2-bedroom apartments, between $2 and $3.3 million, are the most sought after for rent in the country
The housing market in Colombia has changed pace. What was once a race to buy has now become a bet on renting. The ci...
TL;DR
- 71% of housing searches in Colombia in 2025 were for rentals, compared to 29% for sales.
- Economic factors such as high interest rates and uncertainty, along with cultural shifts favoring mobility, are driving the trend towards renting.
- Two-bedroom apartments are the most sought-after rental properties, especially in strata 3 and 4, with rents between $2 million and $3.3 million.
- New housing construction is experiencing significant challenges, with no new constructions started in January in several departments.
- Approximately 132,000 homes are at risk, representing about 27 trillion pesos in unexecuted investment.
- Major cities are seeing a cooling in new constructions, except for Medellín, which shows growth.
- Economic, regulatory, and political uncertainty are hindering long-term investment in new housing.