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 | 0.79 % | |
| Data | 2019 Q3 | 138.52 |
| 2019 Q2 | 137.44 | |
Series Information
| Source | National Administrative Department of Statistic (DANE) - Colombia |
| Release | New Housing Prices |
| Frequency | Quarterly |
| Start Date | 3/31/1997 |
| End Date | 9/30/2019 |
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
