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Growth of Residential Property Prices (Nominal, Local Currency) in Colombia

Source: National Statistical Office (House Price Index, New dwellings only), Helgi Analytics calculation
Last Updated: Jun 1, 2018

Colombia's nominal growth of residential property prices in the local currency amounted to 8.26 % in 2017 according to the the National Statistical Office. This is 3.24 % less than in the previous year (11.5 %).

Historically, nominal growth of residential property prices in the local currency in Colombia reached an all time high of 34.6 % in 1994 and an all time low of -1.93 % in 2002. When compared to Colombia's main peers, nominal growth of residential property prices in the local currency in Brazil amounted to -0.009 % and -8.39 % in Peru in 2017.

Colombia has been ranked 18th within the group of 73 countries we follow in terms of nominal growth of residential property prices in the local currency, 3 places behind the position seen 10 years ago.

The growth rate of residential property prices shows the average increase in price of housing units for the country during the year.

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