Colombia: Property rights index

A subcomponent of the Index of Economic Freedom, the property rights index measures the degree to which a countrys laws protect private property rights, and the degree to which its government enforces those laws.

Higher scores are more desirable, i.e. property rights are better protected. Scores are from 0 to 100.

The index also assesses the likelihood that private property will be expropriated and analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts.

The Global Property Guide considers protection of property rights as a significant factor affecting the desirability of a residential real estate investment.

Source: The Heritage Foundation and the Wall Street Journal

Colombia is one of the two countries in Latin America with house price statistics, which are to be found at the excellent Departamento Administrativo Nacional de Estadistica (DANE) site. The time-series are quarterly, from 1998. There are no rentals statistics.

Colombia has good general economics statistics, also at the DANE site. The central bank, the Banco de le Rep�blica Colombiana, has a well-organized statistical section with time-series concentrating on financial sector indicators.