Bogotá House Prices Surge While Apartment Values Fall in Q3

Detached houses in Bogotá posted an average 8.4 percent price rise in the second quarter of 2026 while apartment units recorded a 3.2 percent drop, according to data compiled by the local property registry office.

The split arrives after the Banco de la República held its benchmark rate steady at 9.25 percent through June, leaving mortgage costs elevated for buyers who favor smaller floor plans. Families seeking more space have shifted toward standalone homes on larger lots, while investors have pulled back from studio and one-bedroom stock that dominated new construction between 2022 and 2024.

Neighborhood contrasts

In Chapinero, houses along Carrera 13 near Parque Lourdes now list at 14.8 million pesos per square meter, up from 13.6 million pesos in March. The same stretch shows apartments in mid-rise buildings on Calle 63 holding flat or slipping 1 percent. Across the city in Usaquén, properties inside the gated complexes along Avenida Calle 127 have seen unit prices fall to 11.2 million pesos per square meter, while older single-family homes on Carrera 9 command premiums above 15 million pesos.

Local programs such as the city’s Vivienda de Interés Social incentives have steered new supply toward apartments in the south, yet demand from middle-income households remains concentrated north of Calle 100. The Cámara de Comercio de Bogotá recorded 1,240 house sales in the northern districts during May, compared with 980 apartment transactions citywide.

Market outlook

Registry figures show the median house transaction price reached 1.85 billion pesos in June 2026, while the median apartment sale stood at 620 million pesos. Analysts at the Bogotá property registry note that inventory of unsold units has climbed to 4,800 across the city, the highest level since late 2023.

Prospective buyers weighing a move should compare lot sizes and maintenance fees on specific blocks rather than relying on broad averages. Checking recent sales on streets such as Calle 82 in Chapinero or Carrera 15 in Usaquén can reveal whether a house premium is justified for a given budget and commute.

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.