Used housing, the alternative that more and more Colombians are taking
Amidst the changes in Colombia's real estate sector, used housing is consolidating as a stable and profitable investment. For many...
TL;DR
- Used housing in Colombia is becoming more popular due to lower prices, established locations, and immediate occupancy.
- In 2025, used housing captured 70% of Colombia's real estate demand, significantly outpacing new housing sales.
- Factors boosting the used housing market include a slowdown in new housing subsidies and expanded government support allowing subsidies for used homes.
- Buyers prefer used homes for their affordability and location in developed urban areas with access to essential services.
- The majority of offered used housing in Colombia is older, with 32.2% being over 20 years old.
- Bogotá, Medellín, and Cali are the main cities with a high concentration of used housing offers, with Medellín representing 26.1% of the national inventory.
- Used housing is generally cheaper than new housing with similar characteristics.
- Subsidies can be used to purchase used housing through specific Family Compensation Funds since 2025.