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In which cities in Colombia will it become more expensive to buy a home in 2023?

By Daniel Salazar Castellanos

The increase in the costs of construction materials, the strong inflation that has not been alien to the sector, and the delays in the continuity of state subsidies have impacted the construction sector in the country.

In the last twelve months to March, less than 200,000 new homes were sold in Colombia, 25.4% less than in the previous period.

This situation is also generating direct effects on the price of housing in the country, where 40.2% of households in 2022 lived in rented or subleased housing, 34.9% in fully paid housing, and . . .

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