Used housing, the alternative that more and more Colombians are taking

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.

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