Colombia - House Price Index for New Homes

Colombia: House Price Index for New Homes

Mnemonic HPIN.ICOL
Unit Index 2014Q4=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 0.24 %
Data 2020 Q4 144.64
2020 Q3 144.29

Series Information

Source National Administrative Department of Statistic (DANE) - Colombia
Release New Housing Prices
Frequency Quarterly
Start Date 3/31/1997
End Date 12/31/2020

Release Information

The National Administrative Department of Statistics (DANE) reports quarterly new house price indexes for new properties under construction. The data set includes price indexes for houses and apartments. Figures have a base year 2014Q4 = 100 and are not seasonally adjusted (NSA). 

Sale price per square meter of the property corresponds to the value at the time of the census. The cost structure at market prices:

  • Lot price
  • Costs of urbanism
  • Direct costs - materials, equipment, labor, outsourcing
  • Indirect costs - taxes, fees
  • Financial costs - interest rate, monetary correction
  • Sale costs -sales commissions, advertising
  • Profit margin

The source defines:

  • Houses as "dwellings in buildings not more than three floors tall, with separate entrances"
  • Apartments as "dwellings in buildings at least three floors tall, with shared common areas, mainly access, corridors and recreation"

The price indexes are based on the market price per square meter (areal price), based on the salable area, which excludes common and exterior parking areas.

Data is subject to revisions.

For more information, please visit: Source Methodology