Bogota, Colombia
Property prices · 2024 · Americas
Property price trend in Bogota (2024–2026)
Property comparison — cities in Colombia (2024)
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Bogota in 2024?
In Bogota, the average price per sqm in the city centre is COP 5,500,000, and COP 3,200,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Bogota in 2024?
A 1-bedroom apartment in Bogota rents for approximately COP 1,800,000 per month in 2024. A 3-bedroom apartment costs around COP 3,500,000/month.
Is it better to buy or rent in Bogota?
Buying may offer better long-term value in Bogota. The price-to-rent ratio is 13.0x — it would take approximately 13.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 12.80%.
What are mortgage rates in Colombia in 2024?
The average mortgage rate in Colombia is approximately 12.80% as of 2024. With a price-to-rent ratio of 13.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Bogota?
The average property price per square metre in Bogota city centre is COP 5,500,000 in 2024. Outside the centre, expect to pay around COP 3,200,000/sqm.