong in mid-tier and affordable neighborhoods compared to luxury areas.
The rental market remains stable with consistent demand from students, young professionals, and temporary residents. Areas near universities and business districts command the highest rental rates and maintain the most stable occupancy levels.
For investors, the rental yield calculation shows that properties purchased at current market prices can generate solid returns, especially when targeting the growing demographic of urban professionals seeking modern apartment living.
It's something we develop in our Colombia property pack.
What is the price per square meter for commercial properties in Bogotá?
Commercial and office properties in Bogotá command significantly higher prices than residential properties, with median prices ranging from COP 9,870,000 to COP 17,000,000 per square meter depending on prestige and location.
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.
How does Bogotá's average price per square meter compare to other major Colombian cities?
Bogotá maintains its position as Colombia's most expensive property market, with apartment prices averaging COP 7,130,038 per square meter compared to Medellín's COP 6,073,565 and Cali's COP 4,556,818 per square meter.
The capital city commands approximately 34% higher prices than Cali and Barranquilla, reflecting its status as the country's economic and political center. This premium is justified by superior employment opportunities, infrastructure, and cultural amenities.
Medellín follows as the second most expensive market, offering better value for investors seeking exposure to Colombia's real estate sector while avoiding Bogotá's premium pricing. Cali represents the most affordable option among major Colombian cities.
For commercial and industrial properties, the pricing hierarchy changes slightly, with Medellín occasionally matching or exceeding Bogotá prices for specific property types, particularly industrial spaces.
What factors are currently influencing the price per square meter in Bogotá?
Infrastructure development, particularly the construction of Metro Line 1, is significantly impacting property prices in areas along the planned route, with properties near future stations experiencing notable price appreciation.
- Transportation Infrastructure: Metro Line 1 construction is creating price premiums in affected neighborhoods as buyers anticipate improved connectivity and reduced commute times.
- Urban Renewal Projects: Government-led neighborhood improvement initiatives are attracting private investment and driving up property values in previously overlooked areas.
- Economic Factors: Interest rates, inflation levels, and tax reforms continue to influence buyer sentiment and purchasing power across all market segments.
- Demographic Shifts: Growing preference for apartment living among young professionals is boosting apartment values relative to houses, particularly in central areas.
- Employment Centers: Proximity to business districts, universities, and major employers continues to command price premiums and stable rental demand.
What is the forecasted change in price per square meter in Bogotá for the next year?
Property prices in Bogotá are expected to continue moderate nominal growth of 5% to 7% through 2026, driven primarily by ongoing infrastructure projects and urban development initiatives.
However, real inflation-adjusted growth is projected to remain neutral or slightly negative if current inflation trends persist, meaning property values may maintain purchasing power but not generate significant real returns.
Areas near new transport lines, particularly Metro Line 1 stations, should outperform the market average as infrastructure benefits become more tangible. These locations offer the best prospects for above-average appreciation.
Upscale properties may face challenges with lower rental yields despite price increases, as luxury market demand shows signs of saturation while mid-market properties continue to attract stable interest.
It's something we develop in our Colombia property pack.
What is the average price per square meter for luxury properties in Bogotá?
Luxury properties in Bogotá's most exclusive areas command prices starting at COP 10,000,000 per square meter, with premium developments in Zona T, parts of Chapinero, and Santa Bárbara reaching significantly higher levels.
These high-end properties typically feature superior finishes, prime locations, concierge services, premium amenities, and architectural distinction. The luxury market caters to affluent Colombians and international buyers seeking prestige addresses.
The luxury segment has shown resilience during economic uncertainty, though growth has moderated compared to the broader market. Buyers in this segment prioritize location, exclusivity, and amenities over pure investment returns.
For investors, luxury properties offer prestige and potential long-term appreciation but may provide lower rental yields compared to mid-market properties due to limited tenant demand at premium price points.
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 property market offers diverse opportunities across price segments, from affordable neighborhoods starting at COP 2,500,000 per square meter to luxury properties exceeding COP 10,000,000 per square meter.
The market shows moderate growth with apartments outperforming houses, driven by infrastructure development and changing lifestyle preferences, making it essential for investors to focus on location and property type when making investment decisions.
Sources
- The LatinVestor - Average House Price in Colombia
- Aparthotel - Colombia Property Analysis
- Properstar - Bogotá House Prices
- The LatinVestor - Bogotá Price Forecasts
- The LatinVestor - Bogotá Real Estate Market
- Global Property Guide - Colombia Home Price Trends
- The LatinVestor - Bogotá Average Apartment Prices
- Fazwaz - Bogotá Commercial Real Estate
- Statista - Colombia Industrial Space Prices
- Numbeo - Bogotá Property Investment