Colombian residential property values continued a moderate upward trend in 2025, rising an average of 3.45% across the nation’s capital cities, excluding Bogotá, according to new data from the National Administrative Department of Statistics (DANE).The latest Property Valuation Index (IVP) reveals a varied landscape of growth, with some cities experiencing ample gains while others lag behind.This report offers a key snapshot of the country’s housing market, a sector increasingly watched by both domestic and international investors amid Colombia’s evolving economic climate [[1]].
Colombia’s residential property values increased by an average of 3.45% in 2025, according to the National Administrative Department of Statistics (DANE)’s Property Valuation Index (IVP). The index tracks average price changes for residential properties in the country’s capital cities, excluding Bogotá.
This data provides a key indicator of trends in the Colombian housing market, though DANE clarifies that the IVP serves as a statistical reference and should not be used in place of individual property appraisals. The index reflects the annual average change in commercial valuations of residential properties.
Cities Leading and Lagging in Property Value Growth
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Of the 22 cities included in the IVP, ten experienced property value increases exceeding the national average. Manizales led the way with a 6.48% increase, followed by Pasto (5.97%), Popayán (5.54%), Tunja (5.35%), and Armenia (5.19%).
Pereira (4.87%), Sincelejo (4.54%), Valledupar (4.27%), Montería (4.06%), and Villavicencio (3.77%) also registered growth above the national average. These regional variations highlight the diverse dynamics at play within Colombia’s real estate sector.
Regional Disparities in Property Valuation
Conversely, twelve cities saw property value increases below the national average. Florencia recorded a modest increase of 3.06%, while Ibagué saw a 3.04% rise. Santa Marta and Riohacha both experienced growth of 2.96%.
Neiva (2.91%), Medellín (2.90%), Cali (2.86%), Barranquilla (2.79%), Bucaramanga (2.78%), Cartagena (2.69%), Cúcuta (2.56%), and Quibdó (2.23%) also posted gains below the 3.45% national average. The data underscores the localized nature of Colombia’s property market.
Year-Over-Year Changes in Property Values
Comparing 2025 data to 2024 figures, twelve cities demonstrated higher growth rates. Manizales saw the most significant increase, with a jump of 2.95 percentage points, followed by Pereira (1.97 points) and Popayán (1.95 points). This acceleration in property value growth suggests strengthening demand in these areas.
Cities Experiencing Decelerated Growth
However, eleven cities experienced a slowdown in property value growth compared to the previous year. Bucaramanga saw the largest decline, with a decrease of 2.79 percentage points. Florencia (-2.42 points), Barranquilla (-2.03 points), and Neiva (-1.98 points) also recorded notable decelerations.
Overall, the IVP indicates moderate growth in Colombian residential property values in 2025, with significant regional differences reflecting local market dynamics and updated property assessments. The report provides valuable insight for investors and policymakers tracking the health of the country’s housing sector.
