The Colombian Federation of Root Property Exchange (Fedelonjas) presented on Thursday a ranking of the cities with the highest valuation of properties at the local level.
This figure is just 0.27% lower than the 2016 figure, according to the Property Valuation Index (IVP) of the National Statistics Department (Dane).
This slight decline “shows that the value has been maintained throughout the year, which is an indicator of the positive dynamics of the goods used during a year full of ups and downs in the sector,” said the president of Fedelonjas, María Clara Luque.
The IVP, which estimates the changes in value in real estate for housing, analyzes 22 cities: Armenia, Barranquilla, Bucaramanga, Cali, Cartagena, Cúcuta, Florencia, Ibagué, Manizales, Medellín, Montería, Neiva, Pasto, Pereira, Popayán, Quibdó, Riohacha, Santa Marta, Sincelejo, Tunja, Valledupar and Villavicencio.
For 2017, DANE analyzed a probabilistic sample that included 4,919 properties.
The cities with the highest number of properties investigated were Cali with 308, Medellín with 299, Sincelejo with 280 and Riohacha with 260. The coverage for the twenty-two cities was 95.63%.
It is important to note that Bogotá is excluded because it has an indicator calculated by the local cadastral authority.
The report states that of the 22 cities included in the DANE coverage, 10 had an increase in the value of residential real estate but below the average (5.21%).
They are Armenia with 2.63%, Manizales with 2.87%, Neiva with 3.13%, Cartagena with 3.29%, Montería with 3.43%, Santa Marta with 4.57%, Barranquilla with 4.74%. %, Sincelejo with 4.81%, Florencia with 5.06% and Medellín with 5.11%.
This is the list of the cities with the lowest valuation:
According to María Clara Luque, these results show that prices have been stabilizing. “When it comes to investing in real estate, especially when looking for short and medium term income, the expected value is an important element, which is why it is recommended to always choose a recognized real estate professional that will help you choose the most profitable asset. “, complemented the trade union leader.