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Property Prices in Colombia: New Home Price Index in Bogota (2015=100)

Colombia, Medellin

Source: Banco de la Republica Colombia

House prices in Bogotá, Colombia, % change 1 yr

Nominal and inflation-adjusted ('real')

Colombia, Medellin

Source: Banco de la Republica Colombia


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
2023-7.97%-1.65%
2022-7.41%-2.93%-3.72%-3.55%
2021-1.33%-1.86%-0.64%0.88%
2020-2.36%1.81%-0.52%2.7%
2019-2.76%-1.06%0.24%1.27%
2018-1.34%-0.59%1.57%-0.24%
2017-3.26%-0.16%1.73%1.31%
2016-6.36%-1%2.23%1.19%
2015-2.45%-0.96%-0.8%-1.48%
2014-0.38%-0.53%0.46%0.21%
20131.21%0.62%1.08%3.92%
20121.72%2.47%3.29%3.35%
20110.91%2.33%1.61%0.96%
2010-0.13%1.59%2.9%1.27%
2009-1.94%0.89%2.98%2.06%
2008-4.28%-2.4%0.81%0.09%
2007-1.46%2.74%1.15%2.94%
20060.25%2.63%1.04%4.94%
2005-2.12%-0.91%2.08%1.17%
2004-2.17%2.35%1.2%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.