viernes, 28 de marzo de 2014

House prices rose over 10 per cent in Colombia

House prices rose by more than 10 per cent in Colombia in 2013, according to the state statistical agency DANE, with the capital Bogotá registering the highest rate of increase per square meter. Colombia has seen a steady rise in property prices for several years now, though officials intermittently insist there is no property bubble, partly because Colombians pay up front a significant part of their home price and mortgage lending has restrictions. Property prices rose 10.59 per cent nationwide in 2013, with appartment prices rising 10.3 per cent and houses 11.51 per cent, El Espectador reported on 27 March, citing DANE. Prices per square meter rose most in Bogotá, 11.02 per cent, followed by Bucaramanga in north-eastern Colombia with a 10.59 per cent increase. El Espectador cited Bucaramanga as the most expensive city for buying an appartment, presumably comparing prices per square meter.

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