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House prices in Antioquia are unlikely to go down in the near term and are expected to continue rising moderately through 2025-2026. The region's property market shows strong fundamentals with demand outstripping supply, declining mortgage rates, and continued economic recovery driving price growth of 3-7% annually.
Property values in Antioquia have demonstrated remarkable resilience, with average prices more than doubling over the past decade. Current market conditions including falling unemployment, improving economic indicators, and substantial foreign investment suggest the upward price trajectory will continue, making significant price declines unlikely in the foreseeable future.
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.
Antioquia's housing market is experiencing steady growth with prices rising 3-7% annually, driven by strong demand and economic recovery.
Current market conditions including declining mortgage rates, stable employment, and infrastructure investment support continued price appreciation through 2026.
| Market Indicator | Current Status | Trend |
|---|---|---|
| Average House Price | COP 5,555,963/m² | Rising 3-7% annually |
| Average Apartment Price | COP 6,320,785/m² | Rising 3-7% annually |
| Time to Sell | 2-3 months | Active market |
| Mortgage Rates | 8-12% | Declining |
| Unemployment Rate | 8.6-10.3% | Stabilizing/Falling |
| Housing Supply vs Demand | Demand exceeds supply | Favors price growth |
| New Housing Sales Growth | 31.5% increase (2024) | Strong recovery |
What have been the average house prices in Antioquia over the past 10 years?
House prices in Antioquia have experienced dramatic growth over the past decade, with values more than doubling between 2015 and 2025.
The average annual price growth has ranged from 9-15% in high-demand areas, resulting in a cumulative increase of 150-200% across the region. This represents one of the strongest property appreciation periods in Antioquia's recent history.
As of September 2025, average property prices in Antioquia stand at COP 5,555,963 per square meter for houses and COP 6,320,785 per square meter for apartments. Premium areas in Medellín, particularly El Poblado, command significantly higher prices reaching COP 11-12 million per square meter.
The decade-long price surge has been driven by urbanization, increased foreign investment, infrastructure improvements, and Colombia's economic stabilization. Even during economic uncertainties in 2022-2023, prices showed resilience with only temporary slowdowns rather than meaningful declines.
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How much have house prices in Antioquia changed in the past 12 months?
House prices in Antioquia have risen between 3-7% year-over-year as of September 2025, with most areas averaging 2-3% growth.
The strongest price appreciation has occurred in emerging tourist destinations and developing neighborhoods. Guatapé houses have seen the highest growth at 10% year-over-year, while emerging Medellín neighborhoods have experienced approximately 9% price increases.
This growth represents a return to steady appreciation following the market volatility of 2022-2023. The recovery has been supported by declining mortgage rates, improved economic conditions, and renewed investor confidence in Colombia's property market.
Established areas like El Poblado and Laureles have shown more moderate but consistent growth in the 3-5% range, reflecting their market maturity and premium positioning.
What is the current housing supply versus demand in Antioquia?
Demand significantly outstrips supply in Antioquia's housing market, creating favorable conditions for continued price appreciation.
New housing sales increased by 31.5% in 2024, representing a strong recovery from the 40% decline experienced in 2023. However, this demand surge has not been matched by proportional supply increases, as many developers reduced new project launches during the economic uncertainty.
The supply shortage is particularly acute in desirable urban areas and emerging tourist destinations. Continued urbanization and internal migration to Antioquia's major cities, combined with increasing foreign investment, has intensified demand pressure on available housing stock.
While unsold home inventory has increased in some segments, the overall market dynamic favors sellers, with properties selling relatively quickly and buyers often facing limited options in popular neighborhoods.
What is the average time it takes to sell a house in Antioquia right now?
The average time to sell a house in Antioquia is currently 2-3 months as of September 2025, reflecting an active and competitive market.
This selling timeframe varies significantly based on location and property type. Premium properties in established neighborhoods like El Poblado and Laureles often sell faster, sometimes within 4-6 weeks, while properties in developing areas or those requiring significant renovations may take 3-4 months.
The relatively quick turnover time indicates strong buyer demand and appropriate pricing by sellers. Properties priced competitively for their location and condition typically generate multiple inquiries within the first few weeks of listing.
Tourist-oriented properties and those suitable for short-term rentals tend to sell particularly quickly, often within 1-2 months, due to high investor interest in Antioquia's growing tourism sector.
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How many new housing units are expected to be built in Antioquia in the next 12 months?
More than 180,000 new housing units are expected to be launched for sale nationwide in Colombia during the next 12 months, with Antioquia's urban zones representing a significant portion of this development.
National forecasts predict 9% growth in new housing sales for 2025, followed by 11.5% growth in 2026. Given Antioquia's position as Colombia's second-largest economy and a major urban center, the region is expected to capture a substantial share of this new construction activity.
The development focus is primarily on urban areas including Medellín, Envigado, and other metropolitan municipalities where demand remains strongest. Mixed-use developments and projects targeting both local buyers and foreign investors are particularly prominent in the pipeline.
However, the pace of new launches may be constrained by developer caution following the 2023 market slowdown, potentially keeping supply growth below demand increases and supporting continued price appreciation.
What is the current mortgage interest rate in Colombia, and how has it changed in the past year?
Current mortgage rates for property buyers in Colombia range from 8-12% as of September 2025, representing a significant improvement from the elevated rates of 2023.
The Colombian central bank's policy rate stands at 11.25% as of mid-2024 and is expected to continue declining through 2025. Commercial bank lending rates have correspondingly decreased from 14.84% in January 2025 to 14.37% in February 2025.
