What a square metre costs in Colombia
There is no MLS here and no public record of closed sales. This is the closest thing to a comparable that exists in English — and we will always tell you where the number came from.
| Neighborhood | City | Elevation | Buy, USD / m² | Rent, furnished 1BR / mo |
|---|---|---|---|---|
| El Poblado | Medellín | 1,590 m | $1,700–$3,000 | $700–$1,400 |
| Laureles | Medellín | 1,480 m | $1,200–$2,100 | $450–$900 |
| Envigado | Medellín | 1,575 m | $1,000–$1,800 | $400–$800 |
| Chapinero | Bogotá | 2,620 m | $1,300–$2,400 | $500–$1,000 |
| Ranges, not quotes. Sourced from public asking prices, not closed sales. | ||||
Figures are indicative 2026 ranges compiled from public listing portals and agent conversations. They are not quotes, offers or appraisals, and they move with the COP/USD rate. Always commission a local avalúo before you commit to a price.
Why this data is harder than it should be
In the United States, every closed sale is a public record, and Zillow can tell you what the unit next door actually sold for. Colombia has no equivalent. Property transfers are registered, but prices are not compiled into any public, queryable dataset.
The practical consequence is that asking prices in Colombia are anchored to other asking prices, not to transactions. In neighbourhoods with heavy foreign demand, that becomes a feedback loop: a listing prices high, a foreign buyer with no comparables pays close to asking, and the next listing prices higher still.
Three defences, in order of usefulness:
- Commission an independent avalúo. A licensed Colombian appraiser has access to comparables and professional liability. This is the real answer.
- Ask what similar units in the same building are listed at, then ask how long they have sat. Time on market is the honest signal.
- Use a buyer-side agent whose fee does not come from the seller.
What moves these numbers
- The exchange rate. These are USD conversions of COP prices. A 10% currency move changes every figure on this page without a single Colombian price changing.
- Estrato. Higher stratification means higher utility tariffs and generally higher per-m² pricing on the same construction quality.
- Building age and administración. A cheaper older unit with a high monthly fee and a pending special assessment is not cheaper.
- Metro proximity. In Medellín, walkability to a metro or tranvía station carries a real premium.
We sample public asking prices on Colombian listing portals each quarter, discard obvious outliers, convert at the prevailing rate, and cross-check against conversations with local agents. We do not have access to closed-sale data because it does not exist publicly. Treat every figure here as a sanity check, never as a valuation.
Got a quote and want a second opinion?
Send us the neighbourhood, the size in m² and the asking price. We will tell you where it sits in the range we are seeing.
Send it over