Barranquilla's new housing sales grow 4.6 times national average

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.

Barranquilla ended 2025 with 10,870 new homes sold, a 58.39% increase from the 6,863 units in 2024, according to the Camacol Atlántico report. This outcome contrasts with the national average of 12.45%, meaning the city grew 4.6 times faster than the rest of the country in No VIS, VIP, and VIS housing sales.

Mayor Alejandro Char highlighted the achievement on his X account: “¡Barranquilla crece 4,6 veces más en la venta de vivienda nueva que el resto del país! De acuerdo con un informe de @CamacolColombia, nuestra ciudad cerró el 2025 con una variación del 58.39% frente al 2024 en la venta de vivienda No VIS, VIP y VIS, mientras que el país mostró una variación del 12.45%”. He added: “esto demuestra que en Barranquilla cada vez más familias están cumpliendo el sueño de tener casa propia, gracias al subsidio distrital de vivienda ‘Mi Techo Propio’. ¡Y vamos por más!”.

The breakdown by segments shows gains across the board: No VIS with 3,208 sales (+73.78%), VIP with 2,339 (+40.31%), and VIS with 5,323 (+58.90%). After a slowdown between 2022 and 2023, Barranquilla's housing market resumed growth in 2024 and solidified it in 2025, reflecting sustained demand reactivation.

Nationally, President Gustavo Petro has pointed out that the housing sector's lower dynamism stems from high interest rates set by the Banco de la República, which discourage credit uptake. He noted that the government cut subsidies because they ended up in bank trusts unused, and suggested measures like removing tariffs on cement to lower prices. Additionally, the Ministry of Housing released a draft decree to set VIS and VIP prices in pesos, with caps at 135 and 90 minimum wages, respectively.

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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.

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.

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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.

President Gustavo Petro attributed the 171.3% increase in electric vehicle sales in the first quarter of 2026 to his gasoline vehicle tariff policy. In an X post, he hailed the outcome as progress in decarbonization and relief for air pollution-related mortality in cities like Bogotá and Medellín.

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The Barranquilla Carnival 2026 is projected to inject over $840 billion into the local economy, according to official estimates. It expects 820,000 visitors and more than 6 million spectators, while creating 193,000 temporary jobs.

In December 2025, Colombia created 603,000 new jobs, lowering the unemployment rate to 8.0%, a drop of 1.1 percentage points from 2024. Yet, 55.5% of workers, or about 13.45 million people, remain in informal employment. Experts note progress but warn of ongoing structural challenges in the labor market.

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Preliminary results from the Dane's National Urban Economic Census show Colombia has 219,042 street vending units, mostly in large cities like Bogotá. This activity includes stationary, semi-stationary, or mobile forms in public spaces. Dane director Piedad Urdinola clarifies that not all are itinerant, but street vendors with fixed stalls.

 

 

 

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