Despite slight improvement in the construction sector, 1 in 4 households buying VIS housing still regrets it
New housing in Bogotá Photo: Valentina Delgadillo - Portafolio
TL;DR
- In January 2026, VIS housing purchase dropouts decreased compared to the previous year, with 1,996 renunciations versus 2,097 in January 2025.
- VIS housing continues to dominate the residential market, with 7,471 units sold in January 2026 compared to 3,690 non-VIS units.
- A government proposal seeks to fix VIS housing prices in Colombian pesos, decoupling them from annual minimum wage adjustments to prevent price volatility for buyers.
- In 2025, significant minimum wage increases led to automatic price hikes on un-escrowed VIS homes, sometimes exceeding COP 49 million, affecting buyers' ability to secure financing.
- The construction sector has implemented strategies to mitigate dropouts, including increased financial support for buyers and extended down payment periods.
- Regional data shows varied trends, with Quindío experiencing a 320% increase in VIS dropouts, while Nariño saw a 78% decrease.
- Bogotá and Cundinamarca, key markets, reported a 17% reduction in VIS dropouts in January 2026 compared to the previous year.