Bogotá Property Prices Surge Again, Matching 2021's Boom Year Growth

Average asking prices for apartments in Bogotá’s established residential corridors rose 18 percent between January 2025 and June 2026, matching the rate recorded during the same six-month stretch of the 2021 cycle.

The parallel matters now because construction costs have climbed again and inventory remains tight in the same corridors that led the earlier run-up. Developers who held back units in 2021 are releasing them at higher base prices, while interest rates on new mortgages sit near 11.8 percent, compared with the 7.9 percent average that fueled volume in 2021.

Neighborhood price movements

In Chapinero, units along Calle 53 between Carrera 7 and Carrera 13 now list at 7.4 million pesos per square meter, up from 6.1 million pesos in early 2025. A similar pattern appears in the block surrounding Parque de la 93, where resale apartments posted a 16 percent year-on-year increase, according to listings tracked by the local multiple-listing service. Both zones drew strong domestic buyer interest in 2021; the current wave includes more corporate relocations tied to the expanding financial district around Calle 100.

Further north in Usaquén, new projects near the old train station site have priced at 6.9 million pesos per square meter, roughly 1.4 million pesos above the 2021 launch levels for comparable buildings. Sales velocity in that pocket reached 42 units in the second quarter, close to the 48-unit quarterly average seen five years earlier.

Financing and supply outlook

Bank data released last month showed that new mortgage originations for properties above 500 million pesos grew 12 percent in the first half of 2026, the same growth band recorded in 2021. Yet the share of foreign buyers has dropped from 9 percent to 4 percent, shifting demand toward local end-users who rely more on savings plans than on leverage.

Buyers considering a move in the next six months should compare current listings against the 2021 benchmark prices published by the Cámara Colombiana de la Construcción for the same addresses. Checking the exact square-meter figure and the remaining inventory in each building gives a clearer picture than headline averages alone.

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.