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September 10, 2017
The used housing sector in Medellín has been characterized by strong dynamism in recent years, which is clearly reflected throughout the city, especially in the apartment segment.
Thanks to its constant growth in housing supply, Medellín has transformed not only into a better place to live but also into an attractive investment alternative.
The significant tourism boom, the presence of foreign investors, the Fourth Industrial Revolution, and other economic drivers have made the city increasingly appealing compared to other cities in the country.
Based on our main source of information—the MLS real estate network (“which features specialized software accessible online and contains a large portfolio of properties for sale in Medellín. Real estate agencies registered in the system share property information, allowing for efficient marketing and optimized use of resources”)—we conducted a summary study that yielded the following results:
Currently, there are approximately nine hundred ninety-seven (997) apartments for sale in Medellín.
It is important to note that this study does not include property prices. In this case, apartment prices are excluded because the figures correspond to asking prices rather than final closing prices, as supply prices are generally higher than transaction values.
To clearly identify where these properties are located, we have divided them into four main areas:
Based on these figures, El Poblado is the area with the highest supply in the apartment segment, representing 71% of the total. In comparison, the downtown area accounts for only 5%, reflecting its stronger commercial orientation. Belén–Guayabal, with 11%, and Laureles, with 13%, also stand out as areas with high residential supply.
Additionally, it is important to analyze apartment sizes, which we have divided into six categories:
0 m² to 60 m²
61 m² to 120 m²
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121 m² to 180 m²
181 m² to 250 m²
251 m² to 1,000 m²
More than 1,000 m²
In conclusion, these figures provide a current estimate of the apartments for sale in the city of Medellín. While this number may increase or decrease daily, it clearly highlights the strong supply and the business opportunity the city represents, generating attractive returns for investors.
A clear example is when a property owner has an apartment for sale in El Poblado and decides to rent it out in order to generate a fixed asset within their personal finances. This is a sound decision due to the exclusivity and location of the property; however, it is common for owners to lack proper knowledge on how to manage it efficiently.
At Alberto Álvarez, you can find expert guidance to ensure these matters do not become a burden. Contact us at +57 444 98 98.
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