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How Much Does an Apartment Cost in Medellin

Apartment Cost in Medellin can vary from area to area.

condos for sale in medellin colombiaThe cost of apartments in Medellín can vary greatly depending on factors such as location, size, amenities, and the property’s overall condition—generally, prices for apartments in Medellín range from around COP 200 million to several billion Colombian pesos.

In popular neighborhoods like El Poblado, known for its upscale living and expat-friendly atmosphere, apartment prices tend to be higher than other areas in the city.

In El Poblado, you can expect to find apartments starting from approximately COP 400 million and going up to several billion Colombian pesos, depending on factors such as the building’s size, amenities, and exclusivity.

Apartment Cost in Medellin

condos for sale in el poblado medellin colombiaOther neighborhoods, such as Laureles, Envigado, and Belén, offer a wider range of apartment prices. In these neighborhoods, you can find apartments starting from around COP 200 million and going up depending on the specific location and features of the property.

The price of real estate in Sabaneta, Antioquia, can vary depending on location, size, amenities, and the property’s condition. Generally, Sabaneta offers more affordable real estate options than some of the more upscale neighborhoods in Medellín.
In Sabaneta, you can find various real estate options, including apartments, houses, and townhouses. The prices for flats in Sabaneta typically start from around COP 350 million and can go up depending on factors such as the property’s size, location, and amenities.

The average cost of apartments in Envigado, Antioquia, may change based on several variables, including the property’s condition, location, size, and amenities. The average cost of apartments in Envigado, as of my knowledge threshold in March 2023, ranged from 450 million to 800 million or more COP.

Apartment Cost in Medellin

Apartment Cost in MedellinIt’s crucial to remember that these are typical price ranges and that market conditions and particular house features may cause them to change. Prices may also vary between different Envigado neighborhoods and areas.

It’s important to remember that the prices mentioned here are approximate and can vary significantly based on the factors mentioned earlier. Additionally, real estate prices are subject to market fluctuations, so it’s recommended to consult with a local real estate agent or browse online real estate platforms to understand current prices in Medellín better.

Wide varity of Apartment Cost in Medellin

Property prices in Colombia have been increasing at an average of 4% per year historically, but in recent post-Covid years, we have seen a somewhat disproportionate increase. The market is going to correct itself; historically, it always has. Now note that the price of properties in Medellin historically never go down; they always go up, but as I already mentioned, at this moment, we have a jump in prices due to more global macro issues, dollar prices, oil, the war of Russia, have some influence in the prices.

Today 2023, the average price of an apartment in Laureles, Medellín, has increased and is climbing for the last can vary depending on location, size, amenities, and property condition. However, as a general indication, apartments in Laureles typically range from COP 450 million to COP 1 billion or more.

Laureles is a popular and desirable neighborhood in Medellín known for its tree-lined streets, parks, and vibrant community. It offers residential and commercial areas with various amenities and conveniences.

So how much does an apartment cost in medellin?