property
Bogotá Property Prices Jump 3.8% as Growth Outpaces Last Year
Second-quarter data released on 7 July show residential values climbing faster than the 2.4 percent recorded in the same months of 2025.
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Bogotá residential prices rose 3.8 percent in the April-to-June quarter compared with the same stretch in 2025, according to preliminary tallies compiled by the Lonja de Propiedad Raíz.
The increase arrives as the city’s construction pipeline slows after two years of high interest rates and as buyers weigh the impact of national fiscal adjustments expected in the second half of 2026. Sellers in established neighbourhoods now face tighter competition from new inventory scheduled for completion before December.
Chapinero and Teusaquillo Lead Local Moves
Units along Calle 53 in Chapinero registered the strongest quarterly lift, with average asking prices reaching 9.1 million Colombian pesos per square metre. In Teusaquillo, apartments near the Parque de los Hippies posted a 4.2 percent year-on-year gain, driven by demand from professionals working at the nearby headquarters of the Secretaría de Planeación Distrital. Both zones sit within five kilometres of the TransMilenio trunk line on Avenida Caracas, where commuting times remain under twenty minutes for most residents.
The Lonja report, dated 6 July, drew on 2,147 closed transactions across 18 barrios. It placed the city-wide median price at 7.8 million pesos per square metre, up from 7.5 million pesos twelve months earlier. Apartments between 70 and 90 square metres accounted for 61 percent of sales, while units larger than 120 square metres showed only a 1.9 percent price rise.
Buyer Steps for the Second Half
Prospective purchasers should lock in pre-construction prices on projects along Avenida 7 before the end of September, when several developers plan to adjust listings by an estimated 2 percent. Those already in the market can compare listings on the Lonja’s public portal against recent sales at the same address to negotiate reductions of 3 to 5 percent on units that have lingered beyond sixty days. Mortgage rates offered by Banco Davivienda and Bancolombia currently sit at 11.4 percent for qualified buyers with down payments above 30 percent.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.