Bogotá Apartment Prices Jump 4.1% as Northern Areas Lead Surge

Apartment prices across Bogotá rose 4.1 percent in the second quarter of 2026 compared with the same three months in 2025, according to transaction data compiled by the Lonja de Propiedad Raíz de Bogotá.

The increase arrives as construction costs remain elevated after the 2025 materials tariff adjustments and as buyers weigh financing rates that have held near 11.8 percent since March. Local demand has stayed firm because many households continue to view property as a hedge against currency swings tied to global energy markets.

Sales activity has been strongest along Calle 82 in Chapinero and around the Parque 93 business district, where mid-rise buildings completed between 2019 and 2022 continue to attract corporate tenants and young professionals. Listings near the TransMilenio station at Calle 100 have moved faster than those farther south in the Kennedy corridor.

Price levels by segment

Used apartments between 70 and 90 square meters now average 7.9 million Colombian pesos per square meter in the northern zone, up from 7.6 million pesos a year earlier. New units delivered in the first half of this year carry asking prices 5.3 percent higher than units handed over in the corresponding period of 2025, according to the June market brief issued by Fedelonjas.

Inventory levels have tightened to 4.2 months of supply in Chapinero and Usaquén, compared with 5.8 months recorded in July 2025. Projects still under construction along Avenida Carrera 9 report pre-sale absorption rates above 65 percent for units priced under 650 million pesos.

Buyer considerations for the coming months

Households planning purchases before year-end should compare fixed-rate mortgage offers from at least three banks before the expected September rate review by the Banco de la República. Checking the most recent Lonja valuation for the specific building remains the quickest way to confirm whether a listed price aligns with recent closed sales on the same block.

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.