Colombia real estate market — prices, rental yield and trend

• Average price: $2,570 / m²
• Gross rental yield: 6.5%
• 12-month price change (USD): 38.4%
• Net rental yield: 4.23%
• Transaction cost: 5.2%
• Bubble-risk band: moderate
• Price basis: national average

Colombia is one of the faster-moving markets Glopra tracks: the average residential square metre now costs $2,570, +38.4% in dollar terms over the last twelve months. That makes it the 194th most expensive of the 264 markets in the set. In local currency the same twelve months read +8.8%; the 29.6-point gap is the exchange rate, not the housing market.

What a buyer pays in Colombia

The $2,570 figure is a national average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 5.2% of the price here. On a 100 m² apartment at the average price that is roughly $13,364 on top of the $257,000 purchase price. That is below the 9.5% median across the set, which shortens the time it takes for a purchase to break even. Inside Colombia we track 2 local markets separately: Bogotá at $2,781 (8.2% above the national figure) down to Medellín at $1,741.

What it earns

A square metre lets for about $13.9 a month. Against a purchase price of $2,570 per square metre that is 6.5% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 65th of 311 markets by gross yield. Rental income is taxed at 20–35% — the rate is not a single number here. That is the difference between 4.2% and 5.2% net on the same property. The 4.2% net figure we publish uses 35%.

How the tax works. 35% on net taxable income of Colombian source (Tax Statute art. 247), which with no deductions equals the gross rent. Where the tenant is a withholding agent the 20% rental withholding (art. 408) is final (art. 592), which is the lower end of the band; a private tenant is not a withholding agent, so the owner files at 35%. Source: estatuto.co.

Where the price sits against its own history

Prices are +49.7% over five years and +55.5% over ten in local terms. Today’s level sits 23.6% above the country’s own long-run trend. A gap that size does not have to close, but it is the number to watch. Glopra’s bubble-risk score for Colombia is 53 out of 100 — moderate risk. Of the 65 markets scored, 40 read higher.

Colombia house price index, 2016–2026 (2016 = 100)

Rebased to 100 in 2016, the index stands at 183.3 in 2026. The series is in local currency, and the twelve-month numbers above show how much of that a dollar buyer actually keeps.

Who can buy in Colombia

Freehold, no restrictions. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Colombia is built from asking prices from listings. It was last refreshed on 2026-10-12. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: dane.gov.co · globalpropertyguide.com. Snapshot: 2026-10-12.