'Aumentamos la capacidad de compra de los hogares hasta en un 76% y redujimos la cuota inicial hasta en un 91%'
Vanessa Velasco Bernal, secretaria Distrital del Hábitat de Bogotá Foto: Cortesía
TL;DR
- Bogotá's housing policy, using subsidies, has maintained and boosted its housing market despite a national slowdown in the construction sector.
- Over 26,000 housing subsidies were allocated during Mayor Carlos Fernando Galán's administration, with a significant portion in 2025, improving housing access for low-income families.
- The policy prioritizes women (64.2%), young households (28%), and victims of armed conflict (10.5%), with 63% of beneficiaries earning less than 1.6 minimum wages.
- Programs like Oferta Preferente and Mejora tu Casa are key components, addressing diverse needs from new home purchases to home improvements and temporary rentals.
- The housing subsidies have increased household purchasing power by up to 76% and reduced down payments by up to 91%.
- The policy stimulates the construction sector, which grew by 5.4% in Bogotá in 2024, contributing significantly to local economic growth and employment.
- The rise in the minimum wage for 2026 poses challenges, potentially increasing housing prices and reducing the real purchasing power of subsidies, prompting adjustments in subsidy amounts.
- Future goals include allocating around 14,000 subsidies in 2026, with a focus on home improvement, alongside continued support for acquisition and rental programs.
- Urban development projects aim to revitalize 43 neighborhoods and improve public spaces, promoting well-located housing and sustainable urban growth.