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May 12, 2023
In recent years, eastern Antioquia has experienced significant urban and commercial growth. These dynamics have led to a clear increase in property values, contributing to the region's economic progress. It has also become a more competitive sector by providing its residents and visitors with a wide range of products and services. Here we explain why eastern Antioquia is so attractive.
Over the last decade, this sector has been characterized by rapid and constant development. In fact, it led the demand for home sales in Antioquia, with 6,325 apartments and other residential properties sold in this region alone, exceeding the number of units sold in Bello, Medellín, and Sabaneta.
According to La Lonja, the Real Estate Guild of Medellín and Antioquia, this year the area sold 26% of the new housing in the department, which corresponds to 1 in every 4 homes. In addition, in 2022, land values increased by 17%.
These numbers on appreciation and population growth show that this area has become the perfect place to live or invest. That's why there are more and more apartments for sale in Rionegro and other towns in the East that are in high demand in the real estate market. This subregion is the top choice for real estate investment, and the arrival of new residents is boosting the sector's growth.
Many families have decided to move from Medellín to eastern Antioquia because of the many benefits this area offers. The air quality, peaceful atmosphere, and extensive vegetation are some of the reasons why many people choose to rent an apartment in Rionegro.
Public transportation, mobility, and multiple access roads also represent quality and convenience for its residents. Thanks to the construction of the Oriente tunnel, travel times have been significantly reduced.
On the other hand, thanks to population growth, the health sector has also created several internationally renowned hospitals and clinics, making it easier for residents to access quality care. In 2020, the Oriente region stood out for its healthcare management. El Santuario, Guarne, Guatapé, La Unión, Rionegro, San Luis, and San Rafael received recognition from the governor of Antioquia and the Departmental Health Ministry.
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In 2022, the Eastern Antioquia Chamber of Commerce reported that its growth had exceeded that reported in Colombia and Antioquia. In fact, during the same year, the sector was the second most competitive subregion in the department, overtaking other subregions and achieving a score of 42.03, which places it in second place in areas such as institutional capacity building, innovation, and infrastructure.
These socioeconomic indicators have presented this area as a strengthened business fabric thanks to the supply and demand behaviors that the place is experiencing.
For merchants, entrepreneurs, and investors, Eastern Antioquia has become an attractive area for building businesses. Thanks to the different economic activities in the area, the demand for commercial real estate has also increased. Rental properties in Rionegro, warehouses, and offices are some of the commercial spaces that have generated the most interest among business people.
Overall, Eastern Antioquia offers compelling reasons for anyone dreaming of living and/or investing in this area. It also has a wide range of commercial and residential properties to suit every need. At Alberto Álvarez Real Estate, we have properties available in different municipalities in the area, and we can advise and support you throughout the entire process.
We are your trusted real estate agency!
Written by: Valeria Ospina – Marketing Analyst
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