Seven out of ten housing searches in Colombia in 2025 were for rentals

In 2025, 71% of housing searches in Colombia focused on rentals, according to Fincaraiz platform's annual report, which recorded 81 million views and 9.1 million annual queries. Two-bedroom apartments led the demand, with average rents between 2 and 3.3 million pesos. Bogotá topped the activity, followed by Medellín and other major cities.

Colombia's real estate market in 2025 showed a clear preference for rentals, with 71% of searches on the Fincaraiz platform aimed at this option, compared to 29% for purchases. This trend highlights the growing influence of digital decisions in the housing sector, where the platform had 4.8 million monthly active users.

Apartments were the most queried property type, accounting for 66% of total searches, followed by houses at 21% and studio apartments at 9%. For rentals, demand focused on two-bedroom apartments, with average rents between 2,000,000 and 3,300,000 pesos. "The most requested properties were two-bedroom apartments for rent, with average values between $2,000,000 and $3,300,000," stated Lesly Posada, Fincaraiz's commercial director.

Interest centered on strata 3 and 4, with high query turnover. Bogotá led the volume, where apartments captured 73% of searches, houses 16%, studio apartments 9%, and others 2%. Medellín followed with 68% for apartments, 17% for houses, and 10% for studio apartments. In Cali, apartments made up 58%, houses 26%, and studio apartments 13%. Barranquilla recorded 69% for apartments, and Bucaramanga 69.5%.

Price increases were noted in Bogotá, Medellín, Cartagena, and the Coffee Axis, driven by demand in areas with good connectivity, security, and functional spaces. This pattern underscores the market's shift toward accessible and urban options.

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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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Colombia's gdp growth in 2025 reached 2.6%

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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.

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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Since 2016, rental prices in Spain have risen 92%, nearly four times faster than salaries, which grew only 24%. This has pushed the cost of a medium-sized apartment above 40% of the average gross salary, making housing access an increasingly tough challenge for many, especially young people and immigrants.

Colombia's National Administrative Department of Statistics (Dane) reported that annual inflation for January 2026 stood at 5.35%, up 13 basis points from January 2025. Driven by lodging services, restaurants, and food, the figure slightly exceeded market expectations. This data will guide the Central Bank's monetary policy decisions.

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Reservations for Barranquilla Carnival 2026 are up 12% year-over-year per Viajes Falabella, with Bogotá at 46% of national bookings and Medellín at 18%. Couples and small families dominate, planning 3-4 day stays amid the event's massive draw.

On March 3, 2026, the US dollar in Colombia exceeded $3,800, marking a $28 rise in one day and the highest levels of the year so far. Analysts link this increase to geopolitical tensions and local elections, but do not anticipate it reaching $4,000. Experts suggest gradual purchases amid potential temporary volatility.

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In January 2026, Colombia's unemployment rate stood at 10.9%, the lowest for any January since 2001, with 324,000 more workers than in the same month of 2025. The number of unemployed people fell by 186,000 to 2.8 million. This improvement was driven by growth in self-employment and people leaving the labor force.

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