Housing starts in Bogotá reach two-decade record

In 2025, Bogotá recorded 49,883 housing starts, the highest since 2001, up 11.3% from 2024. Sixty-one percent were social and priority interest housing. The Habitat Secretariat highlights the impact on families and job creation.

Despite lower investment dynamism in the construction sector during 2025, Bogotá saw a significant recovery in housing starts. According to the Habitat Secretariat, 49,883 units were initiated, exceeding the previous high from 2001 and marking an 11.3% increase from the prior year.

District Habitat Secretary Vanessa Velasco emphasized the social benefits: “The real impact is on families. It is measured in every home that stops paying rent. In the child who grows up in a stable place. In the patrimony that begins to be built generation after generation. In a challenging national context, Bogotá demonstrates that when social housing becomes a priority, the city advances, generates employment, and reduces gaps”.

Of these starts, 61% were Social Interest Housing (VIS) and Priority Interest Housing (VIP), indicating a focus on affordability. Additionally, 22,692 building permits for new housing units were approved, a 24% rise from 2024.

The entity also noted that each public peso invested in housing generates up to 2.4 pesos in economic return, highlighting the local multiplier effect. This trend contrasts with national investment challenges but underscores the local commitment to housing as a development driver.

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Realistic illustration of Colombia's 2025 GDP growth at 2.6%, featuring cultural events, consumption, and a growth chart below expectations amid declining investment.
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The National Administrative Department of Statistics (Dane) reported that Colombia's economy grew 2.6% in 2025, below expectations of 2.8%. In the fourth quarter, GDP expanded 2.3%, driven by household consumption, the public sector, and cultural activities like concerts. Investment fell 2.9%, the lowest level in two decades.

In 2025, Barranquilla saw a 58.39% rise in new housing sales, outpacing the national growth of 12.45% by 4.6 times, per Camacol Atlántico data. Mayor Alejandro Char credited the 'Mi Techo Propio' subsidy program for this performance. The increase occurred across all housing market segments.

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President Gustavo Petro blamed the Banco de la República's high interest rates for the housing sector's contraction, which has seen 10 consecutive quarters of decline. The leader stated that these positive and growing real rates have prevented users from affording payments. Analysts, however, emphasize the drop in social interest housing as the main factor.

Demand has driven a 20.5% rise in second-hand housing prices in 2025, the highest increase in two decades. Cities like León, Ciudad Real, and Guadalajara lead the surges, according to Fotocasa's report. The average price hit 2,879 euros per square meter in December.

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The Bogotá Metro project has advanced to over 70% completion as of early 2026, including a key milestone of 10 kilometers of viaduct constructed. Mayor Carlos Fernando Galán highlighted this progress, alongside the ongoing dynamic tests in the Bosa workshop, as the project enters its final stretch.

Colombia's gross domestic product grew 3.6% in the third quarter of 2025, exceeding market expectations and marking the strongest expansion since 2022. The result was mainly driven by public spending and sectors such as commerce and public administration. However, activities like mining and construction showed contractions.

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At the close of 2025, Colombian columnists highlight distrust, governmental ineffectiveness, and an economic crisis worsened by debts and taxes as the main threats to the country. While criticizing official lies and poor fiscal management, they call for building trust, social commitment, and education for a hopeful future.

 

 

 

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