Price/Rent Ratio in Colombia compared to Latin America
This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.
- Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
- Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
- Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated June, 2024
Argentina | 22 yrs |
Chile | 21 yrs |
Brazil | 18 yrs |
Mexico | 18 yrs |
Peru | 17 yrs |
Panama | 16 yrs |
Uruguay | 15 yrs |
Dom. Rep. | 15 yrs |
Puerto Rico | 14 yrs |
Colombia | 14 yrs |
Costa Rica | 14 yrs |
Colombia real estate data, including prices, rents, and sizes in square meters, has been compiled and analyzed from the following sources:
- Banco de la Republica Colombia
- Metrocuadrado
- Fazwaz