2022: A YEAR OF UNCERTAINTY OR CERTAINTY IN THE REAL ESTATE SECTOR?

No. At this time, there is no information regarding a new lockdown, and as long as that remains the case, the real estate market will not be affected. Thanks to the current return to normalcy, the economy can stabilize in a shorter period of time.

How have different types of properties performed?

Houses for rent in Medellín and other residential properties have recovered across all areas of the Aburrá Valley. Likewise, commercial properties have shown greater reactivation. Contrary to what was expected due to remote work, offices for rent in Medellín have also performed better.

What is the trend regarding vacancies?

This year, due to the shifts caused by the pandemic, there has been a decrease in vacancies. Even people who moved to more rural or countryside areas during lockdown are now returning to the city. This indicates that current figures are normal in relation to this behavior.

Which areas of the Aburrá Valley are showing a trend toward high appreciation, and why?

More than specific areas, there is a general shortage of available properties in many parts of the city, which is driving prices up. We have observed low supply and high demand. Additionally, due to market reactivation, foreign interest has increased—particularly in furnished apartments for rent in Laureles and El Poblado, as well as apartments for sale in El Poblado and in the western part of the city. This creates additional pressure that accelerates property appreciation.

Raigosa also adds that properties on the outskirts of the city have shown excellent performance, resulting in a significant increase in value for nearby countryside areas.

Will real estate investment be affected by the upcoming presidential elections?

Yes. Like all investments, real estate will also be affected by the uncertainty the country is experiencing, as investors will be waiting to see the outcome of the elections. As a result, there may be delays in investment rotation.

With this information, we gain greater clarity on what to expect in the real estate sector. If you are a buyer and/or a landlord, this will also help you understand how the market will behave this year.

We invite you to stay connected to our blog, where we will continue to inform and advise you on the latest market trends. This way, you can protect your assets and investments. At Alberto Álvarez Real Estate, you will find a trusted partner and a professional team with experience and deep knowledge of the trends shaping the real estate industry.