Strong house price rises in Colombia, successful presidential transition
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House prices in Colombia rose strongly in 2010, boosted by a peaceful transition to a new president, and generally bright economic prospects. House prices market are expected to continue rising in 2011, aided by Colombia’s investment rating upgrade in March to investment grade. In 2010, average house prices rose 9.25% (6.38% in real terms).
Colombian house prices are on a rising upswing – the y-o-y price rise to Q3 2010 was 8.30%, after a 6.60% y-o-y price rise to Q2, and 5.45% price rises in 2009.
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