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Dec 26, 2012

No strong house price movement in Colombia


Last Updated: Dec. 26, 2012
CHAPINERO ALTO - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
65 sq. m. 111,670 661 7.10% 1,718 10.17
120 sq. m. 172,920 1,315 9.13% 1,441 10.96
200 sq. m. 364,000 2,300 7.58% 1,820 11.50
300 sq. m. 674,700 3,717 6.61% 2,249 12.39
CHICO - Apartments
70 sq. m. 160,440 1,236 9.24% 2,292 17.65
120 sq. m. 219,000 1,740 9.54% 1,825 14.50
175 sq. m. 338,100 2,478 8.79% 1,932 14.16
275 sq. m. 546,975 5,126 11.25% 1,989 18.64
COUNTRY - Apartments
65 sq. m. 112,515 739 7.88% 1,731 11.37
120 sq. m. 188,640 1,135 7.22% 1,572 9.46
200 sq. m. 392,400 2,318 7.09% 1,962 11.59
300 sq. m. 753,300 3,825 6.10% 2,511 12.75
SANTA BARBARA - Apartments
65 sq. m. 126,515 859 8.14% 1,948 13.22
120 sq. m. 174,600 1,075 7.39% 1,455 8.96
200 sq. m. 355,600 2,046 6.90% 1,778 10.23
300 sq. m. 662,100 4,365 7.91% 2,207 14.55
SANTA BARBARA - Houses
200 sq. m. 306,800 2,068 8.09% 1,534 10.34
450 sq. m. 770,850 4,707 7.33% 1,713 10.46
800 sq. m. 1,876,000 8,096 5.18% 2,345 10.12
Districts researched
Chico, Country, Santa Barbara and Chapinero Alto are all located in the city of Bogota.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

There has been little movement of residential prices in Columbia that we can detect. In some places prices have moved up, on others down, but there has been no strong systematic trend – though on balance, overall, there has been a slight upward movement. Rents, similarly, have not moved strongly, but there has been some slight downward pressure on rents, in some locations.

Across the Bogota districts that we cover, gross rental yields range from 6.5% to 9.6%, with most yields being around 7% to 8%.





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