This downward trend represents substantial relief for homebuyers compared to the peak rates above 13% experienced in 2023. The rate reductions have been a key driver of the housing market recovery, making property purchases more affordable for both domestic and international buyers.
Further rate cuts are anticipated as Colombia's central bank continues its monetary easing cycle, which should provide additional support for housing demand and price stability throughout 2025-2026.
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What percentage of household income in Antioquia is typically spent on housing?
Households in Antioquia typically spend 25-35% of their income on housing costs, with significant variation based on income levels and housing choices.
Lower-income households and renters often allocate above 40% of their income to housing in urban areas, reflecting affordability pressures in desirable locations. This percentage aligns with global urban benchmarks but indicates housing cost stress for many families.
The housing cost burden has increased over the past decade as property prices have risen faster than average incomes. Middle-class families purchasing homes often commit 30-35% of household income to mortgage payments, while upper-income households typically maintain the 25-30% range.
Foreign buyers and investors generally face less affordability pressure due to favorable exchange rates and often higher income levels, contributing to continued demand pressure on the market.
What is the current unemployment rate in Antioquia, and is it rising or falling?
The unemployment rate in Antioquia's urban areas is estimated at 8.6-10.3% as of September 2025, closely tracking Colombia's national unemployment rate of 8.6-9.7%.
The unemployment trend is stabilizing and gradually falling, representing significant improvement from higher rates experienced during 2022-2023. Job creation in urban centers, particularly in Medellín's technology and service sectors, has contributed to this positive trend.
The improving employment situation supports housing demand by increasing household purchasing power and confidence in making long-term financial commitments like property purchases. Stable employment also encourages internal migration to Antioquia's urban centers.
Continued job growth is expected through 2025-2026, driven by foreign investment, infrastructure projects, and Colombia's economic recovery, providing additional support for the housing market.
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What are analysts or local real estate agencies forecasting for Antioquia's housing market in the next 12 months?
Analysts and local real estate agencies forecast continued moderate price growth of 3-7% annually across Antioquia through 2025-2026, driven by infrastructure development and sustained international investment.
National projections indicate new housing sales will rise 9% in 2025 and 11.5% in 2026, with Antioquia expected to participate strongly in this growth. Rental yields are projected to remain stable at 5-8% annually for long-term rentals, with short-term vacation rentals achieving higher returns.
Tourist areas are expected to perform particularly well, with occupancy rates exceeding 85% in popular destinations like Guatapé and rural Antioquia. Infrastructure improvements including transportation projects and connectivity enhancements are expected to support property values.
The consensus among local experts is that while dramatic price increases like those seen in the past decade are unlikely, steady appreciation will continue, making significant price declines highly improbable through 2026.
How have rental prices in Antioquia moved in the past year?
Rental prices in Antioquia have continued rising steadily over the past year, with increases of 5-15% in various sectors as of September 2025.
Premium neighborhoods including El Poblado, Laureles, and Envigado have shown the highest rental rate increases, reflecting their continued desirability among both local and international tenants. Tourist zones have experienced particularly strong rental growth due to increased occupancy and tourism recovery.
The rental market has been supported by several factors including urban migration, foreign residents choosing to rent before purchasing, and strong demand for short-term vacation rentals. Tourist areas have seen major occupancy increases, with some destinations achieving over 85% occupancy rates.
Rental price growth has outpaced general inflation, indicating robust demand for rental properties and supporting the investment case for buy-to-let properties in Antioquia's major urban centers.
Are there any upcoming government policies, taxes, or subsidies that could impact the housing market in Antioquia?
Decree 0572/2025 introduces new withholding tax rules affecting property transactions, representing the most significant recent policy change impacting Antioquia's housing market.
The Colombian government maintains ongoing programs to promote sustainable housing development, with various subsidies and tax incentives under continuous review. Future modifications to these programs could impact both affordability for buyers and investment attractiveness.
Mortgage subsidies and tax incentives are being evaluated for potential adjustments, which could influence buyer behavior and market dynamics. The government's focus on infrastructure development, particularly in urban areas, is expected to continue supporting property values.
No major policy changes are anticipated that would negatively impact property values, and the overall regulatory environment remains supportive of real estate investment and development in Antioquia.
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What has been the historical impact of economic downturns on Antioquia house prices?
Historical analysis shows Antioquia's property market demonstrates notable resilience during economic downturns, with prices typically rebounding rapidly rather than experiencing prolonged declines.
The most recent downturn in 2023 saw house price appreciation stall and new sales decline by 40%, but recovery was swift and strong. By 2024, sales had recovered with 31.5% growth, supported by falling interest rates and economic stabilization.
Attractive urban areas and tourist destinations have shown particular resilience during economic stress, often maintaining value better than peripheral or rural properties. Foreign investment has provided additional stability during domestic economic challenges.
The pattern suggests that while economic downturns can temporarily slow price growth, Antioquia's fundamentals including urbanization trends, tourism appeal, and infrastructure development support relatively quick recovery periods, making sustained price declines historically rare.
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.
Antioquia's housing market shows strong fundamentals with demand exceeding supply, declining mortgage rates, and steady economic recovery.
Current conditions including foreign investment, infrastructure development, and tourism growth support continued moderate price appreciation through 2026.
Sources
- Properstar Colombia Antioquia House Prices
- The Latinvestor Antioquia Price Forecasts
- BBVA Research Colombia Real Estate Outlook 2025
- Convexo Real Estate Law Colombian Market Projections 2025
- Global Property Guide Colombia Price History
- CEIC Data Colombia Bank Lending Rate
- Trading Economics Colombia Unemployment Rate
- Medellin Advisors Property Management Trends 2